Listed as among the developments to look out for in a megalopolis that is called Iskandar Malaysia is the much-anticipated Iskandar Residences @ Medini. With perfect timing on its side and a reputable developer, Distinctive Resources Sdn Bhd backing it up, the aforementioned residential project immensely benefit from the grand masterplan designed for the southern region of Malaysia.
The once ordinary state of Johor spanning a land area way bigger than Putrajaya and three times Singapore’s size now opens a gateway for developers and investors across the country. Development of Iskandar is expected to be completed by 2025 and by then the region should be brimming with high end developments and cutting edge facilities.
In the Heart of a Megalopolis
Iskandar Residences aspires to become a key milestone in the rise of Johor as a megalopolis and things have been looking good for the project thus far. In fact, units have been selling fast according to the developer’s latest updates with standard units already sold out.
Located in Nusajaya, a known main hotspot in Iskandar with ongoing developments spanning 24,000 acres, Iskandar Residences is no doubt right at the spot where activities, leisure and entertainment thrives. To be exact, the project is situated at Medini North Zone A sitting on a 6.31-acre 129-year leasehold land. Some of the current projects the development calls neighbours are the 1Medini and Afiniti Medini which sells on average RM450 to RM550 psf and RM850 to RM1,100 psf respectively.
A Gem and a Good Deal in Medini
Considered as a potentially promising development with high chances of appreciation due to the mega developments surrounding it, Iskandar Residences has a lot to offer to investors. There are two towers, 40 & 29 storeys, which house a total of 640 units with built-up sizes ranging from 633 to 3,411 sq.ft.
Tower A has a toal of 355 units while Tower B has 285, and both towers have a variety of layouts to choose from. The choices are categorized according to the number of rooms and built-up size. Choices are as follows:
- 1 Bedroom with built-up of 633 or 658 sq.ft.
- 2 Bedrooms with built-up of 952 and 1,052 sq.ft.
- 3 Bedrooms with built-up from 1,249 to 1,660 sq.ft.
- 4 Bedrooms with built-up of 1,751 sq.ft.
- Penthouse with built-up of 3,144 and 3,411 sq.ft.
Price starts from RM700 psf which is considered a good deal compared with similar developments such as Afiniti Residences Medini that sells from RM850 onwards. At least RM100psf less expensive, Iskandar Residences has definitely attracted investors and home buyers looking for a resort-inspired home. To check if the property is indeed a best value investment, use our price valuation guide which you can download here.
[customx name=”Iskandar Residences” rating=”4.2″ best=”5″ worst=”1″ pricerange=”$$$” count=”3453″]
What Awaits Investors and Home-Seekers
Apart from its beautiful and lush landcapes, residents are treated like royally with a wide range of modern facilities such as the 50m Olympic-sized pool, wading pool, jacuzzi, activities zone, courts for squash and badminton, playground and a slew of water features. Not only that but Iskandar Residences also boasts of a sky garden in level 11 and a sky pool, deck and sky lounge located at the top levels of both towers. Other basic features designed to meet day-to-day needs are the minimart, laundrette, library, reading room, game rooms and nursery.
Security also comes as one of the development’s priority. To keep the entire perimeter safe and sound for a worry-free lifestyle, there is a 3-tiered security system installed. First is the gated guardhouse then the 24-hour CCTV surveillance and of course, a card access system in the lobby and per unit.
With the state of Johor poised to rapidly grow, an ever increasing number of amenities are also found in the area. Some of the most notable catalysts in Medini include the Iskandar Financial Centre, Legoland Medini, Puteri Harbor and the Mall of Medini. Also easily accessible and mostly a short drive away are medical facilities and educational institutions, collectively called as EduCity, which include schools such as the Newcastle, Reading and Southampon Universities.
What We Think
Connectivity is another major pull to potential investors. Puteri Harbour is a 5-minute drive from Iskandar Residences which allows great while Tuas @ 2nd Link is a 15-minute drive away. In general, most of the major places nearby including Singapore are less than an hour away by car. It will also greatly benefit from the proposed train station in the area.
All in all, Iskandar Residences is sprawled in the booming town of Medini where a plethora of catalyst developments are definitely going to help appreciate the value of the properties. With that in mind, getting a unit or two at Iskandar Residences is worth considering. To help you get a solid grasp of the property’s market value, we have a free ebook guide below.