Group targets completion of Phase One by June 2017
(5th from left) Lu En, Chief Executive Officer of China State Construction Engineering Corporation, and James Bruyns, Senior Chief Operating Officer of Mah Sing Group at the The Meridin@Medini topping up ceremony.
Mah Sing Group Berhad (Mah Sing) recently held a topping-up ceremony for the Group’s The Meridin@Medini integrated project in Johor. The ceremony symbolizes the completion of the development’s structure. The event was graced by James Bruyns, Senior Chief Operating Officer of Mah Sing Group; and Lu En, Chief Executive Officer of China Sate Construction Engineering Corporation. The Meridin@Medini is scheduled to be completed by June 2017.
The completion of The Meridin@Medini’s structural works comes with the CONQUAS Structural Assessment score above 80 point. Since the project’s commencement over 800 ago, it has registered a zero-accident safety record.
“Mah Sing as always emphasize on the importance of quality home. Working hand-in-hand with our ever growing talented workforce and business associates, we look to further enhance our value through providing our customers with uncompromising customer experience,” said James Bruyns, Senior Chief Operating Officer of Mah Sing Group.
He added, “Hence, by working together with prestigious companies such as China State Constructions Engineering, we are confident that the quality of our products is at its highest standard.”
The Meridin@Medini is an integrated development offering hotel-serviced suites, serviced residences, and Small Office Versatile Offices (SoVo, the Meridin Walk Lifestyle Retail). The development measuring over 8.19 acres has an estimated gross development value (GDV) of RMRM1.1billion.
“China State Construction highly value the cooperation between Mah Sing Group. Rest assured that we have paid high attention to the quality and efficiency of construction and we will continue to do so. Together, we are confident that we have built a safe, quality and green project,” said Gua Qingsong, Director of China Sate Construction Engineering Corporation in his speech at the topping up ceremony.
The Meridin@Medini
Mah Sing’s The Meridin@Medini integrated development is located in Medini, a township development that will become a central business district in the newly created southern economic zone of Iskandar in Johor Bahru. Iskandar is expected to encompass an area approximately three times the size of Singapore and provide tourism, education, business and healthcare services, contributing to the rapid growth of Johor Bahru.
“The Meridin@Medini which is located within the special economic zone of Medini itself enjoys privileges such as tax exemption and no limitation for foreign buyers. Further to this, market catalysts such as the proposed Rapid transit connecting Johor and Singapore which is due to commence in 2019; and the High Speed Rail scheduled for completion in 2022 will further improve connectivity will draw crowd to Johor Bahru,” said James.
The Meridin@Medini is located along Persisiran Pantai JB-Nusajaya which is the protocol road to Kota Iskandar employing a Live, Work, Relax and Rejuvenate concept.It is situated approximately 45 minutes from Singapore and less than a kilometer from Legoland Malaysia, a popular international family theme park.
To date, Mah Sing has a total of 7 projects in Johor. Mah Sing’s track record in Johor has been built over 14 years with the Group’s first township project of Sri Pulai Perdana in year 2000, followed by Austin Perdana, Sri Pulai Perdana 2, Sierra Perdana and iParc@Port of Tanjung Pelepas.
Ramada Branded Hotel-Serviced Suites
Mah Sing recently signed a franchise agreement with Wyndham Group to procure the Ramada brand name for both of Mah Sing’s Meridin Hotel Suites. The towers are named Ramada Encore Meridin and Ramada Meridin respectively. Both the Ramada branded hotel-serviced suites are scheduled to open in 2018.
James further said, “We are pleased to share that Phase 1 of The Meridin@Medini is 80% taken-up. Just last year, we joined hands with Wyndham Group, another established organization to procure the Ramada brand name for both our Meridin Hotel Suites towers. And we are very heartened by the overwhelming response we received. This is a testament of the public’s trust in the Mah Sing brand.”
“Property investments are still viewed as a good hedge against inflation. We believe that buyers are attracted to the guaranteed rental returns offered; reputable hotel operator and brand name; and the strategic location next to Legoland,” he added.
