D'Pristine @ Medini Iskandar - Foreigners eligible to purchase below MYR500,000.
D'Pristine Medini is the latest mixed development project in Iskandar Malaysia and is located in Medini, Nusajaya. Medini is the only location in Johor where foreigners are eligible to own property worth below MYR500,000 and NOT subject to foreign property price cap!
The project consists of:
A 3/4 Star Hotel with 300 rooms
3 Storey Retail mall with 163 shops for retail and F&B outlets
2 Residential Towers (35 and 37 storey) with total 1,184 units
32 storey Grade A Office Tower.
The Residential units will be open for sale in late May 2013 with expected average pricing of RM650psf. Prices starting from RM4XX,000 onwards.
Medini is the only place in Iskandar where foreigners are eligible to invest below RM500,000 hence we expect this project will be highly in demand.
Medini is the future Central Business District (CBD) for Iskandar Malaysia and the Malaysian Government has introduced a number of incentives including:
For Businesses/Business Owner
10 years tax free for businesses or
100% Investment Tax Allowance for 5 years
Zero property gain taxes for property up to year 2020
Zero tax on rental income up to year 2020
Zero tax on sales of land up to year 2015
For Foreign Knowledge Employees
Flat income tax rate of 15%
Zero import duties for purchase/import of cars
Medini is also near to Puteri Harbour and the ferry terminal to Singapore and is also just a 10-15 minute drive away from the 2nd Link at Tuas.
Located between East Ledang & Puteri Harbour
10 minutes away from the Tuas 2nd Link to Singapore.