Friday 20 June 2014

Citrine – A sensible value proposition

Project launches in Medini have always drawn much attention amongst investors in view of its economic zone status and positioning as the Central Business District of Iskandar Malaysia.
As a result, recent months have seen many “investment type” properties launched at exorbitant prices riding this speculative wave.   

We believe Citrine@The Lakeview, to be launched soon by Sunway Group at RM700-RM800 psf is sensibly priced for a fully integrated development with well-articulated Unique Selling Points.  

Highrise Residential Launches in Medini in 2013

Project Name
Launch Price (psf)
average RM730
Affiniti Residences
RM850 - RM1,000
Paradiso Nuovo
fr RM850
Iskandar Residences
fr RM700

Citrine comprises 167 units of designer offices, 328 units of apartments as well as 51 units of boutique retail which will not be sold.  Designer offices have built ups ranging from 746sf to 1671sf and the built ups for the apartments are from 618sf to 1571sf. 

The product mix is sensible and market-driven, taking into account the potential needs of the neighbouring developments including the RM60mil Canadian International School (to be built) and the newly completed Pinewood Iskandar Malaysia Studios. 

The planned complementary facilities such as international school, hotels, medical facilities, malls and theme park within Sunway Iskandar will improve sustainability and livability in the long run.   

Read more in The Edge this week.

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