I just read that there's a ballot for the Afiniti Residences. 1570 people had registered for 147 units. Eventually 200 interested buyers showed up for 88 available units. The Afiniti is 129 year leasehold next to Legoland and developed by Pulau Indah Ventures, a joint venture firm between Temasek Holdings and Khazanah Nasional (The temasek Equivalent in malaysia). It probably has alot to do with this reason that many are interested.
There is a also a wellness center, a 33 storey Somerset Medini Iskandar service apartment, corporate training centre and retail. I am pretty sure the Somerset service apartment will do well due to the Legoland factor and the proximity to Gleneagles Medini Hospital. Both of which has potential to get many short term stayers.
That means now there will be 2 Somerset presence in the same region. One is in Puteri Harbour and the other at Medini. It appears that Ascott is optimistic about the Iskandar. Well, that optimism still appears to be centered around the hospitality sector. As for other commercial activities, it is still too early to tell.
The price is about RM850-RM1000psf onwards. On the surface it appears to be still low considering the launched price (above RM1000 psf) of other properties so far in the same region. However, this Afiniti is a 129 years leasehold so the comparison would be inaccurate.
There is a also a wellness center, a 33 storey Somerset Medini Iskandar service apartment, corporate training centre and retail. I am pretty sure the Somerset service apartment will do well due to the Legoland factor and the proximity to Gleneagles Medini Hospital. Both of which has potential to get many short term stayers.
That means now there will be 2 Somerset presence in the same region. One is in Puteri Harbour and the other at Medini. It appears that Ascott is optimistic about the Iskandar. Well, that optimism still appears to be centered around the hospitality sector. As for other commercial activities, it is still too early to tell.
The price is about RM850-RM1000psf onwards. On the surface it appears to be still low considering the launched price (above RM1000 psf) of other properties so far in the same region. However, this Afiniti is a 129 years leasehold so the comparison would be inaccurate.
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