The Elysia Park Residence Medini Iskandar

Elysia Park Residence

The Elysia Park Residence is a one-of-a-kind development designed to offer a triple volume Sky Garden and a rooftop lawn that redefines the concept of ‘taking a walk in the garden’. In addition to that, residents who value the presence of greenery will certainly appreciate the 209,000 sqft Mahkota Park that is located right next to the development.

The project’s winning point is its location. Situated smack in the middle of Iskandar Puteri – which is set to be Johor’s new State Administrative Centre – this project is also surrounded by a host of important landmarks and amenities. These include Legoland Malaysia; the Mall of Medini, which is the largest retail mall in the southern region, and Pinewood Iskandar Malaysia Studios. Other notable places include EduCity, the Puteri Harbour Family Theme Park and the Southern Industrial and Logistics Clusters (SiLC), which provides a growing catchment for the project.

Located right next to the development is the Gleneagles Medini Hospital, a hotspot for medical travellers. The 300-bed hospital, which offers a comprehensive range of specialities including cardiology, otolaryngology, nose and throat (ENT), oncology, ophthalmology and orthopaedics specialities, adds momentum to the area.

Connectivity-wise, the Elysia Park Residence is easily accessible via the Iskandar Coastal Highway. Eastern Dispersal Link (EDL), Johor Bahru East Coast Highway and Senai-Desaru Expressway. The development also enjoys the advantage of being five minutes away from the Second Link Customs, Immigration and Quarantine (CIQ) toll.

Under the Iskandar Malaysia development plan, the region will enjoy state-of-the-art facilities and accessibility to various infrastructure projects on its journey to become a self-contained metropolis. It is envisioned that these amenities – a financial centre, medical facilities, internationally recognised colleges, high-end housing, luxury hotels, theme parks, media production studios and the likes – will become catalysts that will drive demand. The completion of the high speed rail (HSR) project, for instance, will further spur growth in the Iskandar area with a 44% increase in population within Gerbang Nusajaya itself.

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ANALYSIS REPORT

Location: Bandar Medini Iskandar Malaysia, Johor

Property type: Condominium

Concept: Modern design

Total units: 981

Land title: Strata

Built-up size: 516 sqft – 1,242 sqft

Tenure: 99 years + 30 years lease

GDV: RM1.2 billion

Acres of development: 7.82

Est. date of completion: 2019

AREA ANALYSIS

  • Single storey terraces in the Iskandar Puteri area have a very positive average price change. One project that is priced at RM210.000 per unit has an average price change of 16.7%
  • Double storey terraces with a price range of RM420.000 – RM450.000 recorded an average price change of 17.7%
  • Condominiums and apartments in Iskandar Puteri has an average price change of 3.4% for properties that is priced at RM310.000 – RM350.000
  • The rental per month for a single storey terrace is RM600 – RM700, with an average rental change of 13% and average gross yield of 3.6%
  • The average rental change for condominiums and apartments is stable for units fetching a rental of RM1.000 – RM2.100 with an average gross yield of 6.6%

INSTITUTIONS

Primary & Secondary Education (current & planned)

  • SK Medini, Iskandar Puteri
  • SMK Medini, Iskandar Puteri
  • Marlborough College Malaysia
  • Raffles American School

Tertiary Education (current and/or planned)

  • Newcastle University Medicine Malaysia
  • University of Southampton
  • Netherlands Maritime Institute of Technology
  • University of Reading Malaysia
  • Raffles University Iskandar
  • Multimedia University
  • Management Development Institute of Singapore
  • Johan Cruyff Institute Malaysia.

RETAIL, ENTERTAINMENT & LEISURE

  • Legoland Malaysia
  • Puteri Harbour Marina & Retail Outlet
  • Pinewood Iskandar Ma’aysia
  • Hello Kitty and Little Big Club Theme Park
  • Afiat Healthpark
  • Gleneagles Hospital

CONNECTIVITY

  • Iskandar Coastal Highway
  • Eastern Dispersal Link (EDL)
  • Johor Bahru East Coast Highway
  • Senai-Desaru Expressway

UNIQUE SELLING PROPOSITIONS

  • The units, each equipped with a multi-tier security system, are furnished with high-quality finishes and have a reasonably low entry price

DEMOGRAPHICS (TARGET MARKET)

  • Young professionals/couples working in Singapore
  • Investors looking for rental yields and capital gains
  • Small families
  • Holiday home/second home buyers

For more project from Johor Bahru , Please visit our Iskandar Johor Bahru Website .