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SG Afiniti Residences units snapped up

Property Here - Monday, June 10, 2013

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By Nikki De Guzman:

The 147-unit Afiniti Residences was sold out on the first day of its launch on Saturday, with more than 1,000 attendees participating in a balloting exercise for the residential project in Medini, Iskandar Malaysia.

Singaporeans accounted for 25 percent of the buyers, while 72 percent were Malaysians and the rest were from India, China and Indonesia.

“We are heartened by the positive response to Afiniti Residences as it reflects the strong demand for urban wellness living for those seeking a work-life balance and respite from their busy lives. We would like to thank all our prospects and buyers for their support in our project,” said Pulau Indah Ventures (PIV) General Manager, Roslina Arbak.

The project is developed by Afiniti Residences (ARSB), a wholly-owned unit of PIV, which is a joint venture between Malaysia’s Khazanah Nasional and Singapore’s Temasek Holdings. It forms part of the five-acre Afiniti Medini wellness-inspired integrated development set to be completed by 2015.

Afiniti Residences offers unit types ranging from studio, one-bedroom-plus-study, two-bedroom and two-bedroom-plus-study.

“Pulau Indah Ventures also continues to see interest from tenants keen on spaces in the wellness centre, retail and training areas. We will be selective in the choice of tenants and stay true to our vision of establishing Afiniti Medini as an iconic wellness hub in the region for families, tourists and professionals to enrich, recharge and rejuvenate themselves,” added Arbak.

The units were selling for between RM500,000 (S$202,206) and RM1 million (S$404,39), or RM850 (S$343) to RM1,000 (S$404) psf. The balloting was lead by international auditing firm KPMG.

Image: Buyers viewing the scale model of Afiniti Residences.



Nikki De Guzman, Junior Reporter at PropertyGuru, wrote this story. To contact her about this or other stories email nikki@allproperty.com.sg