The Meridin, Medini
The Meridin is a leasehold integrated office, residential & retail hub located in Medini, Nusajaya. It consists of Meridin Linx, Meridin Suites and Meridin Walk. There are 756 apartment units available at this project with built-up from 521 sf to 1,064 sf for apartment units and 250 sf to 2,000 sf for retail units. It was developed by Mah Sing Group Bhd with a launch price of around RM700 psf for apartment units, RM1,000 psf for retail units, RM660 psf for SOHO units, and was completed about 2017.
Mah Sing Group Bhd is a huge real estate company listed on KLSE, and it has undertaken around 73 real estate projects in Malaysia. Other similar projects by the same developer are Garden Plaza, Garden Residence, Icon City, Kinrara Residence, M City, Savanna, Southbay, Southville City, Taman Damai Utama and Taman Sierra Perdana.
This integrated office, residential & retail hub has some amenities nearby, such as hospitals and schools.
The current market prices for The Meridin are from RM400,000 to RM540,000 (about RM760 psf) for apartment units; while the monthly rentals are from RM1,300 to RM2,000 (about RM2.50 psf) for apartment units and RM1,500 to RM7,000 (about RM6.00 psf) for retail units. The highest median price psf ever recorded was RM969 psf in Q3 2015 (Apartment) and RM1,838 psf in Q3 2014 (Retail); while the lowest one was RM600 psf in Q4 2018 (Apartment) and RM1,704 psf in Q3 2015 (Retail).
The current rental yield of The Meridin is 5.8% for apartment units. The highest rental yield ever recorded was 5.8% in Q4 2018 (Apartment); while the lowest one was 3.04% in Q4 2017 (Apartment). Meanwhile, the most common unit layouts and sizes available here are as follows:
The most popular layout and size combination at The Meridin for apartment units is 1-bedroom / 521 sf with a median price of RM760 psf. For price wise, the most expensive one is 1-bedroom / 521 sf with a median price of RM760 psf; while the cheapest one is 2-bedroom / 901 sf with a median price of RM510 psf.
Meanwhile, the most popular layout and size combination at The Meridin for retail units is 250 sf with a median rental of RM6.00 psf. For rental wise, the most expensive one is 250 sf with a median rental of RM6.00 psf; while the cheapest one is 2,000 sf with a median rental of RM3.50 psf.
Latest The Meridin for sale listings:
Latest The Meridin for rent listings: