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 1,115 sf for apartment units, 250 sf to 2,000 sf for retail units and 447 sf for SOHO 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 83 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.

Property Type
Integrated Office, Residential & Retail
Land Tenure
Leasehold
Built-up
521 sf - 1,115 sf (Apartment)
250 sf - 2,000 sf (Retail)
447 sf (SOHO)
Market Price
RM360,000 - RM520,000 (Apartment)
Density
756 Apartments
Completed In
2017
Launch Price
RM700 psf (Apartment)
RM1,000 psf (Retail)
RM660 psf (SOHO)

This integrated office, residential & retail hub has some amenities nearby, such as hospitals and schools.

The current market prices for The Meridin are from RM360,000 to RM520,000 (about RM690 psf) for apartment units; while the monthly rentals are from RM1,200 to RM2,000 (about RM2.30 psf) for apartment units, RM1,500 to RM7,000 (about RM6.00 psf) for retail units and RM1,100 (about RM2.46 psf) for SOHO 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 RM422 psf in Q4 2019 (Apartment) and RM1,704 psf in Q3 2015 (Retail).

The current rental yield of The Meridin is 4.8% 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:

Apartment Layouts

The most popular layout and size combination at The Meridin for apartment units is 1-bedroom / 521 sf with a median price of RM690 psf. For price wise, the most expensive one is 1-bedroom / 521 sf with a median price of RM690 psf; while the cheapest one is 3-bedroom / 1,115 sf with a median price of RM450 psf.

Retail Layouts

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.

SOHO Layouts

Lastly, the most popular layout and size combination at The Meridin for SOHO units is Studio / 447 sf with a median rental of RM2.46 psf. For rental wise, the most expensive one is Studio / 447 sf with a median rental of RM2.46 psf; while the cheapest one is Studio / 447 sf with a median rental of RM2.46 psf.

Latest The Meridin for sale listings:

DateTypeBuilt-upPrice
03-Dec-19SOHO452 sfRM230,000
02-Dec-19Retail886 sfRM1,400,000
29-Nov-19Studio341 sfRM230,000
29-Nov-19Condominium968 sfRM581,000
29-Nov-19Condominium661 sfRM507,000
29-Nov-19Condominium966 sfRM400,000
29-Nov-19Condominium1,066 sfRM450,000
29-Nov-19Condominium966 sfRM400,000
28-Nov-19Condominium521 sfRM388,000
19-Nov-19Retail312 sfRM250,000

Latest The Meridin for rent listings:

DateTypeBuilt-upRental
YesterdayLow-Cost Flat596 sfRM1,100
YesterdayCondominium600 sfRM1,200
YesterdayCondominium800 sfRM1,400
YesterdayLow-Cost Flat1,008 sfRM1,050
YesterdayLow-Cost Flat1,064 sfRM1,800
YesterdayLow-Cost Flat1,064 sfRM1,650
YesterdayLow-Cost Flat850 sfRM1,500
YesterdayCondominium1,115 sfRM1,800
13-Dec-19Condominium1,200 sfRM1,800
13-Dec-19Condominium500 sfRM1,300
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