Meridin Suites, The Meridin
Meridin Suites (also known as Meridin Residences) is a leasehold apartment located in The Meridin, Medini. There are 756 units available at this project with built-up from 521 sf to 1,115 sf. It was developed by Mah Sing Group Bhd with a launch price of about RM700 psf, and was completed around 2017.
Mah Sing Group Bhd is a very big-scale property developer listed on Bursa Malaysia, and it has developed about 75 property projects in Malaysia. Other similar projects by the same developer are Austin Suites, Ferringhi Residence, Ferringhi Residence 2, Icon Residence, Icon Residence, Icon Residenz, M Centura, M Suites, The Caspian and The Loft.
This apartment has some amenities nearby, i.e. hospitals and schools.
The current market prices for Meridin Suites are from RM360,000 to RM590,000 (about RM690 psf); while the monthly rentals are from RM1,300 to RM2,100 (about RM2.50 psf). The highest median price psf ever recorded was RM969 psf in Q3 2015; while the lowest one was RM582 psf in Q4 2018.
The current rental yield of Meridin Suites is around 4.0%, compared to 3.2% a year ago in Q1 2018. The highest rental yield ever recorded was 4.8% in Q1 2019; while the lowest one was 3.01% in Q2 2018. Meanwhile, the most common unit layouts and sizes available here are as follows:
The most popular layout and size combination at Meridin Suites 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.
Latest Meridin Suites for sale listings:
Latest Meridin Suites for rent listings: