Got this investment opportunity to invest in this special zone in Iskandar, Malaysia.
http://medini.com.my/wp-content/uploads/2013/01/interactive_map-New.jpg
Medini is a special zone cut out with special privileges.
1. Real Estate Bumiputra Waiver.
No sales quota to Bumiputras (local Malays)
2. Real Estate Local/Foreigner Quota Waiver
Residential: 50% end-user product to be sold to Malaysians
Commercial: 80% end-user product to be sold to Malaysians
3. Low Cost Housing Waiver
No low cost housing requirement (40% elsewhere)
4. Real Estate Developer Tax Waiver (AD Status)
Exempted from income tax on;
§Disposal of land (up to 2015)
§Sales or rental of buildings (up to 2020)
5. Real Estate Development Manager Tax Waiver (ADM Status)
Exempted from income tax up to year of assessment 2020 (for management, supervisory, and marketing related services)
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The deal is to provide Mezz Loan to Developer Medini Investment at following rates.
Yr1 25%
Yr2 25% (Call Option to buy out +10%)
Yr3 25% (Call Option to buy out +5%)
Yr4 25% + Principle.
Developer want a minimum of SGD$100K per investor and minimum of SGD$1M SPV for this to kick off.
Well, we intent to go in on 3rd May. Gathered only SGD900K. Not enough to form the SPV.
Medini Square is marketed at RM750psf.
2nd option is to invest as equity fund. Min SGD250K with potential 250-300% return in 3 years.


