BY Roznah Abdul Jabbar
To boost the international appeal of it Paradiso Nuova Medini project in Nusajaya, developer Zhuoyuan Iskandar Sdn Bhd has signed a Memorandum of Understanding (MoU) with Malaysia My Second Home (MM2H) that will see the property being promoted under the expatriate home ownership programme.
The company, which is a joint venture between China’s Zhuoda Group and Medini Iskandar Malaysia Sdn Bhd (MIM), has also signed MoUs with various education providers and local associations to promote the education facilities it will be developing within the Iskandar Malaysia region.
Zhuoyuan vice president Lee Siow Woon said that the company was delighted to introduce the MM2H and education programmes to the market, as these will serve to promote social cohesion and community service within the Medini township.
Lee said that the MoU will strengthen its partnership with all collaborative partners and the improve bilateral ties to develop Iskandar Malaysia, particularly Medini, into a more conducive place to live, work and have fun.
“Undoubtedly, this partnership will not only benefit residents, but more importantly the entire community,” he said.
To support the MM2H programme, Lee said Zhuoyuan will offer complimentary resident status with the purchase of its properties as a token of appreciation to buyers.
The MM2H programme was introduced by the government to entice international second home seekers from around the world to choose Malaysia as a retirement destination or long-term residence, with a 10-year multiple-entry social visit pass.
“We also provide professional consultation service to our buyers, which will be conducted by our collaborative partners, Consensusbiz MM2H Sdn Bhd and Duta Far (MM2H) Sdn Bhd,” Lee said.
The partnership signals Zhuoyuan’s intention to play a key role in shaping communities within the Medini township and become a significant player in the southern development landscape.
Lee said Zhouyuan’s investment into Medini is clear affirmation of the company’s confidence in its growth potential, and in MIM as an investment partner, as it looks to take on new opportunities in Southeast Asia. – Roznah Abdul Jabbar