Update on Overall Main Infrastructure Cost
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Unlocking The Potential of A Great City Dr. James Tee MD/CEO, Medini Iskandar Malaysia Sdn Bhd 27 November 2017 Seminar on Emergence of Future Cities 1 Table of Contents • Overview of Medini Iskandar Malaysia Sdn Bhd (“MIM”) • MIM’s Unique Value Propositions • Project Development Pipeline • Strategic Marketing and Branding 2 Table of Contents • Overview of Medini Iskandar Malaysia Sdn Bhd (“MIM”) • MIM’s Unique Value Propositions • Project Development Pipeline • Strategic Marketing and Branding 3 Iskandar Malaysia – Comprehensive Development Plan JB CITY CENTRE JB Conservation & Heritage Zone SENAI - SKUDAI A Danga Bay Ibrahim International Business District E ISKANDAR PUTERI JB CITY CENTRE B Kota Iskandar Legoland EASTERN GATE DEV EduCity ISKANDAR PUTERI MIM A Ascendas Tech Park D WESTERN GATE DEVELOPMENT B C Tanjung Pelepas Port WESTERN GATE RAMSAR World Heritage Park DEV EASTERN GATE DEVELOPMENT D Tanjung Langsat Industrial Park Tanjung Langsat Port C Johor Port E SENAI-SKUDAI Airport City Johor Premium Outlets Source: IRDA 4 Flagship Zone B: Medini City @ the Heart of Iskandar Puteri Medini City: 2,230 acres 5 Table of Contents • Overview of MIM • MIM’s Unique Value Propositions • Project Development Pipeline • Strategic Marketing and Branding 6 MIM’s Unique Value Propositions: 1. MASTER DEVELOPER WITH PRIME AND LARGE LANDBANK 2. UNIQUE MASTER-PLANNED SMART AND GREEN CITY IN CBD DEVELOPMENT 3. LOWER RISK PROFILE 4. PROVEN TRACK RECORD – 48 APPROVED PROJECTS 5. EXCELLENT LOCATION, ACCESS AND CONNECTIVITY 6. MIM IS BACKED BY INTERNATIONAL AND REPUTABLE SHAREHOLDERS 7. STRONG FINANCIAL PERFORMANCE BY MIM 8. MANAGEMENT TEAM WITH VAST INTERNATIONAL EXPERIENCE 9. STRONG TIES WITH STATE AND FEDERAL AUTHORITIES 10. ROBUST PIPELINE OF EXCITING NEW PRODUCTS 7 1. Master Developer with Prime and Large Landbank In the beginning 8 1. Master Developer with Prime and Large Landbank A) Land Use and Population MIM is the master developer of Medini City, with prime and large land bank of 2,230 acres, whereby 158 acres are remaining, to be developed over the next 30 years. No. Land Use Gross Floor Area (sq ft) % 1. Office 32.72 mil 71.4% 2. Residential 10.07 mil 22.0% 3. Retail 1.33 mil 2.9% 4. Hotel 0.78 mil 1.7% 5. Institution / Others 0.95 mil 2.1% TOTAL 45.9 mil 100% Estimated population: Iskandar Malaysia: 3 mil by 2025 (current population: 1.8mil) Medini City: 480,000 by 2040 Source: IRDA and JLL Research 9 1. Master Developer with Prime and Large Landbank B) MIM Believes in Sustainable, Green and Smart Developments Accessibility Healthy & Safe Adaptability & Sustainability Public Realm Identity & Character 11 1. Master Developer with Prime and Large Landbank C) Three Clusters Strategy to Develop Medini City, CBD of Iskandar Puteri, Johor Medini Gateways Medini Gateways Medini Gateways Offices Surrounding Central Park Cluster 1 Garden offices Cluster 2 facing MBIP office Medini Gateways Educational Medini Gateways Institution Cluster 3 12 1. Master Developer with Prime and Large Landbank D) 10 Years On, Key Catalytic Projects Have Been Successfully Completed 2007 2012 2008 2009 2010 2011 2013 2014 2015 2016 LAUNCHED SIGNED GROUNDBREAKING SIGNED COMPLETED LAUNCHED LAUNCHED LAUNCHED LAUNCHED ▪ MIM ▪ WCT Berhad ▪ LEGOLAND ▪ Zhuoda Real ▪ LEGOLAND ▪ Afiniti Medini ▪ Grand Medini ▪ Elysia by BCB ▪ Global for 1 Medini Malaysia Estate Group Malaysia ▪ Avira ▪ Sunway Citrine Business SIGNED ▪ Binapuri ▪ Distinctive ▪ Iskandar SIGNED Services by ▪ LEGOLAND Holdings for Resources SIGNED Residences ▪ Huawei – 1st GROUNDBREAKING i2M Malaysia Medini ▪ Sunway Berhad ▪ Distinctive Ace ▪ The Meridin corporate ▪ Medini 9 Square ▪ Khazanah / ▪ WCT Land ▪ Paradiso Nuova tenant at ▪ UMCity by OPERATIONAL Temasek Wellness ▪ BGCR ▪ D’Pristine Medini 6 UMLand ▪ Gleneagles Project ▪ Mah Sing ▪ Medini Signature Medini ▪ UM Land COMPLETED COMPLETED ▪ Somerset ▪ Stanford COMPLETED ▪ Medini 6, 1st ▪ Medini 7 Medini Properties ▪ LEGOLAND purpose built ▪ 1 Medini by WCT ▪ CIMB Water Park & office Training Hotel building SIGNED Academy ▪ Pinewood ▪ Samsung C&T – 1st ▪ Frost & Iskandar Medini 7 Sullivan at Malaysia Studios corporate tenant Medini 7 ▪ 1 Medini SHAREHOLDER ▪ Mitsui & Co, Ltd CERTIFICATION acquires 20% • MSC status stake in MIM 13 1. Master Developer with Prime and Large Landbank E) Medini City Has a Comprehensive Ecosystem with Reputable Local/Global Brands Healthcare Commercial / Global Business Services Banking Leisure & Tourism Education Developers / Investors Creative 14 1. Master Developer with Prime and Large Landbank F) Special Incentives Available Only in Medini City Incentive Description Malaysia IDR Medini City Residency program with 10-year renewable visa based on minimum 1 Malaysia My Second Home (MM2H) real estate purchase and bank balance 2 Malaysia Investment Development Authority (MIDA) Various tax incentives and support mechanism across many industries 3 Malaysia Digital Economy Corporation (MDEC) Special incentives for Information Communication Technology (ICT) Enhanced framework and tax incentives for attracting Islamic banking, 4 Islamic Banking Incentives takaful and re-takaful 5 Foreign Knowledge Workers Freedom to source knowledge workers globally without restriction 15% rate instead of standard 26% for qualified knowledge workers 6 Reduced Expatriate Income Tax working in qualifying knowledge sectors Exempted from income tax on: 7 Real Estate Developer Tax Waiver (AD Status) • Disposal of land (up to 2015); and • Sales or rental of buildings (up to 2025) Real Estate Development Manager Tax Waiver (ADM Exempted from income tax up to year of assessment 2020 (for 8 Status) management, supervisory and marketing related services) Tourism, Logistics, Healthcare, Creative, Financial and GBS, and 9 Six Services Sector Special Tax Incentives (IDR Status) Education Economic Planning Unit (Property Acquisition No restrictions on foreign capital, repatriation of capital and equity in 10 Guidelines) business ventures 11 Duty Free Vehicle Duty free car for each foreign knowledge worker 12 Real Estate Bumiputra Waiver No sales quota to Bumiputras Residential: 50% end-user product to be sold to Malaysians 13 Real Estate Local/ Foreigner Quota Waiver Commercial: 80% end-user product to be sold to Malaysians 14 Low Cost Housing Waiver No low cost housing requirement (40% elsewhere) 15 2. Unique Master-Planned Smart and Green City in CBD Development A) Ecosystem Enhancement (1/3) 1 2 3 Pondok Polis New Entrance Statement Central Park 4 5 Bus Stop Signage Photo Point - #MEDINI 16 2. Unique Master-Planned Smart and Green City in CBD Development A) Ecosystem Enhancement (2/3) 6 7 8 5 New Guardhouses 2,000 Trees Security Enhancement – Auxiliary Police 9 10 11 B18 (3.51 Ac) B76 (2.62 B8 (1.87 Ac) Ac) F&B Gourmet Street Petrol Station 2,200 Open Carpark Bays 17 2. Unique Master-Planned Smart and Green City in CBD Development A) Ecosystem Enhancement (3/3) 14 Park Connectors Medini Bike - Phase 1 ‘Cycling Route’ Mini pit stop, directional signage and road markings on site 18 2. Unique Master-Planned Smart and Green City in CBD Development B) Green Iskandar Puteri – Building a green, connected economy (1/6) Green Iskandar Puteri Our Vision To create a sustainable “Green Living” that provides good facilities and amenities of international standards to the community. Green Economy Community Environment Vision Where low carbon growth Participation of the local Improvement to the quality of resulted in resource community including work the environment, biodiversity Elements efficiency and social force, surrounding and green spaces inclusivity residents, educational institutions and government agencies 19 2. Unique Master-Planned Smart and Green City in CBD Development B) Green Iskandar Puteri - Parks (2/6) 46 parks over 342 acres Main Parks and Green Linkages Leading the Way A8 B1 A2 A1. Adventure Park A1 in creating a A2. Botanical Park A6 A3. Central Piazza B3 Sustainable Lifestyle A4. Edible Park B4 A3 A5. Heritage Foret A7 We commit to create a sustainable “Green City” A4 A6. Children Park A5 that provides excellent and comfort facilities and A7. Park Connectors B5 amenities for working, learning and living of A8. Pedestrian Boulevard international standards A9. Public Arts B1. Mahkota Park (BCB) A8 B2. Emerald Lake (Sunway B3. Lakeside (UMLand) B4. The M Park (Macrolink) B2 B5. Pinewood Lake A1 Ongoing/Enhancement A7 New Projects 20 2. Unique Master-Planned Smart and Green City in CBD Development B) Green Iskandar Puteri - Parks (3/6) Medini Green City Initiatives Central Piazza Located in the center of Medini, also known as Plaza Utama – this vibrant park has become a focal point for Medini community activities and meeting place. Launch of Adopt a Park “Hutan Kita” programme on 26 May 2016 by Tun Jeanne Abdullah, Advisor of Landskap Malaysia, in collaboration with IRDA and MPJBT. 21 2. Unique Master-Planned Smart and Green City in CBD Development B) Green Iskandar Puteri - Parks (4/6) Medini Green City Initiatives Heritage Forest Urban Farming @Edible Park - where edible landscape is presented in various formats – inspirational design and Wilderness, green heritage-native and local flora, ethnobotanic- lifestyle, educational workshops that encourage growing culturally relevant flora to local communities. Most part of the park sustainable food at home and farm to table experience that is a gentle hike along its periphery. encourages support of local produce and sustainable farming. Trails upwards are more challenging and through more dense planting