Hype on Medini remains despite confusion over status regarding RPGT

Afile picture shows the public viewing the model of Wellness developmen t project in Medini. Analysts remain positive on Medini and companies that have a presence there

PETALING JAYA: There is still much hype over the 902ha Medini township in Iskandar Malaysia on the southern tip of Peninsular Malaysia, despite the confusion over whether the township has been exempted from the new real property gains tax (RPGT) regime.

Despite the generally accepted view that the property market would be facing more headwinds due to the new RPGT rates, as well as an expected slowdown in take-up rates for new properties, analysts remain positive on Medini and companies that have a presence there.