IIB is the registered proprietor of approximately 2300 acres of land in Medini which is developed under the Medini Lease Scheme.
IIB is the registered proprietor of approximately 2300 acres of land in Medini which is developed under the Medini Lease Scheme. Under the Medini Lease Scheme, leases are granted by IIB to third parties known as Master Concessionaires Lease Developer (MCLD) or Subsequent Layer Investor (SLI) or Joint Venture Companies.
a. Certificate of Notification (“CN”).
b. Letter of Consent from Proprietor for Transfer of Lease and Creation of Charge on the lease for strata and non-strata development (“LOC”).
c. Letter of Confirmation as Second Layer Investor (“SLI”) to purchase lease on the land.
d. Letter of Undertaking by Proprietor in relation to leases for issuance to financial institution (“LOU”).
IIB is the proprietor over freehold land in Medini while developers are registered lessee who has bought the lease from IIB and may develop the lease for residential or commercial developments purposes.
MCMSB is a subsidiary company to Iskandar Development Management Sdn Bhd (“IDMS”), which is wholly owned by IIB and MCMSB is acting as a collecting agent to collect fees payable under the Medini Lease Scheme.
Any payment must be made via online transfer to the following account details:
Beneficiary Name :Medini City Management Sdn Bhd
Account No :8001067351
Bank Name :CIMB Bank Berhad
Swift Code :CIBBMYKL
Bank Address :Lot C04-C05 Concourse Level, Petronas Tower 3, Suria KLCC Jalan Ampang, 50088 Kuala Lumpur
The tabulation of fees are as follows:
Certificate of Notification: RM 50.00 each
Letter of Consent from Proprietor for Transfer of Lease and Creation of Charge on the lease for strata and non-strata development: RM 500.00 each
Letter of Confirmation as second Layer investor: RM 500.00 each
Letter of Undertaking by Proprietor in relation to leases for issuance to financial institution: Free of charge
Courier cost for delivery of document (you may opt to self-collect the document from IIB office): RM10.00 per parcel
Consultation fee for the Medini Lease Scheme: TBA
1. MCMSB as collecting agent reserve it rights to amend the fee payable from time to time as and when necessary or instructed by the proprietor.
2. A separate fee will be imposed to the applicant in the event the applicant requires any re-issuance or amendment to the documentation due to negligence made by the applicant/ solicitors. The fee will be determined later.
3. Consultation fee will be imposed for a special request made by solicitors for explanation/discussion on the Medini Lease Scheme. The fee will be determined based on hourly rate.
Yes, you may reach us at firstname.lastname@example.org to set an appointment or to request any information pertaining to the scheme.
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Garisan Panduan Kebenaran Perolehan Hartanah oleh Kepentingan Asing dalam Medini 2014 approved by Pentadbiran Tanah Johor.
The FAQs is set out as a reference for general information on the Medini Lease Scheme. Should you have any issues or matter in relation to the scheme, please do not hesitate to drop your query to email@example.com for clarification.
Checklist for application of Certificate of Notification
Checklist Letter of Consent (Auction-One Bidder Only)
Checklist Letter of Consent (Divorce-One Name Only)
Checklist Letter of Consent (Original Transfer - Form 14A)
Checklist Letter of Consent (Sub-Sales)
Information and Checklist for Issuance Letter of Consent
Guideline for Property Ownership in Medini Area 2014
Guidelines for Issuance of Letter of Consent by IIB
Guidelines forSubmission of Online Applications (MCO POST MCO 2020)
Policies and Guidelines on Extension of Leases Over Lands within Medini ( 4 Feb 2014)
Prosedur Pendaftaran Pajakan Keatas Hak Milik Strata di Medini