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Midi 'overwhelmed' by strong interest in new properties

MIDI has sold almost three-quarters of the new seafront apartments, just one week after they were placed on the market, chairman Albert Mizzi said today.

The 39 apartments form part of a block which is expected to be completed in March 2015.

Mr Mizzi was speaking during an on-site visit to the Q1 block of Economy Minister Chris Cardona and Parliamentary Secretary for the Economy Edward Zammit Lewis.

They were given a viewing of a show apartment designed by aoM Partnership, with the interior design entrusted to Martin Xuereb and Associates.

“The response we received from both local and foreign buyers for the recently released Q1 apartments has been overwhelming. MIDI had already sold all 281 units previously put on the market at Tigne Point and it is clear that the demand for quality property has not waned,” Mr Mizzi said.

Dr Cardona and Dr Zammit Lewis spoke about the government’s vision to attract both local and foreign investors to invest their money in such quality seafront apartments. They said this went hand in hand with other schemes such as the global residence scheme.

Dr Zammit Lewis said the government had already received five applications for this scheme in the few months it has been open, when compared to the previous High Net Worth Individual Scheme, which it replaced, which had attracted six applications in 20 months, two of which had been refused.

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