Is there any GRR scheme?

GRR = Guaranteed Rental Return.

My friend who is in one of the associate company went today 3pm and he told me 90% already taken by staff. mostly all the units facing swimming pool taken. There was still another session at 6pm for VVIP's friends. Probably now only got leftover bones for us. I'm sorry guys.

This post has been edited by Cantalope: Aug 10 2012, 09:07 PM

The way I see it, there will be lots of lelong becoz when building is completed by 2015 for phase 1, there is NO MRT YET. Who's gonna rent there? A rent of >2.5k is beyond reach of many Malaysians. Unless you get rich foreigners to rent, but then again, if there are rich foreigners, might as well they rent some place closer to city for that price. Bottom line is, I dont see ppl flocking in to stay UNTIL the MRT is ready which is projected 2017, but knowing Government projects, its bound for delay. A better estimation is 2019 for the whole MRT line to be operational. So I dont really understand the buying frenzy for this project. Kiasuism ? Just my 2cents.

It's beyond spending power of majority Malaysians but probably a small portion of executives or expats would be your tenant market. Probably like Mont Kiara where big bosses keeps their mistresses.