My take on the project and the concept:

I stay in PD and feel that although there has been quite some development in recent years, such as the PD Waterfront project (with names like McDonald already in operation with Starbucks and Kenny Rogers coming soon), I still feel that it will be hard for these type of investment (GRR for hotels/resort).

Chances to flip is very hard as the market is very small, especially if you are looking at PD itself. And if the contract is not renewed after the first 3 years, what are you going to do?

Bear in mind, its 3+3+3, that means the 2nd 3 year contract renewal is subjected to the 1st 3 years operations. Will you be able to sell it after that? If no, then you would have to rent it out on your own. For a resort/hotel, that means you will be very busy as interested parties would most probably be short term guest (a few days only).

You would be lucky if you get a guest that wants to rent for more than 3 days (what's there in PD?!?!?)

While the returns for a short term/daily rental might be ok, it will also be very time consuming and energy sapping. Unless you have a few units, and also a maid to do the daily housekeeping once guest check out, I would prefer to avoid such investments.

There are many GRR schemes in Port Dickson (most of the resorts/hotels are sold based on this scheme) and a handful of them only are barely surviving, others are close to being dead.

Thank u for kind sharing 

At least your friend know jialat.

My friend still think good deal.

Already hinted him but he still very excited, what to do.

Don't want push too hard lah later he become angry then no more friend.

Yeah, agree on that. Since he/she has already committed, no point still trying to bring up all the risk and cons of the project. Rather, it's always about moving forward. Afterall, whether a property investment is acceptable or not depends on individual preference.

If he/she is comfortable with it even though there is minimal capital appreciation or not much liquidity, then good for him/her.

I had put in RM5k for them as booking fee.
Now, i see all comments...
Help pls !

Best to seek a full refund then. If got small admin fee, then just let them have it. This project is really very risky, from my personal evaluation. Better to be safe than sorry.

I had cancelled it. They wanted rm300 as their admin fee.
Many thanks to you and all.

anything near beach sure die. due to islam malaysia law. no sexy bikini girl, all balut balut, no nice drinking place near beach. no pet/dog beach.. no nice activity or sport. without all sure jialat. some more lagi if ada hudud law lagi jialat.

invest in west peninsular malaysia near beach sure die kau kau 200%. all beach look low class and dirty. no nice hot girl scene. beach never preserve nicely.

From your summary.........looking at it....nice place for those 60 70 ages....

I had cancelled it. They wanted rm300 as their admin fee.
Many thanks to you and all.

And more importantly, on the developer:

Splash is developed by TANCO HOLDINGS BERHAD. So far, for the past 3 quarters for Financial Year 2013, the company has been making a loss of RM10million!

To make things worse, this company was once a PN17 (financially distressed) company few years back.

http://www.thestar.com.my/story.aspx?sec=b...iness%2f8760719

http://www.propertyguru.com.my/property-ne...ater-theme-park

Please do your due diligence before investing in this project.

For me, it is not feasible at all since the concept is hard to sell and it is a product of a very problematic company.