Incidentally, I am quite familiar with Malacca too since I travel there every week, for work related stuff.

Malacca's property scene is much more active, with more volume. I am guessing you are referring to Straits Residence? My response will always be, 'What's next once you get back the property?' or 'What's next if they don't extend the contract anymore?/Only for the first 3 years?'

Worth to highlight that it will be a real challenge to handle it on your own, especially if the rent is for short term only/a few days. The high ROI (6%) that developer is offering is based on the daily rental model, which will yield higher returns but at the same time, take much more effort since there is housekeeping and so on.

Unless you have a few units and have the time, and also a maid, I think it's better to look at other opportunities, it's just not worth the hassle, in my opinion. Market/demand for rental will be there, but are you up to it to do the dirty work on a daily basis?

Meet guest, collect deposit, record details, pass to them the keys, collect back keys, check suite condition, do housekeeping.
That's one complete cycle.

Bro or sis, I'm also put 5k deposit already. But after read a lot comment on this project, start worry jor....can you share how to request refund? Where you place your deposit? I'm place on Aeon Kepong.

I place my booking on 19/9/14 but until this week only got banker contact me for loan application. Also, the sales representative or lawyer didn't contact me at all for S&P arrangement, seems like unnormal. According my understanding, this project is manage by Impiana Hotel, within the 3+3+3 years, rental will pay based on 7% purchased price, no matter rent it out or not. Means that we no need worry the rent issue. Also, now the developer is Palm Spring right? Not Tamco....please correct me and give me more advice....many thanks to all sifu...

Bro or sis, I'm also put 5k deposit already. But after read a lot comment on this project, start worry jor....can you share how to request refund? Where you place your deposit? I'm place on Aeon Kepong.

I place my booking on 19/9/14 but until this week only got banker contact me for loan application. Also, the sales representative or lawyer didn't contact me at all for S&P arrangement, seems like unnormal. According my understanding, this project is manage by Impiana Hotel, within the 3+3+3 years, rental will pay based on 7% purchased price, no matter rent it out or not. Means that we no need worry the rent issue. Also, now the developer is Palm Spring right? Not Tamco....please correct me and give me more advice....many thanks to all sifu...

This project seems like restarting again...

Wonder what is the opinion on this project with GRR 7% for 9 years...

About 300 units sold already, balance 100+ units.

This project seems like restarting again...

Wonder what is the opinion on this project with GRR 7% for 9 years...

About 300 units sold already, balance 100+ units.

I recently drove by the Spash park project site when I stayed at the hibiscus resort and I can see that there is active construction going on. I think this project will be absolute fun for the kids when completed. I mean, which kid (including big ones like me haha) wouldn’t like a day at a water theme park, right? It should be awesome!

So after that i did a bit of digging around and had ​a look at their masterplan. If they got lots of landbanks under them in PD, then it is in their interest to make sure the that the project will be completed. And from the construction, it seems to be moving along briskly. Anyway, hibiscus has so much business now I'm pretty sure they’ll also want a piece of the pie  lol

Stay well and have fun, friends

Got picture update..

Curious to know..

Didn't manage to snap pics.. MIL and wifey having argument in the car so was busy being entertained lol

Their website should have though.

I recently drove by the Spash park project site when I stayed at the hibiscus resort and I can see that there is active construction going on. I think this project will be absolute fun for the kids when completed. I mean, which kid (including big ones like me haha) wouldn’t like a day at a water theme park, right? It should be awesome!

So after that i did a bit of digging around and had ​a look at their masterplan. If they got lots of landbanks under them in PD, then it is in their interest to make sure the that the project will be completed. And from the construction, it seems to be moving along briskly. Anyway, hibiscus has so much business now I'm pretty sure they’ll also want a piece of the pie  lol

Stay well and have fun, friends :)

Recently Property Hunter Group just come over to Sandakan, Sabah to promote this property investment & I did make a booking fee of RM3,000.00 on 30 Apr17.
The sales person told me that block 1 near the water theme park being full book & sold out to China invester. So I book 19th floor on the Center Block which 1-18 floor being 95% occupied. The developer TANCO tracking record also not positive & the project being running slow as per Splashpark website posted.
I need all your advice & feed back for further action.

If this project response is as overwhelming as described, the developer need not promote 2000 km away.

I recently drove by the Spash park project site when I stayed at the hibiscus resort and I can see that there is active construction going on. I think this project will be absolute fun for the kids when completed. I mean, which kid (including big ones like me haha) wouldn’t like a day at a water theme park, right? It should be awesome!

So after that i did a bit of digging around and had ​a look at their masterplan. If they got lots of landbanks under them in PD, then it is in their interest to make sure the that the project will be completed. And from the construction, it seems to be moving along briskly. Anyway, hibiscus has so much business now I'm pretty sure they’ll also want a piece of the pie  lol

Stay well and have fun, friends

pd, gd luck.