Second or country home is normally or should be different from city dwelling. high rise is less appealing.

Wrote a piece about Genting property here.

https://blog.rentandreturns.com/best-area-f...aysia-for-2018/

Let me know what you guys think and if you agree or disagree.

Thank you for writing the article and being honest owning Ion Delimen and MeatHill (pls allow my typo)...
I had a few questions in hope for your honest answers, as follow..

1) Quoting the paragraph that contained
"The next column shows the size of the unit, followed by the cost per square feet. If you compare these numbers to what you would be paying for something around KL city center, (or even around outer KL itself) you’re looking at prices which are significantly lower."

The bold text required some explanation

In outer KL, excluding auction units, some newly launched non-lumahwip projects within 1km to MRT/LRT stations are having similar installment and/or psf. Not promoting but just randomly quoting examples like Masim Majestik(Leasehold), Anes(Freehold)etc. Some AK projects (100% in KL) are having attractive price also.


2) Wonder if you could provide how many new rooms and total rooms available by Geting itself. For members, they are given free units from time to time.
Most people are interested at the peak and/or GPO. But area like GotongJaya required shuttle service or additional driving to reach either the peak or the cable car station.



3) To-date, not all of the 4 mentioned projects are fully sold over a long period, per KPKT idaman2 site. (Yup..some are getting less unsold units from time to time.) So which project are you recommending?

https://forum.lowyat.net/topic/3379711/+82


4) Would you consider nearby Bkt Dinggi earthquake a factor to invest highrise at Geting?


5) Outside the topic, on GRR of Ion, how long will the GRR last?
Heard the West company also pulled out.

Thx.

Hi, thanks for your comments!

1) Yes, I agree with you, perhaps I should have made my statement more closed and left out 'Outer KL'. Or said that those in outer KL were able to match these prices. I would say though, that I think that majority of the projects out there are higher priced.

2) It is true that guests are given free rooms and that people do like to stay at the hilltop. But with the amount of visitors and the fact that they are already close to full capacity throughout the year I think that there will be a spillover and there's a demand for units near Gohtong. Also, First World Hotel is a pretty crappy hotel (not sure if you've stayed there before) and it represents about 80% of the units there. The residences do provide shuttle buses to GPO (i am not sure of the frequency however).

The number of rooms run by Genting are listed below.
First World - 7531
Maxim - 845
Genting Grand - 422
Resort Hotel - 835

3) Personally my favourites were Vista Residences and Midhills. We did not act fast enough for Vista and as such only the larger rooms were left when we were ready to make a decision.

Did not particularly like Windmill due to the large number of units and high price and Geo38 were not offering an interesting package.

4) No I do not believe that this is anything to be worried about. I feel that the tremors are far too mild for them to have any effect on the area. I have not studied the area in-depth but from what I understand any reopening of fault lines is incredibly unlikely. (I have a BSc in Geology and worked as a Geologist previously) This does not make me an expert and I could definitely be wrong but I would say I understand enough to invest there and go up to Genting without being worried about it.

5) The current signed agreement for the GRR at Ion will last 3 years following which it will become profit sharing for the next 2 years.

Hope that helps! Let me know if you had any other questions.