imagine genting fox theme park visitor like tokyo disney, later first world hotel rate also hike to rm200 per night, family or group sure look for bigger unit with cheaper price.

still got place????

Yes. Good question

I am wondering even there is a supply up there,
But the infrastructure just couldn't cater for it.
Genting already started to examine all these third parties development in term of water, electrical and sewerage supply and demand impact to their overall master plan.
The more the restrictions, they higher the property value will be channelled to end buyers.

Anyone here received their GRR?

Anyone here received their GRR?

2022

Not yet. depend on how many year 7% return you used for first payment. It calculate start from VP and after VP. 6 months renovation or tenure starting.

Of course. Instalment start as follow the progression phase. Until VP, developer will need your bank to pay full 95% money. The renovation will start after VP. It last for 6 months.
So, Ion majestry, to be frankly speaking, (If you loan 80%, Use 1 year 7%GRR). You only receive your second time GRR on:
If:
Building period: 2009 Jan- 2022 Jan. (contract 3 years after you sign S&P)
VP - 2022 Jan
Tenancy start: 2022 Jun
2nd GRR will be pay out in quarterly basic: 2023 Sept.

It is too far away in future to say whether you still able to receive GRR or not. Why not you just buy the existing Ion Delemen unit?
It is more faster. You know, investment has to be faster. When people lost first interesting point on this project, you will lost earning money chances.

Lelong unit check in at 2nd re-auction price.
Foreign owner.

E7-23-09, 23rd Floor, Tower 7, Ion Delemen
Reserve price🔥🔥RM 801,000🔥🔥
988sqft
Auction: 14-Dec-2018 (Fri)
E7-23-08, 23rd Floor, Tower 7, Ion Delemen
Reserve price🔥🔥RM 702,000🔥🔥
868sqft
Auction: 14-Dec-2018 (Fri)

Interesting auction unit.
This bank no cover all outstanding.
And still got outstanding amount to developer. 89k as per the video below. Probably buyer stop making progressive payment and bank also didnt release the final few stage payment to the developer.

Like that also fight. Market value 900k?
5 bidders. Sold at 660k. Higher than last month reserve price. Winner seems happy and satisfied with the price.
Buyer market is certainly back.

You owner too ?

Only owner will know. 

Not suggest to buy, earlier Ion delemen investors been asked to forfeit certain duration of GRR

Dude....a lot of ppl living very close to casino for a long time there already, mostly at half hill and some uphill doing small business on and off
Inside casino playing few hundred thousands per hand is like pocket change je.....to them it's past time , in Malaysia there are a lot of filthy rich ppl around

Dude.,I'm not taking about gambler la.....
I visit casino like almost everyday so being approached
There is 3rd party
-Financial service provider like currency exchange, loan, pawning
-service provider like  room accomodations, Genting membership upgrading,

4 active lelong units in the market at the moment.
At 3rd round and 4th round auction.
All still above 1M reserve price. 

Those likely bite by GRR which unfortunately non payable during C19