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Investment Ion Majestic Genting Highland, Property Investment
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icemanfx
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Aug 5 2018, 08:09 PM
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QUOTE(machoman88 @ Aug 5 2018, 08:04 PM) Some photos from my recent stay, quite disapointed, definately not 5 stars standard, 3.5stars max [attachmentid=9955383] [attachmentid=9955384] [attachmentid=9955385] [attachmentid=9955386] [attachmentid=9955387] Tiles floor, must be cold to walk at night and early morning.
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n_minie
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Aug 5 2018, 11:29 PM
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QUOTE(machoman88 @ Aug 5 2018, 08:04 PM) Some photos from my recent stay, quite disapointed, definately not 5 stars standard, 3.5stars max [attachmentid=9955383] [attachmentid=9955384] [attachmentid=9955385] [attachmentid=9955386] [attachmentid=9955387] This hotel is not rated 5 star ler. Suppose to be a 4 star hotel
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blacktrees
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Sep 9 2018, 03:24 PM
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New Member
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QUOTE(Hofmann33 @ Apr 11 2018, 10:26 PM) Haven't made a booking but here's my thoughts and some information on the project. https://blog.rentandreturns.com/hotel-prope...nt-in-malaysia/Hope this helps! Hi I read your post you said the rebates are 12%+2% But my agent told me is 10%+ 2% Can you confirm this?
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thongyj93
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Sep 9 2018, 03:29 PM
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Getting Started

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QUOTE(machoman88 @ Aug 5 2018, 08:04 PM) Some photos from my recent stay, quite disapointed, definately not 5 stars standard, 3.5stars max [attachmentid=9955383] [attachmentid=9955384] [attachmentid=9955385] [attachmentid=9955386] [attachmentid=9955387] I always stay in grand ion deleted every time I go to genting. For me is all good, I’m satisfied with the hotel
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Hofmann33
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Sep 9 2018, 07:23 PM
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Getting Started

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QUOTE(blacktrees @ Sep 9 2018, 03:24 PM) Hi I read your post you said the rebates are 12%+2% But my agent told me is 10%+ 2% Can you confirm this? Perhaps the deal has changed. My info was given to me for phase 1. Definitely was told 12% + 2%.
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blacktrees
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Sep 10 2018, 01:46 AM
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New Member
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How about the rest of the buyers?
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chris1019
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Sep 18 2018, 11:10 AM
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New Member
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QUOTE(michaelchang @ Aug 1 2018, 01:56 AM) Not much potential, only good as vacation house investment wise, STAY away  Hi, y it's not good if as investment? Do u mean re-sell value will not good? Sorry, I'm new in property investment Actually I pretty interested in this project... Any advice? Thanks
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spacelion
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Sep 18 2018, 01:47 PM
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QUOTE(kkkw80 @ Jun 21 2018, 07:58 PM) I'm giving this a miss, too much risk involved and too near haunted Amber Court to my liking. Haunted? Have you been near Amber Court recently? the place is bustling with immigrant workers. Almost all the construction kuli working in Genting live there. I think all the ghosts also have been frightened away.
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n_minie
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Sep 18 2018, 02:22 PM
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QUOTE(chris1019 @ Sep 18 2018, 11:10 AM) Hi, y it's not good if as investment? Do u mean re-sell value will not good? Sorry, I'm new in property investment Actually I pretty interested in this project... Any advice? Thanks I think this is not bad too.. during bad times... tourism will still be there. The occupancy rate in the current ion delemen also not bad. Been there during weekend and weekday. Weekend is fully booked. Weekday is not too bad but u do see company hosting events and meeting there. Wyndham grp is indeed an experienced hotel management. So if they can continue to manage I think this will do well. The only downside is the location is not as great as the roads leading to the hotel is a bit on the narrow side. The existing ion delemen owners are already getting their % . But of course everything also have risk. If u want a hassle free then can consider this proj.
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michaelchang
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Sep 18 2018, 08:45 PM
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QUOTE(chris1019 @ Sep 18 2018, 11:10 AM) Hi, y it's not good if as investment? Do u mean re-sell value will not good? Sorry, I'm new in property investment Actually I pretty interested in this project... Any advice? Thanks Overprice for investment, rental return guarantee is for short term, after that sell cheap cheap also nobody wants.. Look at some of the older apartments at genting. Will u buy those even it's very cheap?
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n_minie
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Sep 18 2018, 10:02 PM
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QUOTE(michaelchang @ Sep 18 2018, 08:45 PM) Overprice for investment, rental return guarantee is for short term, after that sell cheap cheap also nobody wants.. Look at some of the older apartments at genting. Will u buy those even it's very cheap? If u r talking about the ugly amber court.. heard ada ready buyer because they r buying to let their staff stay. For ria appartment also have pl buy because business is good. Unfortunately not many pl want to sell . Doing airbnb. Really need to talk to those players in genting to find out. Already 2 to 3 pl tell me theyknow pl who onwed few units in genting and makING $. Difference between other old appartment is the mgmt issue.. if jmb no good.. not only genting. . Any appartment in kl also sell cheap cheap no body wants. Looking at the newly vped units in kl.. who is making $$ or can cover installment?
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michaelchang
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Sep 18 2018, 11:50 PM
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QUOTE(n_minie @ Sep 18 2018, 10:02 PM) If u r talking about the ugly amber court.. heard ada ready buyer because they r buying to let their staff stay. For ria appartment also have pl buy because business is good. Unfortunately not many pl want to sell . Doing airbnb. Really need to talk to those players in genting to find out. Already 2 to 3 pl tell me theyknow pl who onwed few units in genting and makING $. Difference between other old appartment is the mgmt issue.. if jmb no good.. not only genting. . Any appartment in kl also sell cheap cheap no body wants. Looking at the newly vped units in kl.. who is making $$ or can cover installment? Since u say it's so good, hope you have bought a few units
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chris1019
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Sep 19 2018, 08:25 PM
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New Member
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Seriously I still ding ding dong dong.... I dono should buy or not... Haha
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n_minie
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Sep 19 2018, 09:23 PM
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QUOTE(chris1019 @ Sep 19 2018, 08:25 PM) Seriously I still ding ding dong dong.... I dono should buy or not... Haha Trust your instinct. This forum is good for info sharing but it's really individual opinion. Managed to book a unit.
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kenyl
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Oct 21 2018, 11:13 PM
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New Member
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Hi, just to ask, if this is for 3rd property, max loan is up to 70% only? meaning that i have to get ready for 20% cash right (10% rebate)?
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Lennox Tan
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Oct 24 2018, 12:41 AM
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Getting Started

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QUOTE(kenyl @ Oct 21 2018, 11:13 PM) Hi, just to ask, if this is for 3rd property, max loan is up to 70% only? meaning that i have to get ready for 20% cash right (10% rebate)? Yes u r correct, u have to get ready for 20% cash for the 3rd property.
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lmchnyp
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Nov 1 2018, 04:43 AM
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New Member
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Developer cash flow are not running well. UOB and RHB are stop getting end financing. That’s scary 😨
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Hofmann33
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Nov 1 2018, 06:22 AM
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Getting Started

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QUOTE(n_minie @ Sep 18 2018, 10:02 PM) If u r talking about the ugly amber court.. heard ada ready buyer because they r buying to let their staff stay. For ria appartment also have pl buy because business is good. Unfortunately not many pl want to sell . Doing airbnb. Really need to talk to those players in genting to find out. Already 2 to 3 pl tell me theyknow pl who onwed few units in genting and makING $. Difference between other old appartment is the mgmt issue.. if jmb no good.. not only genting. . Any appartment in kl also sell cheap cheap no body wants. Looking at the newly vped units in kl.. who is making $$ or can cover installment? Amber Court is an absolute dump. The place is a complete mess. I dunno about Haunted but there are some videos of people exploring the development and it is in super bad shape. Ria Apartments have just recently had a new coat of exterior paint so i'm not sure if they have done up the rest of the place. Know it was in terrible shape some time ago but perhaps new owners have decided to fix it up. I'm not sure but the new coat of paint makes it look decent from the outside. But for me I really like Genting, I think the whole area is only gonna get more and more popular.
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InvestThing
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Nov 1 2018, 09:33 AM
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Getting Started

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Pretty decent place. But the reception counter has to improvise. They do not have the capacity to deal with crowd during peak season. Same goes for their Kembali restaurant.
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zL.o8
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Nov 5 2018, 04:54 PM
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New Member
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Any available units? Do PM me.
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