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> Ion Majestic Genting Highland, Property Investment Investment

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leodinouknow
post Nov 11 2018, 01:58 PM

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QUOTE(kenyl @ Oct 22 2018, 12:13 AM)
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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now offer, solve your 70% margin loan issue


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corleone74
post Nov 28 2018, 09:47 AM

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Fox theme park cancelled and under litigation in the US.

that's the problem with buying off plan and hoping for future major infra. things get cancelled.

same as those buying ishkandar near the HSR.

xMika
post Nov 29 2018, 08:47 PM

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QUOTE(lmchnyp @ Nov 1 2018, 04:43 AM)
Developer cash flow are not running well. UOB and RHB are stop getting end financing. That’s scary 😨
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Please dont share wrong info. RHB and UOB loan amount quota for this project already all used up, gave out loans to buyers. Not stop financing.
icemanfx
post Nov 29 2018, 09:05 PM

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QUOTE(xMika @ Nov 29 2018, 08:47 PM)
Please dont share wrong info. RHB and UOB loan amount quota for this project already all used up, gave out loans to buyers. Not stop financing.
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What is the quota? Unusual for two Banks to used up quota before fully sold out.

This post has been edited by icemanfx: Nov 29 2018, 09:46 PM
michaelchang
post Nov 29 2018, 10:22 PM

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QUOTE(icemanfx @ Nov 29 2018, 09:05 PM)
What is the quota? Unusual for two Banks to used up quota before fully sold out.
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Quota are different for every project.

Bank has risk assessment panel to determine the risk of projects.

The higher the risk, the less loan will be given to the project.

This project is in the high risk category as it's overpriced and buyer may default in the future
nexona88
post Nov 29 2018, 10:49 PM

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Huhuhuhu..
Good luck...
Without theme park.. How to survived??


Syahrim Naim
post Nov 29 2018, 11:28 PM

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When you are banking on 1 industry, you are putting your neck on the gallows.
warface
post Nov 30 2018, 09:18 AM

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the facilities look stunning. will try out the airbnb when its ready wink.gif
xMika
post Nov 30 2018, 05:00 PM

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QUOTE(icemanfx @ Nov 29 2018, 09:05 PM)
What is the quota? Unusual for two Banks to used up quota before fully sold out.
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There are 5 panel banks, RHB, UOB(70% financing) , MBSB, and other 2 i forgotten

Dont have to be fully sold out only can use up quota. Allocated budget for this project depends on a few factors considered by the banks.
fedrick09
post Dec 24 2018, 11:56 PM

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I am going to view the show house in Feb and stay at ion delemen to experience it before making the booking.
icemanfx
post Dec 25 2018, 05:03 AM

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QUOTE(fedrick09 @ Dec 24 2018, 11:56 PM)
I am going to view the show house in Feb and stay at ion delemen to experience it before making the booking.
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Visit during peak season is different from other time.
warface
post Dec 25 2018, 11:52 AM

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QUOTE(fedrick09 @ Dec 25 2018, 12:56 AM)
I am going to view the show house in Feb and stay at ion delemen to experience it before making the booking.
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share ur exp with us ya biggrin.gif
Jettan
post Jan 15 2019, 01:26 PM

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Hi ppl. I just book a unit. going for loan.
Any update or news on this development
braderizwan
post Jan 22 2019, 05:55 PM

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I just stayed at ion delemen last weekend and it was packed. Facilities, food are good.
Talked to the staff and they said weekend normally full. Weekdays is a bit manageable.

Went to the show unit as well but didnt manage to talk to the agent as they were occupied with other people and I need to rush coming back to KL. But the 484k unit all sold out edi. Cheapest now is 500k and above.

This post has been edited by braderizwan: Jan 22 2019, 05:55 PM
michaelchang
post Jan 22 2019, 08:19 PM

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good try! no matter how u try to advertise this project the result will still be the same

in years to come, it will be empty and haunted like the rest of the apartments
nexona88
post Jan 22 2019, 08:21 PM

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484k units sold out? Seriously 😏
mangoproperty
post Jan 22 2019, 11:57 PM

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QUOTE(braderizwan @ Jan 22 2019, 05:55 PM)
I just stayed at ion delemen last weekend and it was packed. Facilities, food are good.
Talked to the staff and they said weekend normally full. Weekdays is a bit manageable.

Went to the show unit as well but didnt manage to talk to the agent as they were occupied with other people and I need to rush coming back to KL. But the 484k unit all sold out edi. Cheapest now is 500k and above.
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WHats the size ?
n_minie
post Jan 23 2019, 12:30 AM

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QUOTE(michaelchang @ Jan 22 2019, 08:19 PM)
good try! no matter how u try to advertise this project the result will still be the same

in years to come, it will be empty and haunted like the rest of the apartments
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Weekend is indeed full. I've personally experienced it myself. I guess if the managed it properly am sure it will do well. Anyway location is still at the mountain top which is an added advantage
icemanfx
post Jan 23 2019, 02:07 AM

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QUOTE(n_minie @ Jan 23 2019, 12:30 AM)
Weekend is indeed full. I've personally experienced it myself.  I guess if the managed it properly am sure it will do well. Anyway location is still at the mountain top which is an added advantage
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Rental income from weekend alone won't be enough fo cover loan repayment.
nexona88
post Jan 23 2019, 08:12 AM

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QUOTE(icemanfx @ Jan 23 2019, 02:07 AM)
Rental income from weekend alone won't be enough fo cover loan repayment.
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Agreed..
Weekday & off holiday season also needed to contribute... If not really cannot cover...

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