I wander how self individual operator airbnb owner gonna work here.
As I think already being monopolized by the management who took up units in bulk and run as hotel concept. Just a simple check on this weekend rate (26 Jan 2019):

Airbnb units rate for studio room at RM400+ not yet include the service charge / cleaning fees and no breakfast.
Hotel concept rate for the same size room (studio) is only RM330 include all taxes already and come with free breakfast for 2.

Of course but weekdays they do have occupants too from corporate events & functions. Not forgetting tourists. Don't forget Genting is indeed a very touristy place.
Other hotels in kl are also the same. Can't only rely on hotel rooms to generate income.

u have valid point..
but not always have from corporate events & functions.
tourists especially from China is getting less nowadays... seems like there's some dropped in numbers...

The question is what are the numbers?

It seems, currently there are over 20 hotels (4,5 star) in KL & pj are for sale. If hotel income is great, owner is unlikely to place in the market.

so many up for sales..
was expecting few only

Asking price are not financially feasible for hotel operation.

This post has been edited by icemanfx: Jan 23 2019, 01:23 PM

well it's expected since owners sure want to sell at premium pricing

Ion majestic this project still on-going? can anyone share some site photo? already start some construction work or not?

The project is still ongoing, site is just next to Grand Ion Delemen Hotel.. understand from SA that it is currently in pilling stage.. will try to take some pics when i visit again.

How's the sales so far ?

Fully sold out but have loan rejected units.

Sure or not fully sold out. Total units more than 1k, last year only launch , so fast sold out?

If there is WhatsApp let me know too.

i'm interested to know what's the exit plan of this property

Interested to know too

Any update on this project. Seems so queit lately

I'm created Facebook owner page "Grand Ion Delemen Owner Club"
for whatsapp, can you create new group then invite us to join?

My bank already release around 25% of money to the developer since last week.

Good new, Genting outdoor will be open in year (2021) 1st quarter.

This post has been edited by frankie1336: Jul 26 2019, 08:22 AM

It seems that this particular project very hard to get loan. Waited 2months for 70% loan still no ef. Finally gave up 😅😅.