wow thats nice...how much is it? any rental yield??

for the 1st 3 years GRR will be 7%. Third year onward will be profit sharing basis 70% for owners and 30% for the company. The profit sharing is the time when the owners can expect a good return. I visited their early phases which is known as ion delemen. The hotel is doing really good and fully booked on the weekend. Ion Majestic expected to perform better because the company is learning from problems and complaints that they faced on the earlier phases. I personally think this will be a good investment portfolio . If anyone interested to know better you can PM me, i can intro u my agent. Such a knowledgable and convincing guy.

ion delemen and majestic will be the only hotel on top of the hill other than the RWG hotels. The rest development is focus at goh tong town.

Where is the source of water supply for these 2 places?

Not sure abt that but should be frm the same place where the RWG getting their water. None of the client of Ion Delemen complained on water shortage till now.

Water is scarce at Hill top, genting is unlikely to share with third party.

I got info frm unofficial party that genting and NCT had agreement on the land. None of other developer will be granted permision by Genting to developed project on hill top. I think NCT as a reputable company will worry more on the water supply than us as a buyer. Surely all the basic elements will be sorted before they started the construction.

Source of water supply is not developer's control. After vp, water supply is no longer developer responsibility.

This post has been edited by icemanfx: Apr 26 2018, 04:59 PM

Maybe from this reservoir.

3.435152, 101.805359

Sure or not

Based on wikimapia. Beside reservoir got building has been labelled as Water Treatment Plant.

This post has been edited by langatian: Apr 26 2018, 06:59 PM

Developer is also acting as management party for Ion Delemen. Sure water supply will be their main concern because it is essential to run the hotel.

if just want to stay up on the hill, there are apartments that are a lot cheaper

That is a private water treatment plant.

Management company is almost always a separate entity. For reasons, existing apartments are often short of water supply.

[quote=Johnleong1113,Apr 24 2018, 01:08 PM]
[quote=Inther,Apr 23 2018, 11:04 PM]
How much you bought? Is there any hidden cost?

[/quot
550k s&p price ...

[/quote]

Thanks for your reply. 550k for 380 or 400 sqft?

I just heard about the project yesterday when I was walking around the mall in Penang. Bought Ion D Element .. considering Majestic now.

Certainly the road condition should be improved. My whole family was very scared during the drive to the current site. I remembered there was supposed to be a plan to get a cable car access from the site to First World? hmm probably i mistaken it for another spot.

money will always have a say over promises.

the first few years no problem due to GRR. It's later, after the 5-7 years, when the real test of your investment comes.

most important is sustainability over the long term. 10-20 years.

ok..what is GRR? if the return is 7% is consider good already since some say in KL rental yield around 4% is good..
so weekend only fully book? is it enough to cover the cost for the weekday?
me no la..no $$$$ even to pay deposits

wow consider the location is away from KL..still on the high side right??..KL downtown only fetch around 1K but some other places like ara damansara can fetch around 800++...don't know how they evaluate the per sqft price...

Selling price includes grr payment, hence is high.