Investment Ion Majestic Genting Highland, Property Investment
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 Apr 26 2018, 08:06 PM
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#1
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Junior Member
916 posts Joined: Sep 2016  
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QUOTE(montyashley80 @ Apr 24 2018, 08:57 AM) of course la staying up the hill.. if just want to stay up on the hill, there are apartments that are a lot cheaperwill it be more like a holiday resort or staying in?  |
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May 4 2018, 12:56 PM
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#2
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Junior Member
916 posts Joined: Sep 2016
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so far in Malaysia, GRR did not fulfill their promise, after a while, will stop paying.
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May 8 2018, 12:26 AM
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#3
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Junior Member
916 posts Joined: Sep 2016
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QUOTE(icemanfx @ May 7 2018, 11:12 PM) Comparing ion majestic with maxim?! Based on record, most of the old apartment in Genting so far very hard to rent out or find buyers. genting will build more hotels. how are current apartments performing in genting?  |
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May 24 2018, 10:06 AM
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#4
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Junior Member
916 posts Joined: Sep 2016
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so far, most if not all GRR project FAIL to make good of their promise..
It's almost like another timesharing scam |
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Aug 1 2018, 01:56 AM
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#5
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Junior Member
916 posts Joined: Sep 2016
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QUOTE(n_minie @ Jul 31 2018, 11:19 PM) Booked units. Most units especially smaller ones are almost snap up. Wanna know what's the potential of this place than the common grr. Psf also quite high.. Not much potential, only good as vacation house investment wise, STAY away  |
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Sep 18 2018, 08:45 PM
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#6
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Junior Member
916 posts Joined: Sep 2016
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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 Overprice for investment, rental return guarantee is for short term, after that sell cheap cheap also nobody wants.. Actually I pretty interested in this project... Any advice? Thanks Look at some of the older apartments at genting. Will u buy those even it's very cheap? |
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Sep 18 2018, 11:50 PM
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#7
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Junior Member
916 posts Joined: Sep 2016
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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. Since u say it's so good, hope you have bought a few units 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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Nov 29 2018, 10:22 PM
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#8
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Junior Member
916 posts Joined: Sep 2016
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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. 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 |
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Jan 22 2019, 08:19 PM
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#9
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Junior Member
916 posts Joined: Sep 2016
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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 |
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Jul 31 2019, 02:21 AM
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#10
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Junior Member
916 posts Joined: Sep 2016
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QUOTE(yhanlee @ Jul 30 2019, 04:13 PM) It seems that this particular project very hard to get loan. Waited 2months for 70% loan still no ef. Finally gave up 😅😅. Bank don't want to take risk on this overpriced property |
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Nov 5 2019, 10:50 PM
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#11
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Junior Member
916 posts Joined: Sep 2016
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Jun 20 2021, 05:23 PM
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#12
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Junior Member
916 posts Joined: Sep 2016
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So far all GRR did not fulfilled their obligation to pay.
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Jun 22 2021, 09:50 AM
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#13
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Junior Member
916 posts Joined: Sep 2016
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QUOTE(sochaiapk @ Jun 21 2021, 01:48 PM) After reading those comments from FB link posted above, I wonder how they can get court order to stop owner to sue them for delay in paying GRR. You could sue them, they will just declare bankrupt and close down company (standard practice in all GRR project)If u pay attention, all projects with GRR are registered under new company or subsidiary, never main board company Some go as far as appointing a management company to handle GRR. Whatever problems with delayed or non-payment are directed at the management company which can close down anytime. |
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Oct 16 2021, 09:43 AM
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#14
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Junior Member
916 posts Joined: Sep 2016
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Just went to stay at Grand Delemen Ion, The place is quiet nice but can see all the constructions on Ion Majestic
At night, this place is super quiet and being in such close proximity to haunted Amber court, makes the place pretty eerie strong winds at night will make howling sound and I was awoken around 2am by loud furniture dragging sound from the unit above Not a nice experience to stay alone at these place |
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