Forgot to add ..

And a lot of bribery.....

GRR = RFF
Run Fast Fast

Historically, there hasn't been a shortage of rooms in genting highland. Rooms demand during peak period alone won't be sufficient to be profitable.

This post has been edited by icemanfx: Nov 18 2018, 04:32 PM

Agreed!!

Better dont get duped into grr... Dev aways win

And a good friend named TR.

This post has been edited by Hofmann33: Nov 18 2018, 05:55 PM

Don't have data for more recent years but 'historically' in 2014 and 2015, Genting reported overall occupancy of 90% throughout the year for its 4 hilltop hotels.

Think that's sufficient to be profitable.

Lulz..
Solo true 😊

90% sure or not? If is 90%, the difference between peak and off peak rack rate would be insignificant.

Historically also there wasnt any low cost no frill flights lah.

Check out data of tourist arrival to malaysia now compared to 20 yrs ago

Somemore social media is widely available now.

Like father like son????

What am i talking......stop it.

Genting know hotel rooms demands and unlikely to leave any meat to outsider.

If demand is strong and profitable, many hotel operators like Sunway, royal chulan, tune, etc would have built
n years ago, wouldn't leave opportunity to outsider like developers.

This post has been edited by icemanfx: Nov 18 2018, 10:47 PM

make no sense..

how are they going to build in genting where all the land there belong to genting?
genting is not cash trapped that need to sell parcel of the land to outsiders.

Ion delemen and ion majestic make sense?

I am a real estate negotiator here.
throughout the years i have refused to sell GRR projects based on following reasons:

1. inflated SPA price- the x years GRR comes from marking up your SPA price and using that additional money to pay you back.
2. usually the developer will setup another so called management sdn bhd company and sign the GRR agreement with you. anything happened, end up you will be suing the 3rd party company instead of developer
3. Usually the property with GRR are small retail lot or one hotel room. in the future if you would like to sell it off, think about this: who would want to buy a hotel room???

https://www.edgeprop.sg/property-news/somer...th%20returns%20

Sure its 90%?
Kinda hard to believe...
Also not forgetting... Peak & non peak season pricing also needs to considered 😑🙍

Is true, 95%occupancy as stated in pg.36 of their 2017 annual report.

oh wow..
not bad
no wonder always profit...

genting is known to give free accommodation to freeloaders.