Not at the mercy of genting like amber court?

Wonder where water supply will come from?

This post has been edited by icemanfx: Feb 11 2020, 08:46 PM

To my knowledge they are allowed.. Our Malaysia limitation is the min. Threshold price.. Hence the developer here Jack's up the price so they qualify to purchase. Keep in mind, there is overseas indivual investor and cooperate investors.

The completed project is ion delemen(ion majestic is under construction). Not sure of the actual occupancy, but before the corona virus issue.. Weekend is typically full.. And weekdays, studio units rates are around 250 to 300 per night (depending on which booking website or agency). I also took the chance to visit ion delemen last week, there were a few companies doing their team building / meetings there, hence the lobby area was actually overcrowded...

Keeping in mind, ion delemen was actual the previous abandon project of billion Court, hence the first few floors of the lobby /building is not "high class", ie low ceiling, awkward parking etc...

Ion majestic will be a ground up development, in a 5 Star hotel theme....

Rumour is genting skycity does not have their own water source.. Option is to buy from genting or ion delemen / NCT group..

Actual fact, Amber court was not at the mercy of genting.. It was an independent development, BUT back then, genting has a limited pull factor vs the supply, and Amber court was a residence / apartment project focusing on the usual long term rental.... Airbnb / Hotel management was not a thing back then.

Adding all this factor resulted in the demise of Amber court or any residential development in genting... Ie, ria apartment was also not successful back then....

Again, this are just my view...

What is occupancy rate at ion delemen? 40%, 50%?

Guess you have no idea how valuable is water supply at genting Highlands.

There was nothing to stop Airbnb or oyo to list amber court in the last few years.

This post has been edited by icemanfx: Feb 12 2020, 09:40 AM

Genting launched suit again this development on ground of impact to existing development and usage of "Genting" name as part of the project

https://www.theedgemarkets.com/article/gent...ky-city-project

Interesting.

Who is this project developer ?

Wow just wow...

Hahaha...here it comes.

Must be "very higher up dealing" that genting don't know about..
This the surprise 😂

If project not by Genting, I am misled by the naming of the project Genting Sky City.... Genting has a case...

They for sure do, Genting is a registered trademark and it's a misuse of trademark here without consent.

Some more in their sales pitch they are promoting it with the link bridge to Genting / etc. and even a possibility of a casino extension . , I am very sure this will not happen now , gross mis representation from the sales pitch here..

I don’t know how advanced the project is but Genting could have easily hurt them more if they waited for longer before challenging them....

Unless lkt family has vested interest else snake oil seller sales pitch.

Visted the site last month, foundation work just started on the first 2 blocks.

Of course it was a snake oil pitch...

even a possibility of a casino extension??

hahahahah...
really pity if anyone actually falls for this trap sales pitch

Last part of this Video is about the history of the project before genting sky city: https://www.youtube.com/watch?v=4Rf7xNOGwAY

Thx. It is very informative.