New Mixed Developement

Location : Direct behind First World Hotel



This post has been edited by onnying88: Nov 4 2019, 08:23 PM

Likely by YNH as announced today, finger crossed the soon to complete theme park will be able to draw more visitor else all white elephants

very scary

But how about access?

Some says if uses road already like 2km away..
If direct straight cut cross. Then its 800m something..

They plan to built bridge?

WOW mixed development again !!!

As for now all existing mixed development project in Klang valley almost all not performing well

Not really all not performing la, there is some good project also.

Some more this is at genting and so far should be the nearest to the entertainment hotspot. Others genting project also need shuttle bus to go around.

So it's BBB since it's the best non genting group related project.. and public can buy too 🤑

Near to the park too...vs others development...

This post has been edited by nexona88: Nov 5 2019, 10:00 AM

can the hill support the development?

Wow huge development. Later landslide all gone.

Same doubt here..
But according to news I heard.. they won't use all the land..
Some part very steep.. risky for high rise.. so they built not so steep land only...

ic... i tot the entire hill owned by genting grp. wonder how they bring up the water and electricity etc.

Heard price start below 600k, can BBB turbo mode on?

Was thinking the same... Maybe part of the hill sold to someone connected with the state.. then resold back for $$.. possibilities is there...

Not sure how they built.. but what I know it's won't be easy & fast... Like in KL 😑

Below 600k?
Can cover the cost huh???
Build high rise in genting is not cheap...

Must be marketing bait 😂

Manatau... nanti 2000 psf?

Possibilities is there...
What I know it's won't be cheap...

Just hope they built with proper foundation...

Genting today just landslide....

yes happened at 6pm today

really worry and getting scary of over development at the hill site

overdevelopment...

seems like there's sudden interest on the hill...

AK also join the club now...

looks like Genting have lost many small plots of land to others developers...

how much per square fppt

Water and electricity supply will cost the developer enormous amount of money and time, may render this project financially unfeasible.


This post has been edited by icemanfx: Nov 24 2019, 11:34 AM

This one the project was previously abandoned for a long time now they continue is it?

Genting can do.. if they got $$ sure also can do

For sure. However, financially feasible or not?

Never try never know.. top of the hill not much land becuz top is that few plot.. other is not so top..

Do without proper study and costing is a recipe for abandoned project.

This post has been edited by icemanfx: Dec 23 2019, 01:25 PM

Same developer or different one?

Not sure , I want to know also, should be new developer since the project was previously abandon like dunno how many years , feels like it's haunted when passby there at night

Last time named Amber Court?

No la....Amber court completed and it's deeper inside

Heard the hotel operator will be under Haxk Roxk Hotel.

2kpsf, not ynh.

Not Versace?

Good for the resort if indeed materialize but again need to see the sustainable of it, similarly use to be premium international hotel chain operating but can't sustain long

so "high class" one..
got demand huh

Now selling rm2k psf, limited units left as big portion is enbloc sold to Chinese investors and targeted for singapore investor.

This is only the 1st block. The rest all not launch yet.

Was at the site yesterday, the land areas looks smaller than what is described in the artistic visualisation.

The so call linked bridge to first world is just a proposal, and seeing its actually to the back portion of first world hotel, not sure if it's doable / allowed by genting.

This post has been edited by mytrader: Feb 9 2020, 10:30 AM

As if chinese are allowed to invest in overseas property. unless kt lim family is vested in this project doubt link bridge to first world will be allowed.

This post has been edited by icemanfx: Feb 9 2020, 11:04 AM

Ya, i am doubtful of the linkage bridge.

The other comparable project in the same vicinity would be Ion Majestic (NCT Group) at a lower psf (~RM1300) price point. It's further inwards of the same road, but considering both will require transportation to get to Genting Resort, the distance might not be a key factor here.

Defrostation due to all this mixed development.

Later, Genting become hot like KL.

Serve them right!

linkage bridge is the selling point I guess..
if don't happen the how?

if no linked bridge, the distance to reach First World also just walk cross a road only.

This is the only new project that public can buy and walkable to the Genting city.

Except you interested in ria apartment, but that's also cost Rm1k psf already now.

Ria Apartment?
huhuhuh.. that's one I already kena before..
really not walk-able

Rm1k psf? for such old "condo"

Have you consider elevation difference?

This post has been edited by icemanfx: Feb 10 2020, 06:14 PM

A connecting bridge considers small potato if you look at the overall project construction scale. The problem do Genting allows them to build a connecting bridge or not only.

Anyway, Did you all notice this is the only project so far that allow to use 'Genting' as their project name? They can get approval to use Genting name, so to get approval to build a link bridge should be no problem i think. My2cent.

Maybe they get Genting consent letter or approval already for the bridge. Anyone plan to visit the sales gallery please help clarify?

Consider walkable already la

Yes, Rm1k+ PSF. link

Genting won't allow link bridge la. Where can allow other party to compete with their hotel.

U stay other developer project, u sendiri find your own transport to first world la.

Do you know how many hotels are planned at genting? Genting allow outsiders to sabotage their investment?

Just to share https://www.edgeprop.my/content/1619896/new...nting-highlands

https://www.edgeprop.my/content/1619896/new...nting-highlands

This post has been edited by icemanfx: Feb 11 2020, 10:21 AM

Conveniently omitted number of hotels planned. Accomodation is provided for genting employees. Non genting employees are unlikely to rent overpriced poorperly.

This post has been edited by icemanfx: Feb 11 2020, 10:32 AM

For non Genting employees was told most of the apartment units are converted into like 10 room per unit and charge on per room basic

No need bridge to first world, got walking bridge to the road behind the project also good enough already

Their brochure mention 5min walk to major attraction.

Any undertaking or guarantee?

5min walking distance is not possible.., the current phase is the back part , hence you will have to walk thru the front blocks even to get to the main road (next to first world). That would already take more than 5 min.

Even on the main road, there is no access currently to First World Hotel.

Been to the sales office last weekend, the bridge is verbal and a sales pitch, if it's an agreement they already gotten from Genting, it would be clearly communicated as a sales pitch for sure..

Well, end of the day they will for sure offer free shuttle bus /van service from the hotel lobby, hence I don't see the bridge /walkable distance is a key issue here. Taking into account as well, if they hotel are majority occupied by tour groups/holiday goers, walkable or not is not a consideration (or even a known aspect) when they choose which hotel to stay at.


This post has been edited by mytrader: Feb 11 2020, 04:37 PM

This place is marketed as Airbnb or residence?

In the first phase , there will be 2 blocks, 1 block will be Haxd Roxk Hotel (as they claim la..) , the 2nd block will be sold and be lease back under a GRR scheme of 6.5% (3+3+3 Years).

There will be 8 more blocks in future phase, always as a twin setup above (1 Hotel + 1 block for sale).

Seem to be relatively new developer, claim to be director for a PLC but doing this on a private setup as he owns the land privately. Construction and financing from China.

Comparing this with Ion Majestic, I have a higher confidence in that (lower psf, confirmed hotel management by Wyndam group, proven track record of developer - NCT - Ion Delemen).

Just my personal view...

Whoever interested better do more due diligence.

Chances of failure very high. New developer.

Chinese are allowed to invest in overseas property or development?

What is ion majestic occupancy and room rate?

This post has been edited by icemanfx: Feb 11 2020, 06:18 PM

But China Central Bank banned outflow of money for property related wor. So ini financing how jalan?

Back lane meh?

If failure..
Then sell the project to another party..
It's very strategic landbank.. I'm sure others would love to take over...

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.

Wow thanks alot.

I am glad I could help

you're welcome

This project still jalan?

Built edi?

Ria apartment is owned by genting before


I have a old public phone card...
Genting picture on behind and 5 hotels name



2000 year malaysia still have such kind of card

Genting SkyCity - April 2022 progress

Wow rupa2nya genting so many history