I would appreciate your advice on whether this investment is worthwhile.

The developer has secured a 5-year contract with an option to extend for another 5 years. Below are the key details of the project:

Location: Kota Syahbandar, Melaka

About RM1.4 k a month for 2 bedroom and 1 bath - 656sq - about RM360k la,

Some of the facilities include:

- A private beach (cannot masuk la cuz can’t swim there)
- A sky lounge and dining area with sea views
- Resort-style facilities, including a 1-acre water park
- Located 10 minutes from key tourist attractions like Jonker Street
- Free shuttle bus to popular tourist spots (developer cover)
- A new tram system for convenient travel
- Low maintenance fees at RM0.25 per square foot
- An Airbnb operator to manage your property for hassle-free investment

Also i hear they restarting the tram plan in melaka too.

Let me know your thoughts.