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Grand Ion Majestic Details

NCT Group of Companies' continuous development, Grand Ion Majestic, will be formally introduced this month. Tucked away in Genting Highlands, about 20 minutes by vehicle from Arena of Stars, the RM1.4 billion real estate project boasts 3 towers that will consist of an overall of 1,885 units. The two-acre freehold development is nearby to another of the group's serviced apartment or condo advancements, the seven-block Ion Delemen.

According to senior sales and marketing general supervisor James Chang, the advancement is a financial investment item and will run like a hotel. The group has actually signed an arrangement with Wyndham Hotels & Resorts.

Grand Ion Majestic is the 2nd stage of NCT Group's creation in Genting. The very first stage is the 10-acre Ion Delemen, which was formerly a deserted property called Billion Court. According to Chang, it was deserted in 2002 and restored by NCT Group ten years later on.

The very first and 3rd towers-- M1 (850 systems) and M3 (704 systems)-- were open for sale in March and August in 2015. Presently, their integrated take-up rate is 75%.

The nighttime rates for a luxurious space variety from RM388 to RM488 while a 1-bedroom unit opts for RM588 to RM688 a night. For a 2-bedroom system, it is RM788 to RM888 and a 3-bedroom, RM988 to RM1,088.

The rates are the same for both weekdays and weekends. However throughout peak seasons, the rate will increase by RM100. The rates for Grand Ion Majestic will be comparable.

Grand Ion Majestic is slated to be finished in 2022.

Done in 2016, Ion Delemen is likewise a financial investment residential or commercial property. Blocks 1, 5, 6 and 7 are handled by NCT's hospitality brand name, Ion Delemen Hospitality, while the staying blocks are run by Gloria Hotels & Resorts.

The project has actually made it into The Malaysia Book of Records 4 times-- for its glass home, banquet hall, link bridge and sky lift.

Facilities consist of a pool, theatre space, kids' play zone, sky garden and fitness center. The maintenance charge is 42 sen psf.

All units are totally provided. Layouts variety from 1-bedroom and 1-bathroom, 2-bedroom and 1-bathroom, 3-bedroom and 2-bathroom to 3-bedroom and 3-bathroom.

The 2nd tower, M2, which will have 331 units, was released in February this year. It is 35% offered.

Chang discussed that this development is more of a tourist real estate, including that the term that is utilized is condotel, a mix of condo and hotel.

Built-ups vary from 320 to 1,500 sq ft and market price are in between RM512,000 and RM2.624 million.