MARKETING agency, GIC Group, has successfully sold the bulk purchase of Genting Highlands’ Grand Ion Majestic units for RM170mil.
Group founder Eddie Song said the marketing agency sold all the 250 units that it purchased in bulk from the developer.
“We were sold out in just three months,” he announced at the development’s soft launching and sales announcement ceremony at Eastern and Oriental (E&O) Hotel in Penang on Sunday.
Grand Ion Majestic is the first 6-star serviced suites in Genting Highlands.
Developed by Galeri Tropika Sdn Bhd, a member of NCT Group of Companies, the freehold project has 1,668 units across three blocks.
Only Block M1, which has 742 units, was recently launched and the other two blocks will be launched this year end.
The units on sale are either studio suites priced from RM500,000 and two-bedroom suites at RM950,000 onwards.
NCT Group senior general manager (property development, sales and marketing) James Chang Chee Wooi said 70% of the units have been sold.
The developer offers a rental-pool programme at 7% of the purchase price yearly for the first three years and from fourth year onwards, owners will enjoy a profit-sharing scheme.
“The profit-sharing scheme lasts till the ninth year and from there, the buyers can choose either to continue with the scheme or have the unit for themselves.
“Purchasers can also enjoy five days of free stays annually and receive rebates for a further 20 days of stays at the property,” he explained.
Besides the units, which come fully renovated and furnished, there are a vast array of facilities provided.
Grand Ion Majestic is located only 3km away from First World Plaza and a few minutes’ drive from other attractions. There is a free daily shuttle service to the attractions.