Grand Ion Majestic is the 2nd stage of NCT Group's property development in Genting. The very first stage is the 10-acre Ion Delemen, which was formerly a discontinued project called Billion Court. It was deserted in 2002 and restored by NCT Group ten years later on. The development is an investment product and will function like a hotel. The group has actually signed a contract with Wyndham Hotels & Resorts. Grand Ion Majestic is schedule to be finalized in 2022.
Grand Ion Majestic buyers will sign a nine-year agreement with NCT Group, under which the latter will rent and handle out the previous's units on their behalf. Annually, buyers will get 5 days' complimentary stay and 20 days' remain at a 50% discount rate. The agreement is divided into 3 three-year terms. Throughout the very first term, buyers will be ensured a 7% repaired return per year, to be paid quarterly. For the successive years, it is a profit-sharing basis and the buyer will get 70%. NCT Group of Companies' continuous construction, Grand Ion Majestic, will be formally introduced this month. Situated in Genting Highlands, about 20 minutes by vehicle from Arena of Stars, the RM1. 4 billion serviced apartment property development includes 3 towers that will consist of an overall of 1, 885 units. The two-acre freehold property is neighboring to another of the group's serviced apartment property developments, the seven-block Ion Delemen. Established just 6 minutes drive away from First World Hotel, Grand Ion Majestic Grand-Ion-Majestic.com units are completely furnished. Layouts variety from 1-bedroom and 2-bedroom, 1-bathroom and 1-bathroom, 3-bedroom and 2-bathroom to 3-bedroom and 3-bathroom. Built-ups vary from 320 to 1, 500 sq ft and market price are in between RM512, 000 and RM2. 624 million. Facilities consist of a pool, theater space, kids' play zone, sky garden and health club. The maintenance cost is 42 sen psf. The project has actually made it into The Malaysia Book of Records 4 times- for its glass building, banquet hall, link bridge and sky lift.
Established in: 2019
Company size: 1-10 employees
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