NCT Group of Companies' continuous construction, Grand Ion Majestic, will be formally released 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 venture is neighboring to another of the group's serviced apartment property developments, the seven-block Ion Delemen.
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. Every year, 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 following years, it is a profit-sharing basis and the buyer will get 70%. Established just 6 minutes drive away from First World Hotel, Grand Ion Majestic units are completely furnished. Layouts variety from 1-bedroom and 1-bathroom, 2-bedroom 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 fitness center. The maintenance cost is 42 sen psf. The property development has actually made it into The Malaysia Book of Records 4 times-- for its glass building, banquet hall, link bridge and sky lift.