Grand Ion Majestic Developer NCT Riding on Booming Tourism Growth

Grand Ion Majestic is the 2nd stage of NCT Group’s project 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 scheduled to be finalized in 2022.

genting highlands grand ion majestic

NCT Group of Companies’ continuous project, Grand Ion Majestic, will be formally introduced this month. Located 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 make up an overall of 1,885 units.

The two-acre freehold property is neighbouring 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 successive years, it is a profit-sharing basis and the buyer will get 70%.

Situated just 6 minutes drive away from First World Hotel, Grand Ion Majestic 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 asking price are in between RM512,000 and RM2.624 million.

Facilities consist of a pool, theatre 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.

Spread the love

Leave a Reply