Own property in Genting Highlands? Another choice next year.

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I have been up to Genting Highlands or Genting Premium Outlet at last 6 times this year. Sometimes it’s just to enjoy a cool breeze, sometimes with friends and sometimes with relatives. There was also the most recent one which was for a concert. My wife went to the concert and I took care of the kids. Haha. There are always a lot of tourists up in Genting Highlands and I think when the next external theme park opens, this number may just double. Attracting families will mean a much larger number than just attracting couples… Are you thinking of buying a property in Genting Highlands? Another choice may be available next year.

Article in edgeprop.my YNH Property Bhd told The Edge Financial Daily it is finally moving ahead with its parcel of land atop Genting Highlands, next to Resorts World Genting, that it had bought in 2008 for RM16.05 million. (Yes, this was long time ago and at the time, it was considered a great win for the company that it managed to buy this piece of land in Genting Highlands)

The project will have a gross development value (GDV) of RM700 million and will feature three blocks of apartments. It will be launched within 2020. YNH general manager James Ngio said, “We are going to [first] develop five acres (2.02ha) of the 100 acres [we own there]. It is going to be mostly residential, and our target market will very much be investors and [those seeking] holiday homes.” Do refer here for more of other YNH’s projects in Kuala Lumpur and Manjung, Perak. Article in edgeprop.my

In the mean time, when we drive up Genting Highlands, there are also a number of property choices along the way which we could think of investing into as well. Whether it’s buying units from the developer or even the secondary market. I personally think Genting Highlands’ current number of visitors remain on the low side of its actual potential because it has yet to open its new external theme park. By the way, if we think property is not our cup of tea but we still believe in the future growth for Genting Highlands, we could also buy its stocks yeah. Genting Berhad (KLSE: Genting) is at RM6.02 per unit and Genting Malaysia (KLSE: GENM) is at RM3.27 per unit. Happy buying stuffs and properties in Genting Highlands yeah.

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Next suggested article: More family fun in 2020 in Genting Highlands. More spending.

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