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Meridin at Medini and Astaka Project in Iskandar - any good?

Build a tunnel install ERP. Per entry 100 RM.
teoky said:
I think Meridin no chance as the deadline for submitting booking fee was a few days ago. Supposed to have more than 4000+ booking and only 700+ units available.

Location wise, it is by itself so I guess it is more exclusive.

Astaka is a high end project. Every unit has two pte lift and they suppose to build a tunnel connecting directly to CIQ!
Click to expand...
 
150rm * 10.night is 1500rm. Is this conservative? Have u check out the rates of thistle, Granada and their sizes? Is occupancy rate high in jb?
 
JB do not have good class hotel.

Double Tree by Hilton will only interest me. I sure love to stay in Double Tree for a few nights.

Amara does not.


Newbie11 said:
150rm * 10.night is 1500rm. Is this conservative? Have u check out the rates of thistle, Granada and their sizes? Is occupancy rate high in jb?
Click to expand...
 
Newbie11 said:
150rm * 10.night is 1500rm. Is this conservative? Have u check out the rates of thistle, Granada and their sizes? Is occupancy rate high in jb?
Click to expand...

with the expansion of legoland and possible new theme parks plus the ferry from harborfront to PH, tourists arrivals will increase ?
 
Have the meridin hotel launched already ？what is the layout and psf ？currently trador is the only hotel in medini and ph area right?
 
Most of the better hotels seems to be moving towardsthe city centre. Double tree, Renaissance also is quite good and it's running already.
I think with the current tightening of the foreigner quota in Singapore, more Malaysian are working in Johor. Which is good for the development of that state.skills are not being lost to Singapore.
 
The Meridin Hotel Suites (Block B & C) buy with Guaranteed Rental Return (GRR) for 15% (5%+5%+5%) for first 3 years, there after to follow market rate if you prefer to rent back to developer. 10% rebate, fully furnished and Free SPA and Loan legal fee. Block A all SOVO with different package.
 
Hotel suites the yield is considered low - unless ur paying by cash.

they usually take some of the yield back as management fees, sinking fund, maintanance. end of the day u may be left with nothing after paying mortgage. If u going full cash there are thing that give better yeild than 5% with less headache, REITS for example......

unless the GRR is after expenses, i would not consider it. just my 2 cents
 
Very good point. There are other investment types for this level of returns. This is the first time that they are doing this so they might not be able to achieve their returns.

I am not sure what fine print you have to look through before plonking down cold hard cash for this investment vehicle
 
cow138 said:
Very good point. There are other investment types for this level of returns. This is the first time that they are doing this so they might not be able to achieve their returns.

I am not sure what fine print you have to look through before plonking down cold hard cash for this investment vehicle
Click to expand...

Most likely need to refurbish the furniture and room décor after a few years. So someone has to pay for it. Wear and tear should be higher due to many very short term users. I think the returns should be quite low after factoring all.
 
Seems like the developer is trying to lower his risk by getting investors to participate while he gains experience in the hotel business.
If the deal is so good he could probably run the whole hotel himself.
 
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Astaka progress......
 
I been to the showroom in May/June. Took pics of the sales chart. was at 67% sold then. Yes its impressive. The showroom also very empty. I guess too expensive at 3mil plus per pop now. PSF 12xx onward now.
The launch offer looks like a bargain compared to now..... 8xx psf, DIBS, legal subsidy, cant remember whats else is included. I have the price list given by the agent but obviously its not up to date
 
[video=youtube;ZtzYaPNTe3Q]http://www.youtube.com/watch?v=ZtzYaPNTe3Q[/video]
 
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