IBN Highlands City in Genting Permai is new residential condominium with commercial area of shop lots and hotel. Hotel is run by Gloria, a hotel management company from China.
The project is comprising of 12 blocks of leasehold service apartments. In the commercial area, it is planned to have cinema which is good if it comes true! The commercial area will be managed by IBN itself which I think it is good to ensure survival and exclusivity of the area.
The project is now selling its second block. First block is fully sold out. Mostly buyers for first block are foreigners from China. The whole project is expected to be completed in 9 years time.
Minimum selling price is over RM1 million before discount.
When I visited the show unit, it was luxurious concept, with bath tub for each unit located at balcony. It is fully furnished from furniture till electrical appliances.
Located in Genting Permai and near to Midhills condominium.
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What is my opinion on this property? For me it is targeted for high end clientele and rich tourists. Besides, tourists who wants to experience luxurious living in Genting are also the potential target customers.
So if you are investors you should target these kind of customers.