Genting Highland Condominiums Review

New Condominiums At Genting Highlands

Thanks to the Genting Integrated Tourism Plan (GITP) plan, especially the expected 20th Century Fox Theme Park (now cancelled),  5 new condominium being constructed and completed at Genting Highlands. It actual location is at Genting Permai.

The new condominium are:

1. Windmill Upon Hills
2. Vista Residence
3. Geo 38 Residence
4. Midhills
5. Ion d’Element

I would like to do analysis on the first 4 condominium as they are nearer to each other. Which condo is the best to invest in? What unique value the condo can offer vs its competitor?

The Condominium Buildings / Scale Model

Relative Locations

Unit Photos

Windmill Upon Hills

Vista Residence

Geo 38 Residence

Midhills

Layout

Windmill Upon Hills

Vista Residence

Geo 38 Residence

Midhills

Property Comparison

Features \ Condominum	Windmill Upon Hills	Vista Residence	Geo 38 Residence	Midhills
Type	Serviced Apartment	Serviced Residence	Condominium	Serviced Residence
Land Area	5.57 acres	1.33 acres	3.80 acres	5.35 acres
Tenure	Freehold	Leasehold	Freehold	Leasehold
Land Title	Commercial	Residential	Residential	Commercial
Price Range	RM492,000 - RM1,685,000	RM889,350 - RM3,442,537	RM408,528 - RM1,873,281	RM495,000 - RM2,247,437
Size Range	362 sqft - 1,523 sqft	844 sqft - 3,144 sqft	642 sqft - 3,038 sqft	557 sqft - 2,450 sqft
Price per sqft Range	RM1,359 per sqft - RM1,106 per sqft	RM1,053 per sqft - RM1,095 per sqft	RM636 per sqft - RM616 per sqft	RM889 per sqft - RM917 per sqft
Maintenance Fee & Sinking Fund	RM0.40 per sqft inclusive sinking fund	RM0.30 per sqft + 10% sinking fund	?	?
Completion Date	July 2019	July 2018	July 2019	November 2017
Furnishing	Fully Furnished	Fully Furnished	?	?
Location	3.386096, 101.774789	3.388038, 101.772729	3.388104, 101.774780	3.387214, 101.784745
Developer	OSK Properties Sdn Bhd	Fututech Bhd	Pesat Bumi Sdn Bhd	LBS Bina
Number of Blocks	4	?	1	3
Number of Levels	42 Level for Tower A, B and C and 32 Levels for Tower D	33. (1 level Facilities + 23 level Service Residential + 3 level Shoplots + 6 level Carparks)	38	19
Number of Units	1,108	378	579	610
	Tower A (266 units), B(267 units), C(262 units) and D(313 units)	378 units of Serviced Apartment 31 units of Retail Lots + 11 kiosk		Tower 1 - 192 units Tower 2 - 251 units Tower 3 - 167 units
Website	Link	Link	Link	Link
Facilities
Garden	Yes	Yes	Yes	Yes
Gym	Yes	Yes	Yes	Yes
Swimming Pool	Heated Lap Pool & Kids Pool	Heated Pool	Swimming pool & Kids pool	Lap pool, Family pool & wading pool
Jacuzzi	Yes	Yes	Yes	Yes
Sauna	Yes	Yes	Yes	No
Spa	Yes	No	No	No
Children Playground	Yes	Yes	Yes	Yes
Jogging Track	Yes	No	Yes	No
Barbecue Area	Yes	Yes	Yes	Yes
Squash Court	Yes	No	No	No
Tennis Court	Yes	No	Yes	No
Games Room	Yes	No	Yes	Yes. Foosball, pool table, chess, dart, carrom & table tennis
Multipurpose Hall	Yes	Yes	Yes	No
Convenient Shop	No	Yes	Yes	No
Other Facilities	Sky Deck Sunken Deck Celebration Alcove Changing Room Reflexology Path Parcouse Brooks & Bridges	Private-owned roof-top sky-lounge	Sky Garden and Multi Tier Security with Access Card Laundrette TaiChi/Yoga Deck/Reflexology Path Exercise Pole Park AV/Entertainment Room Library Kindergarden Meeting Room	Aqua Wall Reading Nook Waterlily Pond Hammock Deck Reading Room Kick Boxing Spin Cup Fun Zone Air Hockey TV Room Kiddy Bowling Chilled Out Area Sky Aerobic Yoga Deck Hopscotch Social Corner Reflexology Path Reflection Corner Gazebo Zen Deck Aqua Deck Open Air Messamine Fitness Station The Plaza

Property Developers Reputation

When choosing a property, we also must evaluate its developer as it will tell whether you will get quality workmanship, deliver on time and as advertised. To evaluate that I compare based on The Edge Property Excellence Award (as it is easy to find info and the award relates on property quality as well).

Besides I try to find the developers QClassic Scoring. Unfortunately not easy to find information for the correspondent developers.

The Edge Property Excellence Award

The Edge Property Excellence Award (TEPEA) is an award given to property developers based on their quantitative attributes:

1. Shareholders’ funds
2. Revenue
3. Profit before tax
4. Net gearing

and its qualitative attributes as follows:

1. Quality of product (service, finish, timeliness)
2. Innovation and creativity (product, marketing)
3. Value creation for buyers (capital appreciation)
4. Image market perception (credibility, management style, effectiveness)
5. Expertise (management, experience)

Developer	TEPEA 2018	TEPEA 2017	TEPEA 2016
OSK	14	16	18
Kerjaya Prospek	N/A	N/A	N/A
Pesat Bumi	N/A	N/A	N/A
LBS	19	24	N/A

QClassic Scoring

Quality Assessment System in Construction (QLASSIC) is a system or method to measure and evaluate the workmanship quality of a building construction work based on Construction Industry Standard (CIS 7). QLASSIC enables the quality of workmanship between construction projects to be objectively compared through a scoring system.

The accreditation is done by CIBD.

So far I can only find OSK QClassic for Emira Shah Alam Project scored at 80.28%. It means that OSK already doing QClassic to ensure that their property development follows high standard.

Conclusion

	Windmill Upon Hills	Vista Residence	Geo 38 Residence	Midhills
Location	1.0	1.0	1.0	1.0
More Facilities	1.1	0.5	1.0	1.5
Less Density	0.6	1.8	1.2	1.1
Less Price per sqft	0.7	0.9	1.5	1.0
Total	3.4	4.2	4.7	4.5

*The higher the scores, the better it is.

The best condo is Geo 38 Residence while Windmill Upon Hills scored the lowest.

Windmill Upon Hills has good facilities but more dense and more expensive.

Vista Residence has less facilities.

Geo 38 Residence has good facilities, most affordable pricing among other condos.

Midhills is less dense and has good facilities.

References:

Windmill Upon Hills Price Min & Max
Vista Residences Price Min & Max
Geo 38 Residence Price Min & Max
Midhills Price Min & Max