Imagine, you can escape the city heat and soak in the refreshing cool air with less than an hour of travel from Kuala Lumpur, right in the heart of greenery, surrounded by picturesque mountains. You are enveloped by nature’s beauty while chilling in the clouds. What a relaxing staycation that keeps you keep coming back.
Something familiar pops up in your mind for sure. You have probably guessed it right. It’s Genting Highlands! People go there for a number of reasons. The weather, the superstars, the casinos, the theme parks, and of course, a mesmerising overnight stay. It would be awesome if you happen to have a staycation unit up there. Better still, you can rent it out for short-stay profits.
TwinPines Serviced Suites @ Tropicana Grandhill
Tropicana Grandhill is making your dreams come true. The 112-acre freehold township of mixed development in Genting Highlands is transforming the highland landscape with a new trend of holistic and health-centric resort-style living, combining residential, commercial, wellness, education, park and retirement needs for all walks of life.
The two-block TwinPines Serviced Suites, a key component of Tropicana Grandhill’s phase 1 development, will stand majestically 3,000 feet above sea level upon completion by 2026. Embracing beauty in the arms of nature and adopting hotel-style contemporary design, the fully furnished serviced residences with 24-hour security, lobby entrance, dual key system, heated swimming pool, viewing terrace and children’s playground, among others, are taking shape as an ideal staycation property, especially for short stay investment.
As you travel from the Kuala Lumpur direction, Tropicana Grandhill will be the first development to be seen. TwinPines Serviced Suites will be the first residential development in the master plan, which greets and welcomes you through the designated drop-off lobby, including group travellers arriving by busses and coaches.
For added convenience and comfort under one roof, all units are equipped with full furniture, fittings, and equipment, together with retail outlets to cater to the daily needs of residents and guests. The outdoor heated pool is one of the signature facilities that you should not miss. It is part of the modern tropical-inspired configuration that makes your stay even more memorable.
Genting Highlands - an internationally renowned tourist hotspot
Touted as the entertainment capital of Southeast Asia, Genting Highlands welcomed nearly 30 million visitors in 2019 as published in the 2019 Genting Berhad Annual Report. From 18.1 million visitors in 2014 to 28.7 million in 2019, the consistent increase in tourist arrivals speaks volumes about the potential of the mountaintop entertainment city, which is a well-known tourist hotspot worldwide - attracting local and international tourists from all walks of life with all sorts of entertainment for all ages.
Consistent high occupancy rate
Hotels under the Resorts World Genting group recorded an overall occupancy rate of 95% in 2019. The opening of the brand-new outdoor theme park, Genting SkyWorlds, tentatively scheduled for the second quarter of 2021, will certainly pull in the mass crowd especially the younger ones, thus shaping an upward trend of staycation in Genting Highlands, especially during weekends, public holidays and school holidays. These are among the feel-good factors that will benefit the resort-styled Tropicana Grandhill, which can play a complementary role in fulfilling the ever increasing accommodation demand.
“Genting Highlands has more to offer, being nearer to Kuala Lumpur, and is also easily accessible by public transport and well served by travel agencies,” says Jordan Oon, founder and CEO of HostAStay, reiterating that when the fully revamped theme park is open upon the lifting of travel restrictions, the faithful tourist spot will once again welcome throngs of visitors.
Huge potential in short-stay rentals
‘Short stay’ demand would be the top choice among holidaymakers, according to Jordan, who defines short-stay rentals as accommodation property that is rented for a relatively short period of time, deriving from daily to weekly and even monthly lodging.
And Genting Highlands fits into such profile, being a tourist hotspot with vibrant commercial activities covering both gaming and non-gaming thrills, while being easily accessible and the cool weather is a plus point for local tourism, as highlighted by Jordan.
“Genting Highlands itself is already a high-demand destination for both local and foreign visitors. It has its own niche that attracts certain groups of crowds. Compared with Cameron Highlands, Melaka, Ipoh and Penang, if you travel from KL, the gateway to Malaysia, Genting Highlands is certainly nearer and more easily accessible,” he says.
“You can just go there for daily stay by travelling from Kuala Lumpur in just 40 minutes, for example. For people seeking medical tourism to help them recuperate from illness, weekly stay in Genting Highlands can be helpful. And for monthly stay, it’s suitable for people who have to base themselves in or nearby their project sites such as contract workers,” he points out.
Why short stay can be profitable?
According to Jordan, there are two property investment golden rules to observe if your target audiences are short-stay visitors. First and foremost, the location of the property itself has to be located within the vicinity of a transit hub or tourist spot, meaning it is fundamentally tourism driven. Genting Highlands, home to Resorts World Genting, is a classic example of a tourist hotspot, ideal for 2 to 3 nights of relaxing stay.
“Combining world class gaming and non-gaming features, Resorts World Genting in Genting Highlands is definitely a versatile holiday destination that has something for everyone – casinos, theme parks, concerts, highland cool weather, and even medical tourism,” says Jordan, who foresees a very strong post-pandemic rebound for the resort destination where Tropicana Grandhill can benefit from the high-demand overspill.
Secondly, if you are looking for an investment property, consider the potential of a guest-ready furnishing property for a simple yet practical reason: while it allows you to make profits by renting your property to visitors for a night or two, you can also welcome working traveller or medical tourism for a week stay or month stay at a better rate, you can also sell it tenant-free at any moment with a higher price vs a bare unit. That is because the governing law defines ‘short stay’ as lodging without tenancy agreement, which can be daily, weekly, monthly or yearly based.
Short stay ecosystem
You might be wondering why TwinPines Serviced Suites at Tropicana Grandhill would be a good choice for short stay.
“This is a pre-planned and well-consulted project built for both investment and own-stay purposes by incorporating proper facilities into it, including service lift and concierge service,” says Jordan, implying that Tropicana Grandhill is already part of the short stay ecosystem right from the beginning, if you intend to convert your unit into profit making through short stay.
“By having well-thought-out amenities and services, it will bring more value to the property. That’s an added advantage. Let me put it this way. Instead of selling just a normal egg for 20 sen each, you are now selling a herbal egg at a premium price of 60 sen each,” he draws our attention to the value added proposition of TwinPines Serviced Suites at Tropicana Grandhill.
Commenting on the short stay trend, Jordan asserts that it is becoming a big phenomenon with evolving nature influenced by the new normal arising from the Covid-19 pandemic, where the trend is shifting from daily stay to longer stay, which favours gig workers and people working from home, for instance.
Hassle-free experience
For more added peace of mind, TwinPines Serviced Suites at Tropicana Grandhill takes into consideration the needs of short-stay consultancy for owners on matters relating to renovation, rules and regulations, resources management, insurance, double-booking prevention, system coordination, and how to run the business successfully, in addition to better returns, and a transparent and hassle-free experience.
Post-pandemic pent-up demand
Jordan is optimistic that the tourism and travel industry would be the first to recover when the Covid-19 situation is under control sooner or later.
“When travel restrictions are lifted, expect a huge pent-up demand from people who look forward to travelling and getting out of their homes,” he says, hinting that the post-pandemic economic recovery will also be favoured by the ongoing vaccination programme.
“The pandemic has also disrupted our work environments and patterns where people are shifting towards virtual or remote working, be it working from home or working from tranquil and cool places such as Genting Highlands,” he adds, hinting that the post-pandemic economic recovery will also be favoured by the ongoing vaccination programme.
Buyer incentives up for grabs
Own a unit of TwinPines Serviced Suites at Tropicana Grandhill from RM397,000. Take advantage of the Tropicana 100* campaign to enjoy 100% returns, 100% interest-free flexibility and more, together with the Home Ownership Campaign (HOC) incentives* with exemption of stamp duty and instrument of transfer.
Call 018-390 9988 or click tropicanagrandhill.com to know more about the much anticipated project.
*Terms & Conditions apply
