GENTING HIGHLANDS, Malaysia, July 30, 2024 /PRNewswire/ — Known for its vibrant entertainment and leisure offerings, Genting Highlands is fast becoming a prime property investment destination in 2024. This region promises substantial rental income, making it an irresistible choice for discerning investors. With its unique blend of high demand, robust business activity and promising future growth, Genting Highlands is poised to become the next big trend in property investment.
Mr Megat Khalil, Director of Public Relations of King’s Park Genting Highlands, shared insights into the thriving business environment in Genting Permai. “Finding a vacant retail plot in Genting Permai is not an easy task,” he said. “The high occupancy rate highlights the strong economic viability of the area. This demand indicates a thriving business environment where commercial properties are highly sought after, ensuring safe and profitable investments.”
Genting Permai’s lively atmosphere is evident through its bustling streets and vibrant commercial scene. “During peak hours, the area comes alive as customers flock to local shops,” noted Mr Khalil. “The frequent double or triple parking situations are a testament to the high foot traffic and reflect the area’s popularity and commercial success. This constant flow of customers makes it a prime location for retail investment, offering increased business opportunities and revenue potential.”
Retail businesses in Genting Permai are thriving with average monthly sales of 200,000 RM To 500,000 RM“This revenue range is a testament to the dynamism and profitability of doing business in these vibrant locations,” stressed Mr. Khalil. “Investors can expect consistent and significant returns, making these areas extremely attractive for investment. One of the most compelling reasons to invest here is the attractive rental income, which is typically between 10% and 20% of monthly revenue.”
Mister. Steve ChanDirector of Sales & Marketing for King’s Park Genting Highlands, highlighted the competitive advantage of Genting Highlands compared to other busy commercial areas in Malaysia“When it comes to high-traffic commercial areas, Genting Highlands, especially King’s Park, stands out with impressive rental income and high revenue potential,” he said. Comparing it with Pavilion KL, Mid Valley Megamall and Sunway Pyramid in the Klang Valley, Mr Chan noted that King’s Park offers unique advantages with its prime location and diverse retail mix.
King’s Park Genting Highlands is expected to become a bustling centre that attracts a significant number of visitors daily. An estimated 20,000 visitors daily and an average spend of 100 RM per visitor. “These figures underline the enormous potential for high rental income and commercial success at King’s Park,” said Mr Chan. “The high number of visitors combined with the significant daily revenue underscores the economic viability of this investment.”
King’s Park also boasts an impressive market stability and value appreciation. Historical data shows that Genting Permai’s retail space has achieved a value appreciation rate of 20% per year over the past six years. “This consistent growth underlines the stability and attractiveness of investing in King’s Park,” added Mr Chan. “The sustained demand, strategic location and robust business operations contribute to market stability and provide investors with a reliable and profitable investment.”
Strategically positioned, about 30-40 minutes from Kuala LumpurKing’s Park is expected to benefit enormously from the area’s vibrant commercial activity. As the future Central Business District (CBD) of Genting Highlands, it is poised to become a central hub for business and leisure, attracting a variety of businesses and enhancing its commercial value.
Why invest in King’s Park?
King’s Park Genting Highlands is expected to attract around 20,000 visitors daily and 2,000,000 RM turnover per day. This high level of foot traffic ensures excellent rental income for property owners. With property values increasing by 20% per year over the past six years, King’s Park offers exceptional market stability and capital growth. As the future central business district of Genting Highlands, it is set to become the region’s premier business hub.
King’s Park Genting Highlands is a state-of-the-art tourism and commercial real estate and wellness resort that offers an unforgettable experience to all visitors. A strategic partnership with the Graduate School of Business, Universiti Sains Malaysia and Cornell Academy, signed on October 11, 2023ensures a steady supply of highly qualified staff. This collaboration guarantees exceptional service standards and operational efficiency and improves the overall experience for stakeholders. Comprehensive training programs and staff accommodation ensure high levels of employee satisfaction and retention and significantly reduce turnover costs.
King’s Park Genting Highlands is more than just a commercial development; it is a golden opportunity for investors. With its impressive visitor and revenue estimates, this prime location promises significant rental income and business success. For prospective investors looking for lucrative opportunities, King’s Park is a prime destination for 2024.
For further information please contact King’s Park Sales Gallery at +6011 6221 6168, visit King’s Park Sales GalleryKM 10, Genting Highlands, 69000 Bentong, Pahang, Malaysiaor visit our website at www.kingspark.com.my.
Overview: King’s Park Genting Highlands
King’s Park Genting Highlands is a pioneering development in tourism, commercial real estate and wellness resorts, offering an unforgettable experience to every visitor. Nestled in a tranquil oasis with temperatures ranging between 15°C and 25°C, the cool and refreshing climate, often shrouded in mist and haze, lends the area a mystical charm.
Conveniently located just 30-40 minutes from Kuala LumpurKing’s Park is an ideal getaway. Genting Highlands, a well-known tourist hotspot, is expected to attract 40 million visitors by 2026. King’s Park is expected to attract 20-30% of this number of visitors, establishing itself as a must-visit destination.
Visitors can stroll along an 8km pedestrian street lined with shops, entertainment venues and spa facilities, creating a lively atmosphere for tourists and locals alike. Experience first-class hospitality at luxurious hotels such as Hard Rock Hotel & Residence, Swissôtel Hotel & Residence, Novotel and Sofitel.
King’s Park offers vibrant shopping and dining experiences inspired by Akihabara, Nathan Road, Gangnam Street, Longmenhao and Bugis Street, to name a few. Be dazzled by high-quality light projection and video art that transform the park into a radiant stage. Enjoy world-class entertainment and luxury shopping inspired by the legendary board game Monopoly.
Go-Play-Play Park is an exciting adventure destination with attractions for all ages. Featuring zipcoasters and toboggan runs, the eco-theme park combines nature and excitement. Relax at the Longest Riverfront Alfresco, a scenic oasis for outdoor dining and eco-friendly activities. Admire the world’s largest terrarium, measuring 666 meters in length and lush surroundings. Explore the Rooftop Garden, an elevated oasis with landscaped terraces, open bazaars and kiosks.
The Muslim Lifestyle & Cultural Hub is a luxurious oasis dedicated to halal shopping and cultural experiences, offering fashion, restaurants and a grand musolla. Enjoy unique and enchanting royal carriage rides to explore the pedestrian zone.
Future infrastructure developments, including a planned cable car line and Karak Highway, will ensure smooth traffic to and from King’s Park. The development combines various architectural styles, including European colonial, Islamic and contemporary influences, creating a visually stunning and harmonious environment.
By 2026, King’s Park is expected to attract 20-30% of Genting Highlands’ 40 million visitors. The development will integrate smart, eco-friendly infrastructure and ensure accessibility for all, including the disabled. Management will maintain high standards of quality and cleanliness, making it an attractive investment for buyers and investors. Discover Genting Highlands, where modern luxury meets natural beauty, at King’s Park.
For further information please contact King’s Park Sales Gallery at +6011 6221 6168, visit King’s Park Sales GalleryKM 10, Genting Highlands, 69000 Bentong, Pahang, Malaysiaor visit our website at www.kingspark.com.my.
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SOURCE King’s Park Genting Highlands
