Co-own hotel rooms in popular Malacca
Name of development:
Terminal Pahlawan Suites
Investments start from RM30,000 (S$11,720)
THE Unesco World Heritage City of Malacca received 14 million tourists last year.
Malaysian property developer Hatten Group is tapping into this popularity by introducing an investment scheme for its new 200-room boutique hotel, Terminal Pahlawan Suites.
The MiniMax scheme is designed to minimise investment costs and maximise profits.
It allows investors to co-own a hotel room when they buy one investment unit at the starting sum of RM30,000.
One investment unit is equivalent to 20 sq ft and investors can own a few units together with others in one room.
Each buyer is allowed to purchase a maximum of five units.
Hotel room sizes range from 442 sq ft for a deluxe room to 706 sq ft for a premier suite.
Hatten Group will buy back the units after a five-year investment period.
The hotel is set to open early next year.
Investors can look forward to returns of up to 50 per cent, equivalent to RM45,000 (S$17,380), based on a 20 per cent appreciation rate and a 6 per cent interest rate.
You can collect returns from the interest, which amounts to RM1,800 (S$695), in two payments each year.
There are no additional costs for investors, as maintenance and legal fees are managed by the hotel.
Other perks for investors include seven days' free stay at the hotel and discounts of up to 30 per cent at selected stores in Hatten Group's shopping centres.
For more information, visit www.hattengrp.com or call 6100-9696.