According to King’s Park Genting Highlands Director Megal Khalil, Genting Highlands in Malaysia is rapidly emerging as a prime destination for property investment in 2024.
The King’s Park development blends diverse architectural styles, including European colonial, Islamic, and contemporary influences, creating a visually stunning and harmonious environment according to Khalil.
“King’s Park promises substantial rental returns, making it an irresistible choice for discerning investors. This latest development, with its diverse architectural styles, unique blend of high demand, robust commercial activity, and promising future growth, is poised to become the next big thing in real estate investment,” says Khalil.
According to Khalil finding a vacant shop lot in Genting is no easy feat.
“The high occupancy rates highlight the area’s strong commercial viability. This demand indicates a thriving business environment where commercial properties are highly sought after. During peak hours, the area comes alive with customers flocking to local businesses. The frequent double and triple parking scenarios are a testament to the high foot traffic, reflecting 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,” says Khalil.
According to Khalil, retail businesses in Genting thrive with average monthly revenues ranging from RM200,000 to RM500,000.
“This revenue range is a testament to the dynamic and lucrative nature of operating in these vibrant locations. One of the most compelling reasons to invest here is the attractive rental returns, typically ranging from 10% to 20% of monthly revenue,” says Khalil.
Kings Park Genting Highlands Director of Sales Steve Chan agrees.
“When it comes to high-traffic commercial areas, Genting Highlands, particularly King’s Park, stands out for its impressive rental returns and high revenue potential. It is set to become a bustling hub, attracting a significant number of daily visitors with an estimated 20,000 daily visitors and an average spending of RM100 per visitor. These figures highlight the immense potential for strong rental returns. The high visitor count coupled with substantial daily revenue underscores the commercial viability of this investment,” says Chan.
Positioned approximately 30-40 minutes from Kuala Lumpur, Chan argues that King’s Park also boasts impressive market stability and capital appreciation, with historical data revealing a capital appreciation rate of 20% per annum over the past six years for Genting Permai shop lots.
“This consistent growth underscores the stability and attractiveness of investing in King’s Park,” Mr. Chan added. “The sustained demand, strategic location, and robust commercial activity contribute to its market resilience,” says Chan.
King’s Park Genting Highlands entered into a strategic partnership with Universiti Sains Malaysia’s Graduate School of Business and Cornell Academy in October 2023, which Chan says ensures a steady supply of highly trained staff.
“This collaboration guarantees exceptional service standards and operational efficiency, enhancing the overall experience for stakeholders. Comprehensive training programs and staff accommodation ensure high employee satisfaction and retention, significantly reducing turnover costs,” says Chan.
Features
King’s Park Genting Highlands is a development in tourism-commercial real estate, and wellness resorts development.
Located 30-40 minutes from Kuala Lumpur, Genting Highlands is a renowned tourism hotspot and is projected to attract 40 million visitors by 2026. King’s Park aims to capture 20-30% of this footfall, establishing itself as a must-visit destination.
Visitors can stroll along an 8 km pedestrian street lined with diverse retail outlets, entertainment hubs, and wellness facilities, creating a lively atmosphere for tourists and locals alike. Experience world-class hospitality at luxurious hotels, including 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.
The Go-Play-Play Park is an exciting adventure destination with attractions for all ages. The Eco Themed Park offers zip coasters and luge tracks, blending nature and excitement. Relax at the Longest Riverfront Alfresco, a picturesque haven for outdoor dining and eco-friendly activities. Marvel at the World’s Largest Terrarium and explore the Rooftop Garden, an elevated oasis with landscaped terraces, open bazaars, and kiosks.
The Muslim Lifestyle & Cultural Hub provides a luxurious haven dedicated to Halal retail and cultural experiences, featuring fashion, dining, and a grand musolla. Visitors can enjoy unique and enchanting Royal Carriage Rides to explore the pedestrian mall.
Upcoming infrastructure developments, including a proposed cable car line and Karak highway route, will ensure smooth travel to and from King’s Park.
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