Pahang is best known for its mountains, rainforests and beaches. Tioman Island, Cameron Highlands and Genting Highlands are the places that pop in mind when Pahang is considered. The state is also a major seaport and contributes to Malaysia’s economy through its heavy tourism.
However, the slump of Covid led to a setback for both the commercial and residential property market in Pahang. The declining tourism discouraged developers from launching new commercial properties, whereas the residential housing demand also suffered due to buyers’ negative sentiment. However, in 2022, things are turning around with the country’s gradual recovery.
Here are 3 commercial and residential developments in Pahang in Q12022 that investors and homebuyers can look at
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Grand Ion Majestic in Genting Highlands, Pahang
Image credit: Grand Ion Majestic
Grand Ion Majestic is NCT Group’s latest development in Genting Highlands, Pahang. The developer finds the grand hills of Genting the perfect location for the property. To be completed in September 2022, the units are already open for sale at a starting price of RM450,560.
The building is 50 storeys tall with 3 blocks comprising 1,885 serviced apartments. Managed by the globally renowned Wyndham Hotel Group, the units’ layout offers flexibility in terms of built-up size. Ranging from 380 to 1,500 square feet, the units are targeted at investors who can offer the place as holiday homes and short term visits to their patrons.
The building is equipped with 19 facilities. Some highlighted features include infinity chill and heated pool, theatre room, pavilion deck, sky garden, dining and banquet hall. As for amenities, the place is near several hotels and shopping malls such as SkyAvenue, Genting Highlands Premium Outlets (GPO) and First World Plaza. It is also connected to major roads and highways, including the Karak highway, Jalan Genting and the North-South Highway (NSE), offering easy accessibility for residents.
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TwinPines Serviced Suites in Tropicana Grandhill Township, Genting Highlands
Image credit: Tropicana Grandhill
Genting Highland has another luxury serviced apartment developing in the area, TwinPines Serviced Suites. It is situated in Tropicana Grandhill Township, the first township in Genting at 1,800 metres above sea level.
The freehold property will have 56 storey and 2 blocks containing 1,443 units. To offer flexibility to buyers, the unit’s layout has various options with different built-up sizes ranging from 379 to 1,330 square feet.
The developer, Tropicana Corporation Berhad, aims to build holistic and health-centric resort-style service apartments that comprise residential, commercial, wellness, education and park to offer a posh lifestyle to residents.
Tropicana designed the units such that they are suitable for both buyer’s own stay and investment. To add some extra benefits, the residents will be facilitated with a heated pool, gym, yoga room, children’s playground and multipurpose hall.
The township has private medical and wellness businesses with excellent mountain and green landscapes, which will further add to the ambience of the property. As such, the units are priced between RM397,000 to RM1,628,000, depending on the size of the house the buyer chooses. To be completed in March 2025, it is expected to be an excellent addition to the infrastructure of the Genting Highlands.
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Manufacturing Plant in Pahang
Alliance Steel (M) Sdn Bhd (ASSB) will invest RM5 billion to expand its manufacturing plant in Pahang. Steve Hujiulin, Alliance’s chief executive officer (CEO), signed a memorandum of understanding (MOU) with Pahang’s state secretary, Datuk Seri Dr Sallehuddin Ishak, to confirm the deal.
Alliance particularly chose Pahang for the plant because the state is known for its rich iron and steel production. Alliance expects the manufacturing plant to increase Pahang’s steel production from 3.5 million tonnes to 10 million tonnes per year.
This will further create 3,000 job opportunities for Pahang residents, which will play a vital role in reviving the state’s economy.
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