ONE OF A KIND: An artist’s impression of the Lexis Suites, Penang.
KUCHING: The Lexis Suites in Penang is a refined five-star hotel featuring 224 luxurious suites with first-rate, state-of-the-art facilities for guests to enjoy the ultimate in style and sophistication.
One of the key unique features of this hotel is that every unit is designed with its own private swimming pool and sauna room, making it a one-of-a-kind hotel with such facilities, thereby setting a new record in Malaysia.
The project is designed by the internationally renowned architect firm from London, Broadway Malyan (www.broadwaymalyan.com) and is managed by the reputable hotel operator, The Lexis Hotel Group (www.lexis.my).
All property investors and buyers are cordially invited to view and enquire about The Lexis Suites from 10am – 7pm on Jan 12 – 13 (Saturday & Sunday) at Hibiscus Room, Level 1, RH Hotel, Sibu.
Lexis Suites is a place of new contemporary culture and urban living – to enjoy, relax, socialize and work, all in a single unique destination.
This exclusive hotel is strategically located well within the southern part of Penang Island which is just 4km away from the Penang International Airport, making it convenient for local and overseas tourists travelling by air to Penang. With this in mind, Lexis Suites will be a preferred choice when it comes to first class accommodation.
The sizes of the units vary from 875 sq ft to 990 sq ft (all studio units). The selling price ranges from RM770,000 and are fully furnished.
The project was launched in early May 2012 and is scheduled for completion by December 2014.
The Lexis Suites has so far garnered excellent response with over 73 per cent of the units sold since its launch.
The developer has carried out its marketing campaign aggressively in Kuala Lumpur, Penang, Singapore, Indonesia, China, Macau and Hong Kong.
The Lexis Suites is a freehold development and is financed by UOB Bank.
The successful launch and the fast selling of the units are attributed to the following factors.
The Lexis Suites comes with attractive rental return of 7 per cent per annum, which is generally sufficient to pay off the monthly loan repayment.
Low entry costs — only 10 per cent needed to purchase the unit as the bank provides 80 per cent margin of finance while the developer allows the balance of 10 per cent payment of purchase price to be financed via “the vendor finance scheme”.
During construction period, the developer helps the buyers to pay the entire interest incurred to the bank for the loan amount disbursed (DIBS).
The developer possesses a good track record in reimbursing buyers’ rental income promptly and adequately since 2006 for all completed projects, namely Lexis and Grand Lexis (www.lexispd.com and www.grandlexispd.com)
It is located along an eye catching beachfront stretch (Beachfront properties are very much sought after in Penang Island).
The project is supported by full facilities & services. This will help greatly in securing hotel businesses when in operation and thereby generating more profits, which would be remitted to the purchasers under the lease back scheme or rental guarantee scheme.
The experience of the developer in running the current resorts — Lexis and Grand Lexis has proven the significance of full facilities helped generate hotel revenue to a greater extent.
Lexis Suites is the brainchild of Kuala Lumpur Metro Group (www.klmetropolitan.com), a dynamic and reliable developer that specialises in exclusive, high-end resort homes with a remarkable track record.
For further details about the exhibition and project, call 017-8324932 (Calvin Low) 012-6441986 (Raymond Ng) 012-3282373 (Steven Loh).