Laguna 1 @ Marina Island was built as part of the first phase development on Marina Island in 2008. With careful and deliberate planning by Marina Island Development, Laguna 2 @ Marina Island is expected to join its sister on the island gulf in 2013. Both freehold holiday apartments are part of the 317-acre Marina Island development project that includes a yacht club, multipurpose hall, theme park, oyster farm, education centers and residential areas.The management of Laguna 1 @ Marina Island collaborates with Best Western Hotel chain to offer a leaseback deal to the property buyers. Through the offer, the buyers are guaranteed a 6.5% return per annum for three years. The management will take care of the maintenance and housekeeping of the units on the owners’ behalf. The offer also includes a waiver on the maintenance free of RM220 per month. Owners who participate in this scheme is offered a seven-night stay per year as the rest of the time, the apartment would be used to accommodate tourists. However, those who do not wish to participate in this scheme could enjoy the use of their apartment when they please.Laguna 1 @ Marina Island is expected to attract buyers due to its affordability. At its price, do not be surprised to find out that each unit is fully furnished. The developer predicted that the arrangement will appeal to local buyers and foreigners who are taking part with the ‘Malaysia My Second Home’ programme. The island will certainly appeal to those who want a taste of integrated resort living experience. Marina Island can be reached by car from Kuala Lumpur in three hours.
Property Details
Name: Laguna 1 @ Marina Island Address: Marina Island Pangkor, KM1 Teluk Muroh, 32200 Lumut, Perak Developer: Marina Sanctuary Resort Completion Date: 2008 Type: Apartment Tenure: Freehold No. of Blocks: 1 No. of Storey: 7 No. of Units: 170 No. of Bedrooms: 1 -3 No. of Bathrooms: 1 -3 Maintenance Fee: RM220 Launch Price: RM157,800 – RM303,800Facilities
24-hour security Barbecue area Covered parking Gym Jacuzzi Playground Swimming pool Analysis
Laguna 1 @ Marina Island is certainly one of the many jewels on the Marina Island. With the guaranteed rental return offer, it was no surprise that all the units were sold out within a short time after its launching. The management offered the buyers a lucrative business opportunity that could not be overlooked. Savvy property investors recognized the potential that Laguna 1 @ Marina Island had and grabbed the chance to be a part of the success. Since the completion of the apartment in 2008, the island has gone several changes and developments that continue to prosper the island. With these developments, more tourists and home buyers are coming into the island to either have a vacation or settle down. With more projects and planning that Marina Island Development has, no doubt that Marina Island will attract more visitors in the future.
