Embique Condotel: The best of a condo and hotel
Having a unit of a condominium which will be operated as a hotel room? Why not? The idea may not be in everyone’s mind but those who aim to diversify their portfolio in property investment will be passionate about this. A real estate company that creates exciting and sustainable business opportunities, HLT Land Sdn Bhd has unveiled its latest venture known as Embique Condotel.
Standing tall in the prime location city center at Jalan Parameswara, Malacca, Embique Condotel is a low-density freehold development project with only 152 units available to the market. The unique development will be managed by a renowned property management company and hospitality operator, MyKey Global. With a vision to provide warm and luxurious accommodation experience to their property occupants, MyKey helps their property investors to achieve higher rental yield than market rate.
Embique Condotel offers six types of units which varies in terms of the built-up area and prices. For the smallest unit, the built-up area starts from 460 sqft with the starting price of RM345,000 and the biggest unit boasts the built-up area of 1,139 sqft with the price starting from RM854,000.
Wouldn’t you be tempted to own a unit with a potential ‘hotel brand’ given that the price is considered affordable to the mass? It is said to be around 20 percent to 30 percent lower than market rate and what makes it even more interesting is all the units will be fully equipped with furnishing and electrical appliances.
Even if you are not local, you still stand a chance to be part of the development as Embique Condotel can be purchased by foreigners. They are eligible to purchase above RM500,000 per unit and subject to application and approval of State’s Foreigner Consent.
Embique Condotel is currently under construction and it is slated to full completion in the last quarter of 2023. The commencement of operation is expected to be in the third quarter of 2023. Surrounded by aplenty of tourist attractions, restaurants, shopping and word-class educational institutions, Embique Hotel is poised to offer potential higher return during Malacca’s peak season which falls in January, February, June, September and December.
As a condotel, Embique Condotel has all the amenities that every visitors or tourists are looking for during their stay including a welcoming open concept main lobby, swimming pool, fitness gym, restaurants dining with a swimmping pool skylight, coworking live space, dazzling bar lounge and the first automated basement parking system in Malacca. The drop-off area is at the lobby and the visitor’s car will be parked by the in-house jockeys.
Besides, the condotel provides meeting room and event space. To those who wanted to have their meetings and gathering while enjoying the city center and sea view.
Another good news to the unit’s owner, apart from getting their own return from their dedicated unit, there is also an additional revenue sharing which comes from the rental of rentable common spaces. The spaces include event room and meeting room, restaurant and bar lounge.
Now, will you grab the chance to own a unit of Embique Condotel? You really should!
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