My Property Deals by Scott Seow

My Property Deals

Le Meridien Airport Residence -Rackson

Le Meridien - contact Scott for more information +6011-1098 4066

Le Meridien Airport Residence @ Penang Gateway by Rackson

Le Meridien for sale

Le Meridien @ Sungai Ara, Bayan Lepas, Penang

If you need help to let (rent) or to sell your property please click here or WhatsApp us

Who is the developer? – Rackson

Penang Gateway by Rackson- Contact Scot for more info +6011-1098 4066

Key Features / Summary of Le Meridien

Le Meridien Property Type

Le Meridien Hotel Penang and Airport Residence is built in service apartment / hotel project

Le Meridien Tenure

Le Meridien Hotel Penang Project and Airport Residence is a FREEHOLD property

Le Meridien Developer

Rackson

Maintenance Fees

Rm 0.35 psf

Le Meridien Built up / Size

TBU

Le Meridien Date of completion

year 2026 +/-

Total Units of Le Meridien

Total 37 levels
608 units

More About Le Meridien

TBU

  • TBU

Le Meridien Facilities & Floorplan

Facilities & Floorplan

  1. TBU

Le Meridien unit for sale

Unsure of which one to choose? Talk to Us

? sq ft

Type
RM ?
  • Bedrooms
  • Bathrooms
  • LOW Downpayment
  • FREE S&P Legal Fees
  • FREE Loan Legal Fees
  • Monthly Installment:
    RM @ 35 years
    RM @ 30 years
    RM @ 25 years
    RM @ 20 years
    #Assume Interest rate @ 3%

sq ft

Type
RM ?
  • Bedrooms
  • Bathrooms
  • LOW Downpayment
  • FREE S&P Legal Fees
  • FREE Loan Legal Fees
  • Monthly Installment:
    RM @ 35 years
    RM @ 30 years
    RM @ 25 years
    RM @ 20 years
    #Assume Interest rate @ 3%

? sq ft

Type
RM ?
  • Bedrooms
  • Bathrooms
  • LOW Downpayment
  • FREE S&P Legal Fees
  • FREE Loan Legal Fees
  • Monthly Installment:
    RM @ 35 years
    RM @ 30 years
    RM @ 25 years
    RM @ 20 years
    #Assume Interest rate @ 3%

SAVE TODAY

  • FREE Legal Fees For SPA RM
  • FREE Legal Fees for Loan RM
  • FREEBIES RM
  • LOW Downpayment
  • SAVE at least RM

Le Meridien Hotel Penang and Airport ResidenceFull review

Is Le Meridien a Good Buy ?

Our Analysis / Opinion for Le Meridien

Own Stay Purpose

3.5/5

From the overall packages and internal info, we’re not allowed to announce anything yet because the APDL is still pending and some details of Le Meridien Airport Residence still pending to be finalised. 

From the info that I have, the building outlook and facilities I would definitely rate a 4 stars and above but from the sales packages it seems to be that the project itself is encouraging for investors and for rental purpose rather than own stay purpose. That’s all I can disclose for now. 

Come register your interest with me. You’ll get invited to the showroom when it’s ready. 

Investment

4/5

You should definitely consider to pick up a unit here at Le Meridien Airport Residence as an property investment. Reason? The building and the location itself. 

The building of Le Meridien Airport Residence would definitely be the landmark of Bayan Lepas. Imagine every flight lands and opposite the Penang International Airport you can see exactly the building with excellent fascade and design. 

It definitely match my minimum expectation for property investment strategy or concept where you should not lose your interest payment / instalment. In another words, your rental income should at least cover your bank loan interest repayment. From my point of view, Le Meridien can definitely meet the minimum return not to mention potential capital gain.

Return on Investment ROI

4/5

The ROI in terms of rental return will be around 5% per annum. Wanna know how we get that? Get in touch with me now.

Rental & Cash Flow

4/5

As mentioned at the previous ROI section, Le Meridien Airport Residence would grant you a 5% ROI rental return, if the bank interest remains at 3% +/- then the rental income basically can cover your bank loan installment. 

How easy to sell in the future ?

3.5/5

I don’t think it’s hard to sell your unit in the foreseeable future because the building itself will gain enough attraction and attention.

Reason? Location. The very first building that every passenger of a flight will see is definitely gonna be Le Meridien Airport Residence and the building façade itself is also a bonus.

Others

4/5

Upcoming Mitsui Outlet Park, extension of Penang International Airport also further prove the growth of population and tourist visiting Penang will be increasing further

Personal Preferences

4/5

I really like the building façade of Le Meridien Airport Residence and looking forward to explore the rooftop facilities upon its completion. A linked bridge to Mitsui Outlet Park would be another reason for you to pick up a unit here. (Sorry to say i like it more than 22 Macalisterz)

Overall the total units or density is medium and you have the largest Starbucks in Penang with approximately 4,000+/- square feet to be operated here which also further indicates the retails’ confident with the project.

Le Meridien's update

Announcement

6th Jan 2022: Marriott International, Inc. today announced it has signed an agreement with Rackson Hospitality Sdn. Bhd to bring the Paris-born Le Méridien brand to Penang, the ‘Pearl of The Orient’. As part of the Penang Gateway development, the 200-room Le Méridien Penang Airport will be strategically located by the Penang International Airport and will be part of a mixed-use development that will also comprise an independent residential tower, medical center, commercial, and retail space. The hotel construction is due to commence by mid-2022 and is expected to be completed by the end of 2026.

Designed by SA Architects Malaysia, Le Méridien Penang Airport’s distinct timeless chic Mid-Century design is inspired by the brand’s roots in the glamorous halcyon days of travel, something that permeates throughout the Le Méridien experience. The property is slated to feature the brand’s signature Le Méridien Hub, a modern reinterpretation of the traditional hotel lobby for guests to gather, socialize and simply savor the moment. The hotel is anticipated to offer 186 thoughtfully designed guestrooms and 14 suites, including a 2000sqft Presidential Suite. An eclectic mix of dining options can also be expected, including an all-day dining restaurant offering a blend of modern European and Asian buffet, a specialty restaurant, a café with fresh bakes and the brand’s signature Latitude Bar. Plans also call for a Club Lounge, fitness facilities, a pool area with a sundeck and 7000sqft of comfortable meeting and event spaces.

Source: Business Today

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Scott Seow

Scott Seow

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