Monday, February 10, 2014

Melaka Gateway

Melaka is getting 'Bigger'. Yes Bigger! They planned Melaka Gateway, a RM40 Billions planned development on 609 acres land at Pulau Melaka.
Will it be the similar Iskandar? Certainly not. Melaka will continue to be tourism states. With Melaka Gateway, they have bigger and better vision.

Once open in 2018, it is projected to attract more than 900,000 visitors during the first year.

Melaka Gateway is a project with 12 mixed precincts including residential, commercial, cultural, entertainment and lifestyle elements. The full completion is expected b y 2025.

The 12 precincts are Gateway Entertainment Precinct, Melaka Marina & Cruise Centre, Melaka Historical Walk, Gateway Maritime Arena & Beacon, Branded Fashion District, International Theme Park, Melaka Cultural Walk, Waterfront Marina Villas & Resorts, Gateway Wellness & Lifestyle Precinct, Melaka Skyline Apartments, Lohas Park & Residences and Eco Isle Resorts.

Its marina terminal will be the largest in Asia, tapping into the growing number of cruise ships plying the route which currently do not stop at Malacca due to lack of facilities.

Sounds interesting isn't it? Or is this the next ORDOS???

If the planned materialised, the chances for Melaka Gateway looks better.

The master developer had signed memorandums of understanding with five international companies, namely, TRE Development Pte Ltd from Singapore, Skyye Group Pte Ltd from Italy, Rinani International Aero Marine which is a Korean-Malaysian joint venture (JV), Kasen International from China and Royal Caribbean Cruise from the US.
Kasen International is the project's first international investor and will be developing hotels and condominiums with a projected gross development value (GDV) of RM1.9 billion while TRE Development has acquired six acres of land for RM88 million.
Meanwhile, Skyye Group will bring in 200 branded goods and Royal Caribbean Cruise will jointly develop the cruise jetty with KAJD.(source The Sundaily)

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