MALACCA TOPS SINGAPOREAN DESTINATION

This blogspot is being created to compliment our main Tourism Melaka website at www.tourism-melaka.com.

We hope to write our comments and views on the development of the tourism sector in Melaka so that old cultural jewels can be retained and new ones generated to attract more visitors to our Melakan shores.

For us to continue our journey, we like to invite visitors to pen their comments and views so that we can create a sustainable and vibrant tourism sector in Melaka.

Enjoy.

TW Kang

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YONG TAI EXPANDS LAND BANK IN MALACCA

Yong Tai Acquires Two Parcels of Land in Malacca
• March 22, 2017


Key player in the tourism and cultural development in Malacca, Yong Tai Berhad will embark on two mega property projects with GDV of RM2.3 billion.

Yong Tai Bhd has acquired two parcels of land within the Impression City project in Malacca from Mustazah Osman and Laila Endut of Laila Development Sdn Bhd for RM35 million, reported The Sun Daily.

In a Bursa Malaysia filing, Yong Tai revealed that the acquisition price will be funded via a mix of bank borrowings and/or internally generated funds.

The property developer intends to develop the six acre land into a mixed development project comprising retail units, a hotel and serviced apartments.

With a gross development value (GDV) of RM1.1 billion and a gross development cost (GDC) of RM800 million, the project, which is set to be completed in five years, will yield a potential gross profit of RM300 million.

Meanwhile, Yong Tai’s fully-owned unit YTB Impression Sdn Bhd has inked a joint development agreement with JM Bestari Land Sdn Bhd for the development of another piece of land in Melaka Tengah.

Set to be completed in five years, the project will include retail, office and commercial units.

It is expected to have a GDV of RM1.2 billion and a GDC of RM800 million, resulting to a potential gross development profit of RM400 million.

Article source: http://tourism-melaka.blogspot.com/feeds/posts/default

Cruise Ship Insignia at Senari Port Kuching

Cruise Ship Insignia at Senari Port Kuching

Kuching, Wednesday – Cruise Ship Insignia, US arrived at 8am today at Senari Port Kuching carrying 562 pax.

Sarawak Tourism hosted a traditional welcoming garlanding for dissembarking passengers visiting Kuching City, Semenggoh Nature Reserve, Bako National Park Sarawak Cultural Village.

Cruise Ship InsigniaCruise Ship InsigniaCruise Ship InsigniaCruise Ship InsigniaCruise Ship Insignia

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