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real estate

Reasons why you should move to Malacca

Buying Property Malacca


Real estate has become among the top investments in the world today. Among the places to look out for are in Southeast Asia, where you can buy a house in Malaysia. Malacca is a quick fix to all those who love traveling since it has been described as a tourist destination. It provides an experience travelers cannot get anywhere else.

==Rich History==

The Malacca museums have been a tourist attraction site for the longest time. They vary from Peranakan heritage to colonial and unique museums. A close look at the archives gives visitors a unique opportunity to learn about the Malacca history as well as enjoy the sites the museums have to offer. Apart from the history and the sites, one can also look at the extensive collections of artifacts lined up at the Aborigines, Maritime, Kite, Baba Nyonya, Straits Chinese Jewellery, Malaysia Prison, Heritage, People’s, Toy and the Submarine Museum, all in Malacca.

Other than enjoying the beautiful sites, Malacca is about sharing the Malaysia history. Malacca, described as the home of historical heritage, has played a vital role in the Malaysia history in that it was the first entry point for colonialists during the old war and has been listed as a World Heritage Site by UNESCO. Among the primary historical sites are the Peranakan and the colonial heritage sites.


A variety of places worth exploring is the Christ Church Melaka, Famosa Fort, and St Peter’s Church, built in 1710 by Portuguese Catholics, Cheng Hoon Teng Temple, the Dutch Square, Queen Victoria Memorial Fountain, The Stadthuys and St Paul’s Hills.

St Peter’s Church is the oldest in the country and was completed during the Dutch administration. Old as it may be, services are still conducted in the church halls. A bell at St Peter’s is evidence it was built in the 17th century as well as a Christ alabaster statue.

Other historical buildings in Malacca include the Syed Al Attas Mansion, which reminds one of the Malacca Muslim rules. It is reflective of the Muslim lifestyle as practiced during that era.

==Chinatown Street in Malacca==

There are other places worth visiting in Malacca, such as the Jonker Street. It may be equated to the Chinatown Street, also called by locals ‘Jalan Jang Hebat’. What stands out at Jonker is the Malacca River, which makes the scene even more vibrant. The Heeren Street near Jonker Street has been listed among the top must-see destinations in Malacca.

Visitors are mostly attracted by the buildings that have today been transformed into old joints and famous restaurants. These are places that were once occupied by rich Malacca families and was therefore referred to as the Millionaires’ Row. The street that was once only covered by the rich is now open for everyone, rich or not.

The street is full of shop houses on either side, which gives travelers a feel of the 17th Century. The shop houses are sometimes used as textile shops, food courts, souvenir outlets and antique kiosks. During the weekends, visitors are encouraged to taste the local food and join the bargain battle with the vendors out to make profits against the visitors’ wishes to fetch the lowest prices.

==Affordable Hotel with Quality Service==

Your visit will not be memorable (for all the right reasons) if your stay is almost uncomfortable. Ensure you book the best Malacca hotel that exhibits the classic themes of the region. Such hotels are readily available, and the cost varies from low-budget to high-profile expenses. They include Casa del Rio Melaka and The Majestic Malacca in the high-end category.

The budget options are such as Layang-Layang Guest House, Gingerflower Boutique Hotel, Hotel Da Som Inn and Imperial Heritage Melaka. The hotels are keen on keeping a good reputation seeing as the business depends on word on the street from the travelers.

What is more attractive about Malacca is the people and their rich ethnicity. The communities have blended into one rich culture full of diversity. Visitors are welcome to be part of the diversification and live in peaceful co-existence with the Malacca people. The river cuts through Malacca to the Malacca Straits. There are motorboats in the river that give an opportunity for sightseeing.

The Malacca River Cruise, for instance, lasts about 45 minutes, giving riders the chance to take in all the fantastic views Malacca has to offer, at a fee of RM10 for adults and RM5 for children, especially holders of Mycard. For foreigners, the charges will attract an additional RM5. Visitors need not worry about missing the cruise as it is open from 9am-12am. The night cruise is far more enjoyable because of the riverside punctuated by the lights.

==Preferred Destination For Foodies==

Malacca is not only about the history and the buildings, but it is also about quality food served in top-notch restaurants. Located on Jonker Street, Nancy’s Kitchen offers the delicious Nyonya cuisine. The interior design has a feel of a home or the familiar neighborhood that reminds you of your kitchen. It is mostly preferred because it serves hot dishes. The only problem is that the food is not Halal, which means Muslims are locked out.

The other restaurant worth exploring is the Capitol, which is not only affordable but also ranked among the best in Malacca. This explains why it is always flooded with customers. There is a variety of almost 80 vegetables and seafood dishes, which explains the long queues that are a constant feature of Capitol.

Meanwhile, The Baboon House keeps visitors enjoying their food while sitting in an open courtyard. This arrangement takes advantage of the vast space that is brought to life by the modern furniture. What makes it feel more at home is the presence of the owner’s cat and dog. Baboon House serves American dishes.

==The Malacca Nightlife==

Malacca’s GoGo KTV Lounge is famous because of its jetty shape. It is located between Mahkota Melaka and the Holiday Inn Melaka. Although it is small, it has a variety of punch flavors that are bound to keep guests entertained, if not the punch, then the number of TV on the walls will.

Related Article: Top 20 things to do in Malacca

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IMPRESSION CITY BY END 2017

Yong Tai Berhad : bullish on Impression City
     
02/24/2016 | 03:12 am
KUALA LUMPUR: YONG Tai Bhd expects its RM5.4 billion project in Malacca to generate net profit margin of 20 per cent, which would help to sustain the company’s earnings in the long term.

The garment maker-turned-property developer, which has been loss- making for several years, expects to return to the black this year with contribution coming from the real estate sector.

The company, which has pockets of developments in the Klang Valley and Johor, is planning to develop Impression City on a 47.03ha site in Malacca.

The project would be developed in 11 phases and over 10 years, said its executive director Boo Kuang Loon.

Construction for Phase 1 would start in the third quarter of this year and feature retail and commercial units, said Boo at a luncheon hosted by MIDF Amanah Investment Bank Bhd, here, yesterday.

It is expected to have a gross development value of RM1.1 billion,

The catalyst for the commercial-led Impression City is the Impression Melaka performing arts theatre, to be built on the 47.03ha site.

Construction of Impression Melaka, the jewel of the company, will start next month at a cost of RM300 million and includes land acquisition. The opening is slated for end-2017.

Boo said although Impression Melaka required a huge capital investment, the returns would be long term and attractive.

It would take two years to construct and the projected returns would start from 2018 onwards, he added.

With 15 million tourists visiting Malacca annually, Yong Tai hopes to attract at least 1.1 million visitors to Impression Melaka, with 40 per cent coming from China.

The company is also targeting visitors from Southeast Asia (30 per cent), Asia (20 per cent) and the rest from the Middle East, Europe and the United States.

“With two shows a day and tickets priced at RM120 per person, we are poised to achieve a revenue of RM140 million a year, including the sale of souvenirs and merchandise. For this business, we are targeting a profit margin of 50 per cent. This would net us a profit of around RM60 million a year.

“There are many more upsides, such as increasing the ticket prices and having up to four shows a day. This is the potential of Yong Tai in the future,” said Boo.

“For the next two years we are at the investing stage and would generate profits. But the profits would not be much to give dividends,” he said.

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

MELAKA IMPRESSIONS AND IMPRESSIONS CITY IMPACT ON YONG TAI

KUALA LUMPUR: RHB Research projects a multi-fold rise in net profit for Yong Tai as the former garment company focuses on property development.

“This would be underpinned by the Impression City project, which would see a potential total gross development value (GDV) rise to RM6.1bil from RM164mil currently,” it said.

The research house said this  ought to keep the group busy for the next eight to 10 years. Impression Melaka, it added, offers a further upside to both earnings and valuations.

“We estimate a valuation range of RM1.03 to RM1.18,” it said as it initiated coverage.

RHB Research said in line with the group’s overall expansion plan into the property sector, Yong Tai has announced several proposals.

They are the RM37mil acquisition of a 17 acre plot in Melaka (Impression Land) for the development of a theatre to produce the Impression Melaka as well as the acquisition of PTS Impression (to hold a 30-year license to stage the show) for RM3mil. It also has a joint venture to develop 100 acres of land adjacent to the Impression Land.

The company is also undertaking a fund-raising exercise to raise more than RM300mil.

“The proposals are expected to be completed/take effect by 1HFY17 (June),” it said.

RHB Research said Impression Melaka, which is the first of its kind outside China, is a live cinematography show that utilises the latest light and sound technologies, modern art concepts and cultural performers.

This is to be the first live largescale Impression Series outside of China and is one of the “entry point project” within the National Key Economic Area (NKEA) initiative for the tourism sector. The performing arts centre is estimated to cost RM300mil, with completion targeted for end-2017.

“Management expects Impression Melaka to contribute RM50mil to RM60milper annum in bottomline thereafter,” it said.

The research house said Impression City is expected to contribute RM5.4bil to total GDV. Concurrent with the construction of the theatre for Impression Melaka, Yong Tai is to develop the land adjacent to it (the development collectively known as Impression City).

The mixed development project includes residential, commercial and retail units. The total GDV over an eight to 10 years period is estimated to be RM5.4bil.

“Management believes the Impression Melaka project would spur the growth of tourism and related industries such as real estate, hotels and eateries, that is catalysts for Impression City.

“We project for Yong Tai to turn around and post a net profit of RM14mil in FY17, accelerating to RM64mil in FY18. This is underpinned by the progress of its property projects. Our forecasts do not factor in the contribution from Impression Melaka, which we have pushed to FY19.

“We derive an indicative valuation estimate range of RM1.03 to  RM1.18 (fully diluted) based on SOP. The low end of our valuation range excludes Impression Melaka while, for its property development business, we have ascribed a 40% discount to its RNAV.

“The top end of our valuation range incorporates the show, where we estimate the business to be worth RM107mil based on DCF. We see upside to our valuation for Impression Melaka as execution risks ease. Our indicative valuation estimate range implies an FY18F P/E of seven to eight times (10.6 to 12 times, fully diluted),” it said.

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

Top 10 Perth city experiences

So you’re in Perth, Australia and you’ve only figured out that this vibrant, enterprising city has copiousness to offer. But you’re wondering where to start.

Well, consternation no longer; here is a list of a tip 10 city experiences:

1) Discover desirable dark laneway-bars, and eat, splash and explore!
There’s a preference for all tastes as new watering holes continue to open around a city, any with a singular offering. Join a hip crowds in bars down Howard Lane, Wolfe Lane and Queen Street.

Perth - Kings Park Festival

Kings Park Festival. © Christian Sprogoe Photography

2) Spend a idle afternoon in Kings Park Botanic Garden.
Stretch your legs and travel from a city or bound on a city-sites tram. One of a largest middle city parks in a world, a views from Kings Park over-looking a Swan River and city skyline are superb. Pack a picnic, see a film during a open atmosphere cinema during summer, or marvel during a colour of internal wildflowers as they freshness in a spring. (For more:  www.bgpa.wa.gov.au)

3) Be entertained by a full choice of music, sport, food, entertainment and informative events.
Check out a Hyundai Hopman Cup (January), Perth International Arts Festival (February), Sculpture by a Sea (March), Perth Fashion Festival (September), or Perth International (October) and many some-more via a year. (For more:  www.westernaustralia.com/sg/Things_to_See_and_Do/Events/Pages/events.aspx)

4) Check-out Perth’s middle city precincts.
Easily permitted from a city, a high streets of Leederville, Mount Lawley, Subiaco, Mount Hawthorn, South Perth, and Victoria Park all benefaction their possess singular essence of restaurants, bars, and boutique shopping.

5) Visit a World’s oldest bullion mint.
The Perth Mint is still handling from a strange premises and is home to a World’s biggest collection of investment bullion bars and Australia’s largest bullion gob collection. (For more: www.perthmint.com.au)

6) Indulge in a informative feast during Perth’s Cultural Centre, home to a Art Gallery of WA (artgallery.wa.gov.au), a WA Museum (museum.wa.gov.au), State Library, a Perth Institute of Contemporary Arts (pica.org.au) and a State Theatre (statetheatrewa.com.au).
This heart in Northbridge is a ideal place to spend a day awakening your informative senses. All venues are only a bullion silver concession and exhibitions change frequently.

7) Take a scenic moody for a birds-eye-view of a city
A perspective from above will make we realize only how fantastic Perth’s surrounds, including a Swan River and white seashore is.

Cappuccino Strip

Mix with a locals on a ‘cappuccino-strip’ (South Terrace) in Fremantle.

8) Take a day trip.
There are copiousness of destinations within easy strech of Perth city centre – ideal for day-tripping or spending a night. Take a packet to Rottnest Island; tease your tastebuds in a Swan Valley booze region; suffer a ancestral sights of York; try a strand city of Mandurah; or brew with a locals on a ‘cappuccino-strip’ (South Terrace) in Fremantle.

9) Shop internal and general engineer labels.
Fashionistas group to King Street to pick-up a latest engineer looks or smart suburban precincts, while on William Street in Northbridge it’s all about selected finds.

10) Sail down a Swan.
Named after a black Swans that call it home, a Swan River is truly a heart of Perth, and meets a Indian Ocean only a few kilometres west. A packet from Barrack Street Jetty is one of a best ways to suffer a Swan River as good as see some of Perth’s best genuine estate.

For some-more Perth deals revisit http://www.bestperthdeals.com/

Kalgoorlie

The good life

Australia

Pristine Perth

Animal lovers get to hand-feed red kangaroos during a Caversham Wildlife Park in Swan Valley, Perth

No default of fun in Perth

Pinnacles Dessert

Extraordinary informal practice divided from Perth

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