New township plan for Malacca
By Jason Gerald John
MALACCA: Plans are under way for an integrated township development to turn Malacca into a major destination for the Malaysia My Second Home programme.
The project, combining heritage, culture and nature, will be undertaken by Malaysia Land Properties Sdn Bhd (Mayland) and is expected to be carried out in either Ayer Keroh or the Bemban area.
Mayland founder Tan Sri David Chiu, a Hong Kong-based hotelier and property developer, said the project would kick off once the land was identified and approvals obtained from the authorities.
"We are looking at an investment of between RM500 million to RM1 billion for the new township development project which would be implemented in stages over a period of seven years.
"The integrated township will create its own environment and with Malacca's greenery, hills and coastline, the investment will be worth every single sen.
"Malacca has an exciting and vibrant environment and I feel the state will attract foreigners to make it their second home under the Malaysia My Second Home initiative.
"I was in Malacca about 10 years ago and I returned three months ago, only to be mesmerised with the soothing environment and its excellent lifestyle," said Chiu after having lunch with Chief Minister Datuk Seri Mohd Ali Rustam in Seri Bendahara here yesterday.
Also present was Tourism Minister Datuk Seri Dr Ng Yen Yen.
Chiu said the new township would be a hit among the rich in China, Singapore and Australia.
Dr Ng said 12,000 people had participated in the Malaysia My Second Home programme.
"There is a huge potential for Malacca which is rich in culture, heritage and also its greenery. I feel that this development plan would be a hit among Europeans, especially those in Russia and countries such as Finland where the winter is quite long. Another reason for Malacca to be a preferred choice for those seeking to make Malaysia my second home is the healthcare facilities.
"Malacca currently has three medical specialist centres and with the new resort-like specialist centre, the Hang Tuah Jaya Resort Hospital, scheduled to be opened in 2013, foreigners will prefer to come to a state with a first class medical facility."
Ali said the investment would not only boost the state's economy, but also provide the people of Malacca with an opportunity to generate more income.
"I also proposed to Chiu the possibility of investing in an underwater world or aquarium in the state, especially in the reclaimed area in Klebang."