A popular hotspot to explore Malaysia’s historical trail, Malacca has attracted scores of tourists over the years. Today, Malacca is embracing its rich cultural heritage and riding into the future with plans for urbanisation built around its strong legacy and historical roots. With much room for growth in a state just about 2 hours away from greater Kuala Lumpur, Malacca presents excellent potential for shopping malls, retail outlets and residential properties.
Marina Point hits the scene
The centuries-old state of Malacca is set to welcome another symbol of modernisation – the Marina Point in Klebang, a condomimium development located approximately 15 minutes away from the historical Bandar Hilir in downtown Malacca. The development is a first by Sanichi Property Sdn Bhd. Promising an integrated lifestyle of glitz, glamour and convenience, the Marina Point offers homes with a unique sense of versatility.
Comprising 4 layout designs, residential units at Marina Point come in spacious built-up sizes as follows:
- Type A – 757 sq ft (1-bedroom, 1-bathroom)
- Type B – 721 sq ft (1-bedroom, 1-bathroom)
- Type C – 1,092 sq ft (3-bedroom, 2-bathroom)
- Type D – 2,648 sq ft (2-bedrooms, 2-bathroom)
The homes epitomise unique style, contemporary functionality and well-defined family spaces with an option of either a view of the pool or the picturesque seafront.
Designed to cater to the modern lifestyle of today’s generation, Marina Point offers discerning buyers an exciting range of facilities. Rest assured that residents’ safety is a top-most priority at Marina Point with its 3-tiered security system comprising key access card to lobbies and lifts, 24-hour surveillance, perimeter fencing, internal security systems and CCTV coverage. Visitor verification is carried out at the entry point.
Marina Point presents nothing short but the best in recreational facilities which include a swimming pool, a children’s pool, sauna, spa and gymnasium, meeting and function rooms, a terrace café and a scenic roof-top garden.
Units are priced from RM375,000 to RM1.4 million. The developer is offering eligible buyers attractive home-ownership packages that include a minimum booking fee of RM5,000, a 10% rebate on the purchase price and free legal fees for SPA and loan documentation.
Located along the main nerve of Jalan Klebang Besar, Marina Point enjoy an excellent locale surrounded by a wide array of amenities and conveniences. A lifestyle-concept mall is set to take root at the doorstep of the development opening up a sea of leisure, shopping, dining and recreational outlets.
Marina Point in the coastal town of Klebang is easily accessible via major access roads such as the Malacca Coastal highway, the North-South Expressway and Jalan Tengkera. The deep-sea port called China Port is just 2 minutes’ distance from Marina Point. Klebang is also home to several popular tourist hotspots such as the Submarine Museum, the Klebang Besar beach and the 1Malaysia Square
The 900-acre world-class resort of Cheng Ho City, inspired by the legendary Admiral Cheng Ho from the 14th century, is also a stone’s throw from Marina Point. The central business district of Malacca, Mahkota Parade, Holiday Inn, the heritage row of Jonker Street and Dataran Pahlawan are approximately 7 minutes away.
Oriental Melaka Hospital is just 3 minutes away while the Malacca General Hospital and Mahkota Medical Centre are approximately 10 minutes’ away from Marina Point.
A robust property sector in Malacca
Malacca’s property sector has grown tremendously over the last two decades with increasing demand for urban residences and commercial properties. Klebang is among the most sought-after urban centres in Malacca especially with its close proximity to the central business district. The state’s constantly improving infrastructure has bolstered the property sector in many such urban centres.
A study by iProperty.com on residential property prices in Klebang and surrounding areas, reveals that the highest average price per sq ft for residential properties is in Klebang at RM184 per sq ft. Other neighbourhoods such as Malacca City, Bukit Baru, Cheng, Batu Berendam, Balai Panjang, Bukit Katil, Tanjong Minyak and Krubong recorded prices ranging from RM105 – RM158 per sq ft. Malacca City comes in second after Klebang at RM158 per sq ft, followed by Bukit Baru at RM138 per sq ft and Cheng at RM136 per sq ft.
With properties similar to Marina Point offering prices ranging from RM490 – RM850 per sq ft, Marina Point offers the most competitive price range from RM460 per sq ft to RM620 per sq ft. Rental rates for units at Marina Point are expected to fetch between RM1,200 to RM2,000 per month or daily rates of RM300 to RM600.
Malacca poses a melting pot in the central region of Peninsular Malaysia with its close proximity to the bustling urban hub of the Klang Valley and other major townships such as Seremban and Muar.
“There is a lot of potential for shopping malls and retail outlets as the tourism market in Malacca is strong, with a lot of room to grow. The state sees a high volume of tourists, especially during the school holidays and long weekends,” said Datuk Anthony Adam Choo, JP, Branch Chairman of the Real Estate & Housing Developers’ Association (REHDA) Malacca.
“As long as Malacca remains a tourist hotspot, the office spaces and retail lots will be filled up. This is definitely achievable; according to the Tourism Promotion Division, the number of visitors to Malacca has doubled since 2008, to 14.31 million in 2014, whilst tourist receipts increased from RM3.8 million in 2008 to RM 10.9 million in 2013,” he adds.
With the signing of the MoU between the Malacca State Government and the Guangdong Provincial Governor, to construct a Maritime Industrial Park in Malaysia, as well as the state government’s plans to expand the Batu Berendam Airport, Malacca is well on its way to becoming a successful business, industrial and maritime hub in central Peninsular.
The state recently welcomed new malls such as The Shore Shopping Gallery, located along the Malacca River Cruise route and the Freeport A’Famosa Outlet which presents a wide variety of designer brands. In addition to that, the Malacca Gateway project and The Gateway Beacon Tower are set to ramp up demand for properties in Klebang. The Hatten Suites and Shoppes as well as Hatten Hotel is set to come up adjacent to Marina Point.
In recent years, foreign investments in Malacca has seen a steady increase especially with the robust development happening in the state and the upcoming HSR (High-speed-rail) project which is expected to be operational in 2026. The HSR station in Malacca will be located at Ayer Keroh which is currently 25 minutes away by road.
Sanichi Property Sdn Bhd – the sky’s the limit
Marina Point is a first for Sanichi Property Sdn Bhd, a subsidiary of Sanichi Technology Berhad, which is involved in precision plastic injection moulding. Despite the recent slowdown in the property market, Sanichi is optimistic about the prospects of its maiden project in Klebang, Malacca. The Group is currently planning to acquire land banks in Selangor to expand its property development exploits to include high-rise urban development projects.
For more information on Marina Point, contact 606-315 2888/ 016-262 3808/ 011-4039 3519.