16 May, KUALA LUMPUR – M101 Holdings Sdn Bhd (M101) has proven the company’s ability of timely delivery. The company recently held a topping-up ceremony for its second development: M101 Bukit Bintang, symbolizing the completion of the development’s structure. The ceremony was attended by the M101’s board of directors’, namely Dato’ Seth Yap, Datin Lea Chan, Dato’ Joseph Yap, Cheong Kok Peng and representatives from First Commerce, the main contractor for M101 Bukit Bintang. M101 Bukit Bintang which will house the world’s first Monopoly hotel, Monopoly Mansion by Sirocco is scheduled to open in 2019.
Dato’ Seth Yap, CEO of M101 said, “The topping up of M101 Bukit Bintang brings us one step closer toward the opening of Monopoly Mansion. We recently closed a group purchase deal worth RM88 million with international buyers. We are very happy to see the people in Malaysia, and overseas also looking forward to the opening of Monopoly Mansion. In less than a month since we have licensed Monopoly from Hasbro, we have sold more than 80 units internationally.”
Monopoly Mansion at M101 Bukit Bintang
M101 signed the licensing agreement with Hasbro earlier in March 2018. The hotel is scheduled to open in 2019. Upon completion, the Monopoly Mansion will be managed and operated by Sirocco. Sirocco brings a wealth of expertise and is currently managing M101’s first hotel, RED by Sirocco, Kuala Lumpur. Sirocco will also be managing the first in Asia Planet Hollywood Suites upon the completion of M101 Skywheel, the Company’s third development. In line with its property tourism strategy, M101 aims to grow Sirocco into the next phase by expanding its regional presence in Bintan and Bali.