“All the hotels and experiential centre will be [located] at the nine towers [while] the lifestyle and entertainment [centre] will be at the 135-acre [parcel] where Encore Melaka [currently] sits, therefore pulling a lot of tourists into Melaka in the future.
The Sail, with a gross development value (GDV) of RM6.
With so many projects in Melaka which have not quite made it yet, could Sheng Tai International’s The Sail Melaka development succeed? What is the underlying confidence for its chairman and founder Datuk Leong Sir Ley in pursuing this and what is the secret to sustaining Sheng Tai’s cash flow in times like this? Here is an excerpt of EdgeProp.
“Of course, there are [good and] bad times, but I would say, like a glass of water, you can say it is either half filled or half empty.
KUALA LUMPUR (July 23): Property developer Sheng Tai International has unveiled Maritime Cultural Tower, part of the ongoing development of the project The Sail Melaka, with an estimated gross development value (GDV) of RM1 billion which is slated to be completed in 2026.
KUALA LUMPUR (March 19): Property outfit Sheng Tai International Sdn Bhd (Sheng Tai) has inked an agreement with global workspace provider International Workplace Group plc (IWG) with brands including Regus and Spaces.
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