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Business EconomyPosted at: Oct 24 2017 6:20PM


New concept of Property Tourism launched, Malaysia's M101 Skywheel enters Indian market for investment

Chennai, Oct 24 (UNI) One of the most well-known promoters from Malaysia, M101, today
announced its foray into the Indian market with an unique investment opportunity for the
Indian public in the Iconic Malaysian Property M101 Skywheel, which has been designed
by the world famous Studio F A Porsche.
Addressing the media here, Dato Seth Yap, CEO, M101 said “historically there have
been very close ties between Tamil Nadu and Malaysia.''
It was a fact that many of the big plantations in Malaysia were owned or controlled by
the Chettiar community who have set up huge businesses in both countries, he said.
He said M101 Skywheel was a true icon rising - it's an engineering masterpiece, with
an 'all-in-one' integrated commercial and retail development, which would herald a new
era to the very historic Kampung Bharu.
Out of 1,000 units from M101 Skywheel’s phase 1, 80 per cent has been sold out,
where the purchase agreement was valued over 400 million Malaysian Ringitts”, he
said.
“Upon completion, M101 Skywheel will be an international tourist destination, helping
to maintain Kuala Lumpur’s spot as a unique destination. M101 is championing ‘Property
Tourism’ as our core business strategy. Instead of building just another integrated
development, we are building a branded development that fits the market’s needs, and
will further elevate Malaysia’s tourism industry,” he added.
YB Dato' Seri Mohamed Nazri bin Abdul Aziz, Minister of Tourism and Culture Malaysia,
said “this project is supported by the Malaysian government. While other developers are
looking at bread and butter products, M101 has taken a bold innovative step to champion
property tourism''.
''By partnering with international brands such as Studio F. A. Porsche and Planet
Hollywood, M101 not only stimulates the property market, but also adds value to the
local economy'', he said.
The project has an estimated Gross Development Value (GDV) of RM2.2 billion.
M101 Skywheel is headed for completion by 2020.
The iconic freehold M101 Skywheel will have three worlds’ number 1, and 1 Asia’s
number 1:
It would be the first in the world integrated development in World design by Studio
F. A Porsche, first in the world Sky Ferries Wheel on the 52nd floor with the highest
vantage point of 220m above the ground level, first in the world highest shopping
experience with a SkyMall that extends from 50th to 52nd level with over 200,000
sq ft of retail space, with diverse product offerings and with an MRT station right
at the door step of development.
It would also have first Planet Hollywood Hotel in Asia.
UNI GV CS1819
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Tags: #New concept of Property Tourism launched# Malaysia's M101 Skywheel enters Indian market for investment
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