CFA Society Singapore
SINGAPORE (Aug 7): Hatten Land intends to jointly build a RM200 million ($67 million) water themepark in Melaka, Malaysia, in collaboration with resort operator Samsung C&T Corp and Polin Waterparks, the designer and installer of water slides.
Named Splash World @ Harbour City, the four-storey water park spanning 500,000 sf is expected to complete construction by end 2019 and be open to the public in 1H20 with a capacity of 5,200 visitors per day.
It will be located on the 14th floor deck of Harbour [email protected], a mixed development in the centre of World Heritage city between two 30-storey towers.
Hatten Land, the property development arm of Malaysian conglomerate Hatten Group, will develop the project with Korea’s Samsung C&T Corp serving as operation advisor and consultant. Polin Waterparks, which is headquartered in Turkey, will design and manufacture the water slide attractions.
Once completed, the park will offer both an indoor and outdoor waterpark experience with over 1km of water slides and over 50 attractions including 11 extreme slides, a Sky Beach, and a dedicated children’s water play park.
In a Tuesday release, Hatten Land says it aims for Splash World @ Harbour City to attract 850,000 to 1 million visitors annually after the park’s first year of operation.
It is set to be the world’s first “sky” themepark, and one that Hatten Land expects to “reshape tourism” in Melaka.
“Splash World @ Harbour City will bring a transformational new dimension to our travel and leisure landscape and make Melaka an even more compelling international attraction,” says Melaka Chief Minister YAB Tuan Adly Bin Zahari, who witnessed the signing ceremony among the three parties to build Splash World @ Harbour City.
“The impact of this project will resonate beyond tourism to the broader economy, creating new jobs and opportunities for international economic partnerships and even direct investments,” he adds.
As at 3.10pm, shares in Hatten Land are trading 1.45% higher at 14 cents.