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SGX-Listed Hatten Land Unveils Plans for RM200M (US$49.2M) Water Theme Park, Melaka's Largest, in Collaboration with Samsung C T and Polin Waterparks

  • Written by ACN Newswire
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MELAKA, Aug 7, 2018 - (ACN Newswire) - Hatten Land Limited ("Hatten Land"), together with leading resort operator Samsung C&T Corporation and the world's leading designer and installer of water slides, Polin Waterparks, unveiled today plans to build a RM200 million water theme park, the largest in Melaka. The world's first 'sky' theme park is intended to be catalyst for the Malaysian historical city's tourism industry.

YAB Tuan Adly Bin Zahari, the Honourable Chief Minister of Melaka, witnessed the signing ceremony among the three parties to build Splash World @ Harbour City, a 500,000-sq ft water park to be located 14 floors above the ground in the centre of the designated UNESCO World Heritage city, which hosts nearly 17 million visitors a year.

Due for completion by end-2019 and expected to be opened to the public in the first half of 2020, Splash World @ Harbour City will be one of the region's largest water parks with up to 5,200 visitors a day.

Splash World @ Harbour City hopes to attract 850,000 to 1.0 million visitors annually after the first year of operation. The presence of the water theme park may also extend the average length of visitors' stays and increase their average spending per day, which bodes well for the tourism sector. It has an estimated development cost of RM200 million (USD49.2 million).

Hatten Land, listed on the Singapore Exchange and part of the conglomerate Hatten Group, will develop the project. Samsung C&T Corporation of South Korea will be operation advisor and consultant, while Polin Waterparks, headquartered in Turkey, will design and manufacture the water slide attractions.

Nestled between two 30-storey towers on the 14th floor deck of Harbour City @ Melaka, a mixed development shaped like a large ship, the four-storey Splash World @ Harbour City is the first 'in the sky' theme park that will offer an indoor and outdoor waterpark experience with more than one kilometer of water slides.

A man-made river will meander over two floors to intertwine more than 50 attractions, including 11 extreme slides for thrill-seekers, a Sky Beach, and a dedicated children's water play park. After dark, the Cosmic Waters light show will illuminate the park, accompanied by a water circus, trapeze stunts and other entertainment in a special amphitheatre.

The scale and concept of the project will reshape tourism in Melaka. Founded in along the Straits of Melaka in the 14th century, the port and spice hub witnessed waves of Portuguese, Dutch and British colonial rule for nearly five centuries before independence of then-Malaya in 1957, six years before the formation of Malaysia. It was visited at least five times in the 15th century by the famous Ming Dynasty Admiral Zhenghe (Cheng Ho) during his legendary seven voyages to the western ocean. Today, it is Malaysia's second-most visited city after the capital Kuala Lumpur.

"Melaka is rich in historical significance not just for Malaysia but the whole of Southeast Asia. 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," said Melaka Chief Minister YAB Tuan Adly Bin Zahari.

"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 added.

"Splash World @ Harbour City is a hugely important project which underscores Hatten Land's commitment to the long-term development of Melaka. We are partnering world-renowned leaders in their respective fields - Samsung C&T Corporation and Polin Waterparks - to place Melaka on the world map as a must-visit destination. We are grateful to the Government of Melaka and the Malaysian authorities for their support of this project," said Dato' Colin Tan, Executive Chairman and Managing Director of Hatten Land.

Samsung C&T's resort group is the owner and operator of South Korea's popular Everland Resort, which hosts 8 million visitors per year. Everland Resort consists of the Everland theme park, which integrates attractions, shows, zoos, and gardens, as well as the Caribbean Bay waterpark, which features world-class facilities and services. It is a leading global operator and service provider for resorts, as well as golf courses, food supply and landscaping.

"Riding on our success with the Everland and Caribbean Bay resorts, we are pleased to offer our services and operational expertise in this new venture with Hatten's Splash World @ Harbour City. This is our first foray into Malaysia and we are optimistic about future growth in Melaka's tourism industry," said Mr. Tommy Byungsuk Jeong, General Manager of Everland Resort and Executive Vice President of Samsung C&T.

Polin Waterparks is a multi-award-winning global leader in the design, production, engineering and installation of waterparks and water slides that incorporate efficient smart design features. With a track record of 3,000 waterpark projects in 105 countries, it is the largest water slide supplier to waterparks in Eurasia.

"Splash World @ Harbour City is an exciting new destination for Malaysia and one of the region's few major waterparks. Polin Waterparks is honoured to be appointed to design and install Hatten's choice of hybrid ride designs to create a one-of-a-kind experience for Splash World's guests," said Emre Buyukgungor, Regional Sales Director of Polin Waterparks.

Harbour City, which has a total estimated gross development value of RM2.2 billion (USD541 million), spans 4.5 million square feet in built-up area. It is a themed mixed development that incorporates retail, hospitality and entertainment elements, and is located on Pulau Melaka.

Issued on behalf of Hatten Land by WeR1 Consultants Pte Ltd.

Media & IR AgencyWeR1 Consultants Pte. Ltd.Mr Harold Woo and Ms May BarzaE: [email protected][1] T: +65 6737 4844

Hatten Land LimitedSingaporeMr Clarence ChongE: [email protected][2] T: +65 6690 3136

MalaysiaMs Shieh Lyi Tan E: [email protected][3] T: +606 282 1828

About Hatten Land Limited

Hatten Land Limited is one of the leading property developers in Malaysia specialising in integrated residential, hotel and commercial developments. Headquartered in Melaka, it is the property development arm of the conglomerate Hatten Group, which is a leading brand in Malaysia with core businesses in property development, property investment, hospitality, retail and education.

Hatten Land's current development portfolio comprises five integrated mixed-use development projects and one retail mall in Melaka, Malaysia. They are:

1. Hatten City Phase 1 (incorporating Elements Mall, SilverScape Residences, Hatten Place, and a tower block that has been taken up by DoubleTree by Hilton); 2. Hatten City Phase 2 (incorporating Imperio Mall and Imperio Residence);3. Harbour City (incorporating a mall, a theme park and three hotels);4. Satori (incorporating a retail mall, hotel and serviced residences); 5. Vedro by the River (a retail mall); and6. The MICC Project (incorporating a shopping mall, cineplex, convention hall, an auditorium, meeting rooms, a hotel and a serviced apartment block).

Hatten Land Limited (SGX: PH0) began trading on the Catalist board of SGX-ST on 28 February 2017 after the completion of a reverse takeover of VGO Corporation Limited.

For more information, visit: www.hattenland.com.sg[4]

This press release has been prepared by the Company and its contents have been reviewed by the Sponsor for compliance with the SGX-ST Listing Manual Section B: Rules of Catalist. The Sponsor has not verified the contents of this press release.

This press release has not been examined or approved by the SGX-ST. The Sponsor and the SGX-ST assume no responsibility for the contents of this press release, including the accuracy, completeness or correctness of any of the information, statements or opinions made or reports contained in this press release.

The contact person for the Sponsor is Mr Alvin Soh, Head of Catalist Operations, Senior Vice President, at 8 Anthony Road, #01-01, Singapore 229957, telephone +65 6590 6881.

Full press release, with Appendix, can be viewed at:http://www.acnnewswire.com/clientreports/598/Hatten_180807.pdf [5]

Topic: Press release summarySectors: Daily Finance, Real Estate, Travel & Tourism, Daily News, Const/Eng[6][7][8][9][10] http://www.acnnewswire.com From the Asia Corporate News Network

Copyright © 2018 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.

References

  1. ^ [email protected] (www.acnnewswire.com)
  2. ^ [email protected] (www.acnnewswire.com)
  3. ^ [email protected] (www.acnnewswire.com)
  4. ^ www.hattenland.com.sg (www.hattenland.com.sg)
  5. ^ http://www.acnnewswire.com/clientreports/598/Hatten_180807.pdf (www.acnnewswire.com)
  6. ^ Daily Finance (www.acnnewswire.com)
  7. ^ Real Estate (www.acnnewswire.com)
  8. ^ Travel & Tourism (www.acnnewswire.com)
  9. ^ Daily News (www.acnnewswire.com)
  10. ^ Const/Eng (www.acnnewswire.com)

Authors: ACN Newswire

Read more http://www.acnnewswire.com/press-release/english/45289/

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