Visionary developer, Sheng Tai International Sdn Bhd (STI) founded by Dato’ Leong Sir Ley recently launched The Sail Experiential Centre, Phase One of its iconic mixed development, The Sail Melaka. Graced by Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz, Minister of International Trade & Industry, the event was attended by over 800 guests and business partners including international investors from over 15 countries such as Hong Kong, Japan, Korea, China, Dubai, Indonesia, Taiwan, Singapore, the Middle East, Russia, the United States, the United Kingdom and more.
The completed Phase One comprises the LSL Ballroom, Sheng Yan Restaurant and retail units, which have been fully tena nted by Japanese business owners and are scheduled to open for business beginning Q1 2023.
Scheduled for full completion by 2033, the RM6.5 bil The Sail Melaka is an iconic mixed-development aimed at revolutionising Melaka’s tourism industry and transforming Melaka into an international and lifestyle destination. One of the tallest nine-tower linked structures in the world, it is situated on a 27.5-acre plot strategically located in Kota Laksamana at the heart of the 33km Melaka Waterfront Economic Zone (M-WEZ), next to the Melaka Coastal Highway.
The Wellness, Cultural and AI towers as well as the 100K sq ft Snow Park & Ski Centre are in the planning and designing stage now while the M Tower has been fully taken up by Hong Kong celebrity and former beauty queen Michelle Reis.
In her speech, Dato’ Leong shared her mission of gathering people from all over the world to come to Melaka to revive the cosmopolitan vibe some 500 years ago during the height of the Malacca Sultanate. Through The Sail Melaka, the developer hopes that people will be able to experience the vibrant atmosphere and enjoy Malaysian hospitality, food and culture, and especially the unique diversity of Melaka.
“Realising that a ‘new language’ has emerged after the three-year pandemic, this inspired me to gather international business owners from around the world, who through these initiatives, would come to The Sail and help us start new businesses, create job opportunities, facilitate the import of talent into the city and showcase Melaka on the international stage.”
The developer will initially focus on arts and culture, fashion, wellness and artificial intelligence (AI) initiatives as part of her grand design to place Melaka on the world map.
Boosting the economy
STI is taking property tourism to a whole new level by bringing in new business opportunities and creating jobs through The Sail which would also complement the local property market.
“We are laying the foundation for initiatives such as hub set-ups, fabulous hotels, F&B outlets, a showcase of small businesses, improved logistics in the area as well as encouraging business migration from overseas into the country. This will help boost the economy and bring Foreign Direct Investment and business into Melaka and the country. It’s a big vision but I believe in it,” says Leong, who is also Sheng Tai International’s Chairman and Group President.
“We will start with creating jobs related to the fashion and arts through our Straits Designers’ Gallery (SDG) and nurturing local talents and modelling via FashionTV Malaysia modelling academy.”
“What we have achieved thus far would not have been possible without the support of the Melaka State Government and the FashionTV franchise. In particular, the STI team looks forward to working closely with the State Government in rolling out our new initiatives in the future,” she adds.
“Sheng Tai has been promoting property tourism to their foreign buyers, and this initiative will not just boost the economy, but will also help to create more opportunities for local artisans and small businesses, to contribute to the Malaysian economy,” Tengku Zafrul says in his speech.