January 14, 2023 marked a historic day for property developer Sheng Tai International with the launch of The Sail Experiential Centre and the completion of phase one of The Sail project.
The completion of The Sail Melaka’s Phase One consists of a 3-story building that is The Sail Experiential Centre and a row of 26 retail units which have been fully tenanted by Japanese business owners and are scheduled to open for business in the first quarter of 2023.
The Phase One project also comprises the LSL Ballroom and Sheng Yan Restaurant.
The total gross development value (GDV) for The Sail is estimated at RM6.5 billion.
Some 1,000 guests, including international investors from over 15 countries, attended a celebratory gala dinner to mark the joyous occasion held at The Sail Superdome, located at its iconic mixed-use development, The Sail Melaka.
Sheng Tai International chairman and group president Dato’ Leong Sir Ley said The Sail is an iconic landmark of the globalization for the state of Melaka, that will attract more international investors as well as creating more job opportunities for the locals and further boosting the economy in Melaka.
“After three years of living under a worldwide pandemic, when lockdown was lifted, I recognized that there emerged a ‘new language’ that revolved around initiatives such as wellness, art and culture, fashion and artificial intelligence (AI).
“It 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,” she said in her opening remarks at the gala.
Leong added: “Our aspiration is to make The Sail Melaka into a catalyst of change for the historical city in terms of further catapulting its name to the world arena by making it into a melting pot through art and culture, fashion, artificial intelligence (AI) and wellness.
“This will definitely boost the state’s economy and create a lot of job opportunities as well as bringing in hordes of investors from all over the world. Furthermore, adding more reasons, and rooms, for tourists to visit Melaka.”
The gala dinner called Sheng Tai Night was attended by International Trade and Industry Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz.
The event went on late into the night with a Jewels in the Sky International Fireworks Show officiated by Tengku Zafrul and culminated in an afterparty.
The fireworks show was conducted by professionals from Pyrotex Fireworx, also known as the 2022 Fireworks Performance Champion from United Kingdom, through Element X Strategies, the official organizer of the event.
In conjunction with the launch of The Sail Experiential Centre and completion of phase one of The Sail project, Sheng Tai International is hosting a Sheng Tai Festival 2023 – Melaka’s first ever ocean-themed bazaar – Atlantis Night, a 10 day-long event until Jan 15, 2023 which includes fun and engaging activities such as anime and cosplay performances, dragon and lion dance show, brass band, stage performances, international fireworks show as well as a myriad of beverage stalls and food trucks selling western and local fare.
The Sail is a mixed-used development on a 27.5-acre land in Kota Laksamana and is scheduled for full completion by 2033.
The Sail master plan includes nine towers joining with a Unity Sky Ring on top of each building and a 460m length of swimming pool linking all the nine towers.
Once completed, it will complement the Melaka’s residential, retail, commercial and hospitality markets. The 9 Towers consists of 6-star Hotel and Fashion Tower, Wellness Tower, Cultural Tower, AI Tower, M Tower, condotels and business suites.
