Port Dickson in Negri Sembilan in transforming into a thriving tourism destination thanks to the PD Waterfront project, reported the Straits Times.
Spanning over 24.2 hectares, the mixed-use development along Jalan Pantai has a gross development value of about RM2.3 billion. Besides an esplanade, the project will comprise hotels, shops, water chalets, several residential blocks, a convention centre, a duty-free zone and a marine aquarium.
It was unveiled in 2010 and is expected to take another eight years to complete, said Ng Kim Keong, Director of TSR Ocean Park Sdn Bhd, a wholly-owned unit of PD Waterfront’s master developer TSR Capital.
“Basically, we are creating a one-stop destination where everything is housed under one roof. The whole project is integrated and we are creating a covered broadwalk with covered buildings, taking into consideration the weather,” he shared.
In May, TSR Ocean Park partnered with US-based Globe Venture Holdings Inc to jointly develop the PD Waterfront project into a world-class tourist attraction.
Basically, the American firm will invest and help market the properties within the development through its network of global clients, while TSR Ocean Park will be responsible for the construction.
In creating its masterplan, Ng revealed that they drew inspiration from the famous Aker Brygge waterfront in Oslo, and a similar development in Melbourne.
“One of the important components of PD Waterfront is the convention centre as we aim to expand the meetings, incentives, conferences and exhibitions market in Port Dickson. We will construct at least six hotels with three- to five-star ratings.”
Next month will also mark the opening of development’s D’Wharf Hotel & Residence, which will come with 227 units of fully-furnished serviced apartments.
Notably, the PD Waterfront project forms part of the Malaysia Vision Valley (MVV), a 153,000ha economic zone stretching from Port Dickson to Seremban and Nilai that aims to generate over 1.3 million jobs and attract about RM300 billion in investments.
The massive development is being spearheaded by MVV Holdings, a joint venture firm owned by Sime Darby (50 percent), Brunsfield International Group (25 percent) and Retirement Fund Inc (25 percent).
Expected to be fully completed by 2045, MVV will feature various developments like Tourism District, the World Knowledge City, Biopolis and Wellness City, Sports and Recreational City, an Integrated Transport District, as well as High Tech Park and Industrial Campus.
These include PD Waterfront, Seremban Central, Port Dickson Splash Park, Seremban Resort City and low-cost residential developments.
Meanwhile, the Federal Government has set aside RM560 million to enhance the infrastructure within Malaysia Vision Valley.
In particular, these include RM90 million to build an alternative road between the new Seremban toll plaza and Seremban Middle Ring Road, RM200 million to build new roads from Nilai to Bandar Enstek, and RM260 million to upgrade the highways from Kuala Lumpur International Airport to Port Dickson’s Teluk Kemang area.
Image sourced from NST
Radin Ghazali, Content Writer at PropertyGuru, edited this story. To contact her about this or other stories email radin@propertyguru.com.my
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