Waterfront shopping and dining
ALL things vivid, vibrant and in vogue - this is what the first riverside retail development in Malacca is set to deliver.
Located along the scenic banks of the Malacca River, Vedro By The River is the first freehold retail property in Malacca.
The RM250-million (S$98-million) project, which gives the once-buzzing Bunga Raya a new lease of life, showcases state-of-the-art architecture against the backdrop of a city that boasts a rich and diverse cultural heritage.
Shoppers can indulge in a myriad of stores, ranging from high-street fashion houses to those offering novelty gadgets and trendy accessories.
They can also feast on gastronomic delights in charming bijou cafes nestled in a bustling riverbank esplanade.
Since its listing as a Unesco World Heritage site in 2008, Malacca has seen a huge boost to its tourism sector, which accounts for 70 per cent of the state's gross domestic product, worth US$303.5 billion (S$377 billion) last year, according to figures from the World Bank.
Tourist numbers to the city have been growing steadily, from 1.38 million in 2010 to 1.44 million last year.
Investors can look forward to receiving guaranteed annual rental returns of 6 per cent for three years.
Location: Jalan Kee Ann, Malacca
Developer: Hatten Group
Number of retail units: 521
Indicative price: RM238,000 and up for an average unit of 100-150 sq ft (freehold)
Expected completion date: Fourth quarter of 2016