60HA DEVELOPMENT: Perdana Quay to feature waterfront villas, lake homes, luxury residences
MORE than three decades after investing in tourism and commercial property-related projects in Langkawi, Tradewinds Corp Bhd is set to expand its footprint here via a residential development at the Telaga Harbour Park in Pantai Kok on the north-western tip.
Its proposed "Perdana Quay" integrated development, which is believed to cost more than RM1 billion, will take a decade to complete and is slated to break ground by next year.
Some 60 hectares of land is expected to be developed into five distinct components, featuring waterfront holiday villas, lake homes and other luxury residential properties.
"A proposed master plan for Perdana Quay has been submitted to the authorities and if all goes we hope to begin by the first quarter of 2014 by first improving existing infrastructure in the area," the project's chief operating officer Muhd Najib Mohd Rawi said on the sidelines of InStyle Langkawi, here, yesterday.
Currently, Tradewinds' presence here is via the five-star luxury resort The Danna Langkawi, Meritus Pelangi Beach Resort and Spa and the Perdana Quay commercial precinct which houses a marina.
The government, in December 2011, unveiled an ambitious five-year tourism blueprint aimed at improving the economic fortunes of the tax-free island, which once was a thriving spot on the world tourism map.
Tradewinds is one of several investors who have committed to serving as enablers of the Langkawi Tourism Blueprint, which is expected to see new and existing investors open new properties and offerings, while revamping existing projects.
Muhd Najib said new resort homes will feature in the marina precinct of Perdana Quay, while its beach precinct will include villas fronting the beach and the marina.
"The marina precinct is expected to see us enlarge the existing marina at Telaga Harbour, where there is potential for a three- or four-star hotel to be built," he said.
Meanwhile, Perdana Quay's lifestyle precinct is expected to see high-end tourist attractions, along with food and beverage outlet set-ups.
Tradewinds has more than 80ha land in Langkawi, of which about 20 per cent has been developed.