Harbour City project expected to be revived


A revolving restaurant, shown in the middle of this scale model of Harbour City @ Pulau Melaka by Hatten Group displayed at StarProperty.my Fair 2018, awaits visitors when the development is completed. - Filepic

PETALING JAYA: Melaka’s Harbour City, which was recently halted due to a legal dispute, is expected to be revived with the entry of Singapore-based Tayrona Capital Pte Ltd taking up a near complete stake in the company which undertook the project.

Tayrona Capital is acquiring a 99% stake in developer Hatten Land Ltd’s Harbour City mixed development in Melaka as part of a deal worth US$323mil (RM1.36bil).

Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Trump's re-election likely to impact Malaysia's energy sector, exports
Cagamas raised RM2.2bil in October despite challenging market environment
FBM KLCI edges up at midday amid cautious broader market
IPI rises 2.3% YoY in September, misses forecast
Australian lender ANZ's annual profit shrinks as late repayments rise
Hong Kong central bank cuts interest rate after Fed move
Eco World's Semenyih land purchase a positive
Gobind committed to helping Malaysia's smart city players expand reach to global stage
Singapore's UOB sees better loan growth in 2025 as Q3 profit hits record
Ekovest shares muted as Lim explores potential sale of toll-road business

Others Also Read