PORT DICKSON: Construction and property firm TSR Capital Bhd is upbeat on its Port Dickson (PD) Waterfront development riding on the burgeoning tourist population which will contribute positively to its earnings in the future.
Chief operating officer Datuk Wan Abd Razak Ismail said PD Waterfront had become a popular seaside holiday destination bringing in a large numbers of local and international tourists.
“TSR is gearing up for a few upcoming development phases, which include more than over 100 water chalets and a condotel with development costs of RM110 million and RM180 million respectively, as well as a convention hall," he told reporters over the weekend.
He added that PD Waterfront had launched Phase Three of its retail shop commercial development which consist 28 units of two- and three-storey shop offices, of which 50 per cent had been booked.
“This will definitely augur well for the company over the next few years,” said Wan Abd Razak at the launch of its RM130 million D’Wharf Hotel and serviced residences recently.
The D’Wharf Hotel, which is part of the PD Waterfront development, has 303 fully furnished rooms with a sea view of the Straits of Malacca.
The hotel started operations in July last year and has achieved average occupancy rate of 75 per cent.
TSR’s vision is to elevate the development at an international level.
Wan Abd Razak said TSR’s wholly-owned subsidiary, TSR Ocean Park, had started the development of PD Waterfront development since 2011 and the esplanade is now a popular holiday destination, which now providing job opportunities for locals at the string of local and international popular restaurants. outlets such as Dominos and Kenny Rogers and is also a destination for various interest groups such as high energy motorcycles and sports cars.
Further on D’Wharf Hotel, Wan Abd Razak said based on the facilities provided, he is confident that it would achieve at least a four-star rating.
The uniqueness of D’Wharf Hotel includes a private garden and beach which can be used for leisure, family fun activities and corporate team building, events and many more and other activities such as water sport and archery are under planning.
TSR is master developer of the 24.2ha PD Waterfront since 2010 tasked by the Negri Sembilan state government to help boslter Port Dickson as a major holiday destination.
The project is also part of the Malaysia Vision Valley, an economic zone stretching from Nilai to Port Dickson set to attract over RM300 billion worth of investments as well as provide 1.3 million jobs.