MFR Capital Sdn Bhd, a financial investment institution and asset management company, which principally engaged in investments involving innovation projects, real estate, digital coin mining and financial technology, has recently announced its strategic investment into Harbour City Resort, a latest project launched by largest developer in Melaka’s City Centre, Hatten Group.
MFR Capital with its group of companies has over 40 years of investment experience in the real estate market, with numerous partnerships with well-known developers across Asia and the UK market. This latest investment sparks MFR Capital ‘s intention to aggressively pursue further success through property investment in Malaysia.
MFR Capital spotted Harbour City Resort through its strategic partner EziFund, a Singapore based Property Crowd Funding platform, In April 2016, MFR Capital injected 5 million US dollars (US$5,000,000) into, EziFund, which specializes in raising funds for property investment & development. The platform have since crowdfunded $3 million USD for projects like, The Surawong, The Venice, Holiday Inn Express and more.
MFR’s CEO Mr Shawn Er expressed “Malaysia still has lots of potential for growth. The country located strategically in the middle of the One Belt One Road route and it is one of the emerging economies of growth among the Asean community. We foresee many investment opportunities and untapped resources which MFR can venture in the next ten years or more.
EziFund Director Mr Geoffrey Tan shared that ‘Malaysia offers one of the most conducive environment for foreign investors through Malaysia My 2nd Home (MM2H) scheme. Locally, there are many upcoming developments which Ezifund has scouted. But Melaka draws the most interest at the moment, as the emerging city of historical flamboyance, shows great potential of growth within its city centre in the recent years.’
MFR Capital will bulk purchase units within Harbour City Resorts which amounts to Gross value up to RM25 million. Harbour City Resort Suites is within the iconic Harbour City. A game-changer in Melaka’s luxury, tourism and entertainment landscape, Harbour City is a self-sustaining, fully incorporated ‘city of amusement’ which infuses three vibrant elements – Retail, Theme Park and Hotels.
Voted by the public as the Winner for Best Integrated Development at the iProperty People’s Choice Malaysia Awards 2015 and Best Retail Project by the Malaysian Property Press Awards 2015, Harbour City houses a 6-storey aquatic themed shopping mall which is topped by five floors dedicated to a vast 500,000 sq.ft. indoor and outdoor water theme park, the three hotel blocks complete the experience with the choice of a cruise-ship themed hotel, a 250-room International-chain Hotel and the Harbour City Resort Suites.
“With over RM800million invested in this project, Harbour City will open up a wealth of asset opportunities for investors. It is already earmarked as one of the most eagerly awaited and highly valued global holiday destinations in the South East Asia region,” said Dato’ Colin Tan, Group Managing Director of Hatten Group.