CASA del Rio (M) Sdn Bhd, a unit of the Casa del Mar Group, expects its latest prestigious product, the Casa del Rio boutique hotel and serviced apartments in Malacca, to cater to rising room demand in the state by end-2009.The company is building the properties for RM85 million on a 1.3ha heritage site by the Malacca River. Aptly translated as "Home by the river", Casa del Rio will set forth Malacca as an international destination that offers world-class accommodation and residential living that will cater to all markets domestically and internationally.The properties are stylish and designed to capture the essence of the uniquely beautiful Peranakan House with its charming courtyards and the beauty of the Malacca Sultanate heritage.Group managing director Tan Sri Syed Yusof Syed Nasir said it is targeting to launch the five-storey serviced apartments, comprising 32 exclusive two- and three-bedroom units, by April."We have pegged the units at RM600 per sq ft to RM1,800 per sq ft and we are targeting local and foreign buyers," Syed Yusof told Business Times.Read more
(New Straits Times 18-2-2008)
