Cherating beach for holiday? RM380 million development in progress

beach

Cherating beach for holiday? RM380 million development in progress

Two weeks ago, a close friend, Ms. K was telling me that the next destination for a group of old friends would be Club Med in Sanya, China. I told her, yeah, maybe that could be one destination. 2 days ago, a good friend, Mr. M told me that he wants to bring his family to Club Med in Cherating. I told him that if the dates are okay, I would follow him as well. Anyway, driving to Cherating would just be a few hours from KL. Take a look at the google map below.

cherating beach

I think Cherating is a famous place and there are definitely that alluring beach facing the South China Sea too. There is another choice coming up in Cherating. It’s a hotel management group which runs the Impiana brand.

Article in themalaysianreserve.com IMPIANA Hotels Bhd will be commencing the development of Impiana Resort & Residences Cherating with a total gross development value RM380 million. It is a new project on a 30-acre beach front land.

Impiana Cherating will be developed in 3 phases, targeted to be completed by 2023. Upon completion of the development, Impiana will be managing the development which will then provide the Group with stable recurring income.

Impiana’s Executive Chairman, Datuk Seri Ismail @Farouk Abdullah said that the group the en bloc sales of phase 1 sends a strong signal to the market that tourism is still evergreen.

“Phase 2 and 3 will be larger. We are optimistic that the take up rate will be promising as reflected in phase 1. Impiana Cherating is strategically located at the beach front with many existing and upcoming amenities in the area. Impiana will deliver the project within the stipulated time.” Read the full article with more details here: Article in themalaysianreserve.com

Tourism is a huge industry awaiting to come back strongly

Judging from the popular demand for hotels in Langkawi, I do think once inter-state travel is allowed, people will go for holidays. They have not been going for holidays for a very long time. Beach will always be a very popular choice. My kids love it, I love it and I think many people would love it too.

The fact that the total gross development value is RM380 million would tell us that this is a super big industry yeah. Plus, Cherating is indeed a popular destination too. Remember that Cherating do have many choices and perhaps we can go stay a couple of nights at this new development in the near future. Stay safe.

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Charles Tan The Founder The Writer Kopiandproperty
Charles Tan

Charles is Founder of kopiandproperty.com He writes from his investment experience for the the past 20 years in investments including property, stock, unit trust and more as well as readings and conversations with many property gurus in the industry. kopiandproperty.com is an independent property blog which is not affiliated to any media company, property developer or even real estate agencies.