The 241-key hotel component of Asteria Melaka is on the market for RM65 million ($19.5 million). Asteria Melaka is a mixed-use development by Malaysian property developer Axteria Assets, a 100% subsidiary of Axteria Group Berhad (AGB), which is a listed company on Main Market of Bursa Malaysia Securities, Kuala Lumpur.
Asteria Melaka is built on a 190,793 sq ft plot located in the Kota Laksamana residential area of Malacca City. The development consists of a hotel tower, a 39-storey residential tower housing 255 serviced apartments, a 44-storey residential tower housing 306 service suites, a four-storey commercial hub and a two-storey retail podium.
Hotel amenities include a gym, lap pool and wading pool on the fifth storey.
The 241-key hotel has a strata area of 212,167 sq ft across 16 storeys. This works out to $84,896 per key. The property features a 6,103 sq ft ground-floor lobby which is accessible from the street-level parking lot and from the pedestrian walkways leading to the retail podium.
The ground floor also houses two gendered washrooms, a lift lobby with five elevators and staff areas such as a security office, a server room, a front desk and office space. The second storey houses a 1,370 sq ft function area, a banquet kitchen, meeting rooms and more office space for hotel administrative staff.
Guest rooms span the sixth to 15th storeys and range from 229 sq ft to 654 sq ft. Hotel amenities include a gym, lap pool and wading pool on the fifth storey; a clubhouse on the 15th storey; and a rooftop garden.
Levels three and four have been designed for housekeeping and engineering. Facilities here include a staff canteen, pantry area and staff locker rooms.
The property also has a 16,651 sq ft landscaped event space located on the ground floor. The open-air area can be used for hotel functions and is surrounded on three sides by the development’s retail podium.
The property also has a 16,651 sq ft landscaped event space located on the ground floor.
Asteria Melaka is conveniently located less than 10km from the Meleka International Airport, making it a convenient option for international travellers. Guests at the hotel will enjoy easy access to nearby entertainment and tourist attractions such as Melaka’s UNESCO World Heritage sites including A Famosa Fort, St Paul’s Hill and St John Fort.
The hotel at Asteria Melaka is also well-positioned to benefit from the state’s growing medical tourism industry. The property is situated less than 4km from Mahkota Medical Centre, one of the largest multi-disciplinary private hospitals in Southern Peninsular Malaysia. The medical institute was awarded the title of Medical Tourism Hospital of the Year in Asia Pacific in 2022 and 2023.
In March last year, the Melaka government announced that it would aim to grow the number of medical visitors coming into Melaka to 130,000 — up from the 99,336 medical tourists seen in 2023.
Singaporean buyers are eligible to purchase the property, pending approval from relevant state authorities. Foreign buyers may be subjected to an additional flat rate stamp duty of 4% of the purchase price.
For more information,
Contact HON KAH YICK (HON) | 91886758
Vice President (R027081H)
MASTER REAL ESTATE PTE. LTD.
