The Mines Wonderland
If you are not sure how to spend your night outing as a family, try going to Mines Wonderland Night Theme Park in Seri Kembangan, about 35 minutes drive from the city of Kuala Lumpur. This park opens from 3pm to 10pm from Tuesdays to Sundays. Take note that it is closed on Mondays except when Monday is a school holiday or public holiday. A suggested time that you could spend here is 2 hours.
You will be able to enjoy the cruise on the 150 acres open cast mining lake, take the Wa-Wa Splash Duck Tour, go to the Mini Zoo and see amongst other the endanger White Bengal Tiger that roams freely on the enclosed area as you walk on the bridge. Finally, watch the musical fountain which is the highlight of the day.
From Mine to City
Mines Wellness City was formerly the site of the Hong Fatt Mine, which was the largest opencast tin mine in the world, covering 1,300 acres, including the lakes. Malaysian Government alienated the land to Country Heights Holdings Bhd (CHHB) on 30 March 1988 for the development of recreational and tourism. Country Heights Holdings Berhad is founded by Tan Sri Dato’ Paduka Lee Kim Yew and incorporated officially on the 10th May 1984 under a private limited company with the name of Kurniata Sdn Bhd.[4] CHHB was focus on three core businesses which are property development, property investment as well as hospitality, leisure and health.
The land was alienated for RM50mil, which equates to about RM1 per square foot (psf). To ensure that market-driven components were developed, CHHB appointed an international planner from Australia to create a rejuvenation-based master plan, focusing on vegetation and landscaping of the mines. In complementing the objectives, CHHB built a golf course, the Palace of the Golden Horses with a unique architectural design, The Palace Beach and Spa with a man-made beach and swimming lagoon, and The Malaysia International Mines Exhibition and Convention Centre. Also, CHHB built the Mines Shopping Fair and a theme park named Mines Wonderland within the Mines Resort City.
Components
In order to complement the tourism theme, a five-star hotel, the Palace of the Golden Horses [1] with a distinctive architectural design and Mines Wellness Hotel (formerly known as The Mines Beach Resort and Spa) with a man-made beach and swimming lagoon were built. Other components of development completed to date within the Mines Resort City are the Mines Shopping Fair and a theme park named Mines Wonderland. In March 2010, CapitaMalls Asia has re-branded Mines Shopping Fair to a contemporary neighborhood shopping mall with a major upgrading work, including additional retail space, revamping the carpark system, changing new wash rooms, creating additional link bridges and new sets of escalators inside the mall.
Offices at the Mines Waterfront Business Park were developed to provide business accommodation within a scenic and conducive working environment with a fine view of the lake. An ongoing development is the five-star Heritage Serviced Residence, which is themed with Peranakan cultural heritage throughout.
With the exception of one of the office blocks within the Mines Waterfront, all components of development are retained by the developer to ensure control and management of the components. To complement the investment-type properties, the developer created a premier residential project, which was unique at the time of development, called the North Lake. The bungalow plots within this premier development launched in 1989/90 during the recession, were initially sold at RM10 psf. Today, current prices of RM250 psf are experienced, which equates to an annual growth of about 21%.
The bungalow plots are designed around the golf course with a limited number of only 200 plots. The graph shows the capital appreciation enjoyed by this development over the last 17 years.
The developer’s philosophy is creating value to the customer through continuous enhancement, beautification and maintenance to ensure continued sustainability and capital appreciation.
In 2003, the second component, the South Lakes, was launched with initial sale prices of RM90 psf, which have now escalated to RM140 to RM150 psf in today’s market.
Another successful component is the serviced apartment development comprising 900 units within 5 blocks designed in a unique setting with a water canal and attractive rooftops. These were initially sold at RM280 psf appreciating to RM430 psf and currently being sold at RM700 psf on a fully furnished basis.
These achieved sales prices are unheard of in the locality. Due to the market positioning, branding and potential value enhancement, these projects have attracted purchasers who believe in the development. The development’s success is also a result of its good accessibility.
To date, after nearly 20 years of development, 70% of the total area has been developed and because the developer is conscious of supply and demand factors, every single component is thoroughly thought out and planned prior to implementation. JLW has provided advisory services to the developer to ensure that the components of development planned are well received by the market and drive sustainable growth, which investors are benefiting from.
The original land value of this place has increased from RM1 psf to in excess of RM300 psf.
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The Mines Wonderland
Posted on Wednesday, October 19, 2011 by Mohd Azlan Othman
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