Ewein to develop Wellness City of Dreams

Up-and-coming property developer Ewein Bhd’s subsidiary, Ewein Zenith Sdn Bhd, has been awarded the champion of Entry Point Project 10 under the Economic Transformation Programme by the Domestic Trade, Cooperatives and Consumerism Ministry.

Ewein said in a filing with Bursa Malaysia that this would complement its current property development business, as its subsidiary would be developing a wellness resort city – Wellness City of Dreams – on 50 acres in Bandar Tanjong Pinang.

The project will be located on 110 acres of reclaimed land given to Consortium Zenith BUCG Sdn Bhd by the Penang government in return for building the RM6.3bil undersea tunnel and three road bypasses.

Deputy chairman and group managing director Datuk Ewe Swee Kheng said the components include a wellness mall, specialist centres and a resort.

The projects undertaken by the consortium on the 110 acres will have a gross development value of RM25bil over the next 10 years.

“Wellness is a lifestyle aspiration that goes beyond just being healthy. It is the achievement of a state of physical and mental well-being,” Ewe said.

He added that the company aims to boost the state’s health tourism sector and create high-income jobs by 2020.

Besides this 50-acre project on the 110 acres, the company announced last week that it has an RM800mil contract to build 572 condominium units. - By The Star

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