Thursday, December 18, 2008

Viable Legoland Park in Malaysia?

The secret is out at last ........................ no Disneyland at Bandar Nusajaya of Iskandar Malaysia area.

Iskandar Malaysia managed to rope in Legoland to set up an entertainment park. It was rumoured that there will be two theme parks, with one being the anchor and the other is the secondary park. Nobody knows except for those in the top management .......... maybe they are in a blur too. Maybe Legoland is all we get after all.

When will we get to see it? Construction will begin in year 2010 and will be opened to the public in 2013. Long way to go man. The construction of Legoland will be at a cost of RM750 million (US$214 million).

Hopefully the Legoland operator, Merlin Entertainment Group, will be able to manage the park and draw many tourists to Malaysia. MEG is the world's second largest theme park operators ..... now that's a good start.

The Legoland will have 40 interactive rides but mainly catered for families with kids up to 12 years old. No adults' rides? Then will the operator of Tokyo Disneyland, OLC Group, get their wish to construct a theme park at this Bandar Nusajaya? I hope so.

Malaysia's Legoland will be targetting around 1 to 2 million visitors per annum which is a far cry from 15 million visitors targetted by Singapore's Integrated Resorts, namely Marina Bay Sands and Resorts World.

With worldwide financial institutions feeling the credit crunch, the funding is not going to be easy. Looks like the government of Malaysia is willing to provide a RM500 million loan to the joint owners, MEG (20% interest) and Iskandar Investment Berhad (80% interest). Will this be a viable investment by the joint owners?

(Picture sourced from Star)
Tags: Disneyland, Bandar Nusajaya, Iskandar Malaysia, Legoland, Merlin Entertainment Group, Tokyo Disneyland, OLC Group, Iskandar Investment Berhad, Theme Park



Blogger foongpc said...

Legoland? No adults ride? I won't dare ride anyway cos they are made of Lego. Don't know strong enough or not! Prefer Disneyland anytime! : )

19 December, 2008 02:12  
Blogger Johnny Ong said...

foong - LOL, that's a good one. disneyland is no doubt a place for all ages

21 December, 2008 15:06  
Blogger Kev said...

Did u say RM750 million? Well that's in 2008. Come 2013, i'm sure the cost will be higher. Let's hope Legoland is gonna be good but i heard that it's only for young kids. Not sure how true it is.


24 December, 2008 16:52  
Blogger Johnny Ong said...

Kev - let's hope there won't be a bailout in the end. merry christmas to u too!!

25 December, 2008 03:23  
Blogger Unknown said...

we have to wait and see till its built fully and running :)

1. hope it gets built
2. hope it gets built on schedule
3. hope it gets built within budget
4. hope it gets built with good facilities/ amusement to attract visitors
5. and when running, hope it can have gd marketing


26 December, 2008 23:35  
Blogger Johnny Ong said...

quachee - i really hoped for the best too

27 December, 2008 00:50  

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