One of Southeast Asia’s most iconic structures, The Sail, is poised for its grand launch next week in Malaysia, as announced by the leading international property consultancy LH1 Global, Invest-Gate reports.
Developed by Sheng Tai International, this flagship project will be unveiled on April 24 at an exclusive event in Atelier M Lounge, Dubai Marina.
Standing tall at 325 meters, The Sail surpasses the Burj Al Arab in size and rivals the height of the Eiffel Tower. Comprising nine interconnected towers resembling a majestic fleet of ships, it is touted to become one of the world’s most distinctive landmarks, according to the consultancy.
The Sail will boast the first-ever Karl Lagerfeld Hotel Tower and Branded Residences in Southeast Asia, marking a unique addition to Malaysia’s skyline.
LH1 Global exclusively offers luxury residences in Bay 3 and M Tower, ranging from AED566,000 to AED1.3 mn ($154,100 to $353,939). These units, available in one-, two-, and three-bedroom configurations, present investors with an unparalleled opportunity to own a piece of history. They promise a guaranteed rental yield of 6% and an anticipated 64% Return on Investment (ROI) over 12 years.
Notably, LH1 Global added that M Tower provides investors with hotel suites priced from AED936,000 to AED1.9 mn onwards, with rental returns offering a 7% yield and an estimated 84% ROI over the same period.