KUALA LUMPUR – September 11, 2019: Malaysia’s first largest weekend market named ‘Luasempit’ is expected to open its doors by 2020.
Luasempit is expected to turn Kuala Linggi – Malaysia Tourism City (MT) into a tourist shopping hotspot.
This is the grand plan of Meridian Bhd, the developer of MTC.
MTC Chief Executive Officer Datuk Seth Yap, at an unveiling ceremony of Luasempit here yesterday, said the weekend market is modelled on Chatucak, a renowned shopping destination in Thailand that attracts 200 thousand visitors a day.
The name “Luasempit” – from the Malay words – “luas” (broad) and “sempit” (narrow) – depicts the market’s design plan which is made up of a broad and a narrow alley, that will be occupying a 100-acre area.
Yap said that there is a need to “create an economy” within the development itself.
He thus believes that Luasempit is the solution to the tourism city’s sustainability.
“With the weekend market, we will be offering 3,000 stores of about 100 square feet per outlet and pricing for each outlet starts from RM2,500 a month. For that amount, you get a physical store with a football of two million tourists a year…
“You also get access to our omni-channel of up to 20 online shopping platforms in the region – namely Thailand, Indonesia, Singapore, Vietnam and the Philippines… Not to mention with the backend fulfilment provided,” Yap said.
According to Yap, Luasempit will have “Instragrammable” spots, both narrow and broad streets, festival event space, floating markets, a “Malaysia sakura” garden, a bee farm, a bamboo island and a bird park.
To elevate the guest experience, Meridian is also anticipating the development of the world’s first Hasbro theme park, which will feature licensed intellectual properties such as My Little Pony, Nerf and GI Joe.
Moreover, a branded adventure park will be built for action-buffs who are up for outdoor and camping retreats as well as boot-camp training types of activities.
Luasempit, along with the Hasbro theme park and the adventure park, will form the first phase of the MTC development that is based on four pillars: mass tourism, medical tourism, edu-tourism and eco-tourism.
Currently, Meridian is also working closely with low-cost carrier AirAsia, the Malaysian Association of Tour and Travel Agents (Matta) and Traveloka, an Indonesian company to ensure they reach their target of achieving the two-million footfall to MTC and Luasempit.
During the event, memoranda of understanding (MoU) were also signed with Meridian’s eight other partners for this project.