Malacca Island, Malaysia’s first “Twin Island City Centre”, is undertaken by Pulau Kembar Sdn Bhd. A 98.999%-owned subsidiary of Talam. This waterfront development project involves the reclamation of two islands, approximately 0.5 km off the coast of Malacca new town centre measuring 40ha and 50ha respectively. The reclamation of the first island of 40ha and a 30m bridge linking to the mainland had been completed.
Malacca Island development will comprise 4,387 units of residential and 4,180 units of mixed commercial development together with leisure-cum-tourism amenities such as marine theme park, marina, hotels and waterfront activities. With an estimated Gross Development Value of RM1.46 billion, the project has recorded sales of RM195.3 million representing 1,419 units sold as at 31 January 2005.
Malacca Straits Mosque- a new mosque built on top of columns above the water, with a lighthouse-like minaret - is located on the southern shore of the island.
The Malaysia Eye Ferris wheel, which conflicting reports stated would be 85 metres (279 ft) or 88 metres (289 ft) tall, was announced by the Chief Minister of the state of Malacca Datuk Seri Mohd Ali Rustam. It was to be sourced from China and located at Malacca Island, and to have 54 air-conditioned gondolas, each able to carry six people. It was scheduled to open on December 1, 2011, but was never built.
The 101-metre (331 ft) Eye on Malaysia, also a Chinese-manufactured wheel with 54 passenger gondolas, was scheduled to begin operating at Malacca Island in April 2013. In November 2012, Mohd Ali Rustam visited the site and stated that the installation of piles had brought the RM40 million wheel to 15 per cent of completion, and that "the installation of the wheel structure will begin in February ."
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