Boosting KK's South Corridor

Published on: Saturday, March 31, 2012

Kota Kinabalu: The property market in Sabah, particularly Kota Kinabalu and its surrounding areas, has been vibrant over the last decade mainly due to the strong economic growth in the State and investors from Peninsular Malaysia and Sarawak, according to Datuk John Chee JP.

"Investment from overseas is on the rise such as in MMII H (Malaysia My Second Home). The vibrant market is also attributed to the palm oil boom in Sabah and the growing awareness on property investment over the years," he said.

Chee, an engineer-cum-property developer, also highlighted the scarcity of affordable land for properties, especially in the city area.

"The launching of Taman Desa Seri Ketiau phase (I) in Putatan offers hope to buyers to capture the opportunity to own a sizeable unit and at the same time able to enjoy the benefits of quality living in the suburb of Kota Kinabalu.

"With better roads and flyovers, it only takes 10 to 15 minutes to reach Kota Kinabalu. Taman Desa Seri Ketiau (phase I) consists of 97 units of double-storey terrace houses with a total built-up area of 1,439 square feet," he said.

Chee has been focusing in the Putatan area, which is the Southern Corridor of Kota Kinabalu for almost a decade now, and well known for the Grand Plaza Putatan and Hypermarket project.

"With the elevation of Putatan to a full district, it would transform the town into a vibrant metropolitan with the up-and-coming facilities.

"The completion of the new Kota Kinabalu International Airport (KKIA) and the recently launched Mega project, Aeropod, would also give a big boost to the KK Southern Corridor development.

He said the newly upgraded railway line and the promised Pan-Borneo Highway again would add values to the properties down south.

"Another factor for growth is also attributed to the mushrooming of the oil and gas industries at Kimanis and Sipitang.

"The property market will continue to be vibrant as long as the economic growth in the State is maintained," he said.

Source: http://www.dailyexpress.com.my/news.cfm?NewsID=81120