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

Jesselton Mall to house exclusive outlets

Published on: Wednesday, January 18, 2012

Kota Kinabalu: Jesselton Mall is set to be the State Capital's premier exclusive retail outlets once completed in four years' time from now.

Integrated with the on-going Jesselton Residences development, the Jesselton Mall offers 123 retail lots for businesses.

"This development augurs well with the State Government's aspiration of making Sabah as the main shopping tourism destination in the region," said developer, Jesselton Waterfront Holding Sdn Bhd, General Manager, Kevin Thong.

The Jesselton Mall is designed to add greater value to Jesselton Residences, which is a high-end luxury condominium development, making it the city's premier address much like Orchard Road in Singapore.

Speaking to reporters here, Thong said the area where Jesselton Mall and its neighbour, Suria Sabah would be the new KK town.

Besides from walk-in customers and tourists, the business outlets in Jesselton Mall are also assured of customers from the occupants of the 333 condominium lots in Jesselton Residences, he said.

He said the Jesselton Residences project was selected as the only one from Sabah to participate in last year's investment forum in Shanghai, China in view of its high value as well as for the promotion of tourism.

Property sector in Sabah is expected to be on the upward trend not only due to tourism but also the oil palm industry and now the up and coming oil and gas industry.

For the Jesselton Residences, it was now 70 per cent sold.

Thong said sales for the Jesselton Mall will be launched this Friday until Saturday at Luyang Plaza.

Those buying within the Chinese New Year period would also be given "angpow" in the form of free sales and purchase agreement as well as loan legal fee, he said.

Source: http://www.dailyexpress.com.my/news.cfm?NewsID=80381

Ceriamas 118 making waves 

Published 3rd October, 2010 by New Sabah Times

KOTA KINABALU: LT Alliance Development Sdn Bhd is now confidently embarking on its final phase of Ceriamas 118 after having successfully launched and sold Ceriamas Phase 1, 2 and 3 in Putatan last year.

Boasting a luxury and modern theme, the final phase of Ceriamas 118 comprises 28 units of three-storey semi-detached units with 3,300 square feet and are said to be the first of its kind in the area which features many modern components and details.

According to LT Alliance Development Sdn Bhd managing director Dr Low Poke Leong, this luxury category of property development in Putatan is aimed at complementing the township’s development and meeting the needs of growing affluent population around the area, providing them with the much upgraded residential choice.

“As the township develops, establishes and matures, there will be eventually a need for upmarket development. Location, design and price of the property are our main selling points of the development. Our customers, both existing and potential, were so impressed when visiting on site. We really need not do much marketing,” he said.

He said that Putatan is fast turning into a well sought-after address with easy accessibility provided by the improved infrastructure network and growing commercial activities is making it another attraction for residential preference and business choice.

“The actual construction, the on-going process and the bustling business around the area speak for themselves. They become the real attraction,” he said.

Previous skeptics of the location and value of the development project were long convinced as sales and demand of property there proved overwhelming when Ceriamas 118’s terrace houses in Phase 1 and 2 were sold out almost instantly and are now in the process of obtaining their OC.

“The 3-storey semi detached units received equally good response. Visitors to the show units for the past months indicated keen interest and admiration on its luxurious design and the much needed practicality,” he said.

He added that the project is designed with the same dedication to quality and affordability which have been the company’s commitment.

Meanwhile, the company has also recently launched another residential project, Eramas 118, at Donggongon and response was also overwhelming.

“The company has always been cautious about the property market and careful in developing the suitable types of projects. The demand for affordable housing remains a great concern for both the government and the general population. The company is aware of such need,” he said.

Low said a similar project is in the pipeline and will be launched in the future.

Source:  http://www.newsabahtimes.com.my/nstweb/fullstory/42914