Wednesday, 12 July 2017

(The Star) Sabah’s tallest building ready in five years

KOTA KINABALU: A new upscale property development called The Shore will be Sabah’s tallest building when completed in five years.

The 25-storey property, situated in the city centre facing the South China Sea, is also expected to appeal not only to the local communities, but domestic and foreign investors.

Sabah Local Government and Housing minister Datuk Seri Hajiji Noor said development projects such as this would definitely spur economic growth in the state.

“It will also boost investments and the same time put us on track with the government’s aim to introduce Malaysia as a second home to foreign investors,” he said at The Shore’s groundbreaking ceremony here.

Hajiji said the project once completed, would also be a boon to Sabah’s tourism industry.

“Sabah’s property market has been fairly resilient during the period of 2008 to 2014,” Hajiji said.

He said over the past years, economic activities had remarkably improved since the implementation of the Sabah Development Corridor (SDC) project, especially those related to tourism.

The strategy under the tourism development is to target high-yield and long-stay visitors, especially with the growth of tourist arrivals to the state.

Project developer Titijaya Land Bhd deputy group managing director Lim Poh Yit said the project, with a gross development value of RM575mil, was now open for bookings and sale.

The Shore will be built on 1.82 acres and house 561 units with built-ups ranging from 409sq ft to 541sq ft. Units are priced from RM453,000 each.

The building’s unique design makes it the first of its kind in Kota Kinabalu. Among other things, it will feature a rotating sky bar, infinity pool and a hammock garden.

The project is a collaboration between Titijaya Land and the China Railway Engineering Corporation.