Major Real Estate Launches of 2020
in Kota Kinabalu
These launches are expected to spur the economy in Sabah
The following details of the projects mentioned below may have changed or been put on hold after the launching. For latest update please refer to the respective developers.
1. The Waterfront by Yayasan Sabah Group and Zillion Ventures Sdn Bhd
The Waterfront will be a new landmark in the city. Photo by Borneo Today
The Waterfront will be a new landmark in the city. Photo by Borneo Today
The Waterfront is a RM3.5 billion project situated in the heart of Kota Kinabalu city. The new commercial mixed development agreement was signed in March 2020 and aims to provide a substantial growth in international tourism.
The masterplan includes:
- Three 16-storey 5-star hotel towers with 1,340 rooms
- 16-storey condominium with 160 units
- 16-storey hotel suites with 600 rooms, two 16-storey serviced apartment blocks with a total of 500 units
- Two 23-storey office blocks;
- 23-storey 3-star Yayasan Sabah Hotel with 300 rooms
- 3-storey shopping mall incorporating an indoor theme park
- Boardwalk esplanade and marina jetty
2. City Residence by Wecojaya Sdn Bhd
City Residence first phase groundbreaking ceremony is expected to occur in the first quarter of 2021 and the entire 3 phase development is expected to complete within the next 5 years. Photo by City Residence
City Residence first phase groundbreaking ceremony is expected to occur in the first quarter of 2021 and the entire 3 phase development is expected to complete within the next 5 years. Photo by City Residence
Launched in September 2020, City Residence is a 4000-unit affordable housing project in Kota Kinabalu targeting the M40 group population to own their first home for not more than RM300,000.
What do residents get to enjoy?
- 850 sq. ft. unit with 3 bedrooms and 2 bathrooms
- Ample facilities for the residents including a multi-purpose hall, surau, sport court, children’s playground and gym
- 40 units of commercial shop lots
- 21 acres of land in Alam Mesra
3. Sutera Bay at Sadong Jaya
Sutera Bay project’s location is well integrated to Kota Kinabalu’s most popular tourist attractions such as Gaya Street, Kota Kinabalu waterfront, Suria Sabah, Jesselton Mall and Kota Kinabalu International Airport (KKIA). Photo by Sutera Bay
Sutera Bay project’s location is well integrated to Kota Kinabalu’s most popular tourist attractions such as Gaya Street, Kota Kinabalu waterfront, Suria Sabah, Jesselton Mall and Kota Kinabalu International Airport (KKIA). Photo by Sutera Bay
Sutera bay is a 15-storey commercial development designed with a hotel-concept and consists of 283 business suites, retail outlets and podium car parks. Launched in January 2020, the project offers features that support the working class professional as well as international visitors with tech-friendly and flexible layout designs. The units also comply with requirements by local authority for commercial use.
Sutera Bay’s distinctive features:
- Two types of commercial suites － Flexi-suite and dual-keys suite
- Architectural concept by KOPA (architects of Plaza Shell and The Shore) and Konzepte (architects of Pavilion Damansara)
- Landscape designed by award-winning designer and consultant, Lim In Chong of Inchscape
- 24-hour lobby reception
- Concierge service
- Read more about Sutera Bay here
Sabah also witnessed several other launches within Kota Kinabalu
1. Thema City by SG Group
Thema City is the first and only thematic tourism hub in East Malaysia. Sabah home-grown developer, SG Group officially launched Thema City crown jewel, Echarm Plus Hotel thus unveiled the world’s first Bruce Lee themed rooms hotel in the world. Photo by SG Group
Thema City is the first and only thematic tourism hub in East Malaysia. Sabah home-grown developer, SG Group officially launched Thema City crown jewel, Echarm Plus Hotel thus unveiled the world’s first Bruce Lee themed rooms hotel in the world. Photo by SG Group
2. Vetro 11 by Q Avenue Sdn Bhd
Vetro 11 is an 18 storey building with retail outlets, commercial suites, rooftop facilities and 2 floors of hotel suites, located centrally in Kota Kinabalu. The classy interior with high quality furnishing and spacious layout makes the development a smart investment and a unique place to live. Photo by Q Avenue Sdn Bhd
Vetro 11 is an 18 storey building with retail outlets, commercial suites, rooftop facilities and 2 floors of hotel suites, located centrally in Kota Kinabalu. The classy interior with high quality furnishing and spacious layout makes the development a smart investment and a unique place to live. Photo by Q Avenue Sdn Bhd
3. Damai Suites by Inland World Sdn Bhd
The 16-storey Damai suites is positioned for Airbnb hosts investors or an office for start-up businesses. Ranging from 327 sf. to 601 sf., each suite will offer a dining/office space, living room/bedroom area, bathroom and kitchenette. Management fees are only 0.31/sf. inclusive of sinking fund. Photo by Inland World Sdn Bhd
The 16-storey Damai suites is positioned for Airbnb hosts investors or an office for start-up businesses. Ranging from 327 sf. to 601 sf., each suite will offer a dining/office space, living room/bedroom area, bathroom and kitchenette. Management fees are only 0.31/sf. inclusive of sinking fund. Photo by Inland World Sdn Bhd
4. The Logg by KTI Sdn Bhd
Located at the centre of Luyang, The Logg is a mixed development that blends a middle upscale lifestyle boulevard mall and offices, with residential and hotel towers. Photo by KTI Sdn. Bhd.
Located at the centre of Luyang, The Logg is a mixed development that blends a middle upscale lifestyle boulevard mall and offices, with residential and hotel towers. Photo by KTI Sdn. Bhd.
5. My Studio Duplex (M Suites) by Kinsasetia Sdn Bhd
This first duplex tower is located in Menggatal town with an affordable price of RM 285k to RM 375k for corner lot. With 5 different types of layouts to choose from, it is also fully furnished with 3 choices of thematic interior designs & floorings finish to pick. Video by My Studio Duplex
6. Likas Vue by Asian Pac Holdings Berhad
Situated in a popular suburb location, Likas whereby occupants can enjoy sea view while being near to town. The 884 - 1,051 sq. ft. 650 units development offers an attractive average price of RM586 per sq. ft. Video by Asian Pac Holdings Sdn Bhd
7. Riveria Villas by Double Dragon Development
An exclusive 3-storey low-density neighbourhood that only houses 30 units of terrace house with a modern interior and exterior design. On top of that, the residential project also boasts a good connectivity to Kota Kinabalu and several other hotspots. Photo by Riveria Villas by Double Dragon Development
An exclusive 3-storey low-density neighbourhood that only houses 30 units of terrace house with a modern interior and exterior design. On top of that, the residential project also boasts a good connectivity to Kota Kinabalu and several other hotspots. Photo by Riveria Villas by Double Dragon Development
8. Sky Million Residence by Rich Millionway Sdn Bhd
Sitting on 2.33 acres of land, the 23-storey building consists of 254 stylish and cozy units with premium facilities. Located in between ITCC Mall and Plaza 333, the project offers a starting price from RM468k and onwards. Photo by Sky Million Residence
Sitting on 2.33 acres of land, the 23-storey building consists of 254 stylish and cozy units with premium facilities. Located in between ITCC Mall and Plaza 333, the project offers a starting price from RM468k and onwards. Photo by Sky Million Residence
9. Eco Peak Residences by Legacy Group Development Sdn Bhd
Eco Peak Residences is a 26-storey condominium landmark surrounded by an abundance of amenities in Donggongon town and accessibility. The condominium offers two types of sizes which are 992 sqft (Type A) and 934sqft (Type B). Photo by Eco Peak Residences
Eco Peak Residences is a 26-storey condominium landmark surrounded by an abundance of amenities in Donggongon town and accessibility. The condominium offers two types of sizes which are 992 sqft (Type A) and 934sqft (Type B). Photo by Eco Peak Residences
What else were the major happenings of real estate in Malaysia 2020? Go back to the full 2020 report by Property Hunter.
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