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Old April 7th, 2013, 01:29 PM   #221
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Old September 29th, 2013, 04:27 AM   #222
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KKCW / Oceanus Mall

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Old September 29th, 2013, 04:28 AM   #223
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KKCW Broadwalk

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Old September 29th, 2013, 04:31 AM   #224
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SBC projects RM800m GDV





KUALA LUMPUR: SBC Corp is looking to bump up the gross development value (GDV) of its projects in the next 12 months from the current RM300mil to RM800mil, upon finalising a joint-venture (JV) agreement with Suria Capital Holdings Bhd.

Based on its projects within Peninsular Malaysia, the group’s GDV for the next 12 months is estimated at RM600mil, 70% of which are residential projects and 30% commercial.

Its JV project with Suria Capital alone would add another RM200mil in the same period if approvals from shareholders and the authorities come through during the next six months. Of this, SBC is quite confident. To recap, the family developer had entered into a JV with Sabah-based Suria Capital in May to develop some 16.25 acres of coastal land in Kota Kinabalu, targeted to be launched in the first half of 2014.

The project, named Jesselton Quay, would be one of SBC’s biggest projects going forward.

SBC’s upcoming projects elsewhere are Kiara East and other stand-alone sites in Kuala Lumpur, Bandar Ligamas, Ulu Yam-Genting Road and the Peak Collection in Kota Kinabalu.

It has ongoing projects in flagship locations like Kiara East, Kuala Lumpur, Bandar Ligamas, Kota Kinabalu and Kuantan.

Managing director Sia Teong Heng said the group had always been selective about its partnerships, its JV with Suria Capital being the only one signed at the moment.

“We are planning this to be South-East Asia’s new riviera with the longest waterfront city boardwalk in the region,” he told StarBiz.

Jesselton Quay would add some 600m of private marina waterfront to the existing city coastline that currently lacks pedestrian-friendly boardwalks.

Sia noted that the project, previously known as Jesselton Waterfront Project, would be a redevelopment and extension north of the old Kota Kinabalu city centre “which could morph the city into one with more regional influence.”

The mixed integrated development will have many tourist elements, including an international cruise terminal, convention centre, hotel and world class retail components. The design somewhat takes after elements in Singapore’s Marina Bay Sands.

Aside from the tourist attractions, the group also incorporated residential towers that will cater to domestic and international demand. There will also be several premium office towers, one of which will be Suria Capital’s office.

The group has considered only releasing around 1,000 serviced residential units over the eight- to 10-year development period for the entire project.

There are three phases involved, beginning from the coastline inward.


“The property prices in Kota Kinabalu have hit the RM1,000-per-sq-ft mark,” he said, indicating healthy domestic demand. “A lot of Sabahans buy properties in Kuala Lumpur, why not back in their hometown?”

SBC will also be developing another seven acres of land belonging to Suria Capital adjacent to the JV area, which will be integrated into the Jesselton Quay development.

“We’re planning the whole scheme although the JV portion is only 16.25 acres,” Sia clarified. The JV entails for SBC the construction and design of an intergrated quayside at its own expenses while Suria Capital is the owner of the land.


The net sale value of Jesselton Quay was RM1.8bil, 82% towards SBC for developing and 18% for Suria Capital as land payment.

On SBC’s valuations, Kenanga Research had in June noted that the group had deep revalued net asset value as SBC’s landbanks were acquired between the period of 2000 to 2004, hence relatively low in land cost that had not been revalued.

The research house said the Jesselton Quay JV “is likely concluded in December, so we believe significant earnings contributions will only be felt from 2015 onwards.”

On whether the developer would consider revaluing its assets to include Jesselton Quay, Sia said the group preferred to recognise projects that would be completed in the near term.

However, he acknowledged that SBC’s share price did not reflect its book value.
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Old October 2nd, 2013, 03:42 PM   #225
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Old October 2nd, 2013, 04:25 PM   #226
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http://kkcwaterfront.com.my/









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Old December 7th, 2013, 12:43 PM   #227
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SURIA CAPITAL AND SBC TO DEVELOP JESSELTON QUAY PROJECT

http://suriagroup.com.my/1620/suria-...t-24-oct-2013/


Suria Capital Holdings Berhad (Suria Capital) had entered into a joint-venture agreement with SBC Corporation Berhad (SBC) to develop Jesselton Quay Project that will comprise construction and development of commercial suites, retail mall, retail units, office towers and hotel. Once completed, the Jesselton Quay Project is poised to become an iconic landscape as Kota Kinabalu city’s new waterfront and premier tourism frontier which is marina focus complete with its own cruise terminal.

The Jesselton Quay Project, that carries a minimum net sale value of RM1.8 billion, will be built on a 16.25 acre prime port land which is strategically located at the waterfront of Kota Kinabalu city centre area and to the northern fringes of the central business district of Kota Kinabalu city at the Tanjung Lipat locality. It has good connectivity to key roads, highways and ports. The port land used to be the Kota Kinabalu Container Port before the operation was relocated to Sapangar Bay Container Port in 2007.

Under on the joint-venture agreement, SBC shall be responsible for all matters relating to the Project including the implementation and completion of the Jesselton Quay Project at its own cost and expense while Suria Capital shall provide the development land, assist and facilitate in the implementation of the project.

Expected to commence in the first quarter of 2014, the project has an estimated development period of eight years. It will be developed in three precincts comprising the Commercial Suites, Retail Mall (including retail units) and Signature Precinct, that will include Signature Offices, Hotel and Office.

Once completed, the Jesselton Quay Project would be able to cater to the anticipated demand for commercial properties within the prime Kota Kinabalu waterfront area and is expected to attract both local and international home buyers and investors. In recent years, property development projects in the Kota Kinabalu city area have received strong interest from investors.

With the development land’s strategic and prime location, Suria Capital believes that the venture provides an opportunity to participate in the development of a prime land into a development project.









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Old December 7th, 2013, 12:43 PM   #228
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KOTA KINABALU CONVENTION CITY

[IMG]http://i39.************/25swhgh.jpg[/IMG]

The project includes a five-star hotel, premium office tower, landmark condominium tower and four-storey shopping mall, as well as three star hotel and apartment suites tower and commercial shophouses, integrated into a mixed use complex that takes advantage of framed views of offshore islands and proximity to the Convention Centre and future Cruise Ship Terminal.
Following submission of the initial Planning Submission to local authorities, ML Design will continue to work with MKA on the architectural design refinements of the project.
"It was refreshing for me to be able to engage actively with the MLD team in tackling the various design issues during the workshop. The MLD team not only overcame some tricky constraints (site, authorities, local culture) but during the process, was able to identify many opportunities that would add value to this complex mixed-development (music to us developer's ear). I observed that the various MLD personnel, each with their respective skill set was able to collaborate in a very harmonious and professional demeanor with a sprinkling of humour that foster creativity. The overall result achieved in a very compressed time frame was very encouraging and an endorsement of the talents within MLD."
Hendrick Yee Mun Yin, Mah Sing Group
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Old December 7th, 2013, 12:46 PM   #229
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Sabah International Convention Centre

http://segalanyauntuksabah.blogspot....abah-2013.html








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Old December 29th, 2013, 05:00 AM   #230
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KK skyline in 2022?

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Old June 1st, 2014, 03:45 PM   #231
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jesseltonquay.com
http://jesseltonquay.com/wp/


Asia’s newest waterfront lifestyle
experience & shopping paradise[/b]
Welcome to KK’s newest lifestyle destination, where heritage meets contemporary architecture at the edge of the South China Sea. This is the birthplace of Jesselton, or Kota Kinabalu as we know it today, reborn as a waterside city with stunning sea and mountain views. From the boardwalk through the shopping and gourmet precincts, Sabah’s newest urban paradise is coming soon. A place made for you to discover creative crafts, delicious cuisine and unique retail.

The darling of north borneo
Jesselton Quay is a renewal of the historic heart of North Borneo, transforming a working harbour into a waterfront district with lively new shopping, eating and entertainment intermingled with office locations and living spaces. Designed by a partnership of International and Malaysian architects, Jesselton Quay is soon to be the newest sensational waterfront destination in Asia.

SERVICED SUITES, HOTELS, MARINA
Easy Staying, Privileged Living

Jesselton Quay offers supreme convenience in exceptional surroundings. Hotels and Serviced Residences present accommodation choices for business and leisure travellers. Enjoy the outstanding connectivity and lifestyle of convenience with amenities on hand. Immerse yourself in the sights, sounds, sun and breeze off the South China Sea. Experience living in a port city.

FESTIVAL MALL, NEW GAYA street HIGH STREET
Retail Therapy, KK Style

The ever popular and historical Gaya Street is refashioned as our New Gaya Street, a fresh retail precinct where modern compliments tradition. Invest here and make the most of an unparalleled opportunity to be at the heart of the city. Jesselton Quay is on its way to becoming Kota Kinabalu’s most popular shopping paradise with high street retail and a mall to cater a diverse array of traditional crafts, local and international brands. Explore the tree shaded stretches and open squares for a distinctly KK shopping experience.

GOURMET DINING Artisanal CAFéS casual pubS
Culinary Central

Kota Kinabalu is one of Asia’s great seafood destinations any time of the year. Jesselton Quay will take the experience to another level with sensational gastronomic venues. Dine at the most stunning waterside location. Discover local eateries and artisanal cafés or enjoy the evening from an alfresco rooftop bar overlooking the lively boardwalk. Savour local and international cuisine at the new culinary focal point or be a restaurateur. Leasing enquiries welcome.

signature Office Proffessional suites
Vibrant Workplaces

The historic focal point of growth is the perfect setting to as the city’s new central business district. With its transport hub connectivity, convenience amenities and living options, Jesselton Quay is an ideal platform for businesses looking to drive forward in the Asian market. Lively retail and leisure experiences will combine to ignite a vibrant business environment. Position your brand with a signature building, start an office, or simply be where your days at the work are by the sea.

[IMG]http://i58.************/5l2w42.jpg[/IMG]

[IMG]http://i61.************/2wekx9w.jpg[/IMG]

[IMG]http://i61.************/2wchf2b.jpg[/IMG]

[IMG]http://i57.************/2ilocyc.jpg[/IMG]

[IMG]http://i59.************/30c547c.jpg[/IMG]



http://sbcgroup.fireworks.my/projects/




Last edited by 2206; July 15th, 2014 at 01:28 PM.
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Old July 15th, 2014, 01:28 PM   #232
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Old November 22nd, 2014, 01:25 PM   #233
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Kota Kinabalu Convention City

Published on: Sunday, October 19, 2014

KOTA KINABALU: The property market in the city will remain stable for years bolstered by the active developments, tourism and growing businesses. Leading property developer Mah Sing Executive Director Datuk Lim Kiu Hock on Saturday said he foresees the State's economy continuing to grow well due to these encouraging indicators with the support of a government which focused on developing the State.

"Right now there are a lot of developments taking place and we hardly see any abandoned projects here. "The State is well managed, a lot of resources, at the same time enjoying a boom in tourism," he said during the celebration of the developer's 20th anniversary and opening of its Kota Kinabalu Convention Centre sales gallery, here, Saturday.

Based on a study conducted by the Mah Sing group, Lim maintained investments on local property are viable in spite of an overpriced land value. He said developers just need to churn out the "right pricing for the right products."

Lim added prices of land in the city would continue to be on the uptrend, saying a city located adjacent to a beach is always lucrative anywhere in the world. "Of course with more development and city's expansion the prices of land will gradually go down," said Lim, adding that Mah Sing also expressed interest in venturing into developing the affordable range segment. The country's second top earning company currently has two ongoing projects in the city with a gross development value (GDV) of RM2 billion, namely Sutera Avenue with an estimated GDV of over RM500 million and the Kota Kinabalu Convention Centre (KKCC) worth RM1.4 billion.

Mah Sing which is expected to start physical work next year on the KKCC project was given a development option on another parcel of 5.5 acres of land adjacent to the project. The site of KKCC currently sits on 9.33 acres and is located next to the being-developed Sabah International Convention Centre. On May 29, Mah Sing entered a development agreement with Yayasan Sabah to develop their land bank. KKCC will comprise a 300-room five-star hotel, 330 room four-star hotel, 348 room three-star hotel, a five-storey corporate office, 299-units of residential apartments and a five-storey car park podium.

According to Mah Sing, they are now in the midst of discussion with the Accor hotel management firm to bring in the Pullman brand to Sabah for the five-star hotel undertaking and they are also banking on the cruise ship docking bay to attract visitors.

http://propertyhunter.com.my/news.php?id=1166





Quote:
Originally Posted by benz View Post

Quote:
Originally Posted by Ron81 View Post
[IMG]http://i58.************/219xxj8.jpg[/IMG]

[IMG]http://i61.************/2s1651y.jpg[/IMG]
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Old May 30th, 2015, 01:00 PM   #234
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One Jesselton Waterfront

http://www.gbg.com.my/



Gabungan AQRS Berhad (“GBGAQRS”) and Suria Capital Holdings Berhad (“SURIA”) announced the formalisation of a Joint Venture Agreement (“JVA”) for the collaborative development of a lucrative mixed development, aimed at capturing a slice of the sizeable property market potential of Sabah. The project which will be named One Jesselton Waterfront, is set to be constructed across a 7 acre plot of land within the vicinity of Kota Kinabalu Port with an estimated Net Sale Value (“NSV”) of RM 1.8 billion.

The parcel of land, which is part of 23.25 acres allocated to Suria by the State Government of Sabah, will feature a shopping mall called One Jesselton Mall with a NFA of 473,795 square feet (“Sq.Ft”), a phase of corporate offices named Suria Corporate Office with a Net Floor Area (“NFA”) of 74,487, Sq.Ft. and a phase of retail lots to be named Suria Retail with a NFA of 74,892 Sq.Ft. Additionally, the development will also include serviced suites and apartments, a condo residence as well as car park facilities, and a ferry ticketing office.
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Old May 30th, 2015, 01:00 PM   #235
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Citadines Waterfront KK




http://www.theborneopost.com/2015/04...#ixzz3XFrgqVTk


CapitaLand’s wholly-owned serviced residence business unit, The Ascott Ltd (Ascott), has expanded its presence in East Malaysia by securing a management contract for a 253-unit serviced residence – Citadines Waterfront Kota Kinabalu in Sabah.
It will be the first international brand of serviced residence in the state of Sabah when the property opens in 2018.

According to a statement yesterday, with this management contract, Ascott reinforces its lead as the largest international serviced residence owner-operator in Malaysia with over 2,000 apartment units across 10 properties in Malaysia.
Munwar Basha, Ascott’s Area Manager for Malaysia, said: “Demand for quality accommodation in Malaysia has been growing strongly as the country continues to attract foreign direct investment.

“In 2014, Malaysia’s foreign direct investment grew more than eight per cent to RM64.6 billion compared with 2013. Kota Kinabalu is the industrial and commercial centre of Sabah, Malaysia’s second largest state and the country’s biggest producer of palm oil and cocoa.

“Many government institutions and international corporations including banks have set up branch offices in the city.
“A well known destination for eco-tourism, Kota Kinabalu is also popular for meetings, incentives, conventions and exhibitions (MICE). We therefore expect strong accommodation demand from these sectors.”

Basha added: “Besides Citadines Waterfront Kota Kinabalu, Ascott will be opening two more properties in Nusajaya, Iskandar and one in Petaling Jaya, Kuala Lumpur by 2019. We will continue to seek opportunities to expand and strengthen our leadership position in Malaysia.”
Citadines Waterfront Kota Kinabalu will be strategically located in the heart of the city along Jalan Tun Fuad Stephens Road. It is a mere 10-minute drive from the Kota Kinabalu International Airport, which is the second busiest airport in Malaysia after Kuala Lumpur International Airport.

Adjacent to Kota Kinabalu’s Waterfront development that will comprise an upscale shopping mall and a seafront boardwalk lined with varied dining options, the serviced residence will offer residents a great view of the South China Sea. Residents can also enjoy convenient access to the Kota Kinabalu Central Market, KK Plaza retail mall, commercial buildings such as the City Council and various international banks.

Citadines Waterfront Kota Kinabalu is part of an integrated development that includes a retail mall with supermarket, food and beverage outlets as well as offices.
Residents can choose from a range of spacious studios, one-, two- and three-bedroom apartments that come with a fully-equipped kitchen. Residents can also make use of the comprehensive facilities at the serviced residence such as a swimming pool, children’s play pool, gymnasium, roof garden, lounge and meeting facilities.
Besides Citadines Waterfront Kota Kinabalu, Ascott will open Somerset Medini Nusajaya in 2015, Somerset Damansara UPtown Petaling Jaya in 2016 and Citadines Medini Nusajaya in 2019.

Ascott currently operates Ascott Kuala Lumpur, Ascott Sentral Kuala Lumpur, Somerset Ampang Kuala Lumpur, Citadines DPulze Cyberjaya, Somerset Puteri Harbour Nusajaya, Citadines Uplands Kuching.
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Old May 30th, 2015, 01:01 PM   #236
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Old May 30th, 2015, 01:02 PM   #237
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Amazing!
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Old June 23rd, 2015, 06:10 PM   #238
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SUPER PANORAMA SHOT OF KK WATERFRONT!!!

https://plus.google.com/+billy4eggs/posts/CkhaVmJhp28



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Old August 14th, 2015, 08:43 PM   #239
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This is pretty cool
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Old December 14th, 2015, 05:09 PM   #240
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OCEANUS MALL

http://easyinstagram.com/oceanusmall












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