KOTA KINABALU | Waterfront Development News‎

[nazrey]

KK Times Square & the mall

KK City Waterfront

by patrickplim

image hosted on flickr

[nazrey]

KK Waterfront

[nazrey]

KK City Waterfront

by caluwe

image hosted on flickr

[Gonzalo90uy]

Nice project!

[nazrey]

Suria Sabah In Progress

[nazrey]

The Mall (KK Times Square Phase 2) - Slow Progress

[nazrey]

Suria Sabah
by Anthony2799

image hosted on flickr

[pearl600]

Originally Posted by nazrey

Sabah to re-look at massive plan following public complaints in Kota Kinabalu
Friday December 21, 2007
TheStar



KOTA KINABALU: A re-development of the city’s waterfront has now caught the eye of the state government, which intends to review the massive 2km-long project.

State Resource Development and Information Technology Minister Datuk Dr Yee Moh Chai said they wanted a re-look at the project, which includes the construction of a hotel and shopping mall on a 1.24ha strip of seafront land.

Those who have voiced their concerns about the project include residents of nearby condominiums, who fear that their view of the South China Sea and Tunku Abdul Rahman Marine Park islands would be blocked when the project, to be jointly undertaken by City Hall and a private developer, is completed.

Last week, Mayor Datuk Illiyas Ibrahim announced the revival of a 15-year-old plan to upgrade the city’s waterfront.

It was initially given the nod by the state government on Dec 5.

Following complaints from the public, state Tourism, Culture and Environment Minister Datuk Masidi Manjun said the authorities would “painstakingly” study all aspects of the project.

On another matter, Yee said the state Cabinet had reaffirmed that the central market here would not be relocated.

There have been calls for the market to be relocated for the past several years, as it was said that it was no longer suitable to be in such a prime location in the state capital’s downtown area.

I think that the development of the city, should not be hindered by minority, say the marina court residents who used to enjoy a sea view. Because if that has to be taken account, then marina court is also also blocking the view of Asia City or Api Api. Or that the Suria Capital is blocking the sea view of Gaya Street.

[manila_eye]

Thanks for developing Sabah... This will benefit us in the future

[ericcraig2]

no update for kota kinabalu city waterfront project..?? cancelled already..??

[ericcraig2]

erm..

[ericcraig2]

if didnt not enough land just reclaim lor... labuan oso reclaim their land to do the waterfront project....

[ericcraig2]

hope the project still go on the plan...

[nazrey]

Suria Sabah
by AhChuan

[nazrey]

by AhChuan

[nazrey]

Suria Capital looks for strategic partners
Monday September 15, 2008 Stories by SHARIDAN M.ALI TheStar



An artist's impression of Jesselton Waterfront.

SURIA Capital Holdings Bhd is actively looking for strategic transhipment partners for its new Sapangar Bay Container Port (SBCP) in efforts to establish the terminal as the transhipment hub in East Malaysia and the Brunei-Indonesia-Malaysia-Philippines East Asean Growth Area (BIMP-EAGA).

The ideal strategic transhipment partners are main line and port operators that will rapidly contribute to volume growth at SBCP. With transhipment, the port will not have to rely solely on import and export shipments.

The RM400mil SBCP commenced operation in July last year.

Suria Capital’s wholly owned subsidiary, Sabah Ports Sdn Bhd manages SBCP and seven other ports in Sabah.

Group managing director Datuk Abu Bakar Abas told StarBiz that the group was working towards streamlining its port operations for Lahad Datu, Sandakan and Tawau to be feeder ports to SBCP.

“We are working closely towards this and various shipping agents have agreed in principle.

“We hope the additional throughput generated through this effort will entice main line operators and this in turn, will pave the way for SBCP’s regional hub business,” he said.

Additionally, Abu Bakar stressed that the group would continue to focus on organic growth for its port operations and related services.

“We will focus on organic growth for all our port operations business, to leverage on our existing strength.

“We will also continue to expand our bunkering and logistics businesses for the provision of storage facilities and oil trading activities.

“This includes the provision of additional logistic services at various ports to capture a bigger market share,” he said.

He said the port expansion plan would capitalise on the approved service project tax incentive.

Sabah Ports has been granted approval by the Finance Ministry for tax incentive applied under the Approved Service Project.

On future prospects, Abu Bakar said the Sabah Development Corridor would have a good impact on its port business as the ports would be maritime gateways to the state.

On short term strategies, Abu Bakar said Suria Capital planned to improve container yard planning and focus on cost reduction for Sabah Ports, especially at SBCP.

“We are also looking into domestic hubbing initiatives to create the critical mass needed to entice main liners to directly call at our ports.

“We support the removal of the congestion surcharge after achieving the desired efficiency for ports in the east coast of Sabah.

“The move will enable the ports to increase charges for equipment usage,” he said, adding that the group was also seeking a port tariff review that had been used for 30 years.

Overall, Sabah Ports targets to handle around 300, 000 TEUs (twenty-foot equivalent units) of which 250,000 TEUs is estimated to be handled by SBCP this year.

For the first six months of this year, SBCP already handled 95,000 TEUs.

For its property and development segment, Abu Bakar said Suria Capital planned to kick start the development of its flagship project, the RM1.5bil Jesselton Waterfront via strategic alliances with reputable developers and contractors.

Its proposed joint ventures with Glomac Bhd and IJM Corp Bhd for the Jesselton Waterfront was called off late July.

“This was due to the inability of all parties to reach a mutual agreement on several pertinent issues. The decision has been made to ensure neither parties settled for a disadvantageous position in terms of return and project management,” Abu Bakar said.

The Jesselton Waterfront project includes modern hotels, condominiums, a commercial complex, international restaurants and a maritime museum.

Abu Bakar said currently Suria was in the midst of talking to other developers with wide experience in high-end property development.

“The potential partners or developers have significant experience in the specific precincts to be developed namely the five-star hotels and high-end waterfront condominiums.

“Suria is now looking forward to signing the joint venture agreements subject to the issuance of land title to us by the state government (as per port privatisation agreement),” he said.

The first precinct of the Jesselton Waterfront project is expected to be launched by the first quarter of next year.

The Jesselton Watefront project is undertaken by another Suria Capital subsidiary, Suria Bumiria Sdn Bhd.

On Suria Capital’s contract and engineering business, Abu Bakar said the group aimed to expand it into a full-fledged construction company from a mere project management company.

“We also plan to explore the oil and gas contract engineering sector,” he said.

[Tyan]

hey hi, thank you for all the information of the developments here. I got a qns, i've observed that the KK city waterfront has not been started for a pretty long time. it has only cover up the land but no work has started yet, do u have any idea?

[nazrey]

Jesselton Point
by Moo Moo™

image hosted on flickr

[nazrey]

Suria Sabah
(Next to Jesselton Point)
by Moo Moo™

image hosted on flickr

[nazrey]

Suria Sabah
by benz