Property Hunter Magazine August Issue 2014 | Page 14

/// East Malaysia Property News

PacifiCity Welcomes Shopping Mall Anchor Tenants
services and featuring new
store design that appeals to
the local community.
The project’s 8-screen
50,000 sq ft Cineplex will
be TGV Cinemas’ first
establishment in Sabah. TGV
Cinemas is one of Malaysia’s
oldest and largest multiplex
cinema operators with 22
cineplexes and close to
180 screens across the
country. Their strategic
Everrise Supermarkets represented by chief executive officer Jeffrey Sia and partnership with IMAX has
TGV Cinemas represented by chief executive officer Gerald V Dibbayawan
transformed an ordinary
at the signing ceremony at the PacifiCity Sales Gallery witnessed by director trip to the cinema into a
general of Kota Kinabalu City Hall, Datuk Yeo Boon Hai, and executive
totally immersive movie
director Kuok Khoon Ping and managing director Jonathan Wheeler of the
experience.
project developer Pacific Sanctuary Holdings Sdn Bhd
PacifiCity welcomed its
two anchor tenants for the
lifestyle shopping mall which
is set to open in 2015.

has contributed to its family
friendly positioning and
tenancy mix of the shopping
mall.

The two tenants, Everrise
Supermarkets represented
by chief executive officer
Jeffrey Sia and TGV Cinemas
represented by chief
executive officer Gerald V
Dibbayawan attended the
signing ceremony at the
PacifiCity Sales Gallery today
(June 11).

“Reflecting our community
centric vision, we have
placed a lot of emphasis on
creating a family friendly,
safe and professionally
managed shopping centre.
Through dialogue with
our target patrons and
experienced retail planners,
we are crafting a shopping
mall that will serve the
wants, needs and whims
of KK’s population,” says
Jonathan Wheeler.

Also present at the
ceremony was director
general of Kota Kinabalu City
Hall, Datuk Yeo Boon Hai,
and executive director Kuok
Khoon Ping and managing
director Jonathan Wheeler of
the project developer Pacific
Sanctuary Holdings Sdn Bhd.

He adds that the two anchor
tenants will be bringing
exciting new retail and
entertainment concepts to
Sabah.

PacifiCity is a premier
lifestyle hub offering
fully-furnished sea and
mountain-view residences,
international standard
offices, luxury hotels and an
entertainment rich shopping
mall spread over 25-acres
of land in Likas Bay. The
shopping mall will be the
first phase of the project to
be completed.

Everrise Supermarket, one
of the largest and fastest
growing supermarkets in
Sarawak, opened its first
store in 1993 and today
offers complete one-stop
grocery shopping for all
household needs, combined
with a value-for-money retail
experience across 20 stores
to serve a lifestyle oriented
customer.

PacifiCity represents a new
focal point for Kota Kinabalu
teeming with a rich mix of
local businesses, community
centres, top schools and a
large catchment of local and
expatriate residents which

The new 25,000 sq ft
Everrise Supermarket in
PacifiCity aims to create a
new lifestyle and consumercentric supermarket
environment by introducing
new lines of products and

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The IMAX screen is four
storeys high, allowing a
picture that is bigger, higher
and wider than your field of
vision, fully immersing the
viewer in the movie. The
experience is intensified by
a laser-aligned 12,000 watt
sound system and a custom
designed seating layout to
ensure movie-goers are
always in the centre of the
action.
The design of PacifiCity’s
450,000 sq ft shopping
centre draws inspiration
from Sabah’s natural beauty,
quite literally ‘bringing the
outside inside’ with features
such as the Kinabatangan
River Village, a 90-meter
long indoor river spanned
by quaint little boutiques
and cafes, to a cavernous
signature atrium filled with
green walls, natural timbers
and light wells.
Site progress continues on
track with the topping out of
the retail podium expected
by early next year.

SHEDA: Building Materials Should
Be Zero-Rated From GST
suppliers and contractors
may claim input credit
tax and not be forced to
significantly increase the cost
of building homes.
Sim explained that
developers will not be able to
claim back the GST imposed
on building materials if
residential properties are
exempt-rated.
“An inability to claim back
such tax will also naturally
lead to higher building and
development costs,” he said.
SHEDA secretary-general, Sim Kiang
Chiok

The Sarawak Housing and
Real Estate Developers’
Association (SHEDA) has
urged the government to
make building materials zerorated from the Goods and
Services Tax (GST) as well
as to reclassify residential
properties.
SHEDA secretary-general,
Sim Kiang Chiok revealed
that the association has
appealed to the federal
government via a joint
memorandum with Sabah
Housing Real Estate and
Developers’ Association
(SHAREDA) and Real Estate
and Housing Developers’
Association (REHDA) f ܂