Property Hunter Magazine August Issue 2014 | Page 10

/// Cover Story

City Point Hotel Superior Suite Artist’s Impression
from the carpark rental is estimated at RM500,000 per
month which gives the association an expected monthly
income of RM200,000.
Another source of revenue for the associations to
run their social, welfare and educational programmes
would come from rental of the Grand Ballroom. This will
guarantee that the associations continue to get returns
from its land ownership which is valued at RM40 million.

The Hotel

City Point Complex and Hotel Suites will play a pivotal
role in addressing the lack of rooms especially in the
5-star category to cater to tourist arrivals in the state
which has already surpassed the 3 million mark in 2013.
There are two hotel blocks from the 9th to 16th floor
consisting of 318 units of superior suites. Each block
will have its own full-serviced kitchen and fine-dining
restaurant at the open sky roof terrace offering
magnificent sea and city views.
A well-known hotel operator will be engaged to manage
the 5-star hotel to provide first-class amenities and
service to the tourism industry. The air-conditioned and
alfresco restaurants at the sky roof will be managed
by the hotel and will have the distinction of being the
highest sky terrace in the city.

The Mall

The 4-storey retail mall from the basement to second
floor will have lots for sale with a total of 55 per cent
reserved for developer ownership. There will be 130
retail lots of various specifications with a major anchor
tenant to be sited in each block. Price of the lots range
from RM1,800 to RM2,800 per sq ft.

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The retail outlets will offer shoppers a selection
of high-end products for an exclusive shopping
experience. Shoppers can also enjoy a variety
of food specialities at the second floor food
court or fit in a bit of exercise and pampering at
the gym and spa which is open to public.

The Grand Ballroom

A prime feature of the property will be its multipurpose ballroom. Once completed, the 3270
sq m Grand Ballroom at City Point Complex
will be the biggest in Kota Kinabalu with the
capacity to accommodate up to 200 tables.