Property Hunter Magazine August Issue 2014 | Page 25
Sepanggar Port, Oil and Naval Base
UUC - University Utama Condominium
condominiums, apartment and
lifestyle conceptual retail shops
to overtake demand for landed
properties which are getting more
costly. Land cost that was at RM13
sq ft about 10 years ago is now well
into the RM45 sq ft to RM150 sq
ft range. The price for a standard
terrace house has almost doubled
within this period from an average
of RM300, 00 to RM570,00 per unit
today.
First time home buyers are now
keener to purchase apartment
or condominium units that
are still more affordable than
landed properties. A mid-range
condominium such as Canggih
Heights located along the Tuaran
Bypass was priced between RM350
– RM550 sq ft when it was launched
last year but prices are expected to
1Sulaman under construction
rise for newer condominiums as the
booming job market in the northern
corridor continues to attract more
people into the area.
Road And Sea Connectivity
The positioning of the Sepanggar
Bay Container Terminal, a Royal
Malaysian Navy base and the
Sepanggar Bay Oil Terminal in
the northern corridor has also
accelerated the population growth
in the area. The inherent traffic
congestion as a result of these
developments puts residents in
a daily gridlock during rush hour
which has impeded efficient
transportation of goods and people.
The two highways and one bypass
built to alleviate this problem has
lost much of its initial impact and
purpose as more vehicles fill up the
roads every year.
In a bid to improve access, reduce
traffic congestion and increase
efficiency, a tunnel is being
constructed to cut the travelling
time and distance between the
seaport in Sepanggar Bay and
the industrials clusters. Dubbed
the Sepanggar Tunnel, the RM66
million project consists of a 2.5km
dual carriageway, including a 600m
twin-tunnel that will shorten the
stretch from the container terminal
at Sepanggar Bay port to the Kota
Kinabalu Industrial Park by 3km,
compared to the previous 10km via
the Sulaman Road-Sepanggar Bay
route. Construction of the tunnel
has begun and is expected to be
com