Property Hunter Magazine August Issue 2014 | Page 6
/// Cover Story
Green Is In At City Point Complex
A
new development taking shape
in Kota Kinabalu is going green
to be friendlier to nature while
offering all the necessary luxuries of a
high-end hotel and retail property.
City Point Complex is a 16-storey
development spread over 2.7 acres
of land in Karamunsing with a Gross
Development Value (GDV) of RM300
million. The project will consist of 318
units of 5-star hotel rooms, four levels
of branded retail outlets, a banquet
hall that can accommodate up to 200
tables, a 5-storey carpark with 1,000
parking spaces and offices for the
Sabah United Chamber of Commerce
(SUCCC) and United Sabah Chinese
Communities Association (USCCA).
The project was announced following
the official agreement of the joint
venture between land owners, the
SUCCC and USCCA, and Arah Permai
Sdn Bhd, the developer engaged to
complete the project. Construction
/// COVER STORY
is expected to start in September
2014 and to be completed within 42
months.
Arah Permai Sdn Bhd itself is a joint
venture between Sabah-based
Kinsabina Group and Sarawak-based
Hock Lee Holdings Sdn Bhd whose
impressive credentials and perceptive
approach to the project earned
them the award to develop City Point
Complex and Hotel Suites.
City Point Hotel Lobby Artist’s Impression
6
www.PropertyHunter.com.my