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