PROPERTY NEWS
PROPERTY NEWS by Borneo Post
Sabah’s property market booming with
catalytic projects
Shine bright like a diamond
Today, Sabah’s property market is booming, especially in Kota
Kinabalu, underpinned by rising private investment and the
expansion of tourism industry into Sabah’s real estate sector.
Sabah’s property market has been fairly resilient Government always welcomes private property
during the period of 2008 to 2014. Over the past entities to venture into Sabah’s property
years, economic activities have remarkably market.
improved since the implementation of Sabah
Development Corridor (SDC) projects, especially The growth of Kota Kinabalu’s property
those related to tourism. Following the increase market is definitely encouraging. Currently,
in touristic attraction sites in Kota Kinabalu, the government aims to address property
the city has seen an increase in tourists coming affordability via the “Malaysian My Second
in from the likes of China, Thailand, Korea, to Home” (MM2H) Scheme. In line with this,
name a few. foreigners and tourists, especially those who
regularly travel here to make Sabah their
The development of the iconic Pan Borneo second home, are encouraged to take up this
Highway and RM1 billion Bus Rapid Transport scheme.
will be a boost to the domestic business
activities. It is apparent that these will provide Undoubtedly, Kota Kinabalu is the ideal
extra unique selling points for the property location to apply MM2H with its strategic
sector here in Sabah. location and accessibility, adding that there is
increasing demand for properties.
Today, Sabah’s property market is booming,
especially in Kota Kinabalu, underpinned by With the handful catalytic projects going on,
rising private investment and the expansion of growth and investments will undeniably be
tourism industry into Sabah’s real estate sector. spurred further. Moreover, the existence of
direct flights from various countries to Kota
As the State continually strive for more socio-
economic development, the Sabah State
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Kinabalu is an added benefit.