Property Hunter Magazine Property Hunter Magazine Issue 50 - January 2014 | Page 58

/// Feature Property Launch /// FEATURE PROPERTY LAUNCH Federal Housing Minister Graced the Launch of C-Park Semangat Global (a joint venture between Daya Materials Berhad and Chang Cheng Group) recently launched Cpark, a new mixed development which will be located on the Jalan Pintas Penampang Highway, near the Kota Kinabalu International Airport. W ith a total gross development value (GDV) of RM450 million, Cpark will be a fully integrated commercial development comprising leisure, medical, business, and education facilities. 48 blocks of lifted hybrid shoplexs are available at RM399 per sq ft with leasing options. The development will also consist of a four-star hotel which aims to be the tallest hotel in East Malaysia with the highest rooftop bar and pool. The hotel will be furnished with 288 luxurious suites. A wellness centre will also be located below the hotel to further boost the medical tourism industry in Sabah. President’s College will also occupy a stand-alone building that will be big enough to house up to 3,000 students. 390 units of SOVO in Phase 2 are also in the plan. Cpark is estimated to be completed in the next three years. 58 www.PropertyHunter.com.my