Property Hunter Magazine Property Hunter Magazine Issue 52 - March 2014 | Page 61

Mah Sing Group Celebrates CNY T he Mah Sing Group recently ushered in the Year of the Horse with their business partners and customers. The CNY celebration was held at their sales gallery at KK Times Square. The festivities came to life with firecrackers and a lion dance to chase away bad luck and negative energy in 2014. The God of Wealth, also gave away golden chocolate coins as a symbol of luck and wealth. Guests were also treated to a scrumptious lunch buffet. With various projects in the pipeline this year, Mah Sing is ready to continue moving forward. SP Setia Group to Enhance KK’s Status K ota Kinabalu is experiencing dynamic growth in its economy, tourism and real estate market. And SP Setia Bhd Group who recently held their Chinese New Year celebration at their sales gallery in KK Times Square is set for 2014. The Group will enhance its status with the 60-acre Aeropod, the city’s first integrated transport hub development. Stategicially located directly opposite Terminal One of the Kota Kinabalu International Airport (KKIA), Aeropod will be the new home of the existing Tanjung Aru railway station, which is part of the 134km Tenom-Tanjung Aru line formerly known as the North Borneo Railway and is the only operational rail transport system in Sabah. SP Setia will modernize and redevelop the train station, which covers about 18 acres, and as he city’s new transport hub, Aeropod will be similar to KL Sentral is some ways. Business development senior manager Alex Loh said, “We hold a long-term goal everywhere we go and we will be cautiously looking at the opportunities open to us because the real estate sector will be challenging this year. But we are excited that the number of tourist arrivals is very significant,” he said adding that Sabah’s growth is coming from multiple dimensions, including the robust oil and gas sector. According to project planning and development senior manager Timothy Lim, “The first phase is to do the train station while the second phase is the commercial part of it. Very soon you will see the superstructure coming up and we hope to finish off within two years according to schedule. We will also be constructing a flyover at our own cost which starts from KKIA all the way to Kepayan.” Launched in February 2012, Aeropod will take10 years to construct and upon completion will include two hotels, 1,500 to 2,000 residential units and 140,00 sq ft of retail space. The urban pad will also include retail offices, corporate offices, a shopping mall with food and beverage, and entertainment outlets, plus SOVO units. Construction of boutique retail offices are currently in progress and due for completion in 2015. www.PropertyHunter.com.my 61