Property Hunter Magazine Property Hunter Magazine - Issue 56 | Página 22

/// Hot Topic /// HOT TOPIC On The Move KOTA KINABALU SOUTHERN CORRIDOR Imaginary superimposed version of Kota Kinabalu city B eing one of the most picturesque waterfront cities in Malaysia comes with a price. But is the price getting too high to pay? Kota Kinabalu has the distinct advantage of having expansive and often spectacular views of the South China Sea that has held it in good stead in its fast-paced development from humble fishing village to cosmopolitan city. Undoubtedly the view has played a big part in the city’s growth 22 www.PropertyHunter.com.my of residential and commercial buildings. Nearly half of the city centre sits on reclaimed land with each subsequent development inching further and further out to sea to position itself in the most advantageous sea facing location. With whatever available land being used or earmarked for future development, the city centre is being squeezed into a chokehold that is not showing any signs of relenting. Two more prominent projects, the multi-million ringgit Jesselton Quay and KK Waterfront, are in the pipeline and this will once again alter the city’s landscape with the addition of new luxury hotels, highend condominiums, office towers, lifestyle malls and a cruise terminal . Urbanites who are feeling the financial pinch of living and working in the city centre are also looking for ways to unshackle themselves from the inconveniences of big city problems like traffic congestion, air pollution, lack of space and high parking fees. This goal to enhance their living space and urban lifestyle has shifted the city’s gravitational centre towards a less pressurised location. Cities grow in a circular fashion but Kota Kinabalu is hemmed in by the sea to the west and highlands to the east leaving it very little choice now but to expand northward and southward. “The overall centre of gravity for Kota Kinabalu remains at the CBD – Central Business District,” explains Ho Chin Soon, renown local property analyst and author.