At the ground-breaking ceremony for Titijaya Land Bhd's The Shore commercial hub in Kota Kinabalu, Sabah. From left: Minister of Local Government and Housing of Sabah, Datuk Seri Hajiji Noor and Titijaya Land group managing director Tan Sri Lim Soon Peng.
KUALA LUMPUR: Titijaya Land Bhd
has launched “The Shore” - a mixed-use waterfront premium class hub in Kota Kinabalu, with a gross development value of RM575mil.
In a statement on Tuesday, the company said the 25-storey building would comprise 561 residential and commercial units, with built-ups ranging from 409 to 541 sq ft and priced from RM453,000.
“Upon completion, The Shore will offer better-quality accommodation to the local community, boost Sabah’s business and spur tourism activities,” it said.
Titijaya said the project would benefit from factors such as its strategic location - 15-minute drive from Kota Kinabalu International Airport and accessibility to the commercial centres and nearby amenities around the neighbourhood.
Deputy group managing director Lim Poh Yit said the company was confident that The Shore would become an iconic landmark in Kota Kinabalu, and would become a tourist attraction in Sabah, especially with the support from the state government.
“We foresee a positive demand for The Shore due to the encouraging economic growth and the increasing population in Kota Kinabalu, making it a new growth frontier as the property market matures in the region,” he added. - Bernama
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