The Jesselton Quay Project is poised to become an iconic landscape as Kota Kinabalu city’s new waterfront and premier tourism frontier which is marina focus complete with its own cruise terminal.
Jesselton Quay carries a minimum net sale value of RM1.8 billion, will be built on a 16.25 acre prime port land which is strategically located at the waterfront of Kota Kinabalu city centre area and to the northern fringes of the central business district of Kota Kinabalu city at the Tanjung Lipat locality. It has good connectivity to key roads, highways and ports.
The project has an estimated development period of eight years. It will be developed in three precincts comprising the Commercial Suites, Retail Mall (including retail units) and Signature Precinct, that will include Signature Offices, Hotel and Office. Once completed, the Jesselton Quay Project would be able to cater to the anticipated demand for commercial properties within the prime Kota Kinabalu waterfront area and is expected to attract both local and international home buyers and investors. In recent years, property development projects in the Kota Kinabalu city area have received strong interest from investors. The project will integrate the Kota Kinabalu International Cruise Terminal, marina facilities and the Sabah International Convention Center (a project by Yayasan Sabah).
With the development land’s strategic and prime location, Suria Capital believes that the venture provides an opportunity to participate in the development of a prime land into a development project.
Jesselton Quay is a joint venture development with SBC Group Berhad. SCHB Engineering Services Sdn Bhd will provide project management on behalf of SuriaGroup.
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One Jesselton Waterfront
One Jesselton Waterfront is a luxurious mixed development project set to be constructed across a 7 acre plot of land within the vicinity of Kota Kinabalu Port.
With an estimated Net Sale Value (NSV) of RM 1.8 billion, the development will feature a shopping mall called One Jesselton Mall with a Net Floor Area (NFA) of 473,795 square feet (Sq.Ft), a phase of corporate offices named Suria Corporate Office with a NFA of 74,487, Sq.Ft. and a phase of retail lots to be named Suria Retail with a NFA of 74,892 Sq.Ft. Additionally, the development will also include serviced suites and apartments, a condo residence as well as car park facilities, and a ferry ticketing office.
According to Knight Frank (global real estate consultants), “The property market in Sabah has been identified in recent years as a new real estate growth frontier within the region, and is well on its way to becoming an international hotspot for both travelers and savvy investors alike. The city is extremely well connected, being serviced by approximately 139 international flights weekly from a variety of different departure cities around Asia, in addition to 485 flights weekly from 11 cities and 4 towns across Malaysia. Jesselton Port itself enjoys heavy traffic with more than 150 marine transportation vessels including ships, ferries and speedboats, docking on a daily basis. In light of these favorable conditions, One Jesselton Waterfront is poised to become an iconic landmark in Kota Kinabalu as the city’s premier waterfront tourist destination once completed, and will provide stable recurring revenue over the long term”.
One Jesselton Waterfront is a joint venture development with GABUNGAN AQRS BERHAD (“GBGAQRS”). SCHB Engineering Services Sdn Bhd will provide project management on behalf of SuriaGroup.
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Kota Kinabalu International Cruise Terminal (KKICT)
Malaysia’s Federal Economic Planning Unit, Ministry of Tourism and the Ministry of Transport has developed the National Cruise and Ferry Infrastructure and Tourism Blueprint, in which Kota Kinabalu Port has been identified to be the international cruise Hub for East Malaysia. The creation of the world class cruise terminal in Kota Kinabalu will greatly benefit the State‘s tourism and create tremendous economic spin off for Sabah.
The KKICT aspires to be a homeport for international cruise liners and provide a second entry point for tourist to visit Kota Kinabalu. Located adjacent to Suria’s waterfront developments and other commercial projects, the entire stretch is poised to be a bustling and vibrant tourist attraction.
SuriaGroup will be the operator for this terminal and is currently working very closely with the government and relevant parties into making this a success.