Property Development

With Kota Kinabalu’s panoramic waterfront as the backdrop, Suria has embarked on two landmark property development projects, Jesselton Quay (JQ) and Jesselton Docklands Development.

In 2016, Suria, in partnership with SBC Corporation Berhad, launched the JQ development project. The first phase, JQ Central, was completed in 2022 and features service suites, a vibrant recreation club, and commercial gallery shoppes. As part of the agreement, Suria received 90 units of gallery shoppes. Of these, 29 units have been converted into Suria’s new corporate office, while the remaining units are available for lease, offering prime commercial opportunities.

Phase 2 of the JQ project which consists of a high-rise hospitality tower and a low-rise heritage precinct of commercial shops and open area, had commenced construction by end of year 2024 and is slated for completion in year 2028.

In a further expansion of its property development portfolio, Suria entered into two Joint Venture Agreements in February 2024 with BEDI Development Sdn. Bhd., a subsidiary of EXSIM Development Sdn. Bhd., for the Jesselton Docklands Development. Spanning 2.534 hectares (Land 1) and 11.69 hectares (Land 2) near the Kota Kinabalu Port area, the development is envisioned as an integrated tourism-focused destination. Land 1 will commence development in 2025 with a six-year project timeline, while Land 2 is expected to begin in 2028 and complete over twelve years.

Together with the Sabah International Convention Centre and Kota Kinabalu Convention City, these developments will form Jesselton Waterfront City—envisioned as Sabah’s premier coastal destination and a vibrant new urban centre for commerce, tourism, and lifestyle

Looking ahead, Suria’s strategic vision also includes the establishment of a dedicated International Cruise Terminal (ICT), further anchoring Kota Kinabalu’s position as a key homeport and destination of call for regional and international cruise liners.

Contact person:
Datin Soh Wan Ru
Head
Group Corporate Planning and Development
Suria Capital Holdings Berhad
Email: sohwr@suriaplc.com.my

Visit Jesselton Quay and Jesselton Docklands website for more info.

Sapangar Bay Container Port was announced as the Winner of the Green Port Award System (GPAS) for Year 2019 at the APEC Port Services Network (APSN) Forum held on 24 September 2019 at Cusco, Peru. The award was presented by Ms. Maria Jara Risco, the Minister of Transport and Communications of Peru and Mr. Tan Cheng Peng, the First Vice-President of the APSN Council, witnessed by Mr. Edgar Patino, the Chairman of the Board of the National Port Authority of Peru and Mr. Fei Weijun, the Secretary- General of APSN to representatives of Sabah Ports Sdn Bhd.

SBCP was recognized for the numerous green initiatives taken such as the installation of electrical Rubber Tyred Gantry Cranes, usage of LED lighting and implementation of the
Autostore Terminal Operating System which minimizes paper consumption. The APSN council further noted SBCP’s active engagement in ecological conservation through projects such as seagrass transplanting, mangrove restoration and rehabilitation projects across the port locality.

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