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Saturday, November 24, 2007

1-Borneo condo units 50% booked

Kota Kinabalu: Sabah's largest complex 1-Borneo yesterday launched sales for its third tower with 50% of the 119 duplex units being booked.

The potential buyers were local as well as from Brunei, Sarawak, Singapore and Peninsular Malaysia, said developer Sagajuta Sdn Bhd managing director Datuk Raymond Chan.

He described the units in the 28-storey Prince Tower as “palatial-style condominiums” with built-up areas ranging from 1,262 to 1,900 sq m and priced from RM627,000 to RM4mil.

“We are very confident there is a return in confidence in Sabah’s property market and the recent abolishment of property gains tax will further boost the market,” he told reporters at the launch.

When completed, 1-Borneo will comprise among others, a hypermall, autocity, hotels, oceanarium, discovery centre, handicraft and cultural centre, spa fitness centre, amusement centre, bowling centre and gourmet lane.

The hypermall, which has 1.3 million sq ft net lettable area, is poised to open in March.

Tune Hotels, one of four hotels in the complex, was slated for a January opening, 1-Borneo centre management director Wong Chee Hwa said after a partnership agreement signing with Genting Worldcard Sdn Bhd for the Platinum Club Card loyalty programme recently.

The other hotels - Mercure, Novotel and Best Western Courtyard - would be opening their doors by mid-2008.

Wong said the Oceanarium and Discovery Centre, would also open by May.

On the Platinum Card programme, he said the RM150 annual fee would enable its members to enjoys a host of privileges at 1-Borneo and its sister property, Warisan Square in downtown Kota Kinabalu.

Among others, card members would be offered more then RM1,000 rebate and discount vouchers at the various outlets at both malls and 50% discount on rack rates at the Mercure, Best Western Courtyard and Novotel hotels.

By The Star (by

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