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Monday, December 3, 2007

Princely response to Sabah luxury condo

The newly-launched luxury condominium, Prince Tower, in Kota Kinabalu registered 70 per cent booking even before its launch on November 23.

It is the third tower in the sprawling lifestyle complex, 1 BORNEO.

"The state is moving in a new direction, where more upmarket properties are in demand. Investors are looking for high-end products and we wanted to capitalise on the trend," Datuk Raymond Chan, the managing director of developer Sagajuta Sdn Bhd, said in Kota Kinabalu.

The 119 units of the 28 storey tower are designed with luxury, spaciousness and privacy in mind.

From corner lots to standard, duplex and penthouse, the units vary in size between 1,900 sq ft and 13,700 sq ft.

All units come with access to concierge, receptionist and housekeeping services, while some have a sky lounge as well as sky pool. Prices range from RM627,000 to about RM4.8 million.

"So far, we have interested buyers from all over, both locally and overseas. The higher-end units, duplex and penthouse, were the first to be taken up," said Chan.

He said the units are priced lower than similar properties in Kuala Lumpur where one sq ft can fetch close to RM1,000.

"Here, we are selling it for RM350 per sq ft, plus you get all the conveniences and amenities close by, " he added.

Chan said the three towers comprising Prince Tower, Towers A and B offer a total of 1,008 units, which are expected to be completed in 18 months.

1Borneo is slated for an official launch in April next year. It will have a hypermall, autocity, four international and regional hotel chains, condominium, oceanarium, spa and fitness centre, and bowling centre, among other amenities.

By New Straits Times (by Julia Chan)

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