PacifiCity, Super-City @ Likas Bay
Likas, Kota Kinabalu, Sabah
From RM229,614 - RM2,209,168
Set to be the largest commercial development in Kota Kinabalu,
PacifiCity will fuel Sabah’s economic activities and raise the bar of commercial
development in the state.
There is excitement brewing in the heart of Sabah involving a 25-acre site owned
by the Sabah Civil Service and Recreational Council in Likas Bay, which began as
KK Megamall more than 10 years ago.
After a rather rough start, the site is now buzzing with activity as
construction charges ahead with a refreshed design and concept brought on by the
project’s new shareholders. Pacific Sanctuary Holdings Sdn Bhd, led by Kuok
Khoon Ping, have breathed new life into the development with a grand vision for
a robust lifestyle development.
Anchored to be Kota Kinabalu’s ‘biggest shopping and entertainment attraction’,
the development will make its debut as PacifiCity – a world-class micro-city
lifestyle hub that goes by the motto ‘Live, Work, Learn, Play, Shop and Dine’.
With a strong commitment to deliver value and raise Sabah’s stake in the
regional economy, the team at Pacific Sanctuary Holdings is dedicated to
creating an outstanding integrated commercial cum residential hub that will live
up to the maxim of ‘A City Within The City’.
A Lavish Lifestyle
PacifiCity brings to Kota Kinabalu, Sabah, a refreshing new enclave of retail,
entertainment, leisure and residential experiences. The main podium offers over
750 retail stores and 200 F&B outlets spread across three floors, covering 1.5
million sq ft in the first phase.
The retail podium is surrounded by 15 ID Towers that are five to 11 storeys
high. The towers serve as unique venues for high class retail & dinning
experiences, entertainment hubs, office suites and several grades of hotel
accommodation. Above the retail podium are two parking levels providing bays for
3,000 vehicles and above that is a vast recreational deck.
The recreational deck offers a mesmerising compendium of facilities that include
one of Malaysia’s largest resort swimming pool, alfresco dining outlets, a
fitness centre, function rooms and other common facilities. The deck will serve
residents and members of the PacifiCity Club.
Rising from this deck are three residential towers, housing luxury units that
speak of distinction and affluence. Accessed by signature lobbies with stringent
security measures in place and top-class residential management, the residences
will feature sprawling and luxurious units measuring from 1,000 sq ft to 6,000
sq ft in size – fully furnished and fitted with quality appliances and
finishing.
The residential units, which are already attracting scores of local residents
and foreign buyers looking for a weekend getaway, will be launched in stages
over the next few months.
The 750 retail units at PacifiCity measure approximately 50 sq ft to 10,000 sq
ft, whilst the small office suites measure between 300 sq ft and 1,200 sq ft.
The development offers an unrivalled view of Likas Bay, the wetlands and the
picturesque wonder of Mount Kinabalu.
Fronting main access roads, off Jalan Tun Fuad Stephens and Jalan Istiadat,
whilst facing the Sabah Trade Centre, PacifiCity is an ideal location for
business and residential purposes. The development is also within a stone’s
throw from the Likas Sports Centre and the new Convention Centre, located just a
few hundred yards away.
Excellent Growth Horizon
Under Pacific Sanctuary Holding’s redesign and rebranding exercise, retail units
were put up for sale. Due to overwhelming response, more than 80% of retail
units on the lower ground floor have been sold to date.
PacifiCity is retaining the entire upper ground floor and first floor in an
effort to maintain primary control over the management of the mall. The complex
will be managed by industry stalwart CB Richard Ellis (CBRE).
Based on current property prices and rental yield, PacifiCity is expected to
offer excellent rental yields of between 12% and 18%. It will serve as a major
nerve centre to neighbouring residential estates such as the affluent Signal
Hill, Likas, Bayshore, the Peak, Damai, Lintas, Hilltop and Foh Sang.
With its excellent location just outside the central business district of Kota
Kinabalu and on the fringes of an affluent catchment area, PacifiCity has all
the ingredients of a success story in the making.
PacifiCity is set to make its official debut in June 2013, where the developer
will be revealing the complete blueprints for the projects and begin the sale of
the residential units. Buyers are also welcome to place bookings for the retail
units at the launch, which is expected to receive overwhelming response.
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October 22, 2015 10:19:50 PM |
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