KOTA KINABALU: A new residential project by Sabah Urban Development Corporation Sdn Bhd (SUDC) is set to develop the Lok Gawi township further.
The affordable housing project, named Seri Sutera, has a gross development value (GDV) of RM66.7 mil.
The project is a smart partnership between SUDC and Besta Wijaya Sdn Bhd (BWSB). SUDC will be the developer with BWSB acting as the financing contractor.
SUDC is a wholly-owned subsidiary and property development arm of the Sabah Economic Development Corporation (SEDCO), a state government agency responsible for promoting and coordinating economic development in Sabah.
SUDC’s primary role is to unlock strategic land bank to spur economic growth.
“SUDC is committed to developing and stimulating the Sabah state economy through our property development activities,” said the managing director of SUDC, Anthony Dumpangol.
“Seri Sutera also showcased our ability to transform what was previously a rugged terrain in the less developed area of Lok Kawi into a self-sustainable community,” he said.
Owing to its strategic location, the project has received a good response with a take-up rate of 70%.
Seri Sutera will comprise low-density apartments built on 2.4 acres of land. It consists of two 7-storey blocks and collectively houses 238 residential units with a modern design.
Units are priced from RM175,000 onwards and come in four layouts – Type A: 1,079 sq ft; Type B: 943 sq ft; Type C: 890 sq ft; and Type D: 568 sq ft.
Each floor comprises 17 units that are served by two lifts. Each unit is functionally designed to maximise usage of space and is complete with laminated flooring as well as ceiling-height tiles.
Facilities include a modern security entrance, tranquil pond and leisure walkway, car wash area, ample car park and a complimentary membership to Mont Elkay Clubhouse.
Buyers will also have recreational facilities such as the swimming pool, indoor gymnasium, badminton court, children’s playground, barbecue pits, kopitiam, convenience store and a multipurpose hall.
Various amenities are within a 15-km radius including eateries and grocery stores like KFC, CKS and G-Mart; schools and healthcare institutions such as SMK Kinarut and Klinik Kesihatan Kinarut; and the Kota Kinabalu International Airport.
Elaborating on the locality, Dumpangol said Papar is indeed a blessed district with immense potential for further growth.
“It (Seri Sutera) is surrounded by thriving districts like Putatan in the North and Kinarut in the South. In addition, it is located around the border of Penampang and Papar,” he added.
Traffic flow is expected to improve further once the Papar-Kota Kinabalu road, part of the Pan-Borneo Highway, is upgraded.
Other upcoming projects will also transform the Lok Kawi coastline. These include the KK Resort City that is worth up to RM5bil as well as a mixed seafront development worth RM7bil.
“These tourism-related projects will undoubtedly create plenty of job opportunities around the Lok Kawi area.”
“Eventually, this affordable housing project will stand to benefit from the workforce that will come on stream in the next few years,” said Dumpangol.
The project is scheduled to be completed by 2021.
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