This is a project by Sabah Urban Development Corporation (SUDC) and it’s a property development arm of Sabah Economic Development Corporation (SEDCO). In brief, SUDC by SEDCO.
Press Release: LOK KAWI TO PROSPER FURTHER WITH NEW SUDC PROJECT
The community’s value in and around the Lok Kawi area is expected to grow further thanks to the new residential project by Sabah Urban Development Corporation Sdn Bhd (SUDC).
SUDC, the property development arm of Sabah Economic Development Corporation (SEDCO), has once again showcased its commitment to building affordable houses for Sabah.
Seri Sutera is a smart partnership between SUDC and Besta Wijaya Sdn Bhd (BWSB), where SUDC is the developer and BWSB is the financing contractor
With an estimated Gross Development Value (GDV) of RM66.7 million, the low-density apartment sits on a 2.42-acre of land. It consists of two 7-storey blocks and collectively house 238 modernly designed residential units.
Anthony Dumpangol, Managing Director of SUDC, said, “SUDC is committed to developing and stimulating the Sabah state economy through our property development activities. Seri Sutera is one of our ongoing activities.”
“This affordable housing project reflects our commitment to building homes that not only last for generations but appreciate in value. 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.”
“Given its strategic location, Seri Sutera has achieved a take-up rate of 70%. We are humbled by the good response of this affordable housing project. This clearly shows the confidence that the buyers have in us and this location.”
“Papar is indeed a blessed district with immense potential for further growth. It 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,” added Dumpangol.
“Furthermore, the town is expected to benefit when the Papar-Kota Kinabalu road, which is part of the Pan-Borneo Highway, is upgraded to improve the traffic flow brought about by rapid developments.”
“There are also exciting upcoming projects along the Lok Kawi coastline. These include the KK Resort City that is worth up to RM5 billion as well as a mixed seafront development worth RM7 billion. 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 as the workforce that will come on stream in the next few years, “said Dumpangol.
Seri Sutera is surrounded by various amenities, including eateries and grocery shopping like KFC, CKS and G-Mart; schools and healthcare such as SMK Kinarut and Klinik Kesihatan Kinarut; and Kota Kinabalu International Airport. All these are within a 15 km radius.
The residential development features four layouts – Type A: 1,079 square feet (sq.ft.); Type B:943 sq.ft.; Type C: 890 sq.ft. and Type D: 568 sq.ft. Each floor comprises seventeen units that are served by two (2) lifts. Each unit is functionally designed to maximize space usability, with laminated flooring as well as celling-height tiles. Units are priced from RM175,000 onwards.
Facilities include a modern security entrance, tranquil pond and leisure walkway, car wash area, ample parking space, and ultimately complimentary membership to Mont Elkay Clubhouse. Buyers will get to enjoy recreational facilities such as swimming pool, indoor gymnasium, badminton court, children’s playground, BBQ pits, Kopitiam, Convenient Store, as well as Multi-purpose hall.
-End Of Press Release-
Love to be updated of investment news? Sign up for KopiWeekly. (once per week for property, finance, investment news and more)
Next suggested article: the KopiTalk #2: Time to visit KK yeah