Located inside Sutera Harbour Resort in Kota Kinabalu, the 99-year-leasehold Coral Bay condominiums will provide 460 items throughout eight, 12-storey blocks. The property’s distinctive place means residents both have vistas of the South China Sea or Kota Kinabalu’s lush, mountainous slopes. In truth, for the latter, owners may benefit from the greenery of Sutera Harbour Resort’s golf course. For Chinese individuals, to have a house located between the ocean and mountain is sweet fengshui. As such, the undertaking has witnessed over subscription of its “private preview” items totalling a price of greater than RM300 million.
Perfect Feng-Shui Condominium
This gated group means there’s built-in safety for peace of thoughts. Moreover, Coral Bay is in Kota Kinabalu’s metropolis centre the place life-style malls, eating places, worldwide colleges and personal medical centres are a stone’s throw away. However, many would-be homeowners are anticipating an indulgent life to absorb the sea-front views after a tough day’s work or partake in a variety of facilities and close by actions through the weekends.
Coral Bay’s typical two-to-four bed room flats vary from 1,500 sq ft to three,500 sq ft. A novel characteristic is its dual-key flats that vary from 2,000 sq ft to five,000 sq ft whereas sizes of its penthouses vary from three,500 sq ft to 9,000 sq ft. These well-appointed items will guarantee work, relaxation and play situations can at all times be loved.
GSH Corporation’s Executive Chairman Mr Sam Goi enthused, “Coral Bay is our second residential project in Malaysia, after the highly successful launch of our Eaton Residences project in the heart of Kuala Lumpur’s city centre in 2016 which won two awards for, “Best Luxury High-Rise Development” and “Best International Development” by iProperty.com. We are notably enthusiastic about out newest Coral Bay undertaking due to its very distinctive location, the ocean and mountain vistas”.
In an unique media occasion held at Kota Kinabalu, Palace journal (PM) speaks to GSH’s Chief Executive Officer Gilbert Ee (GE) about what makes this property so particular.
PM: Why did you choose this project to be in Kota Kinabalu?
GE: Kota Kinabalu is one of the fastest growing cities in Southeast Asia that is also experiencing a tourism boom, thanks to its natural at- tractions such as the marine parks, pristine beaches and Southeast Asia’s tallest mountain, Mount Kinabalu. We envisage that Coral Bay will be at- tractive to owner-occupiers, investors and vacationers. The geographical merits of this luxury, gated community condominium was hard to say no.
PM: Will there be any challenges when constructing this project?
GE: No. We brought in a strong team of consultants which can deliv- er the expertise necessary to build a luxury project. This project will be built for earthquake resistance and it will be the first seafront project to have that certification.
PM: How will GSH remain relevant and competitive in this industry?
GE: We’re still traditional as a company when it comes to delivering something unique and different – design ideas or location selection.
PM: What’s your marketing reach and the importance of social media?
GE: Now, we don’t have a lot of projects to market. It is not yet as critical as of now. However, we do have some large projects coming up, perhaps we can explore then.
PM: What’s your opinion on the Malaysian property market?
GE: Markets have their cycles. We feel that there are better points in the cycle. If you’re clear about what you want to do, you can still go to the market and be successful. Eaton Residences was launched at a bad time of oversupply, still, the project did well. Design something unique and of good value and that’s how you can attract buyers.
PM: What kind of demographic will buy your project?
GE: I think these are homes that are suitable for people who like the seaside lifestyle. The larger ones can be the trophy homes. They can also be second homes for some individuals. We have a lot of people from the People’s Republic of China visiting Kota Kinabalu and they enjoy the lifestyle here. Our project has definitely caught their attention because it is an attractive place to live.
PM: What kind of people will you attract for the local market?
GE: It’s for those who want a home by the water. For locals, our project will be attractive to those who enjoy the seascapes and yet be centrally located in the heart of the city.
PM: Tell us about the design language of this project.
GE: Swan & Maclaren has been with us developing our flagship commercial building, GSH Plaza, in Singapore. They are the same people behind Eaton Residences in Kuala Lumpur. For Coral Bay, we will have roof gardens and well-manicured gardens on the first floor. In terms of the infinity pool, it will be created such that the edges “visually” merge with the sea. We engaged a renowned Thai landscape expert to create verdant 68-metre cascading waterfalls creating an awe-inspiring arrival. The project will have many water features, pools and lush landscaping that meet azure seascapes. The luxury development is one of the few in the world that boasts a stretch of soft-sand private beach, approximately 100 metres in length, at its doorstep.
PM: How do you foresee GSH in the next five years?
GE: At this juncture, we will stay focused in good design and good quality products for our homes with a good build, so we can always attract the right homeowners.
For more information: www.coralbay-sutera.com