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Malaysia: Construction of The Shore, the serviced residences in Kota Kinabalu, has started and is expected to be completed in 2022.
The Shore is a 25-storey tower comprising 561 units of serviced apartments with a gross development value of RM575 million. It is being developed by Titijaya Land Bhd and China Railway Engineering Corp Development (M) Sdn Bhd, one of the world’s largest construction companies, via a joint-venture company. The Shore is the first joint-property development project between the two companies in Kota Kinabalu.
The ground-breaking was held last month at the project’s 0.74ha site, witnessed by Sabah local government and housing minister Datuk Seri Panglima Haji Noor.
“With this ground-breaking ceremony, we have officially opened a new chapter in the corporate history of Titijaya, that is expanding our presence in Sabah,” said Titijaya group managing director Lim Poh Yit.
The Shore will be managed by The Ascott Ltd for 15 years.</p
