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.
Construction work starts at Kota Kinabalu serviced apartments
Construction of The Shore, the serviced residences in Kota Kinabalu, has started and is expected to be completed in 2022.
“"It’s been really good. For a first event, the numbers are good, and we’ve had some very positive feedback from the owners that we’ve invited here. We’ve had some really good conversation with partners and potential owners. The atmosphere has been really good - I think the tours of Bangkok yesterday which allowed people to get to know each other on an informal basis was a great idea. I’m sure the event will grow from here."
Douglas Martell, chairman & CEO, Onyx Hospitality Group
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