Luyang’s high-end project will transform the area | Daily Express Online


Luyang’s high-end project will transform the area

Posted on: Friday December 10, 2021

Text size:


LPPB President YB Datuk Mahsiung Banah and LPPB General Manager Rosemary Ahping (center) attend The Logg Funding Signing Ceremony between SDB President Datuk Pg Hassanel Pg Tahir (second from right ) and KTI CEO Dr Gordon Loke (second from left) with SDB CEO Datuk Vincent Pung. , and KTI MD Mdm Chin Mee Leen.

Kota Kinabalu: KTI Sdn Bhd and the Housing and Town Development Board (LPPB) have embarked on a large-scale mixed-use development project in the affluent suburb of Luyang to convert abandoned land into a high-rise residential, commercial and lifestyle center. range. The Logg, funded by the Sabah Development Bank (SDB), will see all three industry players be based in Sabah, signifying the ability of the state financial institution to support the real estate and construction sector of Sabah without depending on external funding to help stimulate the local economy. A signing ceremony between KTI and Sabah Development Bank was held on December 8 here to signify the bank’s financial support to help bring the project to completion over the next four years.

ADVERTISING

A two-day sales preview event held in conjunction with the event saw an encouraging rebound in sales of 30 percent of the condominium units as interest in the project continues to grow. SDB’s funding also comes at an opportune time amid unprecedented shutdowns in the wake of Covid-19 which has severely affected the state’s construction and related trades and downstream industries. This support has become emblematic of the mutual assistance of local industry players to overcome these challenges and remain optimistic for the future. The Logg in Luyang will be the latest in a series of successful joint venture projects between KTI and LPPB that have seen a number of social housing programs and township developments in Beaufort, Kinarut, Tuaran and Papar. KTI has spent decades designing projects, researching techniques, and implementing changes to traditional building construction standards. With completed projects at Kinarut spanning 50 acres with its ongoing Tuaran development spanning 168 acres, KTI has built on its reputation as a progressive, innovative and dynamic real estate developer that emphasizes quality affordable housing with high market value at the future .

ADVERTISING

The Logg at Luyang will be a big step forward with cutting edge architectural design and modern lifestyle amenities to attract a new generation of homeowners. The Logg was designed over eight years ago when it became apparent that Luyang needed a boost to revitalize his stagnant real estate development scenario to meet the needs of a growing population of new and larger homeowners. demanding. Luyang’s choice for the project was not only to capitalize on its prime location, but also because Kota Kinabalu needed an upward shift in retail, luxury living and the hotel experience under one roof. The project will include two luxury condominium towers, Shore and Astoria, complemented by a shopping boulevard with a host of famous retail brands. It will also include a 4-star hotel and apartment building surrounded by a refreshing intricately planned landscaped environment that is expected to raise the standard of urban living in Kota Kinabalu. A team of renowned local and international consultants have been engaged to transform Luyang into a bespoke lifestyle destination sought after by locals and tourists alike. The Logg in Luyang has created a buzz of excitement among urban lifestyle aficionados keen to experience the best life has to offer and with progress firmly on track, it won’t be long before they can make it. exactly that.
* Follow us on Instagram and join our Telegram and or WhatsApp channel (s) for the latest news you don’t want to miss.

* Do you have access to the Daily Express e-paper and exclusive online news? To verify subscription plans available.



Comments are closed.