16th August, 2010
KOTA KINABALU: Masama-Winquest JV Sdn Bhd and Koperasi Serbaguna Kakitangan Sawit Berhad (KOSAWIT) have jointly launched the Sungai Balung Taman Sawit Commercial Centre and Housing Development in Tawau.
The project, which has been identified as having the potential of becoming a commercial hub to meet the growing population is located at KM35 Apas-Balung highway, said Masama-Winquest’s managing director Calvin Teo.
“Taman Sawit is strategically located near the Tawau Airport (7km to the south of Sungai Balung) and opposite the Teacher’s Training College, SMK Balung and SK Balung. With the completion of UiTM in 2012, there is a greater need for accommodation to meet the growing number of student population,” he said.
Sungai Balung is a fast developing hub with Taman Sri Balung comprising 970 apartment units built in the confines of cocoa and oil palm plantations, with nine villages nearby, he said.
“Vast development has been planned for Sungai Balung where the Federal Government has built reservoirs and promoted accessibility to further enhance the potential of Taman Sawit as the new township with the establishment of facilities such as financial institutions, recreational outlets and medical institutions,” said Calvin.
Taman Sawit consists of four phases with the first phase comprising 94 units of double-storey shop offices and 10 units of three-storey shop houses; the second phase with 139 units of single-storey terraced houses; third phase with 193 units of single-storey terraced houses and the fourth phase with 166 units of single-storey terraced houses.
“Bookings are now open for Phases 1, 1A, 2 and 3. However, all 139 units of single-storey terraced houses of Phase 2 have been snapped up due to overwhelming response and only few units of the Phase 1 two-storey shop offices are still available. Fifty seven units of Phase 1 would be completed by next year and construction of Phase 2 has begun,” he said.
Calvin added that another 37 units of two-storey shop offices and a 10-unit 3-storey budget hotel have been planned for Phase 1A, which will strengthen Sungai Balung’s ability to accommodate the influx of tourists and customers seeking accommodation and hospitality services.
“Development of the Sungai Balang area has opened up vast investment opportunities for some 30,000 locals living in the area and their investments will yield good returns,” said Summit Real Estate managing director Kenneth Koh, who is the appointed sole marketing agent for the Taman Sawit property.
Potential buyers or investors can get more information about the project from Masama-Winquest at the upcoming Sabah Housing and Real Estate Developers Association (SHAREDA) property exhibition 2010 to be held at the Sabah Trade Centre from August 28 to 31.