Kota Kinabalu, 2016 – Mah Sing Group (Mah Sing) recently organised a roof topping up ceremony, Sutera Rooftop Jazz Night, symbolising the completion of development structure and preview of sky bar concept of Lifestyle Shop-Offices of Sutera Avenue@Kota Kinabalu.
The event was graced by Yang Berbahagia Datuk Yeo Boon Hai, Mayor of Kota Kinabalu; James Bruyns, Chief Sales Officer C Suites of Mah Sing; William Ow, Chief Operation Officer of Mah Sing and Jack Ong, Chairman of Kota Kinabalu Jazz Festival 2016. The residential and retail component of Sutera Avenue are scheduled to be completed by Q12017.
As the official developer sponsor of Kota Kinabalu Jazz Festival 2016, the event adopted a jazz theme and featured live jazz performances by talented musicians which will be performing during the festival.
Sutera Avenue@Kota Kinabalu is an integrated development with an estimated gross development value (GDV) of RM502million that sits on a 4.26 acres of land. Located just across Sutera Harbour Resort, the development is surrounded by established neighbourhood complemented with scenic views of emerald green fairways and turquoise blue waters. Standing out with its sleek and contemporary architecture, Sutera Avenue is poised to be an exceptionally captivating landmark in Kota Kinabalu.
“We are pleased to share that the commercial components of the development, lifestyle shop-offices is fully sold and Festive Avenue Retail has a 75% take up rate. Sutera Avenue’s inherent features as an integrated development and its strategic location will see Sutera Avenue as an effective property for retail yield or capital appreciation,” said James Bruyns, Chief Sales Officer, C Suites of Mah Sing.
The entire development consists of Lifestyle Shop-Offices, Festive Avenue Retail shops and The Residences, serviced apartment.
Sutera Avenue – A vibrant commercial center
The commercial component of Sutera Avenue consists of Lifestyle Shop-Offices and Festive Avenue Retail Shops. Lifestyle Shop-Offices is a 10-storey building with a total of 18 blocks (180 units) with built up area from 16,149 sq ft to 37,285 sq ft. The structural work of the development is completed with 100% take up rate.
Lifestyle Shop-Offices also features sky bar concept on the rooftop of the building. Boasting a magnificent view of the city, the sky bars will be an immediate attraction to the locals and tourists alike. The built up area of the sky bars are 9,386sq ft and 5,549sq ft, indicatively priced at RM12.8 million and RM7.3 million, respectively.
The other commercial component of Sutera Avenue is a 2-storey Festive Avenue Retail. It is a first-of- its-kind street mall retail concept with a 50-ft wide pedestrian boulevard on the ground floor coupled with wide frontage units served by escalator access to each floor.
The built up area of the 2-storey retail starts from 2,616 sq ft with price starting from RM3.68 million. The retail development is suitable for boutique shops, gourmet restaurants or relaxing retail experience.
Strategically situated along the prime Coastal Highway, the development is designed to be the new vibrant hotspot of Kota Kinabalu which will capture visitations of tourists and local community.
The proposed overhead pedestrian link bridge is still in the planning stage and shall commence work once approval is granted from the authorities. It shall be constructed independently across the Coastal Highway from Sutera Avenue site to the completed Riverson development to further enhance the connectivity of the development.
Commercial businesses and retails will be able to benefit from a ready catchment of The Residences, serviced residential component that sits atop Festive Avenue Retail Shops as well as surrounding neighbourhoods.
Sutera Avenue – A convenient residential feature
The residential component of Sutera Avenue is The Residences which consists of 3 towers offering 320 residential units. The serviced apartment sits atop a 2-storey Festive Avenue Retail which gives convenience to residents to get their daily needs, leisure and entertainment.
As Mah Sing’s first residential project in Kota Kinabalu, The Residences has a built up area of 726sq ft to 1,220sq ft with 3 types of layout. The prices of the serviced apartments starts from RM574,750. The Residences was meticulously planned to ensure the high standards of quality and customer satisfaction are met. It features multi-tiered security with 24- hour surveillance, access cards to car park, closed circuit television (CCTV) at the lift lobby and access cards to lifts and secured reception lobby.
The facilities such as infinity pool, sky garden, playground and gymnasium situated at the rooftop gives a new experience of relaxation and convenience to the residents as all amenities are complimented with breathtaking views of the city’s skyline.