Casablanca Residence

KUALA LUMPUR (Nov 27): Casablanca Residence @ Off Jalan Kelombong in Kota Kinabalu, the latest residential development project by Sabah-based developer Kinsabina Sdn Bhd, has achieved a 70% take-up rate since its launch last Saturday.

The RM92 million project comprises 57 units of 2-storey terraced houses, 35 units of 3-storey terraced houses, and two units of semi-detached townhouses.

Datuk Francis Goh “Casablanca Residence is the first gated residential development with two and 3-storey terraced houses with clubhouse facilities in Sabah,” Kinsabina group CEO Datuk Francis Goh (pictured, right) tells The Edge Property.

Prices start at RM788,800 for the 2-storey terraced houses, and go up to RM1.5 million for the semi-detached townhouses. According to Goh, the project had received bookings for 50% of its units prior to the launch last weekend.

“The response was good purely due to the reasonable pricing as well as the clubhouse facilities provided,” he says.

An intermediate 2-storey terraced house comes with a floor area of 2,237 sq ft and 3+1 bedrooms, while an intermediate unit of the 3-storey terraced house has 4+1 bedrooms and a floor area of 2,765 sq ft; the corner unit has a floor area of 2,804 sq ft. The 3-storey semi-detached townhouse has 4+1 bedrooms and a floor area of 3,974 sq ft.

Facilities at the development include basketball and badminton courts, swimming pool and children’s pool, playground, clubhouse, a drop-off area, an open lobby, multi-purpose hall, shop and café, sauna, pool and yoga decks, gazebo, library and gym.

There will be a service fee of RM250 and sinking fund of RM50 per month for each unit. Construction will start in January next year and is scheduled to be completed in 30 months.

The development is situated in the residential hub of Kelombong, about 8km from Kota Kinabalu city centre. It is 2km to Bukit Padang, more widely known as the popular Tun Fuad Stephens Park, and five minutes’ drive to Inanam.

Goh says a new bridge will be constructed to connect the Casablanca Residence to Taman BDC, creating an alternative access road to the development and also Bukit Padang. The development is near a light industrial area. Surrounding amenities include a Chinese school, shops, and a Giant hypermarket.

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This story first appeared in The Edge Property pullout on Nov 27, 2015, which comes with The Edge Financial Daily every Friday. Download The Edge Property here for free.

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