Inanam Capital to add shine to town

KOTA KINABALU: SCP Inanam Sdn Bhd’s industrial project, the largest of its kind launched in Inanam, aims to change the landscape of the small town located 10km from Kota Kinabalu city centre in Sabah.

Launched last weekend, Inanam Capital has a gross development value (GDV)   exceeding RM270 million and a gross floor space of 800,000 sq ft spread on an area of 16.7 acres (6.68ha). Approximately 60% of the development had already been taken up prior to the launch.

“The response has been good and goes to show that there’s a demand for quality developments in Kota Kinabalu,” said Chuah Swee Guan, director of SCP Property Services Sdn Bhd’s in a recent statement.

The development comprises eight blocks of modern-looking yet highly functional 3-storey industrial showroom shop-offices located in the centre of a bustling commercial area and close to the industrial and commercial districts in Kolombong and Lintas. There are 184 lots or 552 units spread over eight blocks. Built-up areas of each unit vary between 3,574 sq ft and 5,540 sq ft while prices range from RM1.34 million to RM2.2 million.

A scale model of the Inanam Capital industiral showroom shop-offices.
An artist's impression of Inanam Capital.

Although they are called industrial shop-offices, Inanam Capital is also suitable for a variety of businesses, from light industry to commercial and retail. The full height glass front on the first and second floor is suitable for businesses to showcase their products and services.

“Car showroom cum sales offices, car accessories shops, F&B outlets, convenience shops, boutiques, banks and lighting shops — these are only some of the businesses that can thrive at Inanam Capital,” said Chuah.

Each 3-storey lot will be sold with three strata titles so buyers can sell off any floor they want in the future, he added.

“We believe the project will add vibrancy and give new life to the area when it’s completed in 2014. Buyers can rent the units to a wide range of businesses while business operators will have a ready pool of customers from the many residential, commercial and industrial areas nearby,” Chuah said, adding that with the right “critical mass” development, Inanam Capital can be the new business centre in Inanam and the surrounding areas.

SCP Property was established in 2009. The group’s projects has a total GDV of RM7.3 billion of residential and commercial developments spread across Kuala Lumpur and Sabah that are either completed, ongoing or about to be launched.

This article appeared on the Property page, The Edge Financial Daily, March 2, 2012.

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