K.T.I. Group firmly on track despite pandemic

Kota Kinabalu: The current coronavirus (Covid-19) pandemic has raised a number of questions over the future of economies around the world as countries grapple to hold on to some semblance of normality in what is now referred to as the “new normal.”

Despite the widespread economic uncertainty caused by the pandemic, the property market in Malaysia is proving to be resilient to some degree with well-established companies such as K.T.I Group staying firmly on track with various on-going development projects proceeding as planned.

Wilson Loke, Director of Projects for K.T.I Group, in thanking the government for including the construction industry in the phased re-opening of various economic sectors in the country, said they are now moving ahead without further delay to ensure that all their projects continue to make progress and meet deadlines.

Puncak Gloxinia, Kinarut. Phase 1 completed with OC and Phase 2 completing soon.

“It has been a challenging time but we have taken all the necessary steps to make sure that all our projects stay on course,” said Wilson, adding their buyers can rest assured that their investments are in good hands.

This assurance is particularly crucial in the wake of K.T.I Group’s hugely successful launch of The Logg, the company’s maiden mixed development project in Luyang, which took place just a week before the country went into lockdown due to the pandemic.

The implementation of the Movement Control Order (MCO) on March 18 was a major knock from all perspectives, particularly financial, as all forms of business grounded to a halt.

Taman Seri Lemawang, Tuaran. Phase 1A and 1B sold out and completion expected next year. Ongoing progress work for Phase 1C.

But strong fundamentals in developing, constructing and delivering quality products to clients has given K.T.I Group the leverage to retain buyer confidence and trust.

Ongoing K.T.I. Group development projects include Puncak Gloxinia in Kinarut South, Taman Seri Lemawang in Tuaran and The Logg in Luyang which comprises two 28-storey towers, the luxurious Shorea & Astoria executive suites and a third residential tower, Parkhill comprising of 1- and 3-bedroom apartments with a boulevard-style shopping mall, purpose-built 4-star hotel, offices and recreational facilities. To complement this curated lifestyle experience designed for only the most discerning of clients is the impeccable landscape designed by a renowned landscape architect firm helmed by its director Sek San which undoubtedly contributed to the overwhelming response at the property’s official launch on March 11, 2020.

The Logg, Heart of Luyang.

The bespoke boulevard-styled mall at The Logg is a product of a thorough retail market research conducted by international real estate consultant Savills Malaysia, who are also the retail leasing agent engaged to secure an exciting mix of international and local brands for a memorable shopping and dining experience.

According to Enoch Khoo, Director & Group Chief Strategist of Property Hub, the agency engaged to manage residential sales and marketing of The Logg, none of the buyers who had booked prior to the implementation of the MCO has rescinded. He added that with the development veering away from the AirBnB model practised at many other properties, The Logg will remain a premier investment destined for exclusive living and lifestyle which puts it in a unique position to play a major role in redesigning how we live today.

In a bid to stimulate the property development market, banks are now offering as low as 3.15pc interest on house loans, the lowest it has ever been, which could see a rise in transactions again. Stella Loke, Director of Sales & Marketing for K.T.I Group, sees this as an opportunity for investors to take advantage of current market sentiments and to get back into the property investment market.

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For more information on K.T.I Group and its development projects, contact 088-430088 or log on to www.thelogg.com.my. For sales enquiries, contact Property Hub at 088-718719.

Balcony view, Astoria Tower, The Logg.

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