Palm Condominium ideal choice for investment
Published on: Wednesday, August 19, 2020
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The Palm Condominium offers panoramic view of the South China Sea and idyllic islands.
Kota Kinabalu: Renowned property developer Datuk Susan Wong Siew Guen encourages home ownership among the younger generation and real estate investment for those in better financial position to earn a favourable return. 

Susan, who is the managing director of WSG Group, said The Palm Condominium Kinarut would be an ideal choice for both investment and home ownership due to its proximity to the State Capital with its breathtaking view of the South China Sea, mesmerising scenery of the Mt Kinabalu, extensive road network, tranquil living environment and comprehensive facilities. 

Susan envisioned building contemporary residential properties in the century-old Kinarut township years ago and in 2007, she shifted her focus from Kota Kinabalu to Kinarut where the company developed Taman Sungai Wang and Rose Garden that were sold out shortly after its launching.

“The Palm Condominium Kinarut is only 15km away from the State Capital and close to many seaside resorts, including the mega KK Resort City, Kota Kinabalu International Airport (KKIA), Lok Kawi Wildlife Park, Putatan township and schools. 

“It spans over 13 acres and comprises five residential towers which houses 656 units in total. Tower C, D and A have been completed while Tower B was soft launched before Chinese New Year this year,” she said.

Susan said this at the official launching of The Palm Condominium Tower B, adding that the company embarked on The Palm Condominium project in 2012.

She said Tower B has 17 floors and 136 units, with a built-up area of 1,180 sq ft. Each has three bedrooms and two bathrooms. Tower B is priced from RM368,000 onwards. 

In order to maximise lighting and ventilation, Susan said she had decided on semi-detached style for The Palm Condominium in which every bedroom and bathroom has its own window. 

She said the condominium also boasts 10 feet high ceilings to make the living area more spacious, whereas the eight-foot-tall entrance allows large furniture to be moved into the unit with ease. 

Facilities at the condominium development include a multipurpose hall, badminton court, swimming pool, children playground, gymnasium, outdoor park and soon-to-be-completed basketball court.

“I love the environment here. Feels like coming home every time I step into the Palm Condominium.”

She said the Movement Control Order (MCO) implemented to curb the spread of Covid-19 made people realise the value of owning a home where they could work and live comfortably. 

As the government eases restrictions on more and more economic sectors, she said the company experienced a spike in bookings for Tower B, including existing tenants living at The Palm Condominium. 

“I encourage the younger generation to own a home, not only as a living space, but as an investment to earn favourable returns.”

Susan added that 40 per cent of the units at Tower B have been sold. The company is also offering buyers 10 per cent discount. 

Those who are interested can visit The Palm Condominium showroom in Kinarut from Monday to Sunday, including public holidays, from 9am to 5pm. 


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