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KINARUT: This once sleepy town in the south of the State Capital, Kota Kinabalu has now transformed into a vibrant residential neighbourhood after the WSG Group acquired over 100 acres for development.

Its Managing Director, Datuk Susan Wong Siew Guen said over the past 12 years, more than 1,000 units of residential housing and commercial shoplots has been built, thus transforming Kinarut into a suburban.

The latest project is the Palm Condominium Tower B launched last August and expected to be completed by December this year, said Wong when launching the showroom of Tower B, Saturday.

Tower B is 18-storey high with 140 units and has a built-up area of 1,180 sq ft and comes with three bedrooms, two bathrooms, balcony, dry and wet kitchen and overlooking the South China Sea.

The selling price is between RM330,000 and RM490,000. So far 50 per cent have been sold. End financing is available at Maybank, Bank Islam, Bank Rakyat, Public Bank, CIMB Bank and Bank Muamalat. Wong also disclosed the company is planning to develop shopping mall, hypermarket, drive-thru fast-food restaurant and commercial properties in the vicinity.

Next project is two blocks of 19-storey Rose Avenue Apartment set for launching in December this year. The selling price is between RM290,000 and RM390,000 to encourage homeownership, she said.

Kinarut also has it own tourism attractions with historical values such as the century-old wooden shophouses, SJK(C) Kin Kiau and Tien Nam Shi Temple, she said. It is also nearby to the Lok Kawi Wildlife Park and home to several beachfront resorts.

Kinarut has great potential for development as it is strategically located along the Pan Borneo Highway connecting Papar, Beaufort, Sipitang, Brunei and Sarawak as well as 10 minutes from the Kota Kinabalu International Airport.