Kota Kinabalu: FBO Land (Setapak) Sdn Bhd, a wholly-owned subsidiary of Meta Bright Group Berhad, officially signed the Main Contract for the construction of Damai Suites with China State Construction Engineering (M) Sdn Bhd, wholly owned by China State Construction Engineering Corporation here on Saturday.
The signing ceremony was held at the Damai Suites sales gallery, marking a new milestone for this development project.
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The construction contract is valued at approximately RM61million.
The construction of Damai Suites project will officially start in October 2024, with a construction period of 22 months and is scheduled to be completed in the third quarter of 2026.
Meta Bright Group Berhad, MD Ck Lee and China State Construction Engineering, GM Bruce Li
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The construction of Damai Suites will add a 16-storey commercial building to the Damai area of Kota Kinabalu, providing 254 commercial suites and 14 shoplots.
The building,engineered to be seismic-resistant, will also feature a five-storey automated car park, offering additional parking solutions for the Damai. This development will elevate the appeal of the area.
The signing ceremony was officiated by Meta Bright Group Berhad Managing Director Mr. Lee Chee Kiang and China State Construction Engineering (M) Sdn Bhd General Manager Mr. Li Hai Chen.
Ranked 14th on the 2024 Fortune Global 500, China State Construction Engineering Corporation showcases its remarkable prowess and leadership in the global construction industry, bringing world-class expertise and innovation that can significantly elevate the quality, efficiency, and success of the project.
The design of the building incorporates a variety of components, including shoplots from the ground floor to the 1st floor, automated car parks from the 2nd to the 6th floors, commercial units on the 7th floor and commercial suites from the 8th to the 15th floors.
With its prime location and thoughtfully designed multifunctional spaces, this project offers an exceptional opportunity for both savvy investors and those seeking an elevated lifestyle.
Damai Suites offers investors both flexible investment options and significant potential for future rental income or self-occupancy.
Situated in the heart of Damai, Kota Kinabalu, the project enjoys exceptional connectivity and is set to become a thriving center for both commercial and residential activities in the city.
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