Gamuda Land to launch Dilenia Tower next month

This article first appeared in The Edge Financial Daily, on February 8, 2018.

(From left) Bukit Bantayan Residences sales executive Dayang Rasyidah, PY Konsep Perunding director James Yong, Arkitek EDP Sdn Bhd director AR Lee Khong Yaw, Cheo, Ngan, Pembinaan HKL director Yuen Pin Wai, Bukit Bantayan Residences assistant manager of project management Sacha G Joenoi and Bukit Bantayan Residences senior engineer Adrian Ongkili posing for the topping up ceremony of Ebena Tower yesterday.

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KOTA KINABALU: Gamuda Bhd’s property division, Gamuda Land, is looking to launch the third and final tower of its hillside condominium project Bukit Bantayan Residences Phase 1 next month.

The tower, Dilenia Tower, will have 320 units in a 27-storey block, offering five layouts sized from 904 to 1,100 sq ft. These units will be selling from RM493,800. 

The launch of Dilenia Tower comes after the encouraging response for the two towers the developer launched earlier — Ebena Tower in April 2016 and Cemara Tower in the first quarter of last year — which saw take-up rates of 85% and 70%, respectively. Ebena and Cemara each has 296 units in a 25-storey block. 

Speaking to the press at the topping up ceremony of Ebena Tower here yesterday, Gamuda Land chief executive officer Ngan Chee Meng said the developer plans to develop more projects in Sabah as he sees potential growth in the state, with the upcoming Pan Borneo Highway that would enhance connectivity between Sabah and Sarawak.

“We will continue to look for land here and continue our presence in Sabah,” he added. “We believe in local knowledge. So, once we have  the local knowledge, we won’t run away … we will use the local knowledge to our advantage. There is no reason for us to go elsewhere.”

He added that Ebena Tower is scheduled for completion in the third quarter of 2019.

The RM996 million Bukit Bantayan Residences is Gamuda Land’s maiden project in Sabah and spans across 18 acres (7.28ha) in Inanam. To be launched over three phases, the development is also equipped with seismic design, with structures that can withstand earthquakes of up to 7.0 magnitude on the Richter scale.

Phase 1, which has a total gross development value of about RM500 million, will have three residential blocks (Cemara, Dilenia and Ebena with a total of 912 units) and a retail component called Village Square (25 retail shoplots).

Facilities at the residential component include gymnasium, 50m infinity pool, wading pool, yoga deck, barbecue area and children’s playground. Gamuda Land will retain the retail shoplots to control the tenancy mix. It is looking to sign memoranda of understanding with several tenants in the next two months.

Bukit Bantayan Residences general manager Cheo Yuan Ping noted that most of the buyers were locals from different areas in the state, such as Kota Kinabalu, Sandakan and Tawau.

“Phase 2 and Phase 3 will be residential units, but with a different concept and offering,” he added.