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GBG is approved for listing on the Main Board of Bursa Malaysia, in 2011.

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BackDec 28, 2018
Type Announcement
Subject OTHERS
Description

APPOINTMENT OF TERA REALTY AS AN EXCLUSIVE INTERNATIONAL MARKETING AGENT FOR ONE JESSELTON WATERFRONT CONDOMINIUM AND SERVICE RESIDENCE

The Board of Directors of GBGAQRS wishes to update that Tera Realty has been officially appointed as an exclusive international marketing agent for One Jesselton Waterfront Condominium and Service Residence for a period of three (3) months effective 1 March 2019 with option to extend for three (3) months. The exclusivity will be for China. Tera Realty owns Tera Sotheby’s International Realty, which owns the Sotheby’s International Realty brokerage franchise for Greater Shanghai.

 

The Sotheby’s International Realty network currently has more than 22,000 affiliated independent sales associates located in over 970 offices in 72 countries and territories worldwide. In 2017, the brand achieved a record global sales volume of US$108 billion. In addition to the referral opportunities and widened exposure generated from this source, Tera Sotheby’s International Realty brokers and clients will benefit from worldwide Sotheby’s International Realty marketing programs. Each Sotheby’s International Realty office is independently owned and operated.

 

GBGAQRS and Tera Realty have been working closely on the design of the luxury condominium and service residence over the past 6 months and have finalized both the products. The Development Plan has been submitted to Dewan Bandaraya Kota Kinabalu (DBKK) for approval on 14 December 2018 and GBGAQRS and Tera Realty are now working on marketing collaterals of both the products.   

 

Luxury Condominium

One Jesselton Waterfront condominium consists of 316 waterfront units with 4 design types, which are 190 units of Type A (1,050 square feet), 99 units of Type B1 (1,450 square feet), 14 units of Type B2 (1,550 square feet) and 13 corner units of Type C (2,000 square feet). Type A is the smallest unit type with 2 ensuite bedrooms, Type B1 and B2 have 3 bedrooms and 2 bathrooms whereas corner units Type C are designed with 3 ensuite bedrooms and a maid’s room. There are 4 exclusive Penthouses on the top floors with sky terraces. These penthouses are one-of-a-kind exclusive waterfront units that provide customization in design to the buyers. The built-up for Penthouses ranges from 3,500 square feet to 8,000 square feet with panoramic living dining opening to large sky terraces. The commercial title status condominium units are partly furnished with total GDV of RM530 million.

 

Service Residence

One Jesselton Service Residence units are fully-furnished, offering 325 residences with 24-hour full concierge service which sizes ranges from 500 square feet Type A (100 units), 625 square feet Type B (125 units), 810 square feet Type C (50 units) and 1,115 square feet Type D (50 units). Both Type A and B come with living/dining and 1 ensuite bedroom whereas Type C and D are designed with 2 ensuite bedrooms. The commercial-status Service Residence has total GDV of RM390 million and provides a 24-hour full concierge service. All units are fully-furnished and are packaged with 6% guarantee rental return over 3 years.

 

Next Level in Luxury Seafront Living : Front Row Center      

One Jesselton Waterfront offers a spectacular waterfront lifestyle with a vibrant retail experience below with a 390,000 square feet waterfront Premier Lifestyle Mall which is connected to the 30-meter longest waterfront boardwalk in Kota Kinabalu.

 

One Jesselton Waterfront Condominium and Service Residence are truly inspiring mix of elegant design, sophisticated finishes, vibrant community and innovative space with glass walls and balconies that leave nothing between you and a captivating oceanfront lifestyle.

 

All this, with the pictorial panoramic South China Sea view at living, dining and bedrooms, against the magnificent backdrop of one of South East Asia’s highest peaks, Mon’t Kinabalu. This is next level in luxury seafront living, for a one-of-a-kind, front row center experience of the mesmerizing, panoramic, sea-sky horizon of the South China Sea.

 

In a recent publication, Knight Frank Global 2018 Waterfront Report stated that harbor-side addresses command highest premium at 59.1%, followed by beachfront homes, riverside and lakeside homes. Waterfront properties around the world such as in London, Dubai, Berlin, Sydney and Perth always in high demand. This is similar to One Jesselton Waterfront that offers luxury seafront living with panoramic South China Sea view. 

 

GBGAQRS and Tera Realty are currently in advanced preparation of the English version brochures and shall be ready by mid-January 2019. Mandarin version brochures will be ready by mid-February 2019 together with the scale model. Tera Realty will start marketing in China cities in March 2019. GBGAQRS and Tera Realty will collaborate and start roadshow marketing in May and June 2019 in Shanghai, and will work with Sotheby’s International Realty affiliates. GBGAQRS and Tera Realty are also exploring to extend the roadshow to cities in Korea, Japan and Taiwan in 3rd quarter 2019.   

 

 

This announcement is dated 28 December 2018.





Announcement Info

Company Name GABUNGAN AQRS BERHAD
Stock Name GBGAQRS
Date Announced 28 Dec 2018
Category General Announcement for PLC
Reference Number GA1-28122018-00059