>

>

GSH sells all 100 released units in Coral Bay, Sabah

By Charlene Chin

/ EdgeProp |

June 6, 2018 9:43 PM SGT

Join our Telegram channel and follow our Facebook for the latest update.

Singapore-listed property developer GSH Corporation has sold off all the 100 units released at Coral Bay@Sutera, an ocean-fronting luxury condominium in Kota Kinabalu, Sabah. This comes less than a month after the units were released at its May 12 launch.

The 460-unit Coral Bay sits on 528,000 sq ft of land, and is located within the gated community of Sutera Harbour Resort, in the east Malaysian state. The 99-year leasehold development comprises eight 12-storey residential towers, featuring two- to four-bedroom units from 1,500 to 3,500 sq ft; dual-key units from 2,000 to 5,000 sq ft; and penthouses from 3,500 to 9,000 sq ft. Prices start from S$770,768 (RM2.3 million).

Of the 100 units purchased, 30% were by foreigners - 20% by buyers from Hong Kong and mainland China, 5% by buyers from Singapore, and 5% by those from Korea, Taiwan and Australia. The remaining 70% of units were bought by Malaysians.

GSH’s CEO, Gilbert Ee, believes that the strong take-up for Coral Bay stems from demand fuelled by a shortage of luxury properties in Kota Kinabalu in recent years.

Coral Bay - GSH’s second residential project in Malaysia - is located close to Kota Kinabalu’s city centre. The development, designed by Singapore-based Swan & MacClaren, overlooks the South China Sea and the five Marine Park islands.

GSH is working on Coral Bay’s next phase of sales, and is gearing up for launches in Singapore, Malaysia, Korea and China.

Tags:

Follow Us

Follow our channels to receive property news updates 24/7 round the clock.

Subscribe to our newsletter

Top Articles

1

Sapphire Windows’ Liews: Beyond providing a room with a view

2

Keeping cool in an east-west-facing house with modern glass windows

3

Far East Shopping Centre’s $908 mil en bloc deal aborted

4

World’s largest Mercure Hotel opens on Club Street

5

Luxury living in the new heart of Bukit Timah

Our Site

Follow Us

Property Research

Condos

HDBs

Landed

Commercial

Industrial

Properties For Sale

Properties For Rent

Edgeprop.sg (previously known as The Edge Property Singapore) is the best property portal for real estate agents, investors, home-seekers and sellers alike in Singapore. On EdgeProp, you will be able to find the latest and hottest property news, property listings, and access tools for your research and analysis.

Whether you are looking to buy, sell or rent apartments, condominiums, executive condos, HDBs, landed houses, commercial properties or industrial properties, we bring you Singapore’s most comprehensive and up-to-date property news and thousands of listings to facilitate your property decisions. Click into any listing to check out the new AI Redesign tool to envision your property based on your preferred style, be it Scandinavian, Minimalist or many others.

Make data-driven property decisions with our easy-to-use free and paid tools. The Edge Fair Value tool lets users calculate the fair value of a property, while the En Bloc Calculator helps to determine the probability of a Singapore project being put up for collective sale. Our whole new Research tool provides you data on past transactions, price trends, and more for condos, HDBs, landed houses, commercial properties and industrial properties.

Aside from that, EdgeProp also offers a market trends tracker that lets you access historical property data, sales volume and compare how similar properties are selling, a heatmap that shows you where Singapore’s most popular property sales locations are, a HDB lease tool to calculate your HDB tenure, an affordability calculator, and property alerts to track your preferred Singapore property by project or location, as well as information on new launches.

On the lookout for undervalued property or looking to rent? EdgeProp’s powerful search filters will let you personalise your property-seeking experience – whether you are looking for a property near MRT stations, amenities like schools, or within a HDB Estate or District – so that you find exactly what you are looking for.

View More

Close Ad

00:00