Homebuyers respond positively to The Logg’s Parkhill condominium project in Sabah

July 13, 2022  |  
News Strait Times
Homebuyers respond positively to The Logg's Parkhill condominium project in Sabah

K.T.I Sdn Bhd, a Sabah-based property developer, have received positive feedback for The Logg’s Parkhill condominium project.

The Logg is a mixed-use development that includes three residential towers, a hotel, and a shopping mall.

It is a collaboration between K.T.I and the Sabah Housing and Urban Development Board (LPPB). It is scheduled to be finished in 2025.

The Logg is K.T.I’s first premium and prestigious mixed development project, located on one of the last pieces of prime land in the heart of Luyang, Sabah, totaling 2.02-hectare.

The project consists of two 28-story towers named Shorea and Astonia that rise above Level 12 of the podium and contain 438 executive suites ranging in size from 1,180 to 1,313 square feet.

Parkhill is the third residential tower, with 250 units of 1- and 3-bedroom condominiums ranging in size from 620 to 850 square feet and priced from RM330,000.

According to Wilson Loke, project director at K.T.I, the units were fully booked between January and June of this year.

He said in a statement that 130 homebuyers have made their purchase official by signing the sales and purchase agreement.

The company has assured buyers of the project’s structural integrity by solidly constructing the foundation walls and slab using a fully contiguous bored pile and designing the building to withstand earthquakes, he said.

“We took the extra initiative of applying this measure to ensure the longevity of The Logg by preventing soil erosion. Our buyers are assured of their decision and feel safe when in their new homes,” Loke said.

According to the statement, 40 per cent of The Logg’s condominium units have been sold.

With the expansion of the K.T.I property ownership programme for Shorea and Astoria, the developer anticipates an increase in interest.

K.T.I is the first property developer in Sabah to offer alternative financing solutions to make house-buying an accessible and hassle-free process, through the property ownership programme.

Stella Loke, the company’s sales and marketing director said that the financing solutions provided have enabled 70 local applicants to own their luxurious dream home at The Logg’s Parkhill with no down payment and 100 per cent financing.

“Our mission is to help people to realise their aspiration of owning their dream home. We are pleased that with Parkhill’s favourable progress, we have made that dream a reality for local house buyers. We will continue to strive and extend the benefits of our property ownership programme to Shorea and Astoria towers,” she said.

The Logg is funded by Sabah Development Bank and represents the state’s confidence in K.T.I’s goal of transforming Luyang into an upscale residential, commercial, and lifestyle hub.

According to reports, the project will transform an area that has long been an eyesore of abandoned houses into one of the most affluent and dynamic neighbourhoods in the city’s suburbs.

On the hotel front, K.T.I is said to have partnered with Minor Hotel Group International to operate Avani Luyang, a purpose-built 400-room, 4-star hotel that will set a new standard for the Luyang hospitality industry.

Minor Hotel is a global hotel owner, operator, and investor with over 535 properties in 55 countries across the Asia Pacific, the Middle East, Africa, the Indian Ocean, Europe, and South America.

It operates properties under the Anantara, Avani, Elewana, Four Seasons, Marriott, Oaks, St Regis, and Tivoli brands.