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ITCC expected to be completed by end of year
Published on: Sunday, February 14, 2016

Penampang: The under-construction International Technology and Commercial Centre (ITCC) is expected to be completed by the end of this year."We understand that although the past year has been a bit of a challenge to the Malaysian economy, we are very excited this new year and expect the investor trend to improve," said its developer Sabanilam Enterprise Sdn Bhd Group General Manager Ceasar Mandela Malakun.

He said although they are a local-based Bumiputera company, he believed they will be able to provide world-class facilities, living and amenities to the market in Sabah.

"What we want to provide our customers is an international standard of SoVo right here in Sabah," he said.

"The construction for the ITCC Shopping Mall is now 95 per cent complete. Of course, the air-conditioners are not installed yet but, hopefully, in three to four months' time, we'll get the shopping mall to run," he said, adding that the Manhattan Suites is now 30 per cent complete.

Malakun said this during the ITCC Chinese New Year open house and the launching of the Manhattan Suites in ITCC Penampang, here, Saturday.

Upon completion, the RM500 million development will consist of a 330-room premier hotel, 295 units of ITCC suites, 16-storey office tower, a modern four-storey shopping mall, a multi-purpose commercial centre, including a 170-table banquet hall and a modern convention centre.

According to him, the Manhattan Suites consist of two types of SoVo (Small Office Versatile Office) units for sale at a special price for this festive season.

"The two types are Type A at 771 square feet and Type B at 510 square feet. The price ranges from RM600 per square feet," he said, adding that the suites also offer 24-hour security and state-of-the art closed-circuit television monitoring for the safety of owners and residents.

Owners of Manhattan Suites, he said, will also be given a free one-year exclusive membership to Club M which shall give them access to the hotel facilities like the swimming pool, spa and fitness centre.

"And, of course, each unit is furnished with its own allocated on-site parking spot," he said.

According to him, ITCC Penampang has currently provided job opportunities to about 500 staff.

"But throughout the construction, we have offered job opportunities to more than 3,000 people and upon completion, we aim to offer more than 10,000 jobs to the people here."

"We have 170-table banquet hall and imagine once it operates, there'll be more than 500 staff operating at the same time," said Malakun.

In terms of flood mitigation, he said they have already implemented flood mitigation steps during the foundation level.

He said ITCC was not affected in the last flood incident as the building sits on a high ground with the basement sharing a similar height with the main highway, besides being part of the Pan Borneo Highway.

Meanwhile, property analyst Ronald Pua explained the State Government's role in promoting Sabah to attract foreign investors.

"I believe everyone has heard that Malaysian property, especially in Kuala Lumpur, has not been doing very well with rumours saying there is oversupply in certain areas and local buyers can no longer afford to purchase Malaysian property," he explained.

However, Pua said, foreign investors from Hong Kong, China, Taiwan and Singapore are still very keen and interested to come over to invest in Malaysia, especially in iconic places such as Kuala Lumpur, Malacca, Iskandar Johor and Sabah.

He explained this is because Malaysia, especially Sabah, is rich in its natural resources and well known tourist destinations.

"That is why we need the Government to work hand in hand with developers or else it will be difficult for any development to occur," he said, adding that most investors do not understand the local culture here.



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