Wednesday, June 22, 2016

Homelite upbeat with boom town prospects of Kimanis


Aerial view of the Kimanis Commercial Project at night. MIRI: The sales launch of the Kimanis Commercial Project yesterday drew an encouraging response from property buyers and investors here.
This is due to the fact that quiet town of Kimanis will soon experience a bustling transformation as key players of the oil and gas industry make their mark there.
Developed by New Kimanis Town Sdn Bhd, a wholly owned subsidiary of Homelite Development Sdn Bhd, the commercial project spans 30 acres of prime commercial land.
Earmarked by the Sabah state government, the Kimanis Commercial Project will ride the wave of oil and gas offshore projects on the west coast of Sabah.
These include Sabah-Sarawak Integrated Oil and Gas Project (SSIOGP), which comprises oil and gas fields offshore Sabah, the Sabah Oil and Gas Terminal (SOGT) and the Sabah-Sarawak Gas Pipeline (SSGP).
Other key downstream projects include the highly anticipated the 300MW gas-fired Kimanis Power Plant and the Lahad Datu Power Plant, as well as the Sabah Ammonia and Urea Project (SAMUR), which upon completion, will be the biggest of its kind in South-east Asia.
With the construction of SOGT and SSGP, the Sabah State Government hopes to see Kimanis becoming a new oil town in the likes of Miri, Bintulu and Kerteh.
Having 11 trillion cubic feet of gas and 1.5 billion barrels of oil in reserves in North Borneo, Sabah exported almost 14 billion ringgit of crude oil last year which formed almost 40 per cent of all of the state’s exports and also anticipated increase in oil production in the coming three decades.
Kimanis, which is located about 58 km from Kota Kinabalu, is set to be developed into a new township comprising houses, shops and commercial complexes, banks, hotels, restaurants, clinics, training schools to produce skilled engineering workers, a flying school for pilots, a deepwater port and an airport with hangars for helicopters which fly workers to oil rigs.
“I am very confident in the success of this township development as it is a joint effort of Sabah State Government and Petronas, the wealthiest private company in the nation,” said Wong Su Chung, managing director of Homelite Development Sdn Bhd.
Realising the growth potential, 90 per cent of the Phase 1 shop lots of the Kimanis Commercial Project has been snapped up by investors as of yesterday.
Expected to be completed by mid of next year, Phase 1 comprised six units of three-storey corner lots and 69 units of two-storey intermediate lots which will appeal to businessmen.
And after the success of Phase 1, buyers are to flocking to Phase 2, which will have bigger retail space with 22 four-storey corner units and 87 three-storey intermediate units to be completed by end of 2016.
Furthermore, a shopping mall is part of the grand proposal together with a proposed hotel and a service apartment that will capitalise on growing workforce nearby Sabah Oil and Gas Terminal and trainees of the Kimanis Petroleum Training Centre who converge in Kimanis for work and training.
A two-storey food court will also be one of the main features.
The roads around the new Kimanis town will too be wider, to provide easier traffic flow, easing congestion during peak hours.
Hence, developer New Kimanis Town Sdn Bhd is set to make its mark in the Sabah market and bring a creative and fervent difference to the local market.
The company is confident in its expansion in this northern Borneo state and welcomes investors to this great opportunity to be part of the new Kimanis township.
Further information can be obtained by calling 085-680555, 013-8517755 or visit the company’s office at Lot 10633, Airport Commercial Centre, located on same block as MASwings office along Airport Road Miri.

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