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40 Top Chinese Agencies See Huge Potential in KK

Jesselton Waterfront Holdings conducted an exclusive tour and sharing session to China's SERES Group and China Centaline Property Agency today (18 November) at the Jesselton Residences site.


With the recent property market sharing session at SHAREDA's office, over 40 top general managers from over 30 agency branches from over 10 Chinese cities were present this morning to view, what is currently the tallest building in Kota Kinabalu. It has been noted that these agents come from most of the direct/connecting flight destinations between Kota Kinabalu and China, namely, Shenzhen, Shanghai, Guangzhou, Changsha, Wuhan, Chengdu, to name a few.

These top agencies are in the RMB10 billion Club. It has been reported that each of the team's annual sale is more than RMB 10billion. They would have to ensure that their annual deals are no less than RMB10 billion in order to stay in the billion-dollar club.

Jesselton Group's General Manager Mr Kevin Thong introduced their maiden project in Kota Kinabalu and at the same time, shared about their next project; Jesselton Twin Tower, dubbed as the iconic twin towers of Borneo.

Sabah will reap great benefits from China's One Belt One Road initiative. Malaysia is gaining in economic growth, employment opportunities, opportunities to upgrade and transform its industries.

At present, SERES Group is focused on Malaysian developments, namely properties in Sabah and Kuala Lumpur. The group of 40 odd agents are pleased with the environment here in Kota Kinabalu in terms of weather, spectacular view of the South China Sea, vast array of food, availability of cashless payment methods, transportations, close proximity to China, high standard in health care, abundance of business opportunities and higher education avenues. It is reported that there are currently 600-700 mainland Chinese students studying in Kota Kinabalu.

Chinese corporations are here to create win-win collaborations for both countries. There is no issue of taking away the "rice bowls” of locals. In fact, every Chinese project brings employment opportunities and economic growth to the State of Sabah.

The Chinese are looking to broaden their horizons and are currently on the lookout investing into premium, high-end properties in Kota Kinabalu.




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