KKC Waterfront

Kota Kinabalu City Waterfront is an integrated waterfront revitalization master plan that is an important element of the Sabah Development Corridor’s (SDC) blueprint to transform Kota Kinabalu (KK) City into a premium tourist gateway and a premier second home destination for the affluent. Much like other world-renowned waterfronts, KKCW is designed to offer luxurious shopping amenities and opulent lifestyle events amidst a resort-like living experience. Comprising an up-market lifestyle Waterfront Mall, a 365-room super luxurious Waterfront Hotel and 111 units of designer suites, KKCW will be significant in forming a golden tourism belt along the city’s waterfront. The entire development will be linked by a 2.1km Waterfront Boardwalk, one of the longest of its kind in Asia, to convert the KK seascape into a symbol of a new international lifestyle. Along with other SDC mega-projects, including the proposed Kinabalu International Convention Centre (KICC) located near Jesselton Point, KKCW will boost the Waterfront Boardwalk activity, providing vital economic integration for downtown businesses. The Kota Kinabalu City Waterfont epitomizes the hopes and dreams of all Sabahans – and in particular the residents of KK – who yearn for the elevation of their capital city into a revitalized urban neighbourhood with resort-lifestyle living. Simply put, KKCW represents tomorrow’s opportunities for visionaries looking to invest in a promising future.

WATERFRONT BOARDWALK

A SEAFRONT BOARDWALK & LIFESTYLE CENTRE The KKCW Boardwalk is slated as a world class development on par with the best boardwalks and lifestyle centers. It is envisioned to offer a new and vibrant urban street-space atmosphere in the heart of Kota Kinabalu. The Kota Kinabalu City Waterfront is a shopping center and commercial development that combines the traditional retail functions of a shopping mall with leisure amenities catered towards upscale consumers and tourists. It is designed to be a ‘unique urban village’ – a vibrant place where community takes shape and public life happens. The purpose-built 2.1km Boardwalk, stretching from Anjung Senja at one end to the Hyatt Regency at the other, completes this star attraction Relentless effort and resources have been channeled into the design and management of the Boardwalk to maximize crowd retention and sustain this new lifestyle-retail DNA. THE BEST PLACE TO VIEW THE SUNSET IN KOTA KINABALU Imagine, watching a jazz singer drawing an audience, serenading to passing onlookers amidst a fresh breeze overlooking a spectacular sunset. The entire boardwalk will feature an urban maze with arches that decorate the marketplace with restaurants and stores lining an outdoor pedestrian street that opens up onto a series of little plazas. The type of place one would delight the palate with a cappuccino.

ABOUT SABAH SABAH OVERVIEW

THE LAND BENEATH THE WIND Located at the northeast corner of Borneo, Sabah is known as the Land Beneath the Wind because of its location below the typhoon belt. Sabah is well known for its cultural richness, history, racial harmony, and warm hospitality. The state is home to iconic attractions, such as UNESCO World Heritage Site, South East Asia’s highest peak – the majestic Mount Kinabalu, and the pristine Sipadan Island. World conservation experts and wildlife enthusiasts throng to Sabah to gain knowledge and first hand experience from the Danum Valley rainforest, the Kinabatangan Corridor of Life and the state`s marine parks. THE PEARL OF SABAH Formerly known as Jesseltown, Kota Kinabalu is the state capital of Sabah. This vibrant city is the largest urban center in Sabah. The tallest peak in Malaysia, Mount Kinabalu, overlooks this fast-growing city. Kota Kinabalu is not just a major economic hub in Sabah, it is also a vibrant cultural center with its melting pot of many cultures and races. Tourists and locals alike enjoy modern amenities and top-notch medical facilities. Many of Sabah’s most popular tourist attractions can be easily reached from Kota Kinabalu. Climate The climate is generally hot and sunny all year round with scattered and unpredictable rainfalls. The average temperature in Kota Kinabalu is 32ºC but in the highlands, the average temperature can be as low as 21ºC. Currency The local currency is Malaysian Ringgit (RM). Tourists can change travelers’ cheque and foreign currencies at banks and hotels. Money changer kiosks are also found in major shopping complexes and the airport. Major Credit and Charge Cards Major credit and charge cards such as VISA, MasterCard, American Express, and Diners Club are accepted in almost all departmental stores, supermarkets, petrol stations and restaurants. Local Time Standard Malaysian Time is 8 hours ahead of GMT (GMT+8) Banking Hours Monday through Friday from 9.30am to 4.30pm Usual Office Hours Monday to Friday from 8am – 1pm and 2pm – 5pm; Saturday from 8am – 1pm Shopping Shopping centers, supermarkets, restaurants and mini markets are generally open daily from 10am to 10pm Electricity & Water Facilities Electricity is on the 240 Volts AC/ 50-Cycle system; treated pipe water is available in most urban and sub-urban areas. Languages Bahasa Malaysia, Malaysia’s national language, and English are widely spoken; other languages spoken include Chinese, Indian, and indigenous dialects. Communications Mobile telecommunications cover many parts of Sabah with the exception of some remote areas. Public phones are available in most places. Recent government initiatives had introduced broadband Web services in major cities such as Kota Kinabalu. Medical Facilities Government hospitals, clinics, and medical dispensaries are available in all towns. Private hospitals and clinics are also available. Want to learn more about Sabah? We invite you to visit the Sabah Tourism Official Website If you are looking for information on investment opportunities in Sabah, please visit our Investors’ Corner.

DISCOVER PARADISE DEVELOPMENT OVERVIEW

PARADISE IN SABAH Imagine living in a world-class home with your loved ones, surrounded by comfort and luxury, in a tropical paradise that combines the verdant beauty of nature and sophisticated living amenities. Imagine a waterfront haven where you can live in harmony, away from the stressful bustle of the modern city, and find comfort in the safety and security afforded by the haven to you and your loved ones. Imagine no more, because that vision is now a reality. Kota Kinabalu City Waterfront (KKCW) is that reality. As the developer of KKCW in partnership with DBKK Holdings Sdn Bhd, we in Sunsea Development Sdn Bhd look forward to welcoming you as part of the community of this unique urban village. To know more about KKCW, we cordially invite you to surf beyond this point and start planning your deserved new lifestyles with your loved ones, friends,mates and even acquaintances. SURROUNDED BY LUXURY AND SOPHISTICATION Nestled in the city of Kota Kinabalu in the Malaysian state of Sabah, the Land Beneath the Wind, KKCW offers an integrated waterfront lifestyle comparable to world class waterfront destinations such as Darling Harbour in Australia and the Cape Town Waterfront in South Africa. This elite waterfront haven is designed for sophisticated cosmopolites seeking a life of utmost comfort and luxury in a tropical paradise combining sleek and world class modern amenities with the verdant beauty of nature.

• Pelagos Designer Suites offer luxurious living in class and elegance, outfitted with complete essential as well as recreational amenities to make one live like a superstar.
• The Waterfront Mall houses a wide selection of mid- to high-end retailers to enhance the quality and comfort of residents as well as tourists.
• The Luxury Hotel, Hotel & Residences provides five-star accommodations with exquisite hospitality to people drawn to this magnificent waterfront haven for both business and pleasure.
• A two-leveled car park with 650 bays.
• A magnificent boardwalk spanning 2 km allows locals and visitors to enjoy the view as well as the various exciting events that will be held in that location. We welcome you to our website and we invite you to explore this website to discover the splendour of KKCW.

MALAYSIA MY SECOND HOME

The Malaysia My Second Home program grants visa holders a renewable, ten year, multiple entry social visa pass. The following sets out the terms and conditions and other benefits for visa holders. TERMS AND CONDITIONS Eligibility The MM2H program is open to all foreign citizens of countries recognised by Malaysia. Foreigners married to Malaysians are not eligible and are required to obtain a spouse permit. All applicants are required to use the services of an approved government agent. Approved agents have the initials “MM2H” in the company name. The initial application can be made without even coming to Malaysia. Once the government issues its letter of “conditional approval” then the applicant will have to come to Malaysia to complete the remaining conditions. Finance / Income The government wants to see that applicants have a reasonable financial standing so they can fully support themselves in Malaysia. All applicants have to show they have the equivalent of RM10,000 a month income and sufficient assets that they can live comfortably in Malaysia. The application should be accompanied by documentary proof of the applicant’s assets. All applicants except those over 50 who receive a government pension over RM10,000 equivalent are required to place Fixed Deposit in Malaysia. The amount depends on the applicant’s age. If a married couple apply the oldest person’s age decides the appropriate criteria. Applicants aged below 50 years old: Must open a fixed deposit account of RM300,000 Can withdraw up to RM240,000 for the purchase of house, medical insurance or children’s education expenses after the deposit has been placed for one year. Must maintain a minimum balance of RM60,000 from second year onwards and throughout stay in Malaysia under this program. Applicants aged 50 years and above: Have to place a fixed deposit account of RM150,000. (If they receive a government pension in excess of the equivalent of RM10,000 the requirement may be waived) Can withdraw up to RM90,000 of the fixed deposit after one year to purchase of house, medical insurance or children’s education expenses. Must maintain a minimum balance of RM60,000 throughout their stay in Malaysia under this program. It should be noted that the fixed deposit does not have to be placed until after the applicants has received a letter of “conditional approval”. This letter sets out the steps that have to be completed before the visa is issued. This is usually placing the fixed deposit, having a medical examination in Malaysia and obtaining medical insurance if the applicant does not have valid medical coverage in Malaysia. Once these steps are completed the immigration department will stamp the visa in the passport. Sponsor/Assistance All applicants require a sponsor and the MM2H agent is required to do this. There is no need for any additional payment for this service. Insurance Coverage / Medical Report Applicants must possess a medical insurance coverage from any insurance company that is valid in Malaysia. This may be waived for older applicants who are denied coverage because of their age. All applicants are required to have a medical examination in Malaysia. Both these conditions are met after the letter of “conditional approval” is issued. Education Applicants are allowed to bring along their dependants (children) either not schooling or are schooling in primary, secondary or in any Institution of higher Learning. Dependants who are schooling are also required to apply for a Student Pass to continue their education in schools or Institutions of Higher Learning recognised by the government. Children have to be aged under 18 to be included under the MM2H visa program. Taxes Successful applicants are bound by the policies, systems and regulations of taxes of this country however their overseas income will not be taxed in Malaysia. Security Vetting Approvals are given subject to security vetting clearance conducted by the Royal Malaysian Police. Restrictions Successful applicants are STRICTLY forbidden from the following: Being employed anywhere in Malaysia unless approved by the government. Participating in activities that can be considered as sensitive to the local people like political or missionary activities. BENEFITS FOR MM2H VISA HOLDERS Ten Year Visa Successful applicants will receive a ten year visa which allows them multiple entry and exit from the country. This visa will be renewed at the end of its validity. House Purchase Foreigners are allowed to purchase any number of residential houses valued at more than RM250,000.00 each. For this purpose, participants can apply for a bank loan in Malaysia. It should be noted that local banks will require evidence of ability to repay the loan and usually require repayment by the time the borrower reaches 60 or 65. It is possible for foreigners to buy freehold land in Malaysia. All property purchasers have to receive State approval, which can take up to six months to secure. Car Purchase A participant can choose to either import one car, which already belongs to him, from his country of residence subject to approved permit (AP), which is exempted from payment of import duty, excise duty and sales tax OR purchase one locally made car in Malaysia free of any taxes. It should be noted that if you import a car it must have been owned by the applicant before the MM2H visa was approved as this is a privilege which allows people to bring in a car they already own. Domestic Helper Each participant is allowed to bring in one domestic helper. The maid should come from a country which has been approved by the government. This includes Philippines, Thailand or Indonesia Tax Overseas pensions and other income are not taxable in Malaysia. Interest on Fixed Deposits are free of tax providing the deposit is for a period longer than one year or less than RM100,000. Other income received in Malaysia will probably be taxable. There is no inheritance tax in Malaysia and no capital gains tax, even on property sales.