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Launched in January 2019, the Jesselton Twin Towers development by Kota Kinabalu-based real estate developer Jesselton Waterfront Holdings Sdn Bhd is currently 55% taken up. According to executive chairman Tan Sri David Chu, around 20% of the buyers are foreigners, mainly from China, Hong Kong, South Korea, Brunei and other neighbouring countries. “A couple of them are from the US and the rest are local Sabahan, with a few from Sarawak and Kuala Lumpur,” he says via an email interview. Chu says foreign buyers, in particular, look for iconic buildings with sea and sunset views as well as those in a safe or gated-and-guarded environment when investing overseas. “Jesselton Twin Towers meets all these criteria. With the Consulate General of the Republic of China’s Kota Kinabalu office located across the road from the development and with China State Construction Engineering Corp Ltd as [the main contractor], Jesselton Twin Towers has attracted many foreign buyers, especially th

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