Titijaya Land Berhad has announced the proposed acquisition of two property assets in Kota Kinabalu for a total of RM105 million. The first proposed acquisition, for RM99 million, involves the purchase of a parcel of land with foundation works fully completed, and two blocks of 19-storey purpose-built student accommodation buildings comprising 513 apartment-style units.
Together, the apartment blocks have a total capacity to accommodate 3,078 students. Following the acquisition, Titijaya intends
to operate the completed buildings and complete the remaining project works, tapping into the existing and rising demand for student and housing accommodation in the surrounding area.
The second proposed acquisition, for RM6 million, involves a parcel of land with an existing building structure originally intended for the Bangunan Koperasi UMS project, launched in 2012. The original development plan would have seen the construction of a 14-storey apartment building with 476 apartment units, a one-storey shop lot with 38 units, and a three-storey car park podium.
However, the project has not been completed and has since been abandoned. Following the acquisition, the Group intends to resume the project to develop new residential properties.
Both parcels of land sit side-by-side and are located adjacent to Universiti Malaysia Sabah (UMS) and the upcoming Hospital UMS, which is slated to commence operations in 2026. Hospital UMS is set to serve as an important centre for medical education, research and public health services.
The strategic location of these assets—offering strong connectivity to both UMS and the future hospital—makes the area a highly desirable locality in Kota Kinabalu.
