Malaysia-China (International) Trade Centre (MCITC) was introduced to showcase the new era of China’s ‘Belt and Road’ initiative, upholding the basic concept of mutual benefits and win-win partnerships. The trade centre has opened up a new opportunity for overseas markets and the integration of resources, plus, serves as a new platform that caters to over 600 million people in Southeast Asia.
Developed by Thai Loon Trading Company, MCITC positions itself as the largest factory outlet city in Southeast Asia that promotes building materials, home and lifestyle products, agricultural, and other products. Not only that, but small commodities such as a food, beverage, and entertainment are also provided here. Located in Kuching, Sarawak, the project covers over 60 acres with a total of 532 connecting independent stores, using the 3-in-1 shophouse design concept.
As a whole, MCITC consists of 2-storey units, 1.5-storey units, 3-storey shophouses, and also 3-storey shophouses solely for industrial purposes. Not only that, MCITC also features a convention centre covering over 75,616 sft, also known as Penview Convention Centre Demak (PCC Demak). Adding on to that are various auditoriums and exhibition halls distributed across 2 floors, each measuring around 37,808 sft.
Parking is aplenty at MCITC too, with at least 1,600 carpark spaces allocated for business-owners and visitors. Affixed to MCITC is also a loading bay that can fit up to 30 containers, as well as 24-hour security systems and CCTV zones. With that being said, MCITC presents itself as a brand new, large-scale business platform that paces China, and will become an international, localized, and professional integration of the factory outlet city concept.
MCITC is located along Jalan Bako in Sejingkat, just across the road from Demak Industrial Park Phase III, and a little bit down the road from Demak Laut Industrial Park and Dusun Bayu. Although the area is a primarily industrial place, there are several residential areas within the vicinity, which MCITC can cater for, and the convention centre will definitely attract many eager entrepreneurs and the like to set up talks, conventions, and such.
No articles available for this property.
Would you like to see our Articles page instead?
CLICK HERE TO USE MAP
Did you know?
Check out the past transacted prices of this neighbourhood to make the best buying decision.
| Non-Landed | Landed | Commercial | |
|---|---|---|---|
| 0 - 500 SQ. FT | - | - | - |
| 500 - 1,000 SQ. FT | - | - | - |
| 1,000 - 1,500 SQ. FT | - | - | - |
| 1,500 - 2,500 SQ. FT | - | - | - |
| 2,500 - 4,000 SQ. FT | - | - | - |
| 4,000 SQ. FT and above | - | - | - |
Note:
| Down Payment (10%) | RM 50,000 |
| Loan Amount ( 90 %) | RM 450,000 |
| Tenure Years | 35 Years |
| Interest Rate | 4.85% |
| Others (Estimation) | RM 10,000 |
Disclaimer
The information shown is indicative and for illustration only. It does not guarantee the accuracy of the calculation and accepts no liability for any inaccuracies or omissions. The above does not constitute an offer of credit nor does it guarantee that the credit facility applied for will be approved. All applications for financing are subject to credit evaluation and approval and it reserves the right to approve or reject such applications without assigning any reason therefore.
All interest rates shown are indicative according to criteria provided by financial service providers and this is an estimated figure only do not constitute a guaranteed figure. Please consult your respective financial provider for the exact interest rate.
With PropSocial, everyone can now find their dream home. Looking to buy, sell or rent a home of Malaysia-China (International) Trade Centre? Fill in your details and we will get right back to you!
