Ibraco's Lakefront Commercial Hub Sees Near Full Occupancy at Launch

https://businessnews.com.my/2025/05/29/ibraco-lakefront-hub-full-capacity/#google_vignette

Ibraco Berhad (“Ibraco” or the “the Group”), a leading construction and property development group, today announced that NorthBank Central, the newest commercial precinct within its premier township development The NorthBank, has approached near full acquisition.

Strategically located along the Kuching-Samarahan Expressway, NorthBank Central is set to become a key economic and lifestyle hub, anchoring Ibraco’s vision for a future-ready, integrated township. The NorthBank was conceived as a decentralised, self-contained ecosystem combining residential, commercial, healthcare, education, and wellness components, all within a single masterplan.

Ibraco’s Lakefront Commercial Hub Sees Near Full Occupancy at Launch

Datuk Chew Chiaw Han, Group Managing Director of Ibraco Berhad, said, “The exceptional market response of NorthBank Central signals a strong vote of confidence in our masterplan for The NorthBank.” 

“It affirms that our vision of a future-ready, sustainable township resonates with modern buyers and investors. With upcoming developments like the NorthBank Business Park, we’re taking the next step in creating a truly connected, liveable, and thriving urban hub in Kuching,” he added. 

The NorthBank comprises several integrated zones, including NorthBank Central, the upcoming NorthBank Business Park, and future expansion areas. These developments collectively support a holistic lifestyle that revolves around work, life, education, and wellness, tailored to the evolving needs of residents, businesses, and investors.

The residential and commercial components of The NorthBank have achieved almost full occupancy and high rental yields, bolstered by its prime location next to Sama Jaya High Tech Park, a high-tech industrial zone, home to over 15 leading local and international corporations, which large workforce includes a significant population of skilled professionals, engineers, and foreign expatriate management teams, and other major developments. Adding to this momentum is the upcoming FAME College in the nearby Tabuan Tranquility township. As the college is still under development, it is foreseen that it will further contribute to demand upon its completion, reinforcing The NorthBank’s appeal as a long-term investment destination.

The township’s next major commercial anchor is the NorthBank Business Park, a thoughtfully master-planned 11-acre development integrating a diverse mix of business, lifestyle, and community living.  Designed to cater to the evolving needs of modern urban dwellers, it will feature a balanced mix of commercial spaces, offices, residences, and lifestyle offering, emphasising on convenience, accessibility and well-being.  

Further supporting this integrated lifestyle is the Tunku Putra-HELP School (TPHS), established in partnership with HELP Education Group. Since its inception in 2020, TPHS has offered both national and international curricula, reflecting Ibraco’s commitment to providing world-class education within its developments. 

Community wellbeing is also supported through a Ibraco’s well-appointed NorthBank Club, an exclusive clubhouse offering recreational, wellness, and social facilities, designed to foster a sense of community and balanced living. 

Accessibility is a key strength of The NorthBank. The township is located along the Autonomous Rail Transit (ART) Blue Line, with dedicated stops at The NorthBank, offering seamless connections to the burgeoning region of Kota Samarahan and other growth corridors in Greater Kuching. In addition, road connectivity to Kuching city centre, and Kota Samarahan is well established, and planned infrastructure enhancements including road upgrades, utility improvements, and readiness for the Kuching Urban Transportation System (KUTS) will further strengthen The NorthBank’s position as a vital urban node.

With rising community engagement and sustained investor interest, The NorthBank is positioned to be both a residential sanctuary and a catalyst for economic activity — setting a benchmark for sustainable and integrated township development in Sarawak.

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