KUCHING-based property developer Ibraco Bhd has revealed that NorthBank Central, the newest commercial precinct within its premier township development The NorthBank, is near full acquisition.
Strategically located along the Kuching-Samarahan Expressway, NorthBank Central is set to become a key economic and lifestyle hub, thus 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.
“The exceptional market response of NorthBank Central signals a strong vote of confidence in our masterplan for The NorthBank,” commented Ibraco’s group managing director Datuk Chew Chiaw Han.
“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.”
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 that are tailored to the evolving needs of residents, businesses and investors.
Active development
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.
Additionally, the development is also 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.
Adding to this momentum is the upcoming FAME College in the nearby Tabuan Tranquility township.
The college which is still under development is poised to further contribute to demand upon its completion, thus 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 which emphasise 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, hence reflecting Ibraco’s commitment to providing world-class education within its developments.
Community well-being 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, thus offering seamless connections to the burgeoning region of Kota Samarahan and other growth corridors in Greater Kuching.
Additionally, road connectivity to Kuching city centre and Kota Samarahan is well established with planned infrastructure enhancements including road upgrades, utility improvements and readiness for the Kuching Urban Transportation System (KUTS) to 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 by setting a benchmark for sustainable and integrated township development in Sarawak.
At the close of today’s (June 3) market trading, Ibraco was up 4 sen pr 3.39% to RM1.22 with 374,900 shares traded, thus valuing the company at RM666 mil. – June 3, 2025
