Who is Carrying The Crown? Revealing Inside The Crown KK | Stalled Megaproject, GDV MYR 900 Million

Hi, Kawan-kawan, hello, everyone, 👋 Apa khabar? How are you? Hope everyone is feeling happy and energised for another wonderful and productive week ahead. This drone footage takes you straight into the long-stalled The Crown Kota Kinabalu project in the heart of the capital, located at the crossroads of Jalan Kemajuan and Jalan Mentari. Once planned as a major RM 900 million mixed-use development landmark, the site now sits frozen in time, decayed, stagnant. I wanted to show the real condition of the structures, the exposed interiors, and how far the project had progressed before works stopped. Many local residents around KK have seen it from the main roads, but not many have seen what’s actually inside. This video is not about blame, it’s simply to document the current state of the project, how it has changed over the years, and the scale of what remains. With discussions, legal matters and corporate movements happening behind the scenes, many people are wondering what might happen next. Is a white knight finally peering over the horizon for a 2026 comeback? So here’s the closest look from above and through the openings of the structures themselves. If you find value in these real-world project updates across Kota Kinabalu, you can support by liking and subscribing my small channel. It helps this channel continue documenting what’s happening around Sabah, from ongoing construction to abandoned sites to new developments rising across the city. You can also watch my whole Exploring Borneo Adventures playlist here:    • Exploring Borneo Adventures   Kotohuadan 🙏, Terima Kasih, Thank You, and Xièxiè Nín ❤️ for watching, subscribing and supporting this channel. If you appreciate real, consistent, and informative construction and development updates from Kota Kinabalu and around Sabah, Borneo, feel free to subscribe and follow along this journey together. #thecrown #thecrownkk #thecrownkotakinabalu #crowneplaza #crowneplazakk #kotakinabaluproject #sabahproject #4kconstruction #kkconstruction #constructionupdate #4kdronefootage #sabahdrone #kotakinabalu #sabah #malaysia 00:00 Intro: Disclaimer & Opening Sequence 02:38 Project Name 02:48 Location 03:00 The Crown Kota Kinabalu Location Map 03:12 Land Area 03:21 Developer / Project Owner 03:31 Parent Company / Major Shareholder 03:45 Land Acquisition by GWSB 04:17 Golden Wave Acquired in 2015 04:39 KK Sentral 04:45 Project Concept 04:57 Project Cost / Construction Contract Value (CCV) 05:49 Total Gross Development Value (GDV) 06:14 GDV for The Crown Service Suites 06:28 Project Soft Launch 07:05 The Crown KK Overall Development Plan. Artist's Impressions 07:32 The Crown Kota Kinabalu Key Plan 07:39 The Crown Kota Kinabalu Design Layout Plan 07:49 The Crown Kota Kinabalu Promotional Video 11:06 InterContinental Hotels Group (IHG) Agreement 11:15 Hotel Brand 11:22 IHG News Releases (20 January 2017) 11:42 Facility Agreement with Sabah Development Bank Berhad (SDB) 11:53 Contractor: Yunnan Construction Engineering (Malaysia) Sdn Bhd 12:03 Contractor: E&J Builders Sdn Bhd (Now Eko Bina Sdn Bhd) 12:13 Ho Hup Took Over Construction Since Dec 2022 12:23 Architectural Firm and Interior Designer 13:15 Initial Completion Target and Revisions 13:55 Number of Towers and Storeys 14:13 Total Residential Units 14:23 Total Hotel Rooms (Crowne Plaza) 14:32 Suite Sizes 14:42 The Crown Kota Kinabalu Show Units 15:28 Explore with Mel 15:51 Construction Start Date for 1 Hotel Block 16:00 There's a Swimming Pool on Top of Imago? 16:11 Start Date: 4 Blocks of Serviced Suites & Retail Lots 16:18 Facilities List 16:26 The Crown Kota Kinabalu Facilities 16:45 Adjudication Dispute 16:54 Lawsuit Filed on 15 May 2024 17:11 Judicial Management Application (Corporate Rescue Mechanism) 17:20 Suit Withdrawal 17:28 Restraining Order (RO) and Receiver Appointment 17:36 January 2025: Kota Kinabalu City Hall (DBKK) Involvement 17:44 Practice Note 17 (PN17) Status 17:51 Receiver Invitation 18:12 High Court Ordered GWSB to be Wound Up 18:19 Ongoing White Knight Search. Possible Q1 2026 Resumption 18:32 Outro & Kotohuadan