The rise of new developments will transform the landscape of the Pearl of the
Orient even more dramatically in the years to come.
BY JEREMY TAN
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Water-themed parks and pockets of lush greenery create
a soothing living environment for residents at Penang World City.
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PENANG has become one of the most sought-after areas for residential
developments in recent years, thanks to the constantly improving transportation
links, political stability, booming manufacturing sectors and the growing
appreciation of land. With the latter commodity becoming increasingly scarce, it
is amazing to think that an entire metropolis, is set to rise majestically from
the island’s south-eastern coast, in the coming years.
Penang WorldCity, a mixed integrated waterfront development spanning 103
acres (42 ha), is poised to transform the area’s skyline. When complete, it will
be a modern, mini-international city where residents can enjoy refined
lifestyles.
This joint venture project by renowned Penang developer Ivory Properties
Group Bhd and Tropicana Corporation Bhd (noted for its successful resort
developments in Kuala Lumpur and waterfront developments in Johor) will be
developed in phases over the next 10 years. The development will comprise
approximately 9,000 units of exclusive lifestyle residences, the majority of
which are sized below 1,500 sq ft to cater to homeowners of all income
levels.
Water-themed parks and pockets of lush greenery create a soothing living
environment for residents while various leisure and recreational amenities like
the Performing Arts Centre and Wellness area will enrich residents’ lives.
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Penang WorldCity is set to be a thriving, recreational
and commercial centre.
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The planned 1.5mil sq ft development comprising high-end retail outlets,
international hotel, grade A offices, a convention centre, an international
school and al fresco dining outlets will make it a hub for tourism and
commerce.
Indeed, it will be branded as “The Destination” to live, do business and
visit in Penang.
This will be a thriving, recreational and commercial centre, where all the
action is neatly tucked between the Penang Bridge and the newly opened, Second
Penang Bridge, the enclave is a mere 10-minute drive to the Penang International
airport.
Various shopping, financial, educational, and healthcare amenities in George
Town are just a 20 minutes’ drive away via the Tun Dr. Lim Chong Eu expressway,
while the ferry services also provide an alternative means of connection to the
mainland. Located even closer, are the Bayan Lepas Free Trade Zone, Queensbay
Mall, Pantai Hospital as well as banks, schools and Food and Beverage (F&B)
hubs.
Tropicana Bay Residences
The first phase of Penang WorldCity will be Tropicana Bay Residences
comprising six blocks of 22-storey condominium towers housing units sized from
455 sq ft to 1,950 sq ft. These are available in eight distinctive layouts.
An impressive drop-off point greets residents and guests alike. Inside, one
will find the best of resort style living, with amenities like an overhanging
pool, tennis court, saunas and a gymnasium. Conceptualised by an international
architect, the development is designed to foster healthy, outdoor living as well
as, closer bonds between family and friends.
To date, Tropicana Bay Residences has received a highly positive response
since its initial soft launch, with 90% of units of the first four blocks sold
thus far.
Block E is now open for registration, with units sized from 872 sq ft to 980
sq ft. The average current selling prices vary from RM769,900 to RM935,900, with
an average selling price of RM800 per sq ft.
The Wave
Certain buildings generate a buzz amongst those in the know, even before the
construction work has begun. The Wave at Penang Times Square is definitely one
such development. The project blueprint features an extraordinary facade of
wave-like contours, rhythmically corrugated around each floor of the unique
structure. This aesthetically pleasing form is also functional, as it provides
protection from the glaring sun. and, at different angles and during various
times of day, the reflection of light gives these wavy panels a spectrum of
different shades, creating an illusion of the amazing sea and its magnificent
corals.
The top component comprises 312 suites occupying 27 floors, which sits on an
11-storey podium comprising car parks, a facilities floor and a commercial
retail component.
Units are available in four layouts namely, the corner suites (Type A – 1,250
to 1,290 sq ft), intermediate suites (Type B – 1,300 to 1,345sq ft), penthouse
suites (Type C – 2,820 to 2,905 sq ft) and duplex suites (Type D – 2,580 sq ft).
The varied layouts enhance the feeling that each unit is a limited edition
masterpiece. Types A and B units feature three rooms and two washrooms, while
Type C has five rooms and five washrooms. Type D, meanwhile, comes with four
rooms and five washrooms.
Its equally impressive facilities include an outdoor Jacuzzi, wading pool,
swimming pool, changing room, sauna room, children’s playground, barbeque pit
with wash area, landscaped garden, multi-purpose hall, gymnasium room, exercise
station and foot reflexology path.
With a limited number of bespoke shop lots, the commercial component of The
Peak Residences and The Latitude in Mount Erskine, Tanjung Tokong raises the bar
as it is an ideal place for F&B businesses. Serving over 1,500 residential
units within the vicinity, these shop lots are a great investment choice as they
offer potential for capital appreciation.
Priced affordably from RM 826,636 for a 1,390 sq ft double-storey unit,
interested buyers can now enjoy a guaranteed 6% return and a 5% cash rebate at
Ivory Properties’ sales booth during the My Property Fair. Held in Queensbay
Mall (South Zone) from Apr 17 to 20, between 10.30am and 10.30pm daily, there
are 8% discount and 5% cash rebate promotional packages available for a limited
time.
For more information, on Penang WorldCity, call 04-6596888, visit the Sales
Gallery at Persiaran Bayan Indah in Bayan Lepas, Penang (nearby Queensbay Mall),
or log on to www.penangworldcity.com.
For details on other projects, visit Ivory’s new sales gallery in Ivory Tower
@ Penang Times Square, located at 81-11-1 Jalan Datuk Keramat from 11am to 6pm
daily except Sundays. Otherwise, contact the marketing personnel at 04-2108000
or email to: marketing@ivory.com.my / contact@ivory.com.my
For more information on Building and Construction seminars, please visit www.asiapacificevents.com
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