Penang World City is located at Bayan Mutiara, Bayan Lepas, Penang, a mixed development property project consists of both residential and commercial properties.
Penang World City to be developed by Tropicana Ivory Sdn Bhd (a joint venture company between Ivory Properties Group and Dijaya Corp). The project covers a total land size of 102.56 acres, of which 67.56 acres is the existing land while the balance of 35 acres of land would need to be reclaimed over the next three years.
There are six phases in total, the first phase of Penang World City is expected to launch in the third quarter of 2012. Eighty percent of the Penang World City development will be residential units which will comprise mainly condominiums and the others will include serviced residences, waterfront villas, commercial and retail spaces, shopping mall, hotel, office suites, office towers, waterfront entertainment city, medical facilities and so on.
Property Project : Penang World City
Location : Bayan Lepas, Penang
Property Type : Mixed Development
Developer : Tropicana Ivory Sdn Bdh (a joint venture between Dijaya Corp Berhad & Ivory Properties Group Berhad)