Stylish and spacious Tropicana Bay Residences unit.
Penang WorldCity will be a modern seafront hub offering inhabitants refined and vibrant lifestyles once it is completed within the next decade.
The mixed integrated waterfront project at Bayan Mutiara will sprawl over 41.7ha (103 acres) and will have a gross development value of RM10bil.
It is currently being built in phases and will transform the island’s southeastern skyline.
A joint venture undertaking by Ivory Properties Group Bhd and Tropicana Corporation Bhd, it is among the choice offerings at the upcoming Star Property Fair 2015 at G Hotel and Gurney Plaza in Penang.
The future landmark is conceptualised by an international architect to be a thriving residential, recreational and commercial centre where all the action is.
Of its total area, 27.5ha (68 acres) will be built on existing land while the other 14ha (35 acres) will be reclaimed.
Among its components are about 9,000 exclusive lifestyle residences, the majority of which are sized below 1,500sq ft to cater to a broader spectrum of home owners from various income levels.
There will be green belts around the high-rise residences, separating them from the bustling main streets.
This creates greenscape buffers for pedestrians, cyclists and strollers.
Water-themed parks designed to foster outdoor living also add to the wholesome environment.
The first phase of Penang WorldCity is the Tropicana Bay Residences which comprises five blocks of 22-storey and one block of 21-storey condominium towers.
These units are sized from an intimate 455sq ft to a spacious 1,945sq ft.
They are available in eight well-designed and distinctive layouts that cater to different lifestyle needs.
There will be an impressive drop-off point to welcome guests and residents alike.
Inside, the resort-style amenities like overhanging pool, tennis court, saunas and gymnasium will have one living the good life.
All these have contributed to the highly positive response since its soft launch, with over 90% of units in the first five blocks already taken up to date.
Block F will be open for registration during the four-day fair. Current selling prices vary from RM497,400 to RM1,663,900, with an average rate of RM850 psf.
In addition to the residences, Penang WorldCity will also have about 1.5mil sq ft of high-end retail outlets, an international hotel, grade A offices, a convention centre, an international school, al fresco dining outlets, a performing arts centre and a wellness centre.
All this will make it a premier tourism and commercial hub, neatly tucked between the Penang Bridge and the Sultan Abdul Halim Mu’adzam Shah Bridge.
The excellent location is also a short drive away from the Penang International Airport, Bayan Lepas Free Trade Zone and George Town.
This makes Penang WorldCity a great investment option with good appreciation potential.
To find out more, visit Ivory Properties’ booth (M4) during the fair from 10am to 10pm daily from July 9 to 12. Attractive packages await from Ivory.
The Star Property Fair, now into its 13th year, is the grandest property showcase in the northern region.
More than 40 exhibitors will participate in this year’s fair.
There will also be talks and forums conducted by experts in their fields to provide visitors with useful information on various property-related topics.
Admission is free and visitors stand a chance to win more than RM100,000 worth of prizes, including five tablets and handphones daily. - By The Star