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Penang World City

Off Tun Dr. Lim Chong Eu Highway, 11900 Batu Uban, Penang
Condominium Shop Office
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Details:

Developer

Developer of Penang World City, Tropicana Corporation Berhad
Tropicana Corporation Berhad
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Developer of Penang World City, Ivory Properties Group Berhad
Ivory Properties Group Berhad
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Chinese ad 4621 326x150 01

Property Details

2019
(Year of Completion)
This project was completed 5 years ago
RM520,500 - RM1,721,125
Built Up
400 SQ. FT - 1,945 SQ. FT
Land Title
Mixed
Tenure
Freehold
Total Blocks
NIL
Total Storeys
NIL
Total Units
NIL

Description

Penang World City is a monumental development along the coast of Batu Uban, on the island of Penang. The integrated development will become the benchmark of urban living while redefining waterfront living. Built on the idea of ‘For Penang. In Penang. By Penang’, Penang World City aims to do what its name suggests - transform Penang into an international city, a culmination point of investors and tourists from around the globe.

Traversing 41.5 hectares, the Penang World City development will utilize 27.3 hectares of existing prime land as well as 14.2 hectares of reclaimed land. The highly ambitious feat will see the integration of high-rise residences, a shopping mall, retail spaces, promenade mall, office suites, office tower, and hotel upon its expected completion in 2019.

Tropicana Bay Residences at Penang World City is a luxurious condominium complex designed to be part of the development’s self-sustainable master plan. Comprised of five 22-storey residential blocks, the project offers homes with picturesque views of the sea or the hills thanks to thoughtful design which positions all units in a way which allows either view.

There will be a total of 1,343 units in a selection of 7 layout designs and built-up spaces of between 400 sf to 980 sf to accommodate the different needs of individuals and families alike. Facilities provided to residents of Tropicana Bay Residences at Penang World City include several wellbeing features, such as an infinity pool, yoga/tai chi/moon plaza, and 'chillaxation' terrace, sporting facilities such as squash and badminton courts, a half basketball court, and tennis court. There are also entertainment facilities such as a mini cinema and karaoke hall as well as many other amenities.

Tropicana Bay Residences within Penang World City is not far away from its completion in September of 2017 while other commercial projects and retail malls will follow suit as in line with its master plan. Upon the completion of the retail spaces and malls within Penang World City, there will be an array of countless amenities all within the development itself.

However, its location is also within close range of the several matured commercial hubs and neighbourhoods in the Batu Uban area. Some those amenities include the Sungai Nibong Primary School, Sungai Nibong High School and Kwang Hwa Chinese School and also Universiti Sains Malaysia (USM) and the Penang Skills Development Centre. The popular Queensbay Mall is also just a few minutes’ drive away while the Bukit Jambul Complex is also nearby.

Strategically situated off the Tun Dr. Lim Chong Eu Highway, Penang World City enjoys ease of access to the Jelutong Expressway, the Bayan Lepas Expressway, Jalan Sultan Azlan Shah and also the first Penang Bridge. Transportation hubs such as the Sungai Nibong Express Bus Terminal, Sungai Nibong Rapid Penang Bus Hub and Sungai Nibong Taxi Station are also within proximity of the development.

24-hour
Security
No
Pet Friendly
No
Eco Friendly (None)
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Calvin Lim
This looks nice for me. A good development is coming up.
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F Y Leong
Good view. Sea view. Rental yield is high
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Nearby Amenities:

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Did you know?

Check out the value of surrounding recently completed properties to make the best buying decision.

Property Name Year of Completion Ad Selling Price Ad Rental Price Avg Transacted Price Avg Rental Yield (%)
Penang World City 2019 RM385,000 - RM750,000
RM 682 psf - RM 860 psf
RM1,400 - RM1,400 NIL 4.18 %
Taman Pantai Indah Dec 2016 NIL NIL NIL NIL
Vilaris Jan 2016 RM1,088,000 - RM2,500,000
RM 291 psf - RM 519 psf
NIL NIL NIL
Summerton Condominium Apr 2014 RM680,000 - RM1,900,000
RM 415 psf - RM 829 psf
RM1,700 - RM1,700 NIL 2.43 %
Summerton Bayan Indah 2014 RM1,200,000 - RM1,900,000
RM 652 psf - RM 806 psf
RM1,800 - RM1,800 NIL 1.89 %
Taman Jerejak Villa 2011 RM428,000 - RM428,000
RM 503 psf - RM 503 psf
From RM2,500 NIL NIL
The Uban Residence 2010 RM880,000 - RM1,300,000
RM 418 psf - RM 650 psf
RM2,200 - RM2,200 NIL 2.15 %

Did you know?

Check out the past transacted prices of this neighbourhood to make the best buying decision.

Non-Landed Landed Commercial
0 - 500 SQ. FT - - -
500 - 1,000 SQ. FT RM 557 psf - -
1,000 - 1,500 SQ. FT RM 463 psf RM 476,667 psf -
1,500 - 2,500 SQ. FT RM 463 psf - -
2,500 - 4,000 SQ. FT RM 579 psf RM 1,568,333 psf -
4,000 SQ. FT and above - RM 3,190,000 psf -
Avg Recent Transactions
Last 100 Recent Transactions Recorded
RM 461 psf
Non Landed Properties
RM 391,555 psf
Landed Properties
RM 0 psf
Commercial Properties

Note:

  • This price analysis is to be used only as a reference. The accuracy of its data will improve over time as more data is collected.
  • 'Nearby distance' is based on 1 kilometre
  • Average Rental Yield takes into account an estimated amount of maintenance fees

My Affordability:

Down Payment (10%) RM 52,050
Loan Amount ( 90 %) RM 468,450
Tenure Years 35 Years
Interest Rate 4.85%
Others (Estimation) RM 10,000
Monthly Installment
RM 3,000 ±
Maintenance Fee
N / A
RM N / A psf (400 SQ. FT)
Total Monthly Expenses
RM 3,000 ±

Disclaimer

The information shown is indicative and for illustration only. It does not guarantee the accuracy of the calculation and accepts no liability for any inaccuracies or omissions. The above does not constitute an offer of credit nor does it guarantee that the credit facility applied for will be approved. All applications for financing are subject to credit evaluation and approval and it reserves the right to approve or reject such applications without assigning any reason therefore.

All interest rates shown are indicative according to criteria provided by financial service providers and this is an estimated figure only do not constitute a guaranteed figure. Please consult your respective financial provider for the exact interest rate.

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