Off Tun Dr. Lim Chong Eu Highway, 11900 Batu Uban, Penang
|Launch Price||RM 520,500 - RM 1,721,125|
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.
Tropicana Corporation Berhad brings together a range of diverse companies devoted to the same ideals – to deliver value to our customers and investors by creating quality developments in which people want to live, work and play.
Tropicana Corporation is a pioneer in resort-style home concepts with a strong track record in residential and commercial developments. We consistently provide customers with attractive and sustainable developments while extracting high value from the land we develop. 90% of the Group’s revenue is generated by its property development, resort operations and property investment.
Tropicana Corporation Berhad also successfully manages a realm of businesses that includes Property Investment, Property Management, Investment Holding and Manufacturing. This large scale of successful ventures propelled the Group onto the Main Board of Bursa Malaysia in 1992. Since then, the Company has consistently explored new frontiers with significant growth potential such as retail and office space, hotel and education.
The impressive track record of Tropicana Corporation is largely a result of its strategy of offering premium locations, innovative building concepts and natural living quality to customers. The company has also widened its geographical reach and scope beyond the Klang Valley to prime locations in Penang, Johor Bahru, Negeri Sembilan and Sabah.
However, it is far more than buildings or structural works. We believe in making a vital contribution to the landscape, to the communities we help create and to the environment as a whole. We are committed towards meeting the needs of the present without compromising the progress of future generations.
Ivory Properties Group Berhad are a premier public listed property development group in Northern Malaysia with an outstanding and enviable track-record.
All their projects are completed with their signature focus on bold innovative designs, fresh lifestyle concepts, quality craftsmanship & workmanship, timely delivery and superior customer service.
Ivory Properties Group Berhad have carved a strong niche and reputation in successfully reviving abandoned as well as hard-to-execute projects. Their vertically integrated range of in-house expertise includes architecture, engineering, construction, interior design and sales & marketing. This vertical integration enables them to control the construction process to ensure timely and quality delivery.
Their passion and dedication to the property industry has won them a loyal following among discerning property purchasers throughout the world apart from numerous industry awards.
Did you know?
Check out the value of surrounding upcoming properties to make the best buying decision.
|Property Name||Year of Completion||Launch Price||Ad Selling Price|
|Penang World City||2019||RM 520,500 - RM 1,721,125||NIL|
|QuayWest Residence||2017||RM 200,000 - RM 2,200,000||
RM 686 psf - RM 704 psf
|Tropicana Bay Residences||2017||RM 520,500 - RM 1,721,125||NIL|
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||NIL||NIL||NIL||NIL|
|Taman Pantai Indah||Dec 2016||
RM 530 psf - RM 530 psf
|Vilaris||Jan 2016||From RM 2,180,000||NIL||NIL||NIL|
|Summerton Condominium||Apr 2014||
RM 394 psf - RM 792 psf
|RM 2,000 - RM 2,000||NIL||2.8 %|
|Summerton Bayan Indah||2014||
RM 598 psf - RM 815 psf
|RM 1,800 - RM 1,800||RM 799,364 (RM 541 psf)||3.55 %|
|The Uban Residence||2010||
RM 564 psf - RM 564 psf
|RM 2,500 - RM 2,500||RM 1,390,000 (RM 504 psf)||2.24 %|
|Bayan Mutiara||2008||RM 1,600,000 - RM 4,200,000||RM 2,600 - RM 2,600||RM 1,100,380 (RM 245 psf)||1.08 %|
Did you know?
Check out the past transacted prices of this neighbourhood to make the best buying decision.
|0 - 500 sq ft||RM 97 psf||-||-|
|500 - 1,000 sq ft||RM 494 psf||-||-|
|1,000 - 1,500 sq ft||RM 482 psf||RM 0 psf||-|
|1,500 - 2,500 sq ft||RM 500 psf||RM 0 psf||-|
|2,500 - 4,000 sq ft||RM 483 psf||RM 108 psf||-|
|4,000 sq ft and above||-||RM 205 psf||-|
|Down Payment (10%)||RM 52,050|
|Loan Amount ( 90 %)||RM 468,450|
|Tenure Years||35 Years|
|Interest Amount||RM 468,450|
|Others (Estimation)||RM 10,000|
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