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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.
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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 | - |
Note:
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 |
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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