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PENANG WORLD CITY

Off Tun Dr. Lim Chong Eu Highway, 11900 Batu Uban, Penang

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 Categories Condominium Shop Office

Today
(Under Construction)
This project is estimated to be completed in 2 years

2019
(Year of Completion)
Launch Price RM 520,500 - RM 1,721,125
Subsale Price NIL
Rental Price NIL
NIL
Maintenance
400 sq ft - 1,945 sq ft
Built Up
Mixed
Land Title
Freehold
Tenure
NIL
Total Blocks
NIL
Total Storey
NIL
Total Units
NIL
Parking
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Penang World City Review

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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.

Extras

24-hour
Security
No
Pet Friendly
No
Eco Friendly (GBI)
Nearby Restaurants

Developers

Tropicana Corporation Berhad

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.


[More Details: Official Website]
Ivory Properties Group Berhad

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.


[More Details: Official Website]

Nearby Property Price Analysis

Upcoming Properties Nearby

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 568,000 - RM 830,000
RM 686 psf - RM 704 psf
Tropicana Bay Residences 2017 RM 520,500 - RM 1,721,125 NIL
3 For Sale in QuayWest Residence
Recently Completed Properties Nearby

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 1,800,000 - RM 1,800,000
RM 530 psf - RM 530 psf
NIL NIL NIL
Vilaris Jan 2016 From RM 2,180,000 NIL NIL NIL
Summerton Condominium Apr 2014 RM 650,000 - RM 1,800,000
RM 394 psf - RM 792 psf
RM 2,000 - RM 2,000 NIL 2.8 %
Summerton Bayan Indah 2014 RM 1,160,000 - RM 1,500,000
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 1,100,000 - RM 1,100,000
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 %
1 For Sale in Taman Pantai Indah 14 For Sale in Summerton Condominium 44 For Rent in Summerton Condominium 4 For Sale in Summerton Bayan Indah 17 For Rent in Summerton Bayan Indah 1 For Sale in The Uban Residence 3 For Rent in The Uban Residence
Nearby Property Transactions Price Trend

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 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 -
Avg Recent Transactions
Last 100 Recent Transactions Recorded
RM 423 psf
Non Landed Properties
RM 192 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 %
    Interest Amount RM 468,450
    Others (Estimation) RM 10,000
    Personalize Your Mortgage
    Monthly Installment
    RM 3,000 ±
    Mortgage Provided By
    Maintenance Fee
    N / A
    RM N / A psf (400 sq ft)
    Total Monthly Expenses
    RM 3,000 ±
    Home Mortgage Calculator

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