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Shorefront is one of the latest luxury condominium developments in Georgetown, Penang destined to augment the grandeur of the island’s shoreline. Situated just beside the Eastern & Oriental (E&O) Hotel within the city’s UNESCO heritage buffer zone, Shorefront offers a pleasant mingling of old world charm and modern-day luxuries in an abode between the sea and city.
The luxury condominium residences of Shorefront is the first venture into the Penang property scene by renowned developer, YTL Land and is one of the remaining few developments which has been able to secure prime land in the city by the shores of the Andaman Sea. Shorefront is aimed at bringing ultimate luxury to a privileged few with exclusivity achieved through the development’s low-rise and low-density concept.
Shorefront will only offer 76 units of affluent condominium residences, in 3 elegantly-designed complexes just 6 storeys in height. To add, a selected few units will be even more lavish with their very own sky terraces, wide open balconies allowing stunning views of the sea and living spaces which open up into several private gardens.
The residences at Shorefront can be selected from a palate of 8 distinct layout designs, which offer spacious living within sizeable dwellings of between 1,330 sf to 2,685 sf. However, homes of the Type B1 and Type B1.1 layout will enjoy utmost openness with a living space and master bedroom which share access to a private garden while the other 2 bedrooms also open up to another garden. Type B4 units on the other hand, will have access to a sky terrace, which is an elevated podium above the home. Although all Shorefront units have several decks/ balconies, Type C5 homes offer great views all around with a deck/ balcony that runs along the entire length of the units, giving an elevated sense of wide-open spaces. Each home is also provided with 2 complimentary parking spaces.
The finishing touch to the prestigious Shorefront homes is achieved with a residents-only clubhouse with a number of conducive facilities, while a lap pool parallel to the sea makes for a unique swimming experience. Wide decks also flank the expansive pool, allowing for some leisurely lazing around with a good book or just admiring the ocean views.
Shorefront residences enjoy exceptional ease and accessibility to a number of amenities and note-worthy locations in Georgetown. The property is just a short stroll to the E&O Hotel adjacent of it, where classical cuisine, local fares and afternoon tea are not just reserved for hotel guests. Retail outlets also line the Victory Annexe arcade of the hotel’s newer wing where anything from boutique fashion to books can be found. Other amenities such as cafes, eateries, convenience stores and banks are also mere minutes away.
Situated along Lebuh Farquhar, Shorefront is highly accessible, being a swift 15 minutes’ drive away from the first Penang bridge via the Tun Dr. Lim Chong Eu Expressway. Places of interest as well as entertainment within the city are also within easy reach, such as Gurney Drive which is only 5 minutes away. The property is also within walking distance to tourist attractions like Love Lane, the Cheong Fatt Tze Mansion, Chulia Street and more.
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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 (%) |
---|---|---|---|---|---|
Shorefront | 2017 |
RM1,800,000
-
RM5,500,000
RM 817 psf - RM 2,180 psf |
RM5,000 - RM5,000 | NIL | 2.35 % |
Prangin Mall | 2001 | From RM220,000 | From RM1,300 | NIL | NIL |
Menara Penang Garden | 1983 | From RM400,000 | NIL | NIL | NIL |
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 | - | - | - |
1,000 - 1,500 SQ. FT | - | - | - |
1,500 - 2,500 SQ. FT | - | - | - |
2,500 - 4,000 SQ. FT | - | - | - |
4,000 SQ. FT and above | - | - | - |
Note:
Down Payment (10%) | RM 270,000 |
Loan Amount ( 90 %) | RM 2,430,000 |
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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