La Ferringhi is the latest project of 20 highly exclusive freehold units of beach style 3 storey superlink houses by Tat Boot Development in the highly desirable location of Batu Ferringhi, Penang. With Batu Ferringhi rated as the 8th most livable city in Asia, rental prices are expected to skyrocket. La Ferringhi is expected to be completed by February 2014.The built-up of La Ferringhi is approximately 3,100 sf, whilst according to Tat Boot Development; the units are being built in a land area ranging between 1,335 sf and 1,725 sf. The units are sold at a range between RM1.318 million to RM1.688 million which works out to approximately RM505 per sf. Other similar properties around the area are at approximately RM700 per sf at the moment, making La Ferringhi an ideal investment. Each house is equipped with five bedrooms and four bathrooms, as well as a balcony on the 1st floor of the house enabling residents to enjoy the lush surroundings. Each unit comes with a covered car park for 2 cars. Being a gated and guarded community, families will be able to enjoy evening runs and outings within the neighbourhood safely.La Ferringhi is located within the Batu Ferringhi tourist belt next to Eden Fairway Condominium, thus, exciting night bazaars await residents while providing a sense of privacy amongst lush greenery. The enclave lies amidst 3 international schools, the closest being Uplands International School which is within 5 minutes walking distance. La Ferringhi lies 35 minutes away from the Penang Bridge and 45 minutes from Penang International Airport. The location is ideal as it provides easy access to the newly proposed Tanjung Bungah to Teluk Bahang paired road. Being in an upmarket area, La Ferringhi is also located near 5 star hotels, namely Park Royal International and Holiday Inn, as well as Golden Sands and Rasa Sayang by Shangri-La.
Property Details
Name: La Ferringhi Address: 11200 Batu Ferringhi, Penang Developer: Tat Boot Development Completion Date: Feb 2014 (estimate) Type: 3-Storey Superlink Tenure: Freehold No. of Storey: 3 No. of Units: 20 No. of Bedrooms: 5 No. of Bathrooms: 4 Land Area: 1,335 sf – 1,725 sf Dimension: 23 x 60 ft & 23 x 80 ft Built-up: 3,100 sf Launch Price: RM1,318,000 – RM1,688,000Layouts
Type A (4 bedroooms) (3,100 sf)Facilities
Covered parking Gated and guardedAnalysis
La Ferringhi is an exclusive low density development, making it ideal as a holiday home, permanent residence or as an investment as its location is perfect to be either one of the three. As a holiday home, it will provide peace, recuperation and tranquility when needed as it is situated amongst the forests, or it can also provide beach life, night life and SPAs within walking distance. As an investment, La Ferringhi returns are assured as each unit is being sold at as low as RM400 per sf while similar neighboring units are being sold at RM700 per sf. These exclusive properties are still easily attainable with a low down payment, and early birds get to enjoy a 7% rebate. Legal fees on SPA, Loan Agreement & Disbursement will be borne by developers at this stage. As a permanent residence, this location is also ideal as it is close to all amenities, such as schools, petrol stations and shopping complexes all within close proximity. Transport will be increasingly convenient when the newly proposed Tanjung Bungah to Teluk Bahang paired road is completed. In short, these units are suitable for all purposes.
