Penang Word City is an exclusive mixed development in Batu Uban, Penang. The big high-class project is being developed by Tropicana Ivory and it is slated for completion in 2019.Penang World City will be the new face of Penang which sets a new benchmark that embraces nature in an urban living area. Covering a total land of 102.56 acres, Penang World City aims to become an international gateway for foreign tourists as well as foreign investors to Penang. There will be six phases of Penang World City development, whereby the first phase, Tropicana Bay Residences was launched in 2012 and is expected to complete by the end of 2017.The mixed development of Penang World City will comprise of medium-rise condominiums, luxury condominiums, serviced residences, business suites, iconic office block, waterfront entertainment city, waterfront villas, medical facilities, commercial as well as retail spaces. Every developments in Penang World City will be luxuriously designed to suit the exclusive living style that it offers.Each residential development at Penang World City will offer myriad facilities to its residents. Some of these facilities that every residences will have include swimming pool, clubhouse, management office, sports entertainments, gymnasium and relaxation area. The main facilities that will be available at Penang World City are numerous parking spaces and excellent security systems.Without a doubt, there will plenty of amazing amenities available in Penang World City, but in addition to that there are also abundant amenities within the vicinity. These amenities include schools, University Science Malaysia, Penang Skills Development Centre, cafes corporate offices and shops. Penang World City is also close to the Queenbay Mall and Bukit Jambul Complex.Penang World City is easily accessible via the Tun Dr. Lim Chong Eu Highway and it is also within a great proximity to the Penang Bridge and Penang Second Bridge. Besides the perfect visibility from the land, Penang World City also has great visibility from the sea as it sits nearby the ocean. The Penang Ferry Terminal is also only mere kilometers away from Penang World City.
Property Details
Name: Penang World City Address: Off Tun Dr. Lim Chong Eu Highway, 11900 Batu Uban, Penang Developer: Tropicana Ivory Completion Date: 2019 (estimate) Type: Mixed Development Land Area: 102.56 acres Launch Price: From RM430,000Facilities
Parking Security Swimming pool Clubhouse Management office Sports entertainment Gymnasium Relaxation areaAnalysis
Tropicana Ivory is a joint venture between two well-known developers in Malaysia, Tropicana Corporation Berhad and Ivory Properties. These two developers aim to raise the development of Penang World City to international standards by crafting this magnificent seafront development. Some of the current developments by the developer are Tropicana Gardens, Tropicana Danga Bay, Tropicana Avenue, Tropicana Heights, The Wave @ Penang Times Square and The Latitude. Seeing how all these current developments have been designed with such tremendous architectures, there is a high hope that Penang World City will definitely bring a new world to Penang.As Penang World City is situated at a convenient location of Penang Island gateway, it will definitely attracts many of the expatriates that wanted to live luxuriously in Penang. Penang World City also expected a high value for capital appreciation so local investors as well as foreign investors can benefit from this great investment opportunity.Since Penang World City is a new project and the only on-going development at Penang World City is the Tropicana Bay Residences, there are not much information disclosed yet to the public. As of August 2014, the only launching price that is known is for the units at Tropicana Bay Residences, which starts from RM430,000.
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