Moulmein Rise is a freehold commercial & residential development located in the prime location of Pulau Tikus, Penang. The developers are Hero Leader, which is a member of the Belleview Group. The development is expected to be completed by Q2 of 2016.Moulmein Rise is housed within one block consisting of 27 storeys. Layouts of the units would range from having 3+1 bedrooms to 4+1 bedrooms, and built-ups would range from 1,787 - 2,228 sf. Indicative pricing for the Moulmein Rise starts at RM1,300, making one of the luxury suites priced at a minimum of RM2,500,000.In Moulmein Rise, levels 1 and 2 would be dedicated to shop offices whereas level 5 to 27 would be the residential suites. Half of level 2, level 3 and 3A would be dedicated to car parks for the suites, whereas LG would be the carpark for the retailers. There would be 200 parking lots allocated for the residential units, whereas the retail area would get 90 parking spaces. In Moulmein Rise, there would be three-tier security with card access, intercom system, CCTV surveillance and guarded patrol 24 hours daily. All the facilities would be located on level 5, where many a luxury facility can be found. Facilities include a 31-meter infinity lap pool, a jacuzzi, gymnasium, steam room, relaxation pavilion, barbecue pods and a maze garden.Moulmein Rise is centrally located, being just right beside the Pulau Tikus Wet Market. There are many hawkers located at the street right below, therefore food would not be much of an issue in terms of access. Schools nearby include the Penang Chinese Girl's High School, Convent Pulau Tikus, St. Christopher International School, and Stamford College. Paragon Gurney on Gurney drive is closest mall nearby. The nearest hospitas are the Penang Adventist Hospital, and the Island Hospital.The location of Moulmein Rise is right behind the renowned Gurney Drive. It is located off Jalan Burma which is one of the main roads of Pulau Tikus. The road intersects Jalan Macalister allowing easy access to Lebuhraya Tun Dr. Lim Chong Eu, which leads to the rest of Penang Island as well as the Penang Bridge.
Property Details
Name: Moulmein Rise Address: Pulau Tikus, Penang Developer: Hero Leader (a member of Belleview Group) Completion Date: Q2 2016 Type: Shop Office & Residential Suite Tenure: Freehold No. of Blocks: 1 No. of Storey: 27 No. of Units: 84 No. of Bedrooms: (3+1) - (4+1) No. of Bathrooms: 4 - 5 Built-up: 1,787 - 2,228 sf Launch Price: From RM2,500,000 (RM1,300 psf)Layouts
Type A 4+1 bedrooms + 5 bathrooms (2,228 sf) Type B 3+1 bedrooms + 4 bathrooms (1,851 sf) Type C 3+1 bedrooms + 4 bathrooms (1,787 sf) Type D 3+1 bedrooms + 4 bathrooms (1,819 sf)Facilities
3-tiered card access & intercom system Trained 24-hour security with CCTV surveillance 31M infinity lap pool Reflective pool Jacuzzi Kid's pool Relaxation pavillion Elevated landscaped deck Maze garden Garden lounge Playground area BBQ pod Gymnasium Steam room Multi-purpose hallAnalysis
The local community in the area where Moulmein Rise is being built is voicing their disapproval against the building of such a contemporary and modern building at the centre of the Moulmein residential area and the Pulau Tikus wet market. It is said that the developers managed to circumvent the more stringent laws required for approval of residential buildings by marketing the Moulmein Rise as a commercial development. Local residents say that the location itself is as busy as it is. The addition of a 27 storey sticking out of the rather old-fashioned neighborhood would stick out like a sore thumb. The construction would also create chaos in the already busy street with a wet market and full of hawker stalls. Despite the shortcomings of the development, it is able to command a price of RM1,300 psf due to the absolutely prime location and land scarcity in central Penang.
