The Light Collection II
It begins with the Penang essence which has drawn and charmed generations of visitors. It is distilled from the colourful convergence of diverse cultures on Penang’s waterfront – an eclectic mix of Malay, Chinese, Indian, Nonya Baba, Jawa-Peranakan and European traditions, architecture, food and festivals. The Penang essence is not to be found anywhere in the world.
In THE LIGHT, the Penang essence prevails, inspiring fresh interpretations of the island’s endearing appeal.
Today, Penang’s waterfront is a favourite haunt for families and friends, morning, noon and night. Cool, evening strolls, visits to eating stalls here, or simply being there to watch ships and yachts go by are a national pastime. The magnetic allure of Penang’s waterfront and the lure of water will be made to beckon even more strongly by THE LIGHT.
By having one-third of the area actually covered in water; the Pier-like buildings of THE LIGHT COLLECTION II truly seem to be a float. Resembling a hand reaching out to touch the sea, the wharf-like Pier Apartments radiate like outspread fingers opening up to enjoy the best-possible light and marine-view from all three sides.
Property Project : The Light Collection II @ The Light Waterfront
Location : Off Coastal Highway, Gelugor
Property Type : Luxury Condominium
Land Tenure : Freehold
No. of Blocks : 5
No. of Storey : 7
Built-up Area : 517 – 3,617 sq.ft.
Total Units : 297
Developer : IJM Land Berhad
Website : www.thelightwaterfront.com
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I managed to buy a studio unit and have never felt happier. The reason being that IJM is a trusted & reliable developer and I am confident that The Light will be a successful project and will be the Address in Penang in time to come.
I am sure that the value of the Light will appreciate significantly and this area will be full of lively activities. The residents will marvel and enjoy all the facilities offered. It will be the talk of the town and I would encourage successful buyers to keep it for long term appreciation. I would not be surprised that those sea facing studio units will touch RM1 million.
I have a mix opinion on this. I think the value will definitely appreciate, but I’m not sure if it is easy to find a buyer.
Well, latest advert in mudah properties as of 27 July 2011 indicates that a studio unit of 614 sq ft (517 + 97 garden) is RM 680k. Note that this is not even a sea facing studio. This is priceless in the near future when IJM completes the commercial section.
The initial launching price for the studio units was >=700psf, almost 50% of them were already being pre-booked by either own staffs or investors before open to public. People queued 5 days earlier, and all snapped out within 1 hour by the first `20 people (limit to 1 studio per person). The perks are all units come with 2 car parks, save maintaince fees (high at 0.38sf) from smaller built-up and yet get to enjoy all the shared facilities within the light point-collection precinct (>5 swimming pools, gyms, and coral reef, sky launge etc) as the rest of owners who easily paid >800k. Immediately after a week there were poeple offer to let go at `800psf to clinch a quick profit, not sure if any taker. And now asking for >1000psf, this is kinda crazy. Base on the common practice by IJM, they will price their property at 30% higher than initial during Bumi release, should be looking at ~900psf, >1000psf is deifnitely over-demanding. If the commercial portion really take-off and success, price will certainly boom again.
Wah! I have been watching the development of The Light closely and noted that Phase 1 is going on smoothly. There is no doubt that IJM will deliver what they have promised. Upon the completion of the commercial portion, this area will definitely a shining gem in the Pearl of the Orient. Even The Light Linear price has appreciated greatly and it is due to handover to the buyers in the third quarter of 2012. I bet the going rate at that time should be > 800k for those above 10 th floor level.
I reckon this is the place to retire. The view is fantastic with the iconic Penang Bridge at the background. What a view when the Bridge is lighted up at night. I understand that upon completion of The Light, there are many water features teeming with ornamental fish such as Koi species. The environment is holistic, idyllic and a perfect setting after a hard day of work. I may consider investing in this property which has been dubbed to be the best waterfront in South East Asia. I believe and trust IJM will accomplish this promise as they are trustworthy and with high integrity as proven in its track record.
Not only with ornamental fish in the numerous water features in The Light. If I am not mistaken, about 2 acres of the sea fronting The Light has been designated for the breeding of corals and this area will be lighted up at night. I am not sure of the status of IJM’s engagement of Australian specialist on this assignment. Can someone update me on this?
If this materialise, this is the only property developnment area in Malaysia to have corals and it is just fantastic besides the proposed wind generating energy structures (something like windmill) prominently constructed with the magnificent Penang Bridge as a background. What a paradise!!
Interesting… Based on the nature of Penang’s super crystal clear water, I bet IJM can put up fancy lighthing to showcase the corals at night? Very interesting…..
heard IJM will be putting up 2 yatchs (or boats?) for The Light residents to rent. Sounds luxury, perhaps somebody can confirm this. It would really be terrific to imagine being an owner and able to invite few friends and relatives for a weekend partying in yatch, with plenty bikinis and red wines to savour..really cool..a tycoon kind of pass-time and you do not need to be one to enjoy it.
cheapest unit still available?
@Kee
you are referring to the studio? No more of course, people queued a week earlier and snapped out within hours after the launch. I do see people letting go for subsale, but asking a crazy 1000psf.