The Promenade

June 15th, 2012 Leave a comment

The Promenade, a mixed development by Lion Group, strategically located within the established township of Bayan Baru, Penang. Comprises 2-5 storey retail shops amounting to 37 units at its base, called The Promenade and 336 units of designer suites called The Promenade Residence. This development is next to Hotel Seri Malaysia and D’Piazza.

The 37 units of commercial lots comprise:

  • 4 units of 5 storey shoplot (Lot 1, 15, 16 and 19)
  • 2 units of intermediate 5 storey shoplot (Lot 17 and 18)
  • 13 units of 4 storey shop lot (Lot 2-14)
  • 17 units of 2 storey shoplot (Lot 20-36)
  • a semi curvature unit at 5th floor (Lot 37)

The 7th floor to 27th floor are residences serviced by 5 lifts including 1 service lift.  All units are internet-enabled (high speed broadband), Astro Beyond cabling, complete with internal air conditioning piping and instant water heater.  There are 16 units of designer suites per floor with 9 different floor plans.

  • Type A: 42 units 847sf (2 bedrooms)
  • Type B: 21 units 855sf (2 bedrooms)
  • Type C: 21 units 979sf (2 bedrooms)
  • Type D: 42 units 977sf (2 +1 bedrooms)
  • Type E: 63 units 1,011sf (3 bedrooms)
  • Type F: 42 units 1,111sf (3 bedrooms)
  • Type G:  42 units 1,294sf (4 bedrooms)
  • Type H: 42 units 1,525sf (4+1 bedrooms)
  • Type I: 21 units 1,651sf (4 + 1 bedrooms)

1 car park is allocated for each unit and additional lots can be purchased from RM25,000-RM28,000.  Maintenance fee is proposed at approximately 30sen psf including sinking fund.

Project Name : The Promenade Residence
Location :
 Bayan Baru, Penang
Property Type : Mixed Development
Built-up Area : 847 sq.ft. onwards
Total Units: 336 (Residential), 37 (Retails)
Land Tenure : Leasehold
Developer : The Lion Group and T.J. Group
Indicative Price : RM350,000 onwards

Marketing Agents:
  • 012-439 8359 (Ivan Tan)
Image Gallery

Contributed by reader – 09/11/2012


Contributed by reader – 28/03/2013


Contributed by reader – 16/05/2013


Contributed by reader (Update 03/04/14)

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  1. Buyer F
    June 3rd, 2014 at 17:37 | #1

    The Promenade Residence starts from the 7th floor to 27th floor.
    So, 27th is the highest floor.
    Do you interested on 27th floor?

  2. daniel
    August 15th, 2014 at 15:27 | #2

    Hi anyone know that is the comercial title can be convert to residential? i heard that 1 world had been converted to residential title. is that true?

  3. Chew
    August 15th, 2014 at 15:36 | #3

    @daniel yes, but utility is still commercial rate 😛

  4. Buyer F
    September 1st, 2014 at 17:21 | #4

    Can anyone please share the worksite status? Multi level car park complete? how many floor complete now? Thanks.

  5. Mr Wong
    September 22nd, 2014 at 11:08 | #5

    any available unit? im interested to get 1. whats the price now?

  6. Buyer F
    September 22nd, 2014 at 12:53 | #6

    Hi Wong, because got DIBS, most of the owner won’t sell it until the OC pass.
    But i saw one post in Propwall 980sf selling on 585k.
    If owner sell now, we have to pay 2% bank penalty and 3% Penang state gov penalty.
    So, this 5% will actually add into the selling price.
    the more gov charge the vendor the higher price buyer need to pay.

  7. Buyer F
    November 20th, 2014 at 17:02 | #7

    Hi all, anyone get the rebate from developer?

  8. BuyerC
    November 20th, 2014 at 19:55 | #8

    Do u mean the DIBS rebate?
    I received it and auto-rebate from my housing loan acct

  9. Buyer F
    November 21st, 2014 at 11:01 | #9

    Hi C, my loan just release. so i am not paying my loan yet.
    I’m talking about the 5% rebate from Developer.
    Anyone of you get the 5% rebate?
    How is the work site status? Long time didn’t go there.
    Anyone can share the work progress update? Thanks.

  10. interested
    November 22nd, 2014 at 12:49 | #10

    hi. any idea if there’s unit left? TIA

  11. Ananth
    November 22nd, 2014 at 13:21 | #11

    Hi buyers,
    Recently i have purchased a unit at promenade. My unit has 3 car parks. Just married, n only two of us so i don’t need the extra car park. Would like sell the car park to interested buyer. The car park cost will be rm33k. Willing to nego for serious buyer. Plz contact me if interested : 016-4227704.

  12. BuyerC
    November 24th, 2014 at 15:33 | #12

    Sell car park before obtaining the Car park? Is the developer allowing to do this?

  13. Buyer F
    January 5th, 2015 at 10:25 | #13

    Hi all, Happy New Year 2015.
    Anyone haven’t receive cheque from developer?
    I already wait for few months, not yet get the cheque.

  14. Seller
    January 27th, 2015 at 13:17 | #14

    Hi all, I wanna sell my unit. floor 27, 1111sf, 2 car park. 689k.
    anyone interested? refer to Mudahcom “The Promenade Suite”. TQ.

  15. Eric
    January 28th, 2015 at 11:03 | #15

    Hi Ananth, are you sure that you can sell your car park? How to transfer it?? Developer allowing?? I am interested. please contact me. 012-585-338.

  16. BuyerH
    January 28th, 2015 at 13:16 | #16

    @Seller, why want to sell?

  17. interestedBuyer
    March 25th, 2015 at 09:48 | #17

    Hi all,
    May i know the estimated completion time for this project? 2016 or 2017?

  18. Buyer F
    March 27th, 2015 at 12:45 | #18

    Hi InterestedBuyer, according to S&P, the completion date at the end of 2016.
    Normally will complete early if everything run smooth.
    We went there last month, the multi-level car park is complete.
    Now they start build the residential unit.
    My unit want to sell, cause we move to oversea.

  19. Buyer
    March 30th, 2015 at 11:06 | #19

    Feb status, Multi-level car park complete.
    According to S&P, completion time is end of 2016.
    Anyone have the recent update or photo?
    How is the speed of the progress?
    Please share your information, thanks.

  20. Buyer
    April 13th, 2015 at 21:32 | #20

    Hi, anyone like to sell the car park?

  21. Buyer F
    April 17th, 2015 at 15:54 | #21

    Ananth wanna sell their car park. you may contact them. find their contact from old comment.
    Can anyone share the latest site photo? How is the work progress? Fast? Tq.

  22. Buyer
    May 5th, 2015 at 10:47 | #22

    Hi, anyone know the work progress? How many floor is ready now?
    I ask sale officer, they told me the Residential unit won’t kena GST during next SPA.
    Any opinion? Thanks.

  23. Buyer
    May 11th, 2015 at 10:57 | #23

    Hi all, the discussion and feedback in this page seem slow.
    Yesterday we wend to the site, the progress seem slow.
    Last visit on Feb, build up to Level 7, now still Level 7.
    What happen to the developer? Progess seem slow.
    Any know the reason or any news to share? Thanks.

  24. BuyerH
    May 11th, 2015 at 16:33 | #24

    Yes, the progress seen slow. What type of unit you have there? Anyone already receive the rebate and deposit refund?

  25. Buyer
    May 13th, 2015 at 14:50 | #25

    Hi BuyerH,

    I received the rebate last 6months.
    You better check with them, once your bank loan release to developer then you can ask the rebate from developer. It will take 2 to 3 weeks for KL office to prepare and send to Penang sale office.
    Yes, progress really slow. I can’t believe it, anything happen and cause the work slow?
    Other developer took 2~3 weeks for 1 floor.
    Since Feb until now the building remain same floor.
    What is going on? Everthing seem slow since the first day i book.
    SPA slow; rebate slow; building progress slow…..
    Lost confident to them. I thought Lion group is big!!!

  26. BuyerH
    May 14th, 2015 at 13:10 | #26

    Just call this morning and excuse given not enough accountants to prepare the cheque at KL head office. Asks you to contact KL office and don’t know when can ready. Loss confident and trust…
    Can cancel the S&P after loan released?

  27. Buyer
    May 15th, 2015 at 09:08 | #27

    Hi BuyerH,
    If can cancel the SPA, I wish too.
    Now u can’t even sell the unit before OC pass.
    Not enought accountants or not enought money?
    Better not enought accountants otherwise the construction will stop.
    U may ask them to provide you a date when they can issue the cheque.
    Keep on follow up or you wait forever =)

  28. BuyerH
    June 13th, 2015 at 15:06 | #28

    Rebate have been received and current floor constructed up to 8-9 level.

  29. Vincent
    June 29th, 2015 at 09:23 | #29

    Promenade is very good for investment. Like all investment products, the longer it ‘mature’ the more valuable it will be. As such I think it is a good thing if it complete later since property market is soft at the moment. Based on market value 1566sft and 1650sf are going for above 850K these days. By next year it can easily touch 1mil when market recovers. Anyway this is my personal experience being a long time investor.

  30. BuyerF
    June 29th, 2015 at 10:31 | #30

    Hi Vincent, thanks for your sharing.
    But Promenade is List-Hold compare to neighboring condo which is Free-Hold.
    May I ask for your comment on this?
    For me, the selling point is 1 block building and the shop-lot in front is not attach to condo.
    More privacy and secure .
    Since the shop-lot is independent and it can turn to Bank or government office, but depend the available carpark also.
    My understanding the property in Bayan Baru / Bayan Lepas is over supply until 2020.
    What is your comment, please share. thanks.

  31. Vincent
    July 1st, 2015 at 11:01 | #31

    Hi BuyerF,

    To go into detail, maybe u can consider attending my seminar :)..anyway I guess self-advertising isnt allow here lol…..Anyway suffice to say investing in a property (be it for self-stay or resale, always look at it as an investment) no longer has significant bearing on leasehold or freehold unless you are talking about leasehold is less then 20 years. Just look at D’piazza (freehold) and 1 Sky (leasehold) you can see why value of 1 Sky almost doubled comparatively. The more important consideration is the quality, layout, density and location. (1 SKY is sandwiched in between SPICE and Paragon2 by Hunza).

    As for being over-supply, my take on this is actually under-supply. There is a huge market from buyers and tenants working at Penang Free Trade Zone. When you factor in the traffic congestion now and by 2020, you will wish that you had purchased a property in Bayan Baru instead. Just look at the property value and demand in Bayan Baru 10 years ago and now. Rgds

  32. Buyer C
    August 11th, 2015 at 10:42 | #32

    Just want to confirm will the next bank loan release (after 1st Apr) subjects to additional 6% GST?

  33. Jason
    August 14th, 2015 at 18:54 | #33


    I am looking for ground floor shop lot – preferable small unit.
    I am not agent.
    Contact 019-4908032. Thanks

  34. Buyer C
    August 17th, 2015 at 14:08 | #34

    Hi Jason,
    Why u choose promenade shop lot but not the Elite Avenue?

  35. BuyerF
    September 19th, 2015 at 11:33 | #35

    Hi all,
    Anyone know how is the work progress now?
    Which floor is complete? Progress seem slow than my expectation.
    Thanks for sharing.

  36. Buyer
    September 28th, 2015 at 09:38 | #36

    If not mistaken they are building concrete slab for 15th floor currently…

  37. BuyerF
    October 12th, 2015 at 15:22 | #37

    Hi Buyer, thanks for the useful information.
    Anyone know when is the deliver date, mean OC pass date?
    End of 2016? Thanks and have a great day.

  38. BuyerF
    October 12th, 2015 at 15:31 | #38

    Hi all, I just called sale office, from their information.
    Current floor is 14.
    This condo total 27-Floor. Will complete August-2016.
    Mean still have 13-Floor to build in the next 10 months. Thanks.

The Promenade
Marketing Agents 012-439 8359 (Ivan Tan)
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