7 Upcoming Projects at George Town (2017/2018)
The scarcity of land has been and will continue to be a challenge in Penang Island. This is particularly true in George Town where some development land were transacted at more than RM1,000 per sq.ft. Here are a few upcoming development to lookout for in 2017/2018.
A proposed residential development at George Town, Penang. Strategically located on a half acre land along Jalan Cheah Choo Yew, easily accessible via Jalan Patani. It’s only 10 walk form Penang Times Square, about 2km drive to KOMTAR.
Mixed development scheme on a 5-acre land along Swatow Lane in George Town. The site is currently occupied by New World Park, a famous food court with more than 30 food operators and retailers.
Runnymede Group (Runnymede Bay)
5 acre seafront development along Jalan Sultan Ahmad Shah in Georgetown, Penang. Strategically located next to Menara KWSP, only 5-minutes walking distance from E&O Hotel. The proposed development will feature a mix of hotel and commercial properties, to be completed in two phases.
Tanjung Villa Development Sdn. Bhd. (Sandiland Foreshore)
Strategically located at along Lintang Macallum 2 in Georgetown, just a stone’s throw away from Sandilands condominium by Heng Lee Group. This development will see the construction of a 48-storey building, featuring a mix of commercial and residential properties, including affordable units.
A luxury residential development in the heart of Georgetown, Penang. Strategically located along Jalan Logan, next to Villamas condominium. It is also adjacent to the ongoing project by Tropicana Corporation Bhd. – Tropicana 218 Macalister. This 28-storey residential development comprises 48 luxury condominium units, with only 2 units per floor.
Aspen Group (Beacon Executive Suites)
The latest addition to landmarks in the heart of George Town by Aspen Group. Strategically located along Jalan Sungai Pinang, this freehold development comprises 227 units of executive suites with standard unit size of 980 sq.ft. and a state of art roof top bar & lounge.
Mah Sing Group (Icon Residence @ Penang)
Located along Pykett Avenue, close to Penang’s most famous street, Gurney Drive. This development comprises of two residential towers (24 & 30-storey) with rooftop garden, featuring 294 units with breathtaking views of the heritage city and the sea.
Register your interest here, we will keep you posted with latest updates on these projects
What are the on-going projects at George Town?
There are a lot of on going projects in Georgetown. Those named above are not the best buys, just that this blog owner gets paid for mentioning those projects.
Damn congested area lah !
Runnymede project Truini also cannot go. Mah Sing project already 10 years old still on-going. The others sure no eyes see d.
There could be an open tender for sales of these project land parcels.
Let other players take over!
Could Penang State release similar lists of projects by URA Spore:
Lists of approved projects
List of projects submitted
List of projects ….