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The Rice Miller Hotel & Residences

April 9th, 2011 Leave a comment

The Rice Miller Hotel & Residences, a mixed real estate development in a UNESCO World Heritage Site in George Town. It consists of four adjoining parcels of freehold land on a 3-acre site by old Penang harbour — bounded by Beach Street on the west, the well-known “Banking Street” on the island and Weld Quay to the east. With just 99 units of private residences, The Rice Miller Hotel and Residence will be an urban oasis where life’s amenities are never more than a short walk away.


1. Rice Miller Residence I
2. Rice Miller Residence II
3. The Rice Miller Hotel
4. 1880s building to be conserved
5. Commercial block for banking & specialized services
6. Pier Market
7. Main Entrance & Security Check
8. Heritage Row 0 Event Centre with theatre facilities, Rice Miller Club, library, lifestyle pavillion
9. Landscaped courtyard

Property Project : The Rice Miller Hotel & Residences
Location : Georgetown, Penang
Built-up Area : 757 sq.ft – 3,473 sq.ft.
Units: 99 (Residence Units), 24 (Shop lots), 48 (Hotel rooms)
Developer : Asian Global Business Sdn. Bhd.
Indicative Price: RM 1,155/sq.ft. onwards


Categories: Georgetown, Property News Tags:
  1. Ken (Admin)
    Ken
    June 2nd, 2011 at 12:37 | #1

    I think this is the most expensive residence in Penang.

  2. Shuhaimi Mat Hashim
    December 27th, 2011 at 18:12 | #2

    i am interested to buy the residence unit of 1000 sq ft. Pls advise. Tq

  3. Lady Gogo
    March 7th, 2012 at 12:30 | #3

    Are they provide enough parking because this area is limited?

  4. Fake
    August 1st, 2012 at 22:17 | #4

    Was this launched already?

  5. Pinang Pisang
    March 7th, 2013 at 13:57 | #5

    Very quiet here…. no interest?

  6. TPI
    March 11th, 2013 at 15:53 | #6

    @Pinang Pisang
    Do you think those people who are able to own millions dollar property going to surf here?

    Here is for ikan bilis or kacang putih like us wasting time here….

  7. cheng
    cheng
    January 21st, 2014 at 01:32 | #7

    There’re still some units available.
    High end property, maintenance fee slightly high, set-back is no car park area.
    There’ll be another building opposite in plan to develop into multi storey car park.

  8. Liew
    Liew
    April 22nd, 2014 at 17:11 | #8

    The sales gallery is located at the Georgetown Chambers (2, China Street Ghaut) or just call them at 04 262 3818

  9. tomyam
    May 19th, 2014 at 16:00 | #9

    @cheng

    I like their design…
    Just the price is too far from the afforable range.

  10. taupok
    May 19th, 2014 at 17:40 | #10

    @tomyam

    friend, this is not for average joe one lah. it’s built for foreigners and rich locals.

  11. tomyam
    May 19th, 2014 at 19:46 | #11

    @taupok

    true also..

  12. Lol
    September 9th, 2017 at 21:24 | #12

    Still not completed? What’s going on? I am sure Late delivery compensation is going to cost a bomb.

  13. gum
    September 10th, 2017 at 08:58 | #13

    There is no late delivery compensation according to the s&p. Too bad, this is commercial project, not residential, it does not follow the standard schedule H regulation.

  14. Lol
    September 10th, 2017 at 17:36 | #14

    If it falls un HDA just like the Tamarind (commercial title also) then there will be Late delivery compensation

  15. gum
    September 10th, 2017 at 20:25 | #15

    @Lol

    Unfortunately not.

  16. Eric
    September 11th, 2017 at 10:53 | #16

    This project has gotten into problems and currently abandoned. Work has stopped for over a year already.

  17. Fufu
    September 11th, 2017 at 13:00 | #17

    @Eric

    What is the problem? Developer bankrupt? Or technical problem?

  18. ahfuhk
    September 11th, 2017 at 15:19 | #18

    This project is grandaughter play play with grandfather money. No idea one. Yi saai jouh ah.

  19. Eric
    September 11th, 2017 at 17:00 | #19

    @Fufu

    Cash flow issues i believe

  20. Eric
    September 11th, 2017 at 17:01 | #20

    Looking for investors to salvage the project

  21. Fufu
    September 11th, 2017 at 18:03 | #21

    Sounds like this will be an upscale version of Majestic Heights.

  22. Lol
    September 12th, 2017 at 06:05 | #22

    I am sure the bank interest from the loans alone will eat into their profits. If I am an investor I will let it go bankrupt then buy it from the bank at a much cheaper price. This project might never see the day of light provided if they strike a deal with the bank to repay back half the interest with a new investor coming on board but then again banks are no charity.

  23. William
    September 13th, 2017 at 11:45 | #23

    @Lol

    Banks have already appointed receivers and managers. I suppose the banks will have to take a haircut of some sort in order to make the deal profitable.

  24. JJ
    February 7th, 2018 at 20:10 | #24

    Hope there is a new plan on the way. It is a waste of space if it was abandoned.

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