fbpx

The Mezzo @ The Light City

July 19th, 2017 Leave a comment 中文版
the-meszzo-thelightcity

Picture for illustration only

The Mezzo, the first residential project at The Light City – a large-scale 32.76 acre integrated mixed-use waterfront development by  IJM Perennial Development in Gelugor, Penang. It is strategically located next to the Light Collection, just a mere minutes drive from Penang bridge.

This residential project comprises two 34-storey residential towers, offering 456 condominium units with various built-up sizes. It is expected to be unveiled soon.

More details to be available upon official launch.

Property Project : The Mezzo @ The Light City
Location : Gelugor, Penang
Property Type : Residential
Tenure: Freehold
Total Units : 456
Indicative Price : (to be confirmed)
Developer : IJM Perennial Development

Register your interest here

(This information may be used by the developer or their appointed agent to initiate follow-up communications with you on the project.)

Location Map:

Center map
Traffic
Bicycling
Transit

 

  1. Tat Sing
    July 20th, 2017 at 14:17 | #1

    Don’t special with the outlook. It’s look similar with Platino

  2. Lam
    July 20th, 2017 at 14:40 | #2

    looks so plain! how to sell high price?

    Even the Waterside Residence façade looks better.

  3. dave
    July 20th, 2017 at 16:41 | #3

    platino is a better choice, if you ask me.

  4. Lim
    July 20th, 2017 at 18:41 | #4

    They should built their signature building in this area

  5. ashh
    July 20th, 2017 at 21:30 | #5

    How much selling?

  6. brian
    July 24th, 2017 at 07:51 | #6

    Just when to their roadshow…. there is only 2 type of size, 1000 and 1300. Their targeting to sell at 1K per sqft.

  7. worth
    July 24th, 2017 at 11:01 | #7

    The price is worth for this location or it is too expensive?Lots of ppl buy?

  8. light
    July 24th, 2017 at 14:04 | #8

    brian :Just when to their roadshow…. there is only 2 type of size, 1000 and 1300. Their targeting to sell at 1K per sqft.

    Wow, 1K sqft! Property market recovering?

  9. brian
    July 24th, 2017 at 14:40 | #9

    @light

    Hahaha, Agent seem confident he will sell at that price. Reason given, Direct true seaview and nothing infront….

  10. laukau
    July 24th, 2017 at 16:26 | #10

    IJM priced it at 1k psf not because they think it’s worth 1k psf. If they price it lower than 1k psf, then get scolded by the light phase-1 buyers for pricing lower than what they paid many years back. If they price it above 1k psf, then cannot sell at all coz too expensive. that’s from the perspective of pricing. If you ask what is the “intrinsic value”, a savvy investor would only put it at ~750 psf.

  11. SamuiGirl
    July 24th, 2017 at 17:05 | #11

    Hi, i book Queens Residences with direct sea/pool view, RM1K psf, Size is 1200sf n 1400sf. I willing to pay it with matured Queensbay Mall n future Pulau Jerejak projects. Very exciting.
    I think Queens Residences much better due to it have many road direct fly over to Queensbay Area. The Light City, u got to suffer heavy jam at Udini Road for come in or go out from The Light City !! No way for me to buy The Light

  12. Katy
    July 24th, 2017 at 19:55 | #12

    Oh samuigirl, u shud sing my song, ‘the one that got away’

  13. CKS
    July 25th, 2017 at 01:11 | #13

    Hello Samuigirl, you,re buying at off season when price may have peaked for now. 1k per/sf is really nothing to shout about when you got in at peak. Property markets go through highs, lows and bubbles… while I dont hope for bubbles, common sense will tell it is not a sellers market now.

    Honestly, I would not pity The Light phase one buyer as it would make your purchase sort of a rip-off really. I hope this is not your first buy and you had in fact also gone in at peak seasons many years back. And if you had plan to stick around with Queens Residenses in the long term I would say great. If you are in for the short term, be prepared for hard landing. It’s very pathethic to be excited over Pulau Jerejak really, it’s anyone’s guess what could really happen next.

  14. laukau
    July 25th, 2017 at 07:37 | #14

    @SamuiGirl

    I agree with you Queens Residences location is better than Mezzo. IJM is also planning a mall here, but it is destined for failure. The intrinsic value of Queens is ~780psf. If you pay anything more than that, than you’ve got yourself a bad deal.

  15. Lam
    July 25th, 2017 at 09:50 | #15

    My fren bought Tamarind at 700psf (non-seaview) few years ago and get very excited too. Now he said looks like he enter at almost peak and there is nothing to be shout about too… hahaha

  16. QR
    July 25th, 2017 at 10:31 | #16

    Which group of consumer that The Light City want to attract? Foreigner? I think foreigner still prefer over Tg. Bungah site.

  17. J.A.M
    July 25th, 2017 at 10:33 | #17

    They must have proper planning to divert the traffic out from The Light City. Is that true got MRT/LRT over there? If yes, it will ease the traffic.

  18. sou
    July 25th, 2017 at 10:40 | #18

    Any buyer want to buy the property due to the convention center and mall?
    The mall is like UDINI SQ? That is failure project.
    As I know, IJM never build a successful commercial project except Maritime? Karpal Singh is very congested and hard to find car park.
    Hope LRT will stop by there.

  19. begtodiffer
    July 25th, 2017 at 11:09 | #19

    750 per sqft is what tamarind cost currently. anyone who can hold it know it will double in 10 yrs time.. this is property, long term investment. believe in the location and future growth..

  20. Foli
    July 26th, 2017 at 10:15 | #20

    The Light City have a better township planning than Queensbay area since it was under 1 developer. There are going to be lots of residence project around QBM like IDEAL, ASIA GREEN, TROPICANA IVORY, those all high dense in the future.

  21. Truth
    July 26th, 2017 at 17:54 | #21

    @begtodiffer
    Wah, double in 10 years time for Tamarind, it’ll cost >1.5M……….How about Quayside after 10 years? >4M?
    Just curious why some buyers still believe Condo’s price will increase by 2x, 3x etc. Those days had gone, please wake up. Those days condo were sold at RM200-RM300/sqft, how about now? You are considered lucky if you can gain >20% profit from your investment, that’s the truth for now & future.

  22. Durian Prince
    July 26th, 2017 at 18:21 | #22

    Do you think Marriott Residence deserved to be RM1600 psf ?
    If yes, why can’t Mezzo and Light properties be same or higher ?

  23. rex
    July 27th, 2017 at 07:23 | #23

    @Truth

    Not only the price increase of condos will slow down, same goes for landed. But I think small condos in tanjung tokong has big potential as they are really dirt cheap to foreigners, seriously unbelievably dirt cheap.

  24. Lees
    July 27th, 2017 at 13:20 | #24

    The Mezzo is freehold or leasehold?

  25. Lam
    July 31st, 2017 at 14:05 | #25

    Durian Prince :Do you think Marriott Residence deserved to be RM1600 psf ?If yes, why can’t Mezzo and Light properties be same or higher ?

    Marriott Residence by BSG is target for ‘waterfish’… rm1600psf hahahahah.

    You can get better bigger super condo at that Gurney millionaire row with lower PSF price.

  26. Durian Prince
    August 2nd, 2017 at 12:37 | #26

    @Lam

    Pls recommend ? There is some new stuff coming up near Gurney Paragon ?

    Heard over 90% sold out in M.Residence to water fish already, not bad lah.

  27. Prince
    August 19th, 2017 at 23:41 | #27

    Just check, Mezzo will price RM900 to RM1000 with all 4 blocks partial facing seaview. Advantage is it direct link to future shopping and conventional hall. lacking is, it os still very far, about 700m from future The Light LRT station, in front of E-Gate. Too far to walk.

  28. Lam
    August 20th, 2017 at 13:21 | #28

    700m to future LRT station is no big deal, provided the walking path is pedestrian friendly and covered.

    if no covered walkway, try walk 100m under the hot sun you also sweat like hell already!

  29. Nelly
    September 7th, 2017 at 12:11 | #29

    Land getting less and population growth. They should reclaim land from Penang Island until Seberang Perai. Then, we have much bigger land for more houses and development. Also save cost to build bridges. Between the reclaim land below can have tunnel to let fishes swim across. Don’t just think for 20 years. Look ahead 500-1000 years !! Eventually it would !!

  30. Ironman
    September 12th, 2017 at 16:16 | #30

    Check the population growth in Penang first before punting.
    If you guys are buying for staying, forget the valuation but if its for investment, you have got to see how many projects (providing how many residential units) in the pipeline and existing projects (completed). Currently over supply like no one’s business… high end is still north (TT/TB side of Penang,… especially for tourist/foreigners…. local mostly target south… take sungai ara for example, its crazy… I think it will take 10 years just to fill what’s available now (assuming no new project). RM1.6k per sqft is future price to the max. forget flipping let alone rent.

  31. Bryan
    October 14th, 2017 at 02:34 | #31

    The Light Investor Owner Problem.

    1. wanna rent out, cant rent at reasonable price even foreigner
    2. If for high post foreigner tenant, still many others better condo can choose at the same price
    3. if for local tenant, the rental better use to pay for the medium condo installment
    4. For those holding power not enough strong, wanna sell no body buy, want convert to temporally home stay management not allowed, pay the installment and maintenance fees pun problem
    5. very soon later, sure have many unit kena lelong if market still no improve
    6. once the news like this spread out, the new phase project selling point sure will effected
    7. Its because mostly of The Light owner is for investment, not for own stay.

    Suggestion;
    IJM need sacrifice some area and cost to do something fair to The Light Investor to reactive the lively/exciting/crowds for The Light City start the partial/minor commercial lot really like waterfront city/ look special in penang 1st before start the new project like Waterside and Mezzo. Because many The Light resident or investor cant wait for their coming commercial project done many year later. It can be some iconic art/ landmark building/sea side gardening and create some night life especially or modern food street or family friendly week end gather area (can included small simple garden by the sea for family camping side even with enter fees) or some country cultural street or any others creative idea that open for public. This all not only can stimulate for The Light project but also will help in the coming project selling point. What will happen if after done Waterside and Mezzo, The Light City commercial phase project facing some problem and pending for another 10 years. For those project nearby QBMall, at least investor got some guarantee for the ready crowded area like bay avenue and QBay shopping mall.

    Noted;
    Above is my personally simple and purely comment from what i m thinking to sharing, since i also not the big prayer or professional in this field.

  32. Bryan
    October 14th, 2017 at 02:42 | #32

    @Durian Prince

    I heard that this project is only open for those VIP person / big group that related to BSG. This is their marketing strategy and purposely for goreng the market

  33. Beckham
    October 19th, 2017 at 09:08 | #33

    Bryan :
    The Light Investor Owner Problem.
    1. wanna rent out, cant rent at reasonable price even foreigner
    2. If for high post foreigner tenant, still many others better condo can choose at the same price
    3. if for local tenant, the rental better use to pay for the medium condo installment
    4. For those holding power not enough strong, wanna sell no body buy, want convert to temporally home stay management not allowed, pay the installment and maintenance fees pun problem
    5. very soon later, sure have many unit kena lelong if market still no improve
    6. once the news like this spread out, the new phase project selling point sure will effected
    7. Its because mostly of The Light owner is for investment, not for own stay.
    Suggestion;
    IJM need sacrifice some area and cost to do something fair to The Light Investor to reactive the lively/exciting/crowds for The Light City start the partial/minor commercial lot really like waterfront city/ look special in penang 1st before start the new project like Waterside and Mezzo. Because many The Light resident or investor cant wait for their coming commercial project done many year later. It can be some iconic art/ landmark building/sea side gardening and create some night life especially or modern food street or family friendly week end gather area (can included small simple garden by the sea for family camping side even with enter fees) or some country cultural street or any others creative idea that open for public. This all not only can stimulate for The Light project but also will help in the coming project selling point. What will happen if after done Waterside and Mezzo, The Light City commercial phase project facing some problem and pending for another 10 years. For those project nearby QBMall, at least investor got some guarantee for the ready crowded area like bay avenue and QBay shopping mall.
    Noted;
    Above is my personally simple and purely comment from what i m thinking to sharing, since i also not the big prayer or professional in this field.

    Do you think you are smarter than the IJM Marketing team ? Commercial come first bla bla bla, you talk as if you are Hong Kong Lee Kah Seng ? Commercial without economy of scale who going to run business there ? Which anchor tenant will come in without population ? common sense wei.

  34. rongrong
    October 19th, 2017 at 13:27 | #34

    @Bekham

    Actually, IJM marketing team is not that smart, it’s just that the waterfish who bought all those useless condos there are just stooopider than them, as well as all those who were critical of IJM’s unscrupulous marketing tactics. cheers!

(You can also Login/Register to submit your comment using unique ID)


Comment Guidelines
  • Avoid political discussion.
  • Comments with inappropriate wordings or personal attack may be moderated or deleted.
  • Developer must register before comment. All anonymous comments claimed to be from developer without registration will be deleted.
  • All advertisement in the comment will be deleted. Please contact us for advertising details.


Related Properties for Sale/Rent @
Advertise your property at PenangPropertySale.com and it will be shown here. (Only listing with photo)

To advertise your property in this page under "Classified Ads":
 1. Submit your property at PenangPropertySale.com, it's FREE!
 2. Remember to select "The Mezzo @ The Light City" as the [Related Project]
 (Please do not advertise your property in the comment)
Like us on Facebook