Penang International Exchange (PIX)
Penang International Exchange, a proposed commercial development by Ideal Property Group in Bayan Baru. Strategically located next to the intersection of Jalan Tengah and Jalan Mayang Pasir, near Pantai Hospital. This master planned development sits on a 16 acres land, comprises the land currently occupied by Giant Hypermarket and the adjacent vacant land. It is within walking distance to Sunshine Square and Bayan Baru wet market.
This development will see the demolition of the existing 2-storey building, for the construction of several high-rise towers and shop offices in multiple phases:
Parcel 1
- Tower A1: 39-storey serviced residence (589 units)
- Tower A2: 39-storey serviced residence (589 units)
- Tower B: 39-storey serviced residence (820 units)
- 3-storey shop offices (55 units)
Parcel 2
- Tower C: 27-storey office suites
- 3-storey shop offices (30 units)
Parcel 3 (Phase 1)
- 28-storey office suites
- 2-storey commercial lot at ground and first level
Parcel 4 (Phase 2)
- 50-storey affordable housing (Tower A – 348 units)
- 50-storey affordable housing (Tower B1 – 427 units)
- 50-storey affordable housing (Tower B2 – 427 units)
- 2-storey shop office
Project Name: Penang International Exchange (formerly known as Bayan Baru City Centre)
Location : Bayan Baru / Bayan Lepas
Property Type : Mixed development
Built-up Size: (to be confirmed)
Total Units: (refer to above)
Indicative Price: (to be confirmed)
Developer : Ideal Property Group
Register your interest here
Location Map:
DISCLAIMER: This article is solely based on research done using publicly available data. This is not an advertisement. Any claim, statistic, quote or other representation about a project or service should be verified with the developer, provider or party in question.
Gosh, traffic at that area will be getting worst. High density project. Got people will buy meh?
So high dense. Should be < RM400/sft.
Stay away from that jammed area….
This project will further boost development in Bayan Baru. Keep it up. Penang needs high end projects like this one.
The market now is practically dead !
再不把市场开放就是死路一条，拥在一起死啦 ！
Love it…bring it on,cant wait for it. Hopefully will be connected with monorail/lrt as well later
If you have seen Elite, Arena, Ideal world, D’Piazza, Crystal point, IAvenue, many empty lots and even the shop lots around Sunway Tunas are still empty !!!
Isn’t this a sign of no business investment is coming into Bayan Baru ? Not to forget there’s PICC and now THIS Jungle of High rises ?? Serviced Residence some more.
Although the project name have “Exchange”, unfortunately it was difference with KL “TRX Exchange” which have height at 100 storeys, Penang still conservative in the height of building.
Whether it is PICC or PIX it is nothing but a bunch of high risers. The big names don’t make the projects any better other than being more expensive. Everything also starts with Penang International… what is so international about it.
How about GIANT hypermarket? Will it still there?
I lost everything when I did something wrong in oversea 10 years ago. Now left a underwear
@Jackpg
Basically there’s no big investment coming in like what the name suggest. These people are just selling condo using big names that make it sound on par with KLCC and TRX in KL.
Not surprised if the shops ended up empty or only a few sundry shops/restaurants like Golden Triangle.
1st Question: why is it under serviced resident?
2nd Question: is this project gonna solve the flood issue around Bayan Baru area or even worse?
So few units only … Build more units, more towers, more shops !!!!
Good luck to Elite, Arena, Ideal world, D’Piazza, Promenade. Those wanna flip for capital gain in next 5-10 years in this area better think twice. PICC 3544 units and PIE 3200 units will provide good entry for new investors at bargain price for BRAND NEW condo.
Old condo will see stagnant and moderate decrease sales price( ~400k++) with decrease rental price!
PIX ??
hahahahha tankuku.com please….the surrounding price already matured….only good for own stay or rental (those who buy long time ago or even finish pay up the loan) only.
dont worry Andy, we only look at affordable home n suppress the poor so there is still potential price increase TQ
Parcel 4 (Phase 2)
50-storey affordable housing (Tower A – 348 units)
50-storey affordable housing (Tower B1 – 427 units)
50-storey affordable housing (Tower B2 – 427 units)
@JJ POP
Even affordable units are also very difficult to make money from, as there is plenty of supply. Imagine the kind of super high plot ratio our state gov is giving to developers, that means a huge supply can be built anytime anywhere (no matter how small the piece of land is).
And with the price of new affordable housing being “fixed”, it makes not sense for home buyers to buy from secondary market, especially for the southern area of Penang island, where plenty of land is still available in the vicinity to build new affordable homes.