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Driven by a strong revival in tourism, rising commodity prices and robust external demand for semiconductor exports
The US-China trade war, coupled with China's prolonged border closures during the COVID-19 pandemic, has led companies to seek diversification and security in their supply chains. This trend is particularly evident in the semiconductor production sector, with Malaysia emerging as a favored destination. Malaysia contributes 13% of the world's semiconductor supply, with Penang alone accounting for 80% of this output.
Asia's major exporter of oil and the world's second largest palm oil exporter
Former British colony
English is used in legal agreements
According to Knight Frank APAC's H1 2023 report, Penang experienced a notable 5.78% year-on-year increase in property prices, trailing only behind Singapore, which recorded an 8% year-on-year growth.
Contributing 10% of the global semiconductor supply
Over 350 MNCs and 4,000 SMEs in operation
In 2021, Intel invested a further USD7 billion to expand their existing presence in the Bayan Lepas Free Trade Zone.
Making Penang the fastest growing economy in the country
59％ Chinese ethnic population on Penang Island
Expansion of Penang International Airport (RM1 billion)
Penang Transport Master Plan (RM46 billion)
George Town, Penang's administrative capital, designated as a UNESCO heritage site since 2008.
Draws approximately 7.5 million visitors annually.
Accounts for 50% of Malaysia's medical tourism revenue.
The only project in the city permitted to incorporate the "P" for Penang in the project name
As part of the Penang state government's strategic vision outlined in the "Penang 2030" initiative, the plan is to direct development efforts towards the Southwest District of Penang Island, notably Bayan Baru and Bayan Lepas, where PICC is situated.
PICC is adjacent to the Bayan Lepas Free Trade Zone (over 100 MNCs & 3,000 SMEs in operation), the Penang Golf Club, and the Convention Centre.
Comprising of residences, shopping mall, F&B boulevard, central park, A-grade offices, 5-star hotel, and medical center
Other innovative features include mobile app booking for healthcare facilities, smart public lighting, parking management, digital wayfinding, and predictive maintenance for building management to optimize operations.
10-min drive from Prince of Wales Island International School, Straits International School, Fairview International School, Wesley Methodist School Penang, and Uplands
Including a sky lounge, outdoor swimming pool, pool bar, aqua gym, sunbed lounger, half--court basketball etc.
Senze utilizes a smart home control system for managing security and lifestyle aspects.
Each apartment includes a smart door lock, motion sensor, voice control, and an app for controlling air conditioning, audiovisual equipment, lighting, and fans.
Building-wide smart functionalities encompass an automatic number plate recognition system, smart locker, digital lifestyle management app, and more.
With a history of over 45 years and over 20,000 residential & commercial properties completed to date. The company has greatly contributed to the transformation of Penang’s skyline, boasting its flagship development, the Gurney Paragon Mall waterfront complex on Gurney Drive.
After-sales service provided by the developer, including leasing, re-sale, maintenance, butler service, airport pick-up, etc.
Jade Land Properties (HK) Limited 翡翠島物業(香港)有限公司 and the respective vendor give no warranty as to the completeness or accuracy of the information contained herein. Travel times are approximate and are sourced from Google Maps. The selling price is correct at the time of printing. The information contained herein does not form part of an offer or contract. Prices and details are correct at the time of publishing. Our sales representative for overseas property work exclusively in relation to properties outside Hong Kong and, unless stated otherwise, are not licensed under the Estate Agents Ordinance to deal with Hong Kong properties. Property No.: JL0003. Date of Advertisement: 28 June, 2019. SPOB No.: C-057255-A000. Agent: Jade Land Properties (HK) Limited. EAA Licence No.: C-057255. Place of business: Unit 701, 7 Floor, Winway Building, 50 Wellington Street, Central, Hong Kong. Purchasing uncompleted properties situated outside Hong Kong is complicated and contains risk. You should review all relevant information and documents carefully before making a purchase decision. If in doubt, please seek independent professional advice before making a purchase decision.
© 2022 Jade Land Properties (HK) Limited. All Rights Reserved. | EAA License No.: C-057255 | Privacy Policy | Disclaimer