Tuesday, 31 May 2011

Penang water-front projects

It is exciting to see so many water front luxury mega projects in Penang Island, though I can't afford anything there. There are 4 major projects all along the east coast of the island: Seri Tanjung Pinang in the north by E&O, The Light in the center by IJM, Queensbay in the south-east by CP Land, and Southbay in the south by Mahsing. Which is the best one?

    Seri Tanjung Pinang at Tanjong Tokong

    Seri tanjung Pinang: the future?

Queensbay project is the earliest which started since the 1990s' and has been abandoned once before. Now it holds the best shopping complex in Penang but the subsequent launch is slow. Seri Tanjung Pinang is steadily expanding. The Light is in full throttle, all phase 1 residential projects already launched and the construction site is busy. Southbay is currently selling the multi-millions bungalow and may need time to cut the hill.

    The Light masterplan

    The Light phase 1: residential

    The Light phase 2: mixed development

Location wise, The Light and Queensbay are between Geargetown and Bayan Lepas FIZ. Queensbay and Southbay are close to the FIZ and airport. Seri Tanjung Pinang is close to Geargetown & Gurney. Southbay is just next to the 2nd bridge, The Light is next to the 1st bridge, Queensbay is between 2 bridges and Seri Tanjung Pinang is no where near the bridges (but close to the proposed underwater tunnel). All are built on reclaimed land, except Southbay. Seri Tanjung Pinang is exposed to the threat of Tsunami, The Light is at high traffic and hot area, Queensbay is made fresher by Pulau Jerejak and Southbay is green on the hilly area.

    Queensbay masterplan

    Queensbay future sea-front project

Personally I think Queensbay has the most strategic location. The already largest & longest Queensbay mall may have a new wing. It is yet to launch its high rise office building just opposite the mall, which has an elevated pedestrian sky bridge connected to it. If I want to set up an office in Penang, I'd like it be to here. However, the developer is the least known.

    Southbay masterplan

    Southbay city: mixed development

There is one similarity for all these 4 projects: all are expensive!

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