THE Light Waterfront Penang, a sprawling development on the island’s eastern coastline, will be an iconic landmark hard to rival once completed in several years’ time.
Undertaken by Jelutong Development Sdn Bhd, a subsidiary of IJM Land Bhd, it combines visionary architectural concepts with eco-friendly elements, and offers inhabitants a unique, nautical-themed lifestyle.
It is currently being completed in stages, and was recently named the World Silver winner in FIABCI’s Prix d’Excellence Awards 2015 for the Master Plan Category.
IJM Land northern region senior general manager Datuk Toh Chin Leong said a key feature is the coral waterways teeming with marine life which meander through the all-residential phase 1, which bring nature in and create a serene living environment.
Four of its six parcels, containing 1,177 units of upscale waterfront homes, have been completed.
They are The Light Linear, The Light Point and The Light Collections I and II.
“We still have several pier apartments left of The Light Collection II, which are ready for immediate occupancy. They are sized from 2,799sq ft onwards and priced from RM2.983mil.
“Of the remaining two components, The Light Collection III is complete and will be handed over by the third-quarter of this year, while The Light Collection IV is on target to be ready by the end of 2016,” Toh said.
They have been well-received since launch, and only a handful of the former’s duplex townhouses sized from 3,143sq ft onwards, and the latter’s water villas and condominiums at 7,018sq ft and 1,991sq ft onwards respectively, remain available.
These are priced from RM2mil to RM15mil, and will be featured at the Star Property Fair at G Hotel and Gurney Plaza from today to Sunday. Attractive home-ownership packages will be on offer.
Toh also announced the signing of a joint-venture agreement with Singapore- based Perennial Real Estate Holdings Ltd to develop 32 out of the 103 acres of phase II, the Commercial City.
This will see the construction of a large, 100,000sq ft convention centre capable of accommodating up to 10,000 people, which would in the future, host major concerts, events and shows.
“There would also be hotels, shopping mall, thematic shops, condominiums and office towers,” said Toh, adding that work is scheduled to begin next year, and would take five to seven years to complete.
“We want to turn it into a vibrant and iconic tourism hub. Penang lacks an integrated waterfront city like those of Hong Kong, San Francisco or Sydney. But soon we will have a jewel that all Malaysians can be proud of,” he added.
For more information, visit IJM’s booth at Gurney Plaza’s new wing during the fair from 10am to 10pm daily.