The One

The One located on a 13.5 acre leasehold site at Bayan Lepas (Penang Cybercity), comprises smart serviced suites, corporate office suites, corporate retail units, terraced shophouses and bungalows. Besides commercial properties, The One would also house Malaysia's first technology museum.

The One signifies a new era in intelligent buildings - the marriage of technology and building sciences will benefit the population immensely as this is Penang's pioneering effort to join the growing number of high-tech buildings worldwide.

Phase 1, The 1-Square comprises 57 units of three-and-a-halfstorey bungalow shops and three-storey terrace shops, built around a central plaza offering 20ft-wide corridors.

The next phase being primed for launch is 1-Sky, a 29-storey tower offering serviced residences, corporate offices and 260,000 sq.ft. of retail space on the lower levels.

Also on the cards is 1-Broadway, a precinct that will accommodate 46 shops intended for fine and exquisite dining within a 55,000 sq.ft. three-storey block, and 1-Atrium, which will feature 112 retail shops in a three-storey block.

The 277,000 sq.ft. 1-Atrium is also envisioned to become an upscale bazaar catering to the needs of residents of the surrounding Bayan Baru area.

Other up-and-coming components are 1-World, a 23-storey intelligent office building with 260,000 sq.ft. of space; and 1-Zone, offering more corporate retail units and residential suites in a sixstorey block.

Property Project : The One
Location : Bayan Lepas, Penang
Property Type : Commercial (shophouses, office suites, corporate retail, serviced suites)
Tenure : Leasehold
Developer : Ideal Capital Intelligence Sdn Bhd


August 17, 2008 at 7:19 PMAnonymous

this project taking shape very fast now. the bungalow shops looks very promising also. any comment?

August 18, 2008 at 12:45 PMAnonymous

congested and highly dense project.

August 27, 2008 at 6:42 PMAnonymous

time sharing concept which is bad.
and not an ethic developer. no matter how well you package yourself, your past track records tell a thousand words.

- victim of their previous project

March 6, 2009 at 8:55 PMPenang Fan

Who is this unethical developer and what has he done to you to deserve flaming here? I agree the area is very congested and being leasehold I would think twice unless it is cheap. How much per sq ft? I think they are not selling hence the leasing.

May 10, 2009 at 11:46 AMUnknown

it is cheap but SEEMS like REALLY a Not so ethic developer!:(
my friend made a downpayment after only found out from her friend as below:
it has been mentioned once by the sales person that hmm this is commercial rate or etc

(which never further explaination)

here is what u gonna pay for this:-
it is commercial unit which means you pay 38% higher price on water and electricity bills for every months.

it is commercial unit thus u're not entitle to withdraw EPF for housing loan.

i am pity for those buyers who are not alert on this. my fren asked again personally and the developer only admitted on this..
she is withdrawing it now! (heard that the downpayment is refundable within the 2 weeks)

so now u know why this spacious condo cost an affordable price :(..pls share with your friends..

May 14, 2009 at 12:01 PMUnknown

"It is commercial unit thus u're not entitle to withdraw EPF for housing loan..."

But i've check the EPF webpage, the qualification of withdraw EPF account 2 included:

Terms Of Withdrawal
You are eligible to apply if you:

1. Buy a residential house (type: bungalow / terrace / semi-detached / condominium / apartment / studio apartment / service apartment / townhouse) or a shop lot with residential unit or a small office home office (SOHO) unit.

2. The purchase of the house is financed by:

(i) Housing loan from any of the following institutions:

• Financial Institutions licensed under the Banking and Financial Institutions Act 1989 (BAFIA);
• Central / State government or any other government financial agencies;
• Member’s employers;
• Cooperatives / Cooperative Companies with license (approved by Cooperative Development Department, Ministry of Entrepreneur and Co-operative Development)
• Licensed insurance companies as approved by the Central Bank of Malaysia;
• Loan providers as allowed by the EPF; OR

(ii) Cash.

3. The date of the Sale and Purchase agreement is not more than three (3) years at the time your application is received by the EPF.

4. You have never made a Housing Withdrawal; OR you have made a withdrawal to purchase your first house and have sold the house or disposal of ownership has taken place and now you intend to build your second house. Proof of sale / disposal of ownership of the first house must be submitted to the EPF.

5. You want to buy a house which has been acquired from a rental with a view of purchase agreement from a party authorised by the EPF.

6. You have bought a land and built a house on the same land simultaneously (dates of the agreement to purchase the land and the agreement to construct the house must be within 6 months).

You are not eligible to apply if you:

• Buy a land or a house lot only.
• Renovate, repair or do additional work to the existing house..
• Property ownership is not via sale & purchase transaction.
• Have taken an overdraft loan.
• Buy a third house.
• Buy a house in a foreign country

May 14, 2009 at 12:02 PMUnknown

See the first qualification: Home office also can withdraw...

May 17, 2009 at 11:41 PMUnknown

i hears all units in wing A and B has already been sold only a few units left any way i believe the location is superb for business and get together

August 13, 2010 at 11:48 PMUnknown

any info on terrace plus at the one???????? any unit available?????

June 24, 2011 at 4:23 PMJoel7

any info for the one condo selling price?

August 23, 2011 at 12:05 AMspicysun

To all owners of The One. Ideal property is into it's cunning mind again after CEO project. When you buy property from them, there is a clause that says,"Due to unforeseen circumstances, they have the provision of 6 months delay and need not pay you when VP is late". My project is late by almost 3 months and now they want to write to me saying that after 6 months after much follow up with them politely. Owners of The one please contact me at for further discussion. TQ