1 Tanjong which represents Lone Pine Group of Companies’ maiden foray into the luxury super condominium market, is set for completion by 2013.
The group’s marketing and corporate affairs general manager Mabel Ooi said work on the two 41-storey towers was on track.
“We’ve incorporated eco-friendly features that reduce heat absorption as well as energy and water consumption and have applied for the Green Building Index (GBI) certification. The targeted completion date is two years from now.
“So far, response from both local and foreign buyers is good. We have potential purchasers from Singapore, Kuala Lumpur as well,” she said, adding that 1 Tanjong, a freehold project, was among a rare breed of luxury condominiums along the Tanjung Bungah beachfront in Penang.
“There is limited land along the state’s beautiful coastline. 1 Tanjong sits on the former Tanjong Country Club site, just beside Penang Swimming Club. Residents will have direct access to the beach,” she said.
Ooi said the project was developed for “resort style living”.
She said the group had studied the various super condominium projects in the region to ensure that 1 Tanjong was a step up from what is available in the market.
“With 1 Tanjong, we wanted to make improvements on complaints that we had heard from residents in other luxury living projects. For instance, the car park does not have a spiral ramp. You drive straight in so there is no risk of scratching your car,” she explained.
1 Tanjong comprises 147 freehold units, with each floor having only two units.
There are three layouts — a typical unit (4,760sq ft), penthouse (9,600sq ft), and top penthouse (18,600sq ft).
On the group’s Pine Valley Business Centre in the Paya Terubong township, Ooi said 34 freehold units were available for rent and purchase.
“It is Paya Terubong’s first trendy, modern commercial business centre,” she said.
For more details, visit the Lone Pine Group of Companies’ office at the Pine Valley Business Centre, 1077, Jalan Paya Terubong or call 04-827 8566.
Lone Pine will also be showcasing many of its properties at The Star’s Property Fair 2011.
Other key exhibitors include IJM Land, Sunway Grand, Vienna Home (Mah Sing), Ideal Property Develop-ment, SP Setia Group, Taman Sri Setia (Boon Siew Group), Ivory Properties Group, Nusmetro, MTT Pro-perties & Development, Reka Indah Development, Lembaman Develop-ment (Belleview Group), DNP Land, GD Development and Tambun Indah Development.
To date, 28 major developers representing almost all the big boys in the industry — along with several financial institutions, have taken up booths in the fair.
Touted as Penang’s premier property expo, the fair’s ninth edition will be held at Gurney Plaza and the adjoining G Hotel from July 21 to July 24. - By The Star
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