A new high-rise development project along Macalister Road in Penang is poised to become the talk of the town when launched at the end of next month.
The mixed integrated Tropicana 218 Macalister project, to be developed by Tropicana Corp Bhd (formerly Dijaya Corp Bhd), includes an international brand hotel with 200 rooms.
According to Tropicana Corp marketing and sales executive director Pam Loh, the project consists of two 33-storey blocks and has a total estimated gross development value of RM300mil.
Slated for completion in 2017, it will also have 211 designer suites, 88 serviced residences and 20 retail spaces besides the hotel which will be located in one of the blocks called Tower A.
“The project is on a 0.85ha plot in the centre of the George Town business district.
“It is within walking distance of Komtar and nearby are plenty of hawker stalls,” Loh said.
Residents of Tropicana 218 Macalister will enjoy facilities like an aqua gym and a garden. There will be areas set aside for rock climbing and holding barbeque parties.
To ensure privacy, there will be separate entrances for residents and hotel guests.
A 24-hour security infrastructure will be put in place, integrating an intercom and three-tier security system with card access, CCTV surveillance and alarm.
The suites, called Neo Designer Suites, with 140 units in Tower A and 71 units in Tower B, have a built-up area of between 683sq ft and 1,299sq ft each.
The 88 serviced units in Tower B are of similar size range.
The 20 retail spaces, occupying two storeys in Tower A and facing the main road, are between 378sq ft and 1,312sq ft.
Another interesting feature of the development will be a refurbished double-storey heritage bungalow that will be turned into a cafe or restaurant.
A sky lounge atop Tower A will be a relaxing hangout spot offering a breathtaking view of the sea.
The suites will be sold for RM1,000 per sq ft and the retail spaces for RM2,000 per sq ft. Prices for the residences have yet to be confirmed.
Home buyers can have their choice of sea view or city view when buying the residential units which come with at least one car park each.
Eight levels of car parking lots are included for the suites and residences while there will be two dedicated basement parking spaces for the retail outlets and hotel.
Loh said that only the 71 suites in Tower B, at eight units per floor, will be open for registration under the first phase of the launch.
She said that 18 of the units, with a built-up area of 1,299sq ft, would have the dual-key concept whereby they come with a smaller attached multi-purpose unit.
“The smaller unit of 340sq ft can be rented out or used as a SOHO (small office / home office) or turned into an extra bedroom,” she said.
She added that the completed units would be partly furnished with kitchen cabinets and electrical items. - By JOSEPHINE JALLEH (The Star)
1 comment
Subsale market is very bad.
A lot of landed house in Sg Ara area are stuck. I noticed some of the asking prices have remained unchanged since 1 year ago.
Yet, more supplies are pouring into market (just obtain OC).