Where the pearl shines brightest
The Light City
A GLOWING beacon that draws you in and illuminates its surroundings, The Light City is poised to be a landscape-changing landmark that catapults the Pearl of the Orient into the global pantheon of iconic waterfront destinations.
The crowning glory of overall THE LIGHT Waterfront Penang mega development in Gelugor along the island’s eastern coast, it will by 2021, be a thriving lifestyle hub where people from across the world come to live, work and holiday.
Within the 32.76-acre integrated waterfront precinct will be a retail mall, convention centre, luxury hotels, office tower and premium residences with a total gross floor area (GFA) of 4.1mil sq ft, encircled by a scenic promenade.
The project is undertaken by IJM Perennial Development Sdn Bhd – a joint venture between IJM Corporation Bhd and Perennial Real Estate Holdings Limited – and has a total gross development value (GDV) exceeding RM4.5bil.
IJM Perennial general manager Tan Hun Beng said the idea for THE LIGHT was conceived back in 2003, with a total of 152 acres that was to be developed over three sub phases.
The fully residential Phase 1 has already been completed with six parcels of exclusive residences spread over 42 acres. The Light City is part of the overall 103-acre Phase 2 and currently taking shape. Phase 3 will be a seven-acre seafront park, to come at a later stage.
IJM Land senior general manager (northern region) Datuk Toh Chin Leong explains, “We named it THE LIGHT because it will be a source of illumination. It glows, it shows the way and it lights up the area.”
“The synergy between the development’s retail, hospitality and commercial components will draw people from across the world, creating an energetic and positive aura befitting its idyllic seafront location.”
Tan believes Penang’s present boom bodes well for The Light City. Thanks to being listed on many global travel lists, the island is seeing ever-increasing numbers of tourist arrivals, and has become a popular venue for meetings, incentives, conferences and events.
“Penang is fast developing into a vibrant and cosmopolitan destination. The Light City, which we envisage as one of the best integrated waterfront precincts in this region, will further boost its appeal,” he elaborates.
Central to The Light City is a five-storey retail mall with some 1.5mil sq ft of GFA which will herald a new era of shopping, entertainment and lifestyle experiences.
Designed around the concept of ‘Where History Meets the Modernity of Penang Retail’, it combines top retail experiences from around the globe with the unique heritage and culture of the state in a comfortable air-conditioned environment.
Future shoppers will be spoilt for choice with its impressive array of offerings, ranging from flagship stores to themed streets. The F&B zones will include the island’s famous street food alongside international flavours, with some lining the al fresco waterfront promenade that looks out to sea.
“It will be Penang’s version of Sydney’s Darling Harbour. We intend to engage local artists and curators to enhance the promenade with sculptures. You’ve also got that beautiful view of Penang Bridge and Butterworth,” Toh highlights.
Sitting atop the mall will be the Penang Waterfront Convention Centre (PWCC) with about 270,000sq ft of GFA. Set to be the largest in the state, its groundbreaking design includes a dynamic roof that soars skywards as a symbol of progress and excellence.
Its two-level event space comprises a multi-purpose hall measuring 76,000sq ft, a grand ballroom with seating for 800, and several pre-function areas with spectacular sea views.
To be equipped with top-notch exhibition and conferencing facilities, PWCC will be a game-changer and choice venue for world-class concerts, conferences, exhibitions, banquets, meetings and live performances.
The Light City will also have two luxury hotels with 745 rooms in a 37-storey tower, to be operated by renowned international brands. Both connect seamlessly to the PWCC, retail mall, and an adjacent 28-storey prime office tower, giving guests unprecedented convenience.
The office block, with a net leasable area of about 370,000sq ft, offers a versatile selection of commercial suites with various layout options to suit varying business needs.
Also in the precinct are two residential projects – Mezzo and Essence – each comprising two towers. The former’s are both at 34 storeys, with the latter’s at 37. It houses 456 and 315 units respectively.
Crafted to offer cosmopolitan living at a prestigious waterfront address, they feature spacious built-up sizes and contemporary designs both on the facade, and in interior spaces.
Waterside Residence
The first residential tower within THE LIGHT’s Phase 2, it was launched earlier this year and has enjoyed a nearly 90% non– Bumiputera quota take-up rate to date.
Set on a 4.27-acre freehold plot, the Waterside Residence has a GDV of RM240mil and comprises three residential blocks of 17, 25 and 33 storeys housing a total of 256 units with two or three bedrooms.
Overall built-up sizes for these modern and stylish condo units range from 1,055sq ft to 1,270sq ft. Prices go from RM756,000 onwards, and each unit comes with two to three parking bays.
Future inhabitants will live the good life, as a wealth of lifestyle amenities such as a swimming pool, Jacuzzi, gymnasium, reading room and more, are included. Storage lockers are also provided for convenience.
There will be fantastic deals and perks for Waterside Residence during the StarProperty.my Fair 2017; so visit IJM’s booth to find out more. With only limited units remaining, act fast to secure your dream home in this highly sought after enclave.
The Light Collection
Framed by sparkling blue seas and verdant hills, THE LIGHT Waterfront Penang epitomises all that is unique about the Pearl of the Orient, a truly one-of-a-kind global village offering the best in integrated waterfront living.
The residential Phase 1 was fully completed this year and comprises six parcels of GBI-certified highend waterfront abodes namely The Light Linear, The Light Point and The Light Collection I, II, III and IV, with a total of 1,177 units.
Only a handful of units of The Light Collection III and The Light Collection IV are still available, with prices ranging from RM1.81mil onwards.
The former has duplex townhouses and condominiums sized from 3,143sq ft and 1,862sq ft onwards respectively. In the latter are condominiums and high-end waterfront bungalows with builtups of 1,991sq ft and 7,018sq ft onwards respectively.
Fully renovated and furnished show units for both The Light Collection III and The Light Collection IV are available for viewing. With tasteful finishes to suit the waterfront lifestyle, they illustrate the lavish wonders that await those who choose to make this their home.
A glowing location
With an unbeatable location along the Tun Dr Lim Chong Eu Expressway right next to the Penang Bridge, THE LIGHT Waterfront Penang enjoys high visibility and easy accessibility.
The Penang International Airport, Sultan Abdul Halim Mu’adzam Shah Bridge (second Penang bridge) and Unesco World Heritage city of George Town, are all a short drive away.
“With the limited land bank on the island and the growing appeal of the state for international business, industry, leisure and education, the value of properties here are bound to appreciate as the development matures.
“THE LIGHT will be more than just a development. It is a lifestyle destination. It will be where the grand occasions are celebrated, be it Chinese New Year, Christmas Eve or New Year’s Eve. It will be the hub for conventions and trade fairs.
“Ultimately, we want the message to be - if you come to Penang, you must come to THE LIGHT,” Tan sums it up.
To find out more, visit IJM at booth S1 during the StarProperty. my Fair 2017 at Queensbay Mall from Thursday to Sunday.