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Penang Waterfront Integrated Development, Malaysia

The Penang Waterfront Integrated Development is located on a freehold waterfront site in Gelugor town situated on the eastern coastline of Penang, Malaysia.

Positioned as Penang's first mega integrated waterfront icon, the dynamic mixed-use development is expected to comprise a large retail podium with waterfront dining, premium residential towers, a high-quality office tower, two international hotels, and the largest convention centre in Penang. Imbued with the life and spirit of Penang's cultural heritage, the retail and entertainment components will feature Penang's enchanting historical architecture and renowned hawker food fare, making it a 'must-see' waterfront precinct for locals and tourists in the bustling city.

The landmark integrated development will enjoy excellent transport connectivity being strategically situated about 1km from the famous Penang Bridge and about 12km from the second Penang Bridge, linking Penang Island to mainland Malaysia. The integrated development is also about 5 km from Penang's capital, George Town, 16 km from the Penang International Airport, and is easily accessible via the Tun Dr Lim Chong Eu Expressway and a planned Light Rail Transit system.

The Penang Waterfront Integrated Development will be complemented by the adjacent residential precinct comprising over 1,100 condominium units and luxury villas, providing a significant population catchment for the development.

With its distinctive design and prime locality, the one-stop retail, business, lifestyle and entertainment destination is set to transform the waterscape of Penang. The development is expected to commence operations in 2021.

Property1 Information

Location About 1 km North of Penang Bridge, Gelugor
Description Retail Podium and Thematic Shops
Residential
Office
Hotels
Convention Centre
Car Park
Tenure Freehold
Effective Interest
(%)
50
Land Area
(sq ft)
1,427,000
Gross Floor Area2
(sq ft)
Retail and Thematic Shops: 1,536,700
Residential: 1,204,700
Office: 513,000
Hotel: 545,600
Convention Centre: 300,000
Total: 4,100,000
Commencement of Operations Target 2021
Notes:
  1. As all designs are undergoing refinement, the details in the table are subject to change.
  2. The gross floor area excludes carpark based on current plans and subject to the relevant authorities' approval of the plans.

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