Island Resort is a sizeable hillside residential development by Ivory Properties Group. Located along the famed Miami Beach at Batu Ferringhi, Penang. The development presents 'hillside living with a difference'.Island Resort boasts of a panoramic view of the Indian Ocean, with beautiful hillside breeze and breathtaking sunrises cleverly designed in a resort-themed fashion. The entire development is stretched over 4 phases which will consist of a Private Recreational Club, 10 Island Resort Condominiums and Semi-detached villas, Bungalows, and 1 Island Resort Condominiums. The GDV for the entire project is estimated at approximately RM383.4million. This exclusive project which has only over 270 units of mixed residential properties, are each unique, modern and resort themed. The entire development is sandwiched between the Hydro Majestic Hotel and Moonlight Bay, another luxury hill-side development by Ivory. Set to be completed between the years 2012 – 2014, these luxury homes are now priced at over RM528 psf for just the 1,100 sf condominium unit. Semi-detached homes and bungalows are over RM2 million. There are plenty of layouts and built-ups to choose from catering to a variety of needs. Some unique features of the 4-storey semi-detached homes are that each will be equipped with a private lift and a plunge pool. Ranging from over 3,000 sf in built-up, there are only 11 exclusive units to choose from. Residents can also enjoy more facilities at the nearby Private Recreational Club where those who purchased during the launch were provided with free membership to the recreational club.Condominium facilities at Island Resort are no less luxurious. From full-height windows with unobstructed views of the ocean to high ceilings of 3 metres, and built-ups from 1,100 sf to penthouse units of over 3,200 sf, many will be spoiled by the amenities that it comes with as well.
Property Details
Name: Island Resort Address: Batu Ferringhi, 11000 Penang Developer: Ivory Properties Group Completion Date: Ongoing (from 2011 onwards) Tenure: Freehold Type: Mixed Residential No. of Units 1 Island Resort: 152 10 Island Resort: 266 Semi-Detached Villa: 11 Built-up 1 Island Resort: From 1,600 – 3,200 sf 10 Island Resort: From 1,100 – 3,200 sf Semi-Detached Villa: From 3,820 – 6,450 sf Launch Price Semi-Detached Villa: From RM2.33 million Subsale Price 10 Island Resort: From RM 530 psfLayouts
1 Island Resort Standard units from 1,600 sf – 1,750 sf Executive units from 2,500 sf Penthouse units from 3,200 sf 10 Island Resort Intermediate units from 1,100 sf - 1,250 sf Executive units from 2,400 sf – 2,500 sf Penthouse units from 3,200 sfFacilities
Private recreational club Swimming pool Landscaped gardens Gymnasium Community hall Playgrounds Water features Spice garden Clubhouse 24hr securityIsland Resort is truly a luxury hillside experience and set to 'wow' property owners and investors alike. Targeted at local and especially foreign investors, expatriates, and companies who actually have the means to invest in these high-end properties, Island Resort has put in a lot of thought to each design and living space. The area in itself is a popular tourist destination with beach front and water sports a big highlight. While much care has been taken to preserve and minimize modification to the existing terrain, there was nonetheless quite a bit of resistance and protest towards more hillside deforestation by local townsfolk. Ivory is therefore thoughtfully incorporating around 55,000 sf of natural terrain park with jungle tracks all to be enjoyed by the residents at Island Resort. The condominiums at Island Resort will also have their own landscaped gardens, spice garden, putting greens, and unobstructed views of the ocean. For many, the price tag is a small price to pay for these features and natural wonders. Surrounding the area, are other amenities like the 5-star hotels, International Schools, the Chinese Swimming Club and Tanjung Park further up near Tanjung Tokong. Traffic along Jalan Batu Ferringhi however can be heavy as it maintains only 2-way traffic, and with construction of the property which will be ongoing up till 2014 or more, this is something that residents and townsfolk are not too happy about. The Penang coastline will certainly look different with Ivory's luxury properties surrounding Batu Ferringhi.
