Suntech is an office tower strategically located at the heart of Penang's cybercity business district in the township of Bayan Baru. It is the first office building in Penang that has an MSC designated status. Suntech tower comprises of 22 levels including ground floor, 24 office units starting from the 12th floor to the 21st floor and also 40 shop lots starting from ground floor to the first floor. Suntech provides top notch facilities to its tenants there. These facilities include 24 hours CCTV surveillance at every level, ample car park bays, an indoor gymnasium, recreational centre, sauna and steam room, garden café, cyber lounge and also shared business facilities like business centre, training and meeting rooms, seminar rooms and it also has WiFi services. Suntech also ensures that there is tight security around the whole building, tenants who occupy offices from the 12th floor to the 21st floor is required to have a smart card and these smart card checkpoints are at the ground floor and the 10th floor of the tower. Besides that, it is also the first building with a sky-bridge link to a shopping centre, Sunshine Square.There are also many amenities around the office tower. It is strategically located near the Bayan Lepas Industrial Free Trade Zone and also the Penang Bridge so there is bound to be inflows of consumers everyday. Apart from that, there are also a few malls nearby - Mayang Mall and Sunshine Square. There are also several hotels near Suntech like Hotel Seri Malaysia, Equatorial hotel and Vistana hotel.INTI International College is also located near Suntech and there are also two petrol kiosks located along Jalan Kampung Jawa which are also very near to it. There is also a hospital nearby, Hospital Pantai Mutiara which is situated along Jalan Tengah. It is easily accessible via Jelutong Expressway through George Town which is Penang’s state capital.
Property Details
Name: Suntech Address: Bayan Baru, Penang Developer: Emerald Capital Completion Date: 2008 Type: Office Tenure: Freehold No. of Blocks: 1 No. of Storey: 22 No. of Units: 280 Built-up: 459 – 1,254 sf Maintenance Fee: RM0.40 psf Subsale Price: Launch Price: RM222,320 – RM603,920 Rental: Facilities
24 hours CCTV surveillance at every level Shared business facilities like business centre, seminar rooms, conference rooms, training rooms WiFi at all shared business facilities. Indoor gymnasium Sauna and steam room Garden café Cyber lounge Security check points at ground floor and 10th floorAnalysis
Suntech is a great investment opportunity for high capital appreciation. There are many investors who has expressed confidence in this project by provide financing up to 85% and returns looks promising. With the MSC status, companies that operate in the building shall enjoy tax exemption for 5 years which is extendable for another 5 years. Other benefits include freedom of ownership, freedom to source capital globally, intellectual property protection and cyber laws, no censorship of the internet and globally comparative telecom tariffs to name a few. Suntech is truly a luxury and functional business space and with its strategic location near the Bayan Lepas Industrial Free Trade Zone, one can worry less about consumer inflows to that area.
