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February 25, 2006

Penang Property Focus Part 5: The Mayfair and D’Residence, Bayan Mutiara

This is an ongoing series highlighting currently launched properties in Penang that appeared in the special pullout in the Star on 29th January 2006. This series of postings are for the benefit and reference of interested buyers.

For others in the series, please see the following:

Penang Property Focus Part 1: Harbour Place and Taman Sri Bayan
Penang Property Focus Part 2: Putra Marine Resort and the CEO
Penang Property Focus Part 3: Bandar Laguna Merbuk and Taman Seri Pantai
Penang Property Focus Part 4: Alila and Bayu Mutiara

FEATURED ARTICLES

the Mayfair Penang

This is one of the more upmarket new projects in Georgetown. Located on Millionaire’s Row, there are 29 floors housing 48 units of 5000sq.ft. luxury suits with a panoramic view of the northern channel.

The hotel-like facilities include badminton, basketball, tennis, squash and table tennis courts, and a fully equipped gymnasium. Besides that, there is 24-hour security, internet broadband and individual basement storage.

Land is freehold, and is 70% completed at the moment.

This project is jointly developed by Dolphin Square S/B, a subsidiary of the public-listed Leader Universal Holdings Bhd and Applied Construction & Engineering (M) S/B, and subsidiary of United Engineers (Singapore) Pte. Ltd., which is listed in Singapore.

Other projects by the same people are the Leader Garden is Penang, Juta Mines Condominium in Mines Resort and commercial cum shopping centre in Dataran Pahlawan, Melaka.

Location Jalan Sultan Ahmad Shah, Penang
Developer Dolphin Square Sdn. Bhd.
Description Residential apartment on freehold land
Unit size 5,209 and 5,049sq.ft
penthouses at 10,495sq.ft.
No of units 49
Price RM1,926,620 to RM2,102,620
Contact 604 – 229 8999
Website www.mayfairpenang.com

D’Residence, Bayan Mutiara

PDC Properties, the developer is a subsidiary of the Penang Development Corporation. Bayan Mutiara is their flagship RM2 billion mixed development project, located along the south coast of Selat Utara.

The RM260million D’Residence within Bayan Mutiara is a exclusive freehold upmarket project on 38.4 hectares of flat land by the sea. Altogether there are 229 landed units, at the moment for phase 1, they are selling 113 units consisting of 70 units of superlink homes, 14 units of Twin Bungalows, 15 units of Supreme Bungalows and 14 units of Premium Bungalows. The homes are surrounded by top-notch landscaping, water features and high security.

50% of phase 1 has been sold out, completion is in 2008. Price is from RM880,000 to RM2.8million.

Location D’Residence, Bayan Mutiara
Developer PDC Properties Sdn. Bhd.
(subsidiary of PDC)
Description Freehold luxury resort homes
Built-Up 3,500 to 5,000sq.ft
Plot size from 3,000 to 6,000sq.ft
Price RM880,000 to RM2.8million
No of units 229 in total. For this phase 113 are available
Completion mid-2008
Contact 604 – 6304 112
Website www.pdcp.com.my

Next: Part 6 – Bandar Baru Air Putih and Taman Seri Bayan.

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