Property Hunter Magazine August Issue 2014 | Page 46

/// West Malaysia Property News

Penang WorldCity to Transform the Island’s Skyline

Tropicana Corp and Ivory
Properties Group have joined
forces to build Penang WorldCity, a 103-acre integrated
project in the island’s southeastern coast.
To be built in phases in the
next 10 years, the mixed-use
waterfront project features
about 9,000 houses. Most of
the units measure less than
1,500 sq ft, making them quite
affordable.
Penang WorldCity is also a
perfect place to unwind and
relax thanks to water-themed
parks and pockets of greenery, while its host of leisure
facilities such as the Wellness
area and Performing Arts Centre makes it a truly exciting
place to live in.
The world-class city also

comes with grade A offices, a
convention centre, an international hotel, luxury retail
outlets, al fresco restaurants
and an international learning
institution, making it one of
Penang’s most sought-after
destinations.
Strategically located between
Penang Bridge and its newly
opened sibling, the 1.5 million sq ft project is only a
short drive from the island’s
international airport and the
UNESCO-listed heritage site
George Town. It is also stone’s
throw away from Queensbay
Mall, Pantai Hospital and the
Bayan Lepas Free Trade Zone.

eight distinctive layouts, units
at Tropicana Bay Residences
range between 455 sq ft and
1,950 sq ft.
Designed by international architect, the resort-style project
sports many amenities like a
gym, saunas, a tennis court,
an overhanging pool and a
gorgeous drop-off point.
So far, 90 percent of the units
in the first four blocks have
been taken up, but the developer is now accepting reservations for units at Block E. Sizes
range from 872 sq ft to 980
sq ft, while prices fall within
RM769,900 to RM935,900.

Specifically, Penang WorldCity’s first phase will comprise
six blocks of 22-storey
condominiums. Available in

Lonely Planet Crowns Malaysia Top Family Tourist Destination

IOI Properties Group
Bhd (IOI) signed an
agreement today with
Starwood Hotels and
Resorts Worldwide Inc
(Starwood) to manage
two hotels, namely the
Four Points Hotel by
Sheraton in Puchong
and Le Méridien Hotel in
Putrajaya.
These hotels are
censured to be opened
in the late 2014 and
early 2015 respectively.
The hotels will add 599
rooms to Starwood’s
collection portfolio in
Malaysia, reflecting
its rapid hospitality
expansion to other
districts in the nation.

Potential candidates were
chosen by readers after
nominees were shortlisted by
an expert panel.
Lonely Planet is perhaps the
world’s most well-known
travel guidebook, with over
100 million copies of various
countries sold worldwide.

Starwood currently
operates 12 hotels in
the country’s top tourist
destinations including
Kuala Lumpur, Langkawi,

“The rapid development of
various theme parks and
children entertainment
centres in Malaysia such as
Legoland, Puteri Harbour
Family Theme Park, Kidzania,
and i-City, to name a few, is a
testament to the fact,” he said
in a press statement.

Legoland Hotel in Johor Bahru

46

The partnership signing between IOI Properties Group
Bhd and Starwood Hotels and Resorts Worldwide Inc
represented by (from left) IOI chairman Tan Sri Datuk
Lee Shin Cheng, IOI chief executive officer Lee Yeow Seng,
Starwood regional vice president Chuck Abbott and
Starwood Asia-Pacific president Stephen Ho

“We are delighted
to announce the
partnership with IOI
Group to manage the
Four Points by Sheraton
and Le Méridien in
Putrajaya, underscoring
our expansion plans in
Malaysia,” said Starwood
South-East Asia regional
vice president Chuck
Abbott.
“We look forward to
strengthen our foothold
in country as we
welcome these two new
hotels into our portfolio,”
he added.

ASEAN family destination.

Malaysia was crowned as
this year’s best family tourist
destination at the Lonely
Planet Magazine India Travel
Awards 2014 in Mumbai.

IOI and Starwood Seals the Deal

Director of Tourism Malaysia
(India) Manoharan Periasamy
said the award was a
recognition of Malaysia’s
achievements in promoting
the country as a leading

www.PropertyHunter.com.my

Penang, Kota Kinabalu,
Sandakan and Kuching.
“The hotels will be
considered to be
landmark developments
within the two townships
and contribute positively
to the region and our
own portfolio,” said IOI
chief executive officer
Lee Yeow Seng.
“Malaysia’s strong
economic growth
and healthy tourism
arrivals presented us
an exciting opportunity
to strengthen our
branding in the country,”
said Starwood AsiaPacific acquisition and
development senior vice
president Matthew Fry.
“Starwood’s
development in the
rapidly growing districts
of Puchong and
Putrajaya will enable us
to cater to Malaysia’s
increasing numbers of
business and leisure
travellers in the state.”
Starwood manages
various top hotels
in Malaysia such as
The Saint Regis Kuala
Lumpur, Sheraton
Petaling Jaya Hotel,
Sheraton Desaru Hotel
and Four Points by
Sheraton Kota Kinabalu.