By The Sea in Batu Ferringhi with SDB
|February 1, 2012||Posted by Ann Khee under Property News|
In 2008, Selangor Dredging Bhd (SDB) has acquired three parcels of freehold commercial land, measuring a combined 4.7 acres for RM24.5 million, or RM120 psf, it knew it had the opportunity to create a unique product.
At the moment, there are no sea-facing apartment suites for sale in Batu Ferringhi Penang, just resorts. There are a good number of sea-facing properties but they are built on reclaimed land and because of this, they don’t have a beach. So, this new condominium project is pretty rare.
SDB is targeting international business travellers and city folk who want to own a place right next to the beach. The intention is to create an environment where busy executives can come to relax, work or stay, or both – a flexible space.
Project Development Fast Facts
The development comprises 138 units of serviced apartment project called By The Sea. The suites, measuring between 1,030 and 3,038 sq ft, are priced from RM1.2 million to RM3.2 million (RM1,200 psf). These suites spread over three blocks, it is designed as a series of terracing blocks between 5 and 11 storeys. It has a gross development value of RM230 million.
The site of the development is located between Bank Negara’s holiday complex and a community mosque.
The two hotels closest to it are the Hard Rock Hotel and Park Royal, both of which are just less than five minutes’ walk away in opposite directions.
SDB has conceptualised a landscape and atmosphere that speak of rustic charm and a relaxed casualness. The three blocks will be surrounded by local tropical plants and trees such as betel nut, saga and coconut trees, and hammocks will be placed around the estate.
By the beach is The Monkey Park — a children’s playground that forgoes modern steel swings in favour of the nostalgic rubber tyre swings as well as a wooden tilted tree house.
There will also be a 12-metre guppy pond to let children experience the childhood of their parents, who as kids would fish for guppies in a drain. Each unit will be given a pail and net when they move in, and the children can just go and scoop for guppies.
Even though the developer owns the beach as well, SDB has chosen to set the estate back and construct it on a specially raised four-metre deck to create the recreational space and landscape.
There is sales gallery at site for viewing. For further enquiries, call up or visit SDB homepage.
Sales Enquiry Hotline : 1800 888 732
Website : http://www.sdb.com.my