The Promenade

June 15th, 2012 Leave a comment

The Promenade, a mixed development by Lion Group, strategically located within the established township of Bayan Baru, Penang. Comprises 2-5 storey retail shops amounting to 37 units at its base, called The Promenade and 336 units of designer suites called The Promenade Residence. This development is next to Hotel Seri Malaysia and D’Piazza.

The 37 units of commercial lots comprise:

  • 4 units of 5 storey shoplot (Lot 1, 15, 16 and 19)
  • 2 units of intermediate 5 storey shoplot (Lot 17 and 18)
  • 13 units of 4 storey shop lot (Lot 2-14)
  • 17 units of 2 storey shoplot (Lot 20-36)
  • a semi curvature unit at 5th floor (Lot 37)

The 7th floor to 27th floor are residences serviced by 5 lifts including 1 service lift.  All units are internet-enabled (high speed broadband), Astro Beyond cabling, complete with internal air conditioning piping and instant water heater.  There are 16 units of designer suites per floor with 9 different floor plans.

  • Type A: 42 units 847sf (2 bedrooms)
  • Type B: 21 units 855sf (2 bedrooms)
  • Type C: 21 units 979sf (2 bedrooms)
  • Type D: 42 units 977sf (2 +1 bedrooms)
  • Type E: 63 units 1,011sf (3 bedrooms)
  • Type F: 42 units 1,111sf (3 bedrooms)
  • Type G:  42 units 1,294sf (4 bedrooms)
  • Type H: 42 units 1,525sf (4+1 bedrooms)
  • Type I: 21 units 1,651sf (4 + 1 bedrooms)

1 car park is allocated for each unit and additional lots can be purchased from RM25,000-RM28,000.  Maintenance fee is proposed at approximately 30sen psf including sinking fund.

Project Name : The Promenade Residence
Location :
 Bayan Baru, Penang
Property Type : Mixed Development
Built-up Area : 847 sq.ft. onwards
Total Units: 336 (Residential), 37 (Retails)
Land Tenure : Leasehold
Developer : The Lion Group and T.J. Group
Indicative Price : RM350,000 onwards

Marketing Agents:
  • 012-439 8359 (Ivan Tan)
Image Gallery

Contributed by reader – 09/11/2012

 

Contributed by reader – 28/03/2013

 

Contributed by reader – 16/05/2013

 

Contributed by reader (Update 03/04/14)



Categories: Bayan Baru Tags:
  1. Buyer F
    June 3rd, 2014 at 17:37 | #1

    The Promenade Residence starts from the 7th floor to 27th floor.
    So, 27th is the highest floor.
    Do you interested on 27th floor?

  2. daniel
    August 15th, 2014 at 15:27 | #2

    Hi anyone know that is the comercial title can be convert to residential? i heard that 1 world had been converted to residential title. is that true?

  3. Chew
    August 15th, 2014 at 15:36 | #3

    @daniel yes, but utility is still commercial rate :P

  4. Buyer F
    September 1st, 2014 at 17:21 | #4

    Can anyone please share the worksite status? Multi level car park complete? how many floor complete now? Thanks.

  5. Mr Wong
    September 22nd, 2014 at 11:08 | #5

    any available unit? im interested to get 1. whats the price now?

  6. Buyer F
    September 22nd, 2014 at 12:53 | #6

    Hi Wong, because got DIBS, most of the owner won’t sell it until the OC pass.
    But i saw one post in Propwall 980sf selling on 585k.
    If owner sell now, we have to pay 2% bank penalty and 3% Penang state gov penalty.
    So, this 5% will actually add into the selling price.
    the more gov charge the vendor the higher price buyer need to pay.

  7. Buyer F
    November 20th, 2014 at 17:02 | #7

    Hi all, anyone get the rebate from developer?
    Thanks.

  8. BuyerC
    November 20th, 2014 at 19:55 | #8

    Do u mean the DIBS rebate?
    I received it and auto-rebate from my housing loan acct

  9. Buyer F
    November 21st, 2014 at 11:01 | #9

    Hi C, my loan just release. so i am not paying my loan yet.
    I’m talking about the 5% rebate from Developer.
    Anyone of you get the 5% rebate?
    How is the work site status? Long time didn’t go there.
    Anyone can share the work progress update? Thanks.

  10. interested
    November 22nd, 2014 at 12:49 | #10

    hi. any idea if there’s unit left? TIA

  11. Ananth
    November 22nd, 2014 at 13:21 | #11

    Hi buyers,
    Recently i have purchased a unit at promenade. My unit has 3 car parks. Just married, n only two of us so i don’t need the extra car park. Would like sell the car park to interested buyer. The car park cost will be rm33k. Willing to nego for serious buyer. Plz contact me if interested : 016-4227704.

  12. BuyerC
    November 24th, 2014 at 15:33 | #12

    Sell car park before obtaining the Car park? Is the developer allowing to do this?

  13. Buyer F
    January 5th, 2015 at 10:25 | #13

    Hi all, Happy New Year 2015.
    Anyone haven’t receive cheque from developer?
    I already wait for few months, not yet get the cheque.

  14. Seller
    January 27th, 2015 at 13:17 | #14

    Hi all, I wanna sell my unit. floor 27, 1111sf, 2 car park. 689k.
    anyone interested? refer to Mudahcom “The Promenade Suite”. TQ.

  15. Eric
    January 28th, 2015 at 11:03 | #15

    @Ananth
    Hi Ananth, are you sure that you can sell your car park? How to transfer it?? Developer allowing?? I am interested. please contact me. 012-585-338.

  16. BuyerH
    January 28th, 2015 at 13:16 | #16

    @Seller, why want to sell?

  17. interestedBuyer
    March 25th, 2015 at 09:48 | #17

    Hi all,
    May i know the estimated completion time for this project? 2016 or 2017?

  18. Buyer F
    March 27th, 2015 at 12:45 | #18

    Hi InterestedBuyer, according to S&P, the completion date at the end of 2016.
    Normally will complete early if everything run smooth.
    We went there last month, the multi-level car park is complete.
    Now they start build the residential unit.
    My unit want to sell, cause we move to oversea.

  19. Buyer
    March 30th, 2015 at 11:06 | #19

    Feb status, Multi-level car park complete.
    According to S&P, completion time is end of 2016.
    Anyone have the recent update or photo?
    How is the speed of the progress?
    Please share your information, thanks.

The Promenade
Marketing Agents 012-439 8359 (Ivan Tan)
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