The Rice Miller Hotel & Residences
The Rice Miller Hotel & Residences, a mixed real estate development in a UNESCO World Heritage Site in George Town. It consists of four adjoining parcels of freehold land on a 3-acre site by old Penang harbour — bounded by Beach Street on the west, the well-known “Banking Street” on the island and Weld Quay to the east. With just 99 units of private residences, The Rice Miller Hotel and Residence will be an urban oasis where life’s amenities are never more than a short walk away.
1. Rice Miller Residence I
2. Rice Miller Residence II
3. The Rice Miller Hotel
4. 1880s building to be conserved
5. Commercial block for banking & specialized services
6. Pier Market
7. Main Entrance & Security Check
8. Heritage Row 0 Event Centre with theatre facilities, Rice Miller Club, library, lifestyle pavillion
9. Landscaped courtyard
Property Project : The Rice Miller Hotel & Residences
Location : Georgetown, Penang
Built-up Area : 757 sq.ft – 3,473 sq.ft.
Units: 99 (Residence Units), 24 (Shop lots), 48 (Hotel rooms)
Developer : Asian Global Business Sdn. Bhd.
Indicative Price: RM 1,155/sq.ft. onwards
I think this is the most expensive residence in Penang.
i am interested to buy the residence unit of 1000 sq ft. Pls advise. Tq
Are they provide enough parking because this area is limited?
Was this launched already?
Very quiet here…. no interest?
@Pinang Pisang
Do you think those people who are able to own millions dollar property going to surf here?
Here is for ikan bilis or kacang putih like us wasting time here….
There’re still some units available.
High end property, maintenance fee slightly high, set-back is no car park area.
There’ll be another building opposite in plan to develop into multi storey car park.
The sales gallery is located at the Georgetown Chambers (2, China Street Ghaut) or just call them at 04 262 3818
@cheng
I like their design…
Just the price is too far from the afforable range.
@tomyam
friend, this is not for average joe one lah. it’s built for foreigners and rich locals.
@taupok
true also..
Still not completed? What’s going on? I am sure Late delivery compensation is going to cost a bomb.
There is no late delivery compensation according to the s&p. Too bad, this is commercial project, not residential, it does not follow the standard schedule H regulation.
If it falls un HDA just like the Tamarind (commercial title also) then there will be Late delivery compensation
@Lol
Unfortunately not.
This project has gotten into problems and currently abandoned. Work has stopped for over a year already.
@Eric
What is the problem? Developer bankrupt? Or technical problem?
This project is grandaughter play play with grandfather money. No idea one. Yi saai jouh ah.
@Fufu
Cash flow issues i believe
Looking for investors to salvage the project
Sounds like this will be an upscale version of Majestic Heights.
I am sure the bank interest from the loans alone will eat into their profits. If I am an investor I will let it go bankrupt then buy it from the bank at a much cheaper price. This project might never see the day of light provided if they strike a deal with the bank to repay back half the interest with a new investor coming on board but then again banks are no charity.
@Lol
Banks have already appointed receivers and managers. I suppose the banks will have to take a haircut of some sort in order to make the deal profitable.
Hope there is a new plan on the way. It is a waste of space if it was abandoned.