Marriott International and Ideal Property to launch ‘Marriott’-branded development at Queens Waterfront
Marriott International Inc. has announced a significant new development in collaboration with Ideal Property Group to bring the Penang Marriott Hotel Queens Waterfront and Marriott Residences Queens Waterfront to Penang island. Scheduled to open in 2029, the project will feature a 262-room hotel and 228-unit residential complex, strategically located in Bayan Lepas.
The official signing ceremony, held at the Penang Marriott Hotel on Gurney Drive, was attended by key representatives from both organizations. Marriott International was represented by its senior director of hotel development, Andree Susilo, while Ideal Property Group was represented by its executive chairman, Tan Sri Datuk Alex Ooi Kee Liang. The event was also graced by the presence of Penang’s Chief Minister, Chow Kon Yeow.
Marriott International, headquartered in Bethesda, Maryland, boasts a vast portfolio of nearly 8,900 properties across more than 30 leading brands in 141 countries and territories. Ideal Property Group, based in Penang, is a premier real estate developer with over 25 years of industry experience and a track record of completing more than 30,000 residential and commercial units.
Susilo highlighted the strategic importance of the new development, which marks the company’s second Marriott Hotel and Marriott Residence on the island. He noted that the location, in close proximity to the Bayan Lepas Industrial Zone, positions the development at the heart of a bustling industrial and commercial hub with views of the Penang Bridge.
“This prime location offers convenient access for guests traveling by road to the island from the mainland, and it is only a 15-minute drive from Penang International Airport,” Susilo said. He also expressed excitement about expanding Marriott’s portfolio in Penang, a vibrant leisure destination and thriving economic zone in Malaysia. “This signing further underscores our commitment to the future of hospitality in Penang and is a testament to the confidence our owners have in our brand.”
Ooi shared his enthusiasm for the collaboration, emphasizing the shared vision and mutual dedication to providing exceptional hospitality experiences. “We are very excited to announce our agreement with Marriott International, which cements our contribution to Penang’s appeal as a commercial and leisure destination with an array of world-class hospitality offerings. Known globally for setting the gold standard in hospitality, Marriott International brings its expertise and commitment to excellence to this partnership,” Ooi stated.
Chief Minister Chow Kon Yeow hailed the signing ceremony as a significant milestone in Penang’s journey toward becoming a premier destination for hospitality and residential excellence. He highlighted the synergy between Marriott International’s reputation for excellence and Ideal Property Group’s extensive experience, which promises to set new standards in hospitality and residential living in Penang.
“The synergy between these two esteemed organizations is poised to deliver an unparalleled experience for all who visit or reside here. I would like to extend my heartfelt congratulations to Marriott International and Ideal Property Group for this remarkable collaboration. Your partnership signifies a strong vote of confidence in Penang’s future and showcases your commitment to our island’s growth and prosperity,” Chow said.
Chow further noted that the project is expected to enhance existing infrastructures and developments in the vicinity, including the SPICE Convention Centre, Penang International Airport, Bayan Lepas Industrial Park, and the upcoming Penang IC Design and Digital Park. He emphasized that the development represents a significant investment in the state and aligns with the vision for holistic and inclusive growth, creating high-impact jobs for local employment.
During the press conference, Chow also expressed his full support for the new guidelines for the Malaysia My Second Home (MM2H) program introduced by the Tourism, Arts, and Culture Ministry. He highlighted that Penang, already a preferred destination for MM2H applicants, fully supports these new guidelines.
kindly advise any available unit for sale
@Mrs Cheng
QuayWest, which is just nearby, in my humble opinion, might be a better alternative. Just sharing based on my own experience.
@Mrs Cheng
That’s available unit for sale probably next year onwards.
Don’t expect it to get it below 1M. You got to prepare at least 1.2M above for small unit. Super condo probably estimated 6M onwards. This area future entry price going to be at least 1M+ above even for subsale. Just wait & see.
@Mrs Cheng
I suggest you go for alternative such as The Zen/Zen6/Quaywest/Muze & Triuni. Those are good project rather than Queens.
The unit is small & definitely not for local to stay as one of highest PSF price in Penang after Marriott. You may get spacious unit if using same price & other better project.
Yeah just like getting Avanza car instead of a mercedes, more space and save more money
@Minion
This is just like you bought a Honda but seen like a kancil interior spec.
@Owner
Who said the Queens is not for local? I am staying there, and the smallest unit is 950 sqft, anything wrong?
BTW Honda designers will never design their interior like a Kancil. Again wrong assumption.
@millionaire
The price is decreasing because of low demand even in Q3.
Quaywest is better option if you check carefully.
Unit is spacious & close loop community without commercial & no illegal racing & no airplane sound. It’s a peaceful neighbourhood overall. The appreciation in Quaywest is better in subsale.
@Owner
If Queens is so bad, why Marriott preferred to choose Queens location and in collaboration with Ideal to develop Q4 and not with AG?
Marriott had the answer.
@millionaire
Don’t get it wrong.
Marriott is not a prestigious brand anymore as anyone can apply & approve. The reason of Marriott here is developer going to boost up the sales as it’s decreasing in demand. Property agents are selling hard promoting promoting everywhere.
If the project is really good then it is sold out already instead of promoting still. Remember total unit 500+ instead of 5000+ so still couldn’t sell well.
You hold your seat first. Upnext mega development in Penang world city on reclaimed. Queens is just a nut & airplane path way with noisy car race in night.
Tropicana – Marriott Courtyard
BSG – JW Marriott
Ideal – Marriott
Macam rojak already
@millionaire
I think it’s the other way round. It could be AG rejected Marriott
@AG
No body knows AG outside Penang island, not even mainland.
@millionaire
Right. Not Penang or Mainland but in Asia.
AG only got recognised award in Asia Pacific.
All the points are absolutely correct. No demand & noisy even illegal carparks everywhere with unprofessional Kampung style security. The security not even dressing a proper attire when in duty. lol.
@Owner
If AG project is so good, they no need flood whole PenangPropertyTalk with their doomposting.
The agent is so hardworking, or even hiring part timer to spam post everywhere in property channel.
@Islander
This is not a spam. Forum is free for everyone to share.
It’s true & fact. AG is doing very well especially for Zen.
The google review in AG already prove everything that Zen is good project with good workmanship & finishing which exceed buyers expectation. Needless to mention more as buyers voice in review spoke once for all. Good job.
The best part is they copy other people’s ID. LOL.
@Hemsley
No need copy.
Recently one of Quaywest tenant spoke to me that they move from Queens because spacious & same price. Quaywest is better in privacy & security management. Lol.
So, price for Queens will drop soon even rental.
@Ryu
Seems like Quaywest still got many unsold units or many Quaywest owner want to throw theirs units in subsales. Otherwise I don’t see the reason why you are still busy in hard sell it as a AG sales agent.
Good luck.
@millionaire
Do you see any hardsale here? Oh dear..you thought of agent
Even Zen6 fully sold out.
We’re happy to own purchase of Quaywest & Zen6.
You should concern of daily noise of racing at night. I surprised tenant told me about the issue encounter in Queens.
@Ryu
The market in Queens is getting slow especially in sale & rental market after noticed of review in Google some tenant taking photo of illegal racing or gathering Infront of guard post. Price will drop further. Just imagine if you hardly have a peaceful sleeping night (loud modified car/motorbike) when you go back home late but blocking by them & nobody cares even security. Tenant tend to move Quaywest & Zen6 for better peaceful environment.
*Just share on some tenant moving to Quaywest based on past experiences & those before tenant in Queens should know this issue.*
Hee Chan n Ryu talking to each other, in fact they are the same person.
@Hee Chan
The Muze is way way better investment in these area.
PICC is a diamond of the southern Penang with most prestigious address.
@millionaire
Got no bullet already? It’s fact.
Tenant are complaining & running to Quaywest & Zen for better peaceful night. Paid for 4k monthly with sleepless night & nothing can be done by management. Finally, they’re happy in here with at least lower noise level.
@Hee Chan
Don’t compare apple to orange here.
Seaview vs Seafront product are totally different level.
You hardly to see a seafront project alike Queens waterfront in Penang as of now.
Keep my word! This is truly a millionaire row neighborhood in most strategy & prime location in southern of Penang.
Marriott is in Q4 as part of series of waterfront development.
Don’t expect anything below 1M in Queens waterfront later. Marriott residence is first most exclusive international brand & property market in Queens is up to another level by now. It making yourself looks fool in this comparison.
@Luxem
Well said. This is the true and unbiased comment on Queens waterfront.
@Hee Chan
I think for Queens, not all units are affected by mat rempit havoc, only those units facing Queensbay are affected I believe.
@Luxem
The title of “millionaire’s row” should still belong to Gurney Drive, I can’t see anything replacing it in the near future. Of course, when people say millionaire’s row, it no longer refers to only properties worth 1 million, as you simply have too many properties worth 1 million or more in Penang nowadays. One no longer has to be “rich” to own a million ringgit property today. Any couple in their 20s who work as lowly engineers in one of those MNCs could attain a household income of more than RM10k, which could easily afford them million ringgit property.
when haters keep bashing Queens Residence then you know that Queens has successfully set the benchmark.
Thanks for the bashing ^^
@billionaire
Yes. Obviously, Gurney drive is irreplaceable reputation since long time ago as this location is first establish as so called The location which majority rich penang lang first to stay who doing business. However, in south of Penang, Queens is the only condo million ringgit which properly developed at seafront. It’s really a rare type of seafront condo in Penang. Maybe Quayside/The light city far into that category. Don’t forget Queens is one of highest price psf in current transaction Penang market now. You may check in the latest transaction data as below 3 project highest psf transaction in 2023/2024.
Mat rempit won’t be a big issue here as long as security is doing their job.
1. Marriott residence
2. V residence
3. Queens Q2
@billionaire
Wow.. billionaire mentality. How about if they block your car entrance? So, you have Queens back lane? Now I understand you have Queens front & back. Those facing road side are not real Queens. Lol. 10k earning for 2 person after deduct EPF & tax left 8.2k. Paid Queens 3.5k monthly + maintenance. Left over 4.7k. Paid some more 2 cars total 1.5k. left over 3.2k. minus petrol left rm200 left over 3k. Then minus TNB water etc misc fees left 2k for 2 person. So, each person left 1k for monthly expenses? Queens is really really poor then. Lol.
@billionaire
Worst place to buy or rent. Lousy management, noisy area with racing and car convoys happening every night and selfish guard company whom did not allow residence to drop parcel at the guard house. A lot of tenants tried reselling the units now and renting are no longer worth it Lucky i sell out early.
Even Zen6 environment more peaceful &seaview very much better here.
@Errena Clara
congratulations and good choice
@chookimhock
What is good choice?. But is best choice!!
Remember. When you bought seaview condo, a smart buyer will consider how long how wide is the seaview you get from balcony. That’s how it measure. Don’t purchase a seaview condo which you have a very narrow or side seaview which need to stretch your head to see it. Zen series seaview may not be permanent but..even definitely is far better than those small pigeon hole in waterfront.
@Hee Chan
Entrance blocked?Haha, ok. Is it that bad there at night? Yeah, people could hardly call themselves “rich” nowadays in spite of a household income of 10k. But then again, young couples with a household monthly income of 15k-20k is quite common nowadays. Anyway, whether it’s 10k, 15k, 20k, they all have their own preferences in terms of how much they spend on housing, car and discretionary items. There’s no right or wrong, just different priorities in life.
@billionaire
Check the Google review of Queens then you see the photo & understand my meaning. I surprised that you said Queens divided by 2 border. That’s why price is dropping & nobody want. Yup, it’s depending on individual preference. Those who stay Queens also may end up in lelong which not really so call rich. Those rich also can choose for Zen6/Pier. No offense.
@Luxem
@millionaire
Don’t judge based on house. Because it’s not an expensive house. Everyone can buy even a hawker at roadside. All avoiding because of some factor poorly manage/noisy on road & sky plane etc.
@Hee Chan
Queens residence already set a new benchmark in Penang.
It’s currently one of highest psf condo in south of Penang in fact is expensive which out of reach for many working class adult. Marriott already step in as 1st branded residence &price is appreciating now & even in future too. The location is prime for Queensbay.
It won’t change anything regardless of what dongkey story you’re telling here. We have millionaire’s row in north & Queens residence definitely a brand new millionaire row in south!!
Branded residence is a trending now in Penang soon after KL.
Exclusive service/home in prime luxury location.
Q4 definitely set a new height in Penang property psf price.
It could be RM1800psf for Queensbay view & starting RM2000psf onwards for seaview unit with partial or fully furnish.
@Mini Coupe
Any developer can “set a new benchmark” in south, east, west, north-west, south-west, south-east for all anyone cares, if one is buying for prestige, go for the “Northern Triangle” of PulauTikus-TanjungBunga-TanjungTokong surrounding GurneyBay, just forget about anywhere else. Penang is just too small to have any other meaningful secondary prestigious address.
But if one is buying for proximity to bayan lepas factories for convenience, can consider Gelugor-Jelutong-BayanBaru area lor. It’s 2nd class, but ok lah if it’s for the convenience of being near to work place. Can’t think of any reason staying there except for being near to factories.
Why AG guys have to blow water at other property threads? Hahaha.
No one visiting AG’s property thread? So pity. Syok sendiri.
@Hemsley
we are just speaking the truth
@chookimhock
It’s fact actually not only truth.
I am waiting for The pier to launch the high-end seafront unit.
Is the unit seafront end unit ready release for sell?
I ready to grab a units for holiday home. Looking forward 1M+ once completed…
@Hemsley
just sharing our opinion
@LL
Great. That’s right & plenty of new project surrounding offer better environment & good value than this.
@lenglong
First of all, you must understand what is the meaning of benchmark.
A level of quality that can be used as a standard when comparing others.
If everyone can said he already set a new benchmark, then there is no more benchmark. Lol.
@millionaire
Queens quality is still well below what Andaman (E&O), Moulmein Rise (Belleview) can offer, just to name a few. If u are buying for investment, location should be the number one criteria, and not quality. Of course, buying properties is not about one single factor of just “quality”, or just “price”, or just “view”, buying decisions are often a combination of many things, but nothing beats a property in a good well established location like the GurneyBay Triangle of PulauTikus-TanjungBunga-TanjungTokong. The “Goh Brothers” built quite a number of properties with below-average quality, but due to the GurneyBay Triangle location, they are Penang tycoons’ favourites.
@millionaire
So, what is the benchmark here set by Queens?
Noisy condo of benchmark in sky plane or land in night?
You couldn’t simply just say already set since got a benchmark company in Q1 right?
We are talking on peaceful neighbourhood & great Seaview like Quaywest/Zen6. FYI that’s over 40+ subsale transaction since CCC which mean that high demand from secondary market. Buyers are accepted this is a good project called home.
@felix
You’re absolutely right.
We don’t need another prestigious address like Queens waterfront as even Zen development or Quaywest slightly better than here. Only golden triangle like Gurney/pulautikus/Tanjung toking enough. Even Tamarind/Quayside & Muze PICC very much good quality & viewing than here. Marriott Q4 won’t have any impact in developments here. In fact, price is dropping now as no demand.
Marriot should JV with The Zen
@Hemsley
People see things at different angles. A lot of subsale transaction for you is good sign because got demand from secondary market.
But for most people, it might be having a lot of hidden quality defects issue or the project never meet expectation, so they decide to throw.
As for peaceful or noisy environment, different people have different preference or liking.
Some people like quiet and peaceful, but some people like happening environment like grocery shop, restaurant or shopping mall, cinema nearby.
As for sea view, you called it as “great”, how about “seafront”, not so good?
So there is no good or bad, depends on you preference or budget.
@millionaire
Wrong mindset. Don’t try to twist the issue around like roti canai. Very straight forward more transaction meaning more good demand. Purchasers are not fool & plenty did home work before enter secondary market. Seller throw the unit to sell because of high return from appreaction. 300k to 600k. 700k to 900k & 1M. Nobody will do losing business here. You want to pusing all the story but make sure is makesense. Noisy airplane path & midnight racing you called all these as happening place? You talk all already.
@Minion
well said
@felix , I recommend you go and check what is Qlassic scoring and Queens got how much for that. talk base on facts not rubbish statement like a typical keyboard warrior.
@AK
Qlassic is just a rubbish if Queens already set a new land mark benchmark for night racing. A prestigious address for night racing & poor security management.
@felix
Aiya, in penang, don’t waste your money buying super expensive condos lah. Even in your so-called gurney bay triangle, look at city of dreams, buyers all loose money like hell. Paid RM1mil+ for those small condos, now rent out RM3000+ only, cost also not enough to cover. But you look at cheap affordable apartment like I-Santorini, purchase price RM400k only, but now mostly rent out RM2000++, some more can rent out car park lots at RM130 per month, all cash flow positive for buyers, so many times better than city of dreams. Luxury, high quality for what?? If really rich, people buy E&O landed homes at seri tanjung pinang already lah.
Queens residence achieves QLASSIC score of 85% at 2021.
Meantime the highest score in QLASSIC nationwide is 88% as at 2023.
Those AG fans can check their products scores.
If grading below 75% no need to blow water.
@millionaire
Qlassic scoring is useless & is just a paper & number.
Why buying expensive condo like hell?
People buying even affordable house are earning money happily & plenty of return.
You buy a condo with expensive money but degraded like a normal condo & everyday racing game below of your house.
You couldn’t sleep daily. What is the point.. Lol. Queens is not really a good but just a noisy condo. Lol. Even Quaywest affordable fetch RM2.3k monthly rental now & just merely RM300k invested. You should know how to do your maths.
@Hee Chan
fully agreed
What is the lifespan of a condo ? 70 years ? 100 years or after 20 years it will be like padang tembak flat condition. count this way and you won’t be bother to spend 1 mil to buy a 20 years life span products.
buy 300k or 500k or 1mil condo also has the same life span right ?
@Mr Tai
If what you said is right, such as 20 years life span on condo, half of Penang island condo are awaiting to be demolished and rebuild, right?
In fact their lifespan can be improved by carrying out regular maintenance.
To be exact, the lifespan between 300k and 1 mil condo are NOT the same due to different components are used in, and the lifespan of the materials that are used in that component.
you mean 1mil condo is made buy diamond grade brick and 300k is made by recycle paper brick therefore the lifespan are different ?
will you pay 1mil for 20 years old building and live for another 20 years to total up 40 years and expect the value appreciate or depreciated after this.
@Mr Tai
Great point!! Price will decrease surely.
After 20 years it could be just 500k price tag.
Remember! That’s no 2nd Gurney millionaire row in Penang!