About Terraces Condominium

A highrise residential development by IJM Land at Bukit Jambul, Penang. Strategically located on 9.32 acres of land next to INTI International College. It comprises a 34-storey condominium tower, featuring 410 residential units with two different design types to choose from.

*Photo taken in Sept 2024

Find out more about Terraces Condominium

MKS Instruments Inc (MKS), a global technology solutions provider, is investing US$100 million to establish aa super centre factory in Batu Kawan. This facility will support wafer fabrication equipment production for regional and global markets.

MKS Executive Vice-President David Henry announced that the factory will be developed in three phases, with the first phase scheduled for completion in the first half of 2026. The 500,000-square-foot facility, situated on a 6.88-hectare plot, is expected to create around 1,000 jobs.

Speaking at the groundbreaking ceremony, Henry highlighted Penang’s strategic advantages, including its strong semiconductor ecosystem, proximity to customers and suppliers, and advanced technology infrastructure. He said, “Expanding into Penang strengthens our global footprint and enhances our capabilities in semiconductor manufacturing applications.”

Bukit Tambun state assemblyman Goh Choon Aik, who also serves as InvestPenang’s director, officiated the ceremony. He emphasized Penang’s position as a preferred destination for electronics and electrical investments in Southeast Asia. “With five decades of industrialization and a reputation for technological excellence, Penang continues to attract global investors,” Goh said.

Also present at the event were the United States Embassy’s Commercial Counsellor, Francis Peters, and InvestPenang CEO, Datuk Loo Lee Lian.

MKS Instruments’ decision to expand into Penang underscores the state’s growing appeal to high-tech industries and strengthens its role as a key player in the global semiconductor supply chain.

The project developer, Mass Rapid Transit Corp Sdn Bhd (MRT Corp), is currently considering a few locations for the groundbreaking ceremony of Penang’s highly anticipated Light Rail Transit (LRT) project.

State Infrastructure, Transport and Digital Committee chairman Zairil Khir Johari said the much-awaited groundbreaking event is scheduled to take place at the end of this year.

“MRT Corp is in the process of identifying a suitable site to initiate the construction works. They are currently finalising various factors, including logistical concerns and other relevant considerations.

“Construction works can begin simultaneously at a few places, which is up to the project developer to decide,” he said at the sidelines of a media conference in Komtar after being asked by a reporter about the updates of the project.

He added that he had recently met with MRT Corp, and discussions with the SRS Consortium are in their final stages, with the project expected to move forward once all details are settled.

Source: Buletin Mutiara

Ascott Residences Batu Ferringhi Penang, a proposed luxury residences located on a 1.1-acre freehold site along the coastal road of Jalan Batu Ferringhi, occupying the site of the former Boon Siew Villa. The 43-storey building will feature a total of 99 units, including 72 two-bedroom residences of 2,000 square feet, 26 four-bedroom residences of 4,000 square feet, and a 8,000 square-foot penthouse.

The development is designed to provide both relaxation and social engagement, with a variety of top-tier amenities. On the ground floor, residents will find a concierge desk, an event area, and a serene garden. The 9th floor includes a swimming pool, a fully equipped gym, a resident’s lounge that can be converted into a private dining space, a steam and sauna room, a kids’ play area, and a BBQ area.

The project is scheduled for completion by the end of 2027, with an anticipated opening date of January 1, 2028. Ascott will manage the property under an initial 20-year agreement. Currently in the planning stage and pending approval, further details about the development will be available upon its official launch.

Project Name: Ascott Residences Batu Ferringhi Penang
Location : Batu Ferringhi
Property Type : Condominium
Built-up Size: 2,000sq.ft. – 8,000sq.ft.
Land Area: 1.1 acres
Total Units: 99
Land Tenure: Freehold
Indicative Price : (to be confirmed)
Developer: Instant Icon Sdn. Bhd.

DISCLAIMER: This article is solely based on research done using publicly available data. This is not an advertisement. Any claim, statistic, quote or other representation about a project or service should be verified with the developer, provider, or party in question.

Singaporean real estate and lodging company, The Ascott Ltd, is joining forces with Instant Icon Sdn Bhd (VST Property Group) to develop Ascott Residences Batu Ferringhi Penang. This upscale seafront development is expected to open its doors to residents in January 2028. Set to elevate Penang’s luxury living landscape, the project features 99 exclusive residences, specifically designed for owner-occupation.

Mondi Mecja, Ascott’s Country General Manager for Malaysia, expressed excitement about the development, stating, “We are enhancing our portfolio with this premium branded residence in Penang, reflecting Ascott’s commitment to offering high-quality accommodations tailored to various stay purposes.” The project will be located strategically along Penang’s northern coastline, between Tanjung Bungah and Batu Ferringhi, offering residents unblocked sea views and direct beach access.

The development promises a refined living experience with units ranging from 2,000 to 4,000 square feet and a luxurious 8,000 square-foot penthouse. Ascott Residences Batu Ferringhi aims to attract discerning owners seeking luxury holiday homes or retirement properties in a tranquil beachfront setting.

Mecja highlighted the project’s unique appeal: “Ascott Residences Batu Ferringhi Penang blends tranquil seaside views with refined living.” The property will feature top-tier facilities including a swimming pool, a gym, a resident’s lounge, and a dedicated concierge desk offering personalized services. These amenities are designed to provide a luxurious and relaxed lifestyle for residents, fostering a sense of community and social engagement.

This marks the second collaboration between Ascott and Instant Icon, following the successful launch of lyf Georgetown Penang, which introduced a social living concept to the island. Mecja expressed confidence in the continued partnership, adding that the exceptional location and design of Ascott Residences Batu Ferringhi will further strengthen Ascott’s brand in the luxury living segment.

Datuk Yeoh Yih Sean, Group Managing Director of Instant Icon, also emphasized the importance of the collaboration, noting that the project meets the growing demand for premium accommodations in Penang. He remarked, “We are excited to introduce another first, a new branded residence under the prestigious Ascott brand, which will enhance Penang’s luxury living landscape.”

This latest development is part of Ascott’s long-term expansion in Malaysia. The company, which has operated in the country for 25 years, now has a presence in 12 cities. Penang, in particular, has been a key growth area for Ascott, with 11 properties currently in operation and four more in the pipeline, including Ascott Residences Batu Ferringhi.

With its prime location, exceptional design, and focus on owner-occupiers, Ascott Residences Batu Ferringhi is set to redefine luxury beachfront living in Penang, catering to those seeking a high-end, serene lifestyle by the sea.