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.

About Lucerne Residences

The final phase of residential development by Ideal Property Group at Ideal Vision Park in Bayan Lepas. It is just a short drive to Penang International Airport, 10 minutes walking distance to Straits International School. The project will see two blocks of 36-storey skyscrapers featuring a European living concept. It offers 480 residential units with a 5-storey parking podium.

Find out more about Lucerne Residences

Bayan Suite, a mixed development by Mutiara Biopolis Developments Sdn. Bhd. at Bayan Mutiara. Strategically located adjacent to Tun Dr. Lim Chong Eu Expressway, just a short drive away from Penang Bridge. It is adjacent to The Zen development by Asia Green and neighboring with D’Residence gated communities. A few other on-going developments within the vicinity include QuayWest Residences, Queens Waterfront and Triuni Residences.

This development will see the construction of a 31-storey serviced residence, featuring 326 residential units with a 7-storey car parking podium. There will also be 20 units of shop offices located at the ground level.

Project Name : Bayan Suite (to be confirmed)
Location : Bayan Mutiara
Property Type : Serviced Residence
Total Units: 326 (suite), 20 (shop office)
Built-up Size: 592sq.ft. – 871sq.ft.
Developer: Mutiara Biopolis Developments Sdn. Bhd.

Location Map:

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.

The Juru-Sungai Dua elevated highway project will be carried out through the Public-Private Partnership (PPP) method, says Chief Minister Chow Kon Yeow.

According to Chow, the project’s cost also has increased to RM2 billion, from the initial estimate of RM1.8 billion.

He also thanked Prime Minister Datuk Seri Anwar Ibrahim for including the project in the 2025 Budget, which was announced on Friday (Oct 18).

The Juru-Sungai Dua elevated highway is one of the key projects highlighted in the 2025 Budget.

“I welcome this important announcement from the Prime Minister. I also appreciate the dedication and commitment of the Public Private Partnership Unit (UKAS) Prime Minister’s Department, which has collaborated closely with the Penang government to ensure this crucial project was included in the 2025 Budget.

“The next challenge will be the project’s implementation. I hope this project, along with several other key projects announced in the 2025 Budget, can be expedited due to their urgent necessity, as they can hugely benefit the people in the state,” Chow told reporters when asked about the matter today.

When asked whether the Juru-Sungai Dua elevated highway project will be toll-free once completed, Chow replied that there are already existing tolls along the route from Juru to Sungai Dua.

Additionally, Chow also expressed appreciation for the announcement of a new Urban Transformation Centre (UTC) in the Seberang Perai area, which he said would enhance the quality of public services at UTC@Komtar.

Several other key projects for Penang were announced in the 2025 Budget, including the raw water supply project from the Perak River to meet the water needs of northern Perak and Penang, the Penang Light Rail Transit (LRT), the expansion of Penang International Airport (PIA) and the Batu Kawan Industrial Park 3.

Chow said all these projects are expected to contribute significantly to the state’s overall development.

Source: Buletin Mutiara

Penang is poised to gain substantial advantages from a series of development projects highlighted in Budget 2025, unveiled by Prime Minister Datuk Anwar Ibrahim in the Dewan Rakyat on Friday (Oct 18).

Chief Minister Chow Kon Yeow described these projects as essential enhancements for the state, addressing the needs of its residents.

Anwar announced several key initiatives for Penang, including the Juru and Sungai Dua Elevated Highway projects, the Penang Light Rail Transit (LRT), the expansion of Penang International Airport (LTAPP), and the Batu Kawan Industrial Park 3.

“In addition, a new Urban Transformation Centre (UTC) in Seberang Perai is set to enhance public services currently offered at UTC @ Komtar.

“In terms of education, Universiti Sains Malaysia (USM) is exploring semiconductor artificial intelligence (AI), aligning with Malaysia’s emerging status as a global semiconductor hub.

“This initiative will bolster the university’s capabilities and attract further investment opportunities to Penang,” Chow said in a statement on Friday (Oct 18).

On the development of “wakaf” land by the federal agency UDA Holdings Bhd (UDA) in Penang, Chow expressed the state government’s full support for the initiative.

He noted this aligns with requests from various parties, including non-governmental organisations (NGOs) in the state, to redevelop Malay settlements and increase their land ownership in Penang, especially on the island.

Chow also expressed hope that the implementation of all projects announced by the Prime Minister will be expedited and adhere to the scheduled timeline.

Source: Bernama