Image source: shorefront.com.my
The Shorefront is an upmarket condominium project located just next to the famed Eastern & Oriental Hotel in Penang. Built by YTL Land (which has been making headlines of sorts with its Fennel condominium project in Sentul), it is the venerable developer’s first project in the island state, with Gross Development Value (GDV) of some RM330 million.
This upmarket condominium project features some 115 units which are housed in three blocks. Priced between RM1,200 to RM1,500 per square feet, the project is clearly targeting upper tier buyers which would typically go for KLCC and Mont Kiara condominiums in the same price range. Built-up areas range from 1,400 to 3,400 square feet. Indicative prices are about RM2.8 million upwards.
At this price range, expectations run high, but YTL seems to have all the possible angles covered. For example, the density is low with only two units on each level. Additionally, each of the units have private lifts which open up to the unit foyers individually. Also, these condominiums are low-rise with only six floors per block.
The project’s location is maximized with all three blocks designed to face the sea. Also, there are landscaped gardens in the open spaces between the buildings, while ground units have private gardens. Units on the highest floors of the three blocks have the benefit of accessing the private rooftop. Each unit will come with two car parks.
This project is gated and guarded with a clubhouse which contains a dipping pool which overlooks the sea. The clubhouse also houses a gym as well as multi-function rooms.
Shorefront Residences apparently sit on one of the last remaining locations in Georgetown which faces the sea, and apart from being next to the prestigious E&O Hotel, it is also in the heart of a World Heritage Site. This means that it has got superior accessibility to the cultural nerve of Penang.
The preview launch which was held earlier in the year received pretty strong response with some 67 units (housed in two blocks) being taken up during the event. Buyers of these units were believed to be locals as well as Penangites which were working outside the state. Subsequent launches are said to be held overseas to tap into the market of international property buyers, although the dates have not been firmed up yet at the time of the writing of this review.
The Shorefront is freehold property.