Queens City, an integrated and self-contained township located on the southwest end of Penang Island, has attracted substantial interest from both Malaysian and foreign buyers. Oct 25, 2007
Positive Response for Penang’s Queens City
Queens City, an integrated and self-contained township located on the southwest end of Penang Island, has attracted substantial interest from both Malaysian and foreign buyers. Oct 25, 2007
Queens City, an integrated and self-contained township located on the southwest end of Penang Island, has attracted substantial interest from both Malaysian and foreign buyers. The RM1 billion project
, which is part of the 30 hectare Queensbay masterplan development, will offer spectacular views of the Penang Bridge and feature a stunning waterfront promenade. To be developed by the Kuala Lumpur-based CP Group, the 6.4 hectare waterfront development will offer retail and food and beverage outlets, fully-furnished serviced residences, office suites and as well as a five-star hotel. The CP Group, which owns and manages the Eastin Hotel in Kuala Lumpur, is investing over RM100 million in the five-star business-class hotel in Queensbay. Slated for completion in end-2008, the hotel will boast a 2,000 person capacity ballroom among other amenities. Also planned for construction are four blocks of office suites targeted at Multimedia Super Corridor (MSC) status tenants. The group has confirmed plans to build a back-up 33KV power substation which will be ready by 2009. Construction of the Queens City development is expected to commence next year and due to be completed by 2012.
