Penang International Exchange, a proposed commercial development by Ideal Property Group in Bayan Baru. Strategically located next to the intersection of Jalan Tengah and Jalan Mayang Pasir, near Pantai Hospital. This master planned development sits on a 16 acres land, comprises the land currently occupied by Giant Hypermarket and the adjacent vacant land. It is within walking distance to Sunshine Square and Bayan Baru wet market.
This development will see the demolition of the existing 2-storey building, for the construction of several high-rise towers and shop offices in multiple phases:
Parcel 1
- Tower A1: 39-storey serviced residence (589 units)
- Tower A2: 39-storey serviced residence (589 units)
- Tower B: 39-storey serviced residence (820 units)
- 3-storey shop offices (55 units)
Parcel 2
- Tower C: 27-storey office suites
- 3-storey shop offices (30 units)
Parcel 3
- 23-storey office suites (Tower B)
- 2-storey commercial lot at ground and first level
Parcel 4
- 43-storey serviced residence (Tower A1 – 1,088 units)
- 50-storey serviced residence (Tower A2 – 280 units)
- 3-storey commercial lot (22 units)
Project Name: Penang International Exchange (formerly known as Bayan Baru City Centre)
Location : Bayan Baru / Bayan Lepas
Property Type : Mixed development
Built-up Size: (to be confirmed)
Total Units: (refer to above)
Indicative Price: (to be confirmed)
Developer : Ideal Property Group
Register your interest here
Location Map:
