The Light City, a large-scale integrated mixed-use waterfront development in Gelugor, Penang. This is a joint venture development between IJM Corp Bhd and Perennial Real Estates Holdings Ltd.
Positioned as Penang’s premier integrated waterfront precinct, The Light City will have a total gross development value of over RM4.5 billion, said IJM Perennial Development in a statement.
The Light City will have a total gross floor area of about 4.1 million sq ft, comprising a retail mall, Penang’s largest convention centre to be called Penang Waterfront Convention Centre, two hotels to be operated by renowned hotel brands, a 28-storey office tower, and two premium residential projects named The Mezzo and The Essence.
The luxury hotels will be housed in a 37-storey tower, consisting a total of 745 rooms. The Mezzo will have two 34-storey residential towers with 456 homes and The Essence will house 315 units of homes over two 37-storey residential towers.
According to IJM Perennial Development, The Light City is designed as a ‘Smart City’ and will be equipped with fibre optics and Wi-Fi infrastructure, providing shoppers, Meetings, Incentives, Conventions and Exhibitions (MICE) delegates, hotel guests, office tenants, and residents with endless access to new digital solutions and online connectivity.
Construction at the 32.76-acre freehold site is expected to commence soon and the project is slated for completion by 2021.
Property Project : The Light City
Location : Gelugor, Penang
Property Type : Integrated development
Total Units : (to be confirmed)
Indicative Price : (to be confirmed)
Developer : IJM Perennial Development
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