A hideaway in the sky complete with first class services and world class facilities, Mansion One in Georgetown, Penang is truly one of its kind in the region. Located along Jalan Sultan Ahmad Shah, the freehold development strategically faces the beautiful Gurney sea views at the same time benefiting from the surrounding amenities.
A project by Magna Putih Sdn Bhd, Mansion One was previously called Northan Tower until the developer carried out refurbishment plans. Designed to stand out in the heart of Penang’s Millionaire’s Boulevard, the name was changed to Mansion One aptly capturing the grandeur the development exudes.
Choices of Cozy to Imposing Suites
Ideal for discerning buyers looking for the perfect hideaway from the frenzied modern life but without abandoning its comforts, Northam Tower is set to experience a full blown renovation that’s expected to be completed in 2014. The project was intentionally planned to value and promote exclusivity and privacy offering a total of 336 executive suites.
Units are housed within the captivating and imposing 31-storey block with built-up ranging from a modest but cozy 583 sq.ft. units to spacious 1,406 sq.ft. suites. Choices of 1, 2 and 3 bedrooms are available giving a diverse group of investors a change to live in this luxurious paradise. Basically, there are three layouts to choose from which include:
> 146 units of 1-Bedroom Designer Suites
> 132 units of 2-Bedroom Executives
> 42 units of 3-Bedroom Executives
Targeted at today’s urbanites, each unit at Mansion One embraces an urban chic concept creating an exclusive sanctuary for individuals, young professionals or couples. For unparalleled privacy, expect to fork out a relatively low entry price of RM425,000. Considering its prestigious location surrounded with five star hotels and premier developments, the price is indeed a good deal.
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Based on its entry price, that puts Mansion One at approximately RM650 psf. Compare that to other freehold properties in the area that sells for RM900 psf, the development hands down offers one of the most attractive investments within Millionaire’s Boulevard. Despite its affordable price through, it still makes sense to double check on its fair market value. You can do that by using our free price valuation guide right here.
First Class Services & Facilities
Apart from looking regally stunning within Penang, the freehold property boasts hotel-inspired facilities. While the suites afford residents privacy, Mansion One did not forget to take care of modern conveniences. Within the building are numerous features for leisure, entertainment, wellness and recreation.
Keep up with your active and healthy lifestyle at the aerobic pool, gymnasium and clubhouse fitness corner. You may also head over to the swimming pool, jacuzzi, sauna, leisure park or reflexology path for some leisurely and relaxing time. Invite over some friends at the function room or multipurpose hall. There are also special corners for children including a playground and a games room. A business centre cafe is also available giving residents a perfect hangout place for meetings and get together.
Practical facilities are also in place. Residents can avail of the spacious basement car park while the development is ensured as a safe living environment through the round-the-clock security system.
Modern Conveniences to the Next Level
Amping up modern comfort are the surrounding amenities in the area. There’s no need to go far to enjoy the finest of city life. Shopping is always exciting for Mansion One residents. Close the site are several shopping complexes which are mostly a short drive away. Some of the popular destinations in the area include Prangin Mall, Penang Plaza, 1st Avenue Mall and Gurney Drive.
Schools are also aplenty. Parents have a wide selection of institutions nearby from primary to secondary and tertiary. Just a few minutes from Mansion One are Methodist Girl’s Secondary School and Wellesley Primary School to name a few.
What We Think
Strategically nestled between a network of major roads, Mansion One boasts of excellent connectivity. Easy access is provided for by roads including Jalan Pangkor and Jalan Sultan Ahmad Shah as well as Jalan Kelawi. The popular tourist hotspot, Gurney Drive, is a mere 15-minute away by foot while Georgetown takes even less.
Seeing that the development is situated in a thriving and bustling location, traffic problems are to be expected especially during peak hours. Nonetheless, Mansion One looks like a promising investment given its attractively affordable price. And even if this is Magna Putih’s first development, it has stirred up the competition in the area. While others are selling for RM900 psf, Mansion One entered the market at RM650 psf giving first time buyers an opportunity to eventually enjoy property appreciation.
To confirm if RM650 psf is indeed a fair market price for Mansion One, below is a free resource on price valuation that we want to give you. So, what are you waiting for? Enter your name and email to download it right away.