Dubbed as “The Pearl of the Orient,” the island of Penang is a sight to behold. Nestled within this gorgeous locale is said to be one of the island’s most popular landmarks namely Straits Quay. Inspired by Mediterranean style, the integrated leasehold development boasts of stunningly elegant architecture and a seafront location. To be exact, it is positioned at Tanjung Tokong in Seri Tanjung Pinang neighbouring other premier developments including Quayside, The Brezza and The Jazz Residence.
Penang’s “The Pearl of the Orient”
Developed by E&O Property Development, an established developer renowned for premier properties in prime locations, Straits Quay is a testament to the brand’s sterling track record. Some of its latest projects include Quayside, The Mews, St. Mary and The Andaman Series.
Straits Quay was completed in November 2010 as a suites and retail mall project. There are 3 gorgeous blocks comprising the development in addition to the fully-equipped marina. Spanning 12.4 acres, the first component was the 3-storey retail mall featuring a total of 100 units targeted to attract 100 tenants.
The Retail Mall
Within its retail mall are array of shops, both local and international, offering ample choices for dining and retail therapy. Some of tenants are popular and worldclass brands including:
> Charlie Brown Cafe
> Bella Marino
> Four Season Bakery
> Secret Recipe
Luxury Seafront Living
Apart from the mall, another equally important component of Straits Quay is its residential aspect namely The Suites at Waterside. There are 160 units of serviced apartments housed at Straits Quay featuring built-ups ranging from 853 to 1,800 sq.ft. Choices of 1 to 2 bedroom suites are available at a launch price of about RM600 psf. Subsale price, on one hand, was set from RM618,000.
For the sake of being sure, you can use our price valuation guide to double check if Straits Quay suites are fairly priced.
Each unit is designed with optimal spaciousness in mind. Adding more allure to its contemporary façade is the extended lanai and the quality furnishings, finishing and modern appliance. High ceilings, tall windows and state-of-the-art facilities set the serviced apartment apart as the cream of the crop.
Some of the lifestyle facilities to enjoy within the comforts of your home are the swimming pool, sauna and Jacuzzi. There’s also a gymnasium in place satisfying those who crave for an active and healthy lifestyle.
Another residential component comprising Straits Quay is reffered to as the Quayside Seafront Resort Condominium. The project spans 4.5 acres featuring upscale units and the first of its kind in the region.
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A Thriving Well-Serviced Location
With the retail mall sitting right next to the residences, there is never a problem when it comes to meeting daily needs. Exciting shopping is right at your fingertips and majority of the facilities and establishment you’ll need are walking distance from your exclusive seafront haven.
Connecting the development to the rest of Penang are several routes including Jalan Tanjung Tokong and Jalan Fettes. Access to Straits Quay is also possible via Persiaran Gurney.
Our Two Cents Worth
Spanning 1,000 acres of prime land, there’s no question that Straits Quay in Seri Tanjung Pinang is not only one of the island’s iconic masterpieces but also of the country. This massive and meticulously planned waterfront neighbourhood is only poised for stardom in the real estate scene which means residential developments and commercial retail lots are expected to appreciate well in the coming years.
To date, Straits Quay’s first phase is nearing completion. It is a 240-acre project which houses luxury residences, condominiums and villas facing the seafront. Included in the collection are the aforementioned Quayside Seafront Resort Condominium and The Suites at Waterside. Because of its prestige and unprecedented modern convenience, this component of Straits Quay has been dubbed as the new “Millionaire’s Row” of Penang. This also means that investing in Penang’s finest landmark is an excellent move if capital appreciation and high rental yield is what you have in mind.
To know more about Straits Quay’s residential units and its fair market value, you can download our free ebook guide below.