Penang Property Focus: A life of luxury with Ivory
Datuk Low Eng Hock , Ivory Properties Group , Moonlight Bay
By Regina William of The Edge Malaysia
Sunday, 15 August 2010 00:00
Driving up the winding road to the tourist belt of Batu Ferringhi in Penang, it’s hard to miss the grand homes being built atop a nearby hill. Penang-based Ivory Properties Group says that with its iconic development, Moonlight Bay, it is raising the bar for luxury living on the island.
IS THIS REFERRING TO JALAN BATU FERRINGHI THE LONGEST AND MOST DANGEROUS CAR PARK IN PENANG. WHERE AMBULANCES AND CEMENT TRUCKS MIX WITH BUSES AND MOTORCYCLES, ALL DODGING THE POT HOLES AND OPEN DRAINAGE SYSTEM!
Moonlight Bay was inspired by the charm of the southern European-Mediterranean seaside towns, where villas are built on terraces with sweeping views of the sea. YES YOUR ARTIST IMPRESSIONS LOOK GREAT. HOW ABOUT SOME PHOTOS OF THE REAL THING? OR IS IT POSSIBLE THAT EVEN YOU ARE TOO EMBARRASSED TO SHOW IT FOR WHAT IT IS?
Ivory touts the development, with a GDV of RM190 million, as being like no other in the country. THANK YOU FOR THAT AT LEAST. PROMISE US IVORY THAT YOU WILL NEVER AGAIN BUILD A MONSTROSITY LIKE THIS.
Moonlight Bay raises the bar for luxury living on Penang Island IT DESTROYED A HILL SIDE WE WILL GIVE YOU THAT MUCH!
Sprawling (ACTUALLY STACKED UP ON A NEAR VERTICAL HILL SIDE)over 5.6ha, Moonlight Bay comprises only 70, 4-storey villas and 20 “condovillas” equipped with state-of-the-art-security systems, landscaped gardens, pocket parks, cascading water features,(ESPECIALLY WHEN IT RAINS AND ALL THAT MUD ENDS UP IN THE SEA BELOW) swimming pools,(GOOD AT LEAST THEY WON'T HAVE TO SWIM IN THE SEWAGE BELOW) indoor and outdoor gyms, a 3-storey club house and service lift towers to allow residents to move easily from the top tier 250 ft above sea level to the bottom tier.
Ivory Group managing director Datuk Low Eng Hock
Addressing concerns over building on hillsides, Ivory group managing director Datuk Low Eng Hock says the project adheres to local hillslope development guidelines as well as the guidelines for similar developments in Hong Kong, where they are common.
YES LET HONG KONG KEEP THEM! HILL SLOPE DEVELOPMENT OF MAXIMUM 3 STORIES? MAXIMUM OF 15 HOMES TO THE ACRE? THOSE LOCAL HILL SIDE DEVELOPMENT GUIDELINES?
A retaining wall system that meets both US and European safety standards was built. Because of Moonlight Bay’s elevation there is a low density requirement, but Ivory opted to build 50% fewer units than permitted under the guidelines. The project has been described as an engineering and technical feat because of the challenges of the construction. Each stage was monitored and certified by three teams of independent engineers. STILT HOUSES WITH A WALL TO HIDE THE STILTS SO THAT THE UNSUSPECTING PEOPLE FROM HONG KONG AND SINGAPORE DON'T SEE THEM!
The foundation of each invidividual 4-storey villa is reinforced with caisson piles strong enough structurally to support a 10-storey building. AS LONG AS THE HILL SLOPE IS STABLE AND DOES NOT MOVE!
Retaining as much of the greenery as possible, the entire site has been landscaped into a resort-style garden. TAKE ANOTHER LOOK! THIS WAS ONCE A RAINFOREST SLOPE IT IS NOW BROWN EARTH AND CONCRETE! YOU COULD PAINT ALL THOSE WALLS GREEN!
Low says creating Moonlight Bay was not easy but it is a masterpiece among Ivory’s projects and it has already won several international property awards.THE UGLIEST SITE IN THE WORLD?
The villas, each with its own private lift, have land areas ranging from 2,350 sq ft to 6,550 sq ft and built-ups from 3,800 sq ft to 5,500 sq ft. They are priced from RM2.7 million to RM4.6 million (RM646 per sq ft).
The condovillas range in size from 1,950 sq ft to 2,200 sq ft with prices starting at RM1.2 million to RM1.4 million (RM618 per sq ft). Fifty-eight of the villas and seven of the condovillas have been sold.
Buyers come from as far away as the US, the UK, Italy, Hong Kong, Taiwan, the Middle East, Singapore and Indonesia. The keys should be handed over to the owners in August. YET MORE "FOR SALE" SIGNS GOING UP IN AUGUST AS IF WE DON'T HAVE ENOUGH EMPTY PROPERTIES ALREADY!
Resort style living at 10 Island Resort
Just a stone’s throw away from Moonlight bay(WHICH YOU FAIL TO SHOW IN THE ARTISTS IMPRESSIONS) is another Ivory project — 10 Island Resort at the famed Miami Beach in Batu Ferringhi, with a spectacular seafront hillside setting.(ANOTHER ILLEGAL HILL SLOPE DEVELOPMENT)
10 Island Resort, with a GDV of RM193 million, comprises three blocks with 266 condominiums and 15, 4-storey resort villas. The density of the condos is low, with only four units per floor on the regular levels, two units on the executive floors and one unit on the penthouse floor. Each unit has a sea view.
Prices range from RM479 per sq ft, with built-ups from 1,100 sq ft to 3,200 sq ft. Completion is expected in 2012. Facilities include a swimming pool and other recreational facilities.
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