GEORGETOWN, Jul 9 – Berjaya Industry having a briefing session yesterday morning at Penang Turf Club about the Jesselton Villas which will be build behind Penang Turf Club. The project was entails with 58-acres of guarded freehold land surrounded by lush vistas and pristine forest hillside and more than 40% of units of the first parcel have been already sold out.
Jesselton Villas was divided into 3 parcels with the Kensington Gardens (Parcel 1) consisting of 26 acres, while Parcel 2 consists of 18 acres and Parcel 3 consists of 14 acres. Meanwhile, the development date of Parcel 2 and 3 is yet to be announced, Kensington Gardens is set to begin its first phase construction in the 4th quarter of 2015.
It will be 69 units of bungalow lots in sizes ranging from 5,995 sq.ft to 9,634 sq.ft with the average selling price of each lot at RM674 per sq.ft. Its gross development value is RM321 million out of the total gross development value of RM900 million for the entire project.
Besides that, the security is also utmost importance and residents can enjoy greater peace of mind with the 24-hour security patrols, CCTV cameras as well as guard posts at the main entrances on Jesselton Villas. The development will be completed with the most sophisticated infrastructure ready for connection within the plot boundary.
“Jesselton Villas is unequalled anywhere in Penang. Its premium stretch of Freehold Bungalow Lots sits on the most desirable locations on the island. It was incorporates the finer elements of communal living features making the best use of space, walkability and connectivity through generous green belts, mirroring the place-making strategy that has transformed cities,” said Mr Eason Phan.
“We are confident that this development will become a prominent residential landmark in Penang with boundless investment potential resulting from its holistic and sustainable design approach in place-making a new development. In the same time, Penang had established itself as being on par with Kuala Lumpur in terms of attracting investments and livability,” Eason added.
“Lastly, we have also committed with our founder Tan Sri Vincent Tan and our chairman and CEO Datuk Seri Robin Tan to make this a reality,” he said when asked if the current political and economic climate may affect the project during the media briefing at its sales office which located on the same project site at the Penang Turf Club.