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Continue Reading ⋅ 30 January 2023
Beacon Executive Suites along Jalan Sungai Pinang at George Town in Penang Island is a development comprising small office, home office (SOHO units) developed by the Aspen Group. There are 227 units in all housed within a 30-storey tower sited on a 0.48ha freehold plot with a commercial land title and a gross development value of about RM150 million.
Buyers can choose from two types of configurations. Apart from the same built up area of 980 sq ft, both kinds have 2+1 bedrooms and 2 bathrooms. Unit prices start from RM686,000, which works out to at least RM700 per sq ft. The project is expected to be completed by 2019.
Address: No. 142, Lebuh Sungai Pinang, George Town, 10150 George Town, Pulau Pinang
Property Type: Serviced residence/ Small Office, Home Office (SOHO)
Land Title: Commercial
No of Storeys: 30
No of Blocks: 1
Total Units: 227
Tenure: Freehold
Sales Gallery: Aspen Vision City Sales Gallery, Lebuhraya Bandar Cassia, 14110 Batu Kawan, Penang
Site GPS Coordinates: 5.409244, 100.317680
Expected Date of Completion: 2019
Built-up area: From 980 sq ft
Facilities:
- Water feature
- Outdoor deck
- Business lounge
- Pavilion
- Sun terrace
- Sky bar
- Sky lobby
- Sky gymnasium
- Event lounge
- Pre-event lounge
- VIP lounge
- Kids’ pool
- Infinity sky pool
- Indoor lounge
- Indoor gymnasium
Launch Price: From RM686,000
Price psf: From RM700 per sq ft
Maintenance Fee psf:
Parking Bay/s per Unit: 2
Project Details
Beacon Executive Suites offers a total of 227 SOHO units. These are contained within a 30-storey tower sited on a 0.48ha freehold plot with a commercial land title and a gross development value of about RM150 million.
Buyers can select from two types of layouts. Apart from having same size of 980 sq ft, both categories have 2 + 1 bedrooms and 2 bathrooms. Unit prices start from RM686,000, which works out to about RM700 per sq ft.
|
Category |
Size |
Layouts |
Price |
Price psf |
|
Type A |
980 sq ft |
2 + 1 bedrooms, 2 bathrooms |
From RM686,000 |
From RM700 psf |
|
Type B |
980 sq ft |
2 + 1 bedrooms, 2 bathrooms |
Beacon Executive Suites feature many facilities and amenities. There’s a sky podium at the highest level commanding a magnificent 360-degree view over Penang Island. The sky podium also comes with an infinity pool, lounge, gym and many more.
Aside from being furnished to allow buyers to immediately move in, each unit comes with an array of smart home features. These include Amazon’s virtual assistant Alexa and an Internet of Things (IoT) hub that lets residents connect multiple smart devices inside their unit. Furthermore, residents will be provided with on-the-go mobile apps, 24hr real and virtual concierge services, as well as real time mobile security alerts.
Location
The main selling point of Beacon Executive Suites is it’s situated near George Town’s core, which has been declared as a UNESCO World Heritage Site. By car, you only need to spend 6 minutes to reach the 65-storey Kompleks Tunku Abdul Rahman (Komtar), the state government’s office and the tallest tower in Penang at 232 metres.
Penang’s City Stadium is just a 400 metres walk away, while travelling to the Police Headquarters only takes 7 minutes. There are also several shopping centres close by. 1st Avenue Mall is a 6-minute ride away, and you only need to drive about 5 minutes away to reach Penang Times Square, which consists of office blocks, a shopping mall and an outdoor plaza.
The development is also within close proximity to hotels and healthcare facilities. Red Rock Hotel and Sunway Hotel Georgetown are both reachable in 4 minutes by car. Penang General Hospital and Loh Guan Lye Specialists Centre are both a 3-minute drive, while Island Hospital is 5 minutes away.
More importantly, Beacon Executive Suites is near the top tourist attractions of Penang. For instance, travelling to Cheong Fatt Tze Mansion, Clan Jetties (Penang Heritage Trail), Kapitan Keling Mosque, Khoo Kongsi, the Goddess of Mercy Temple, Fort Cornwallis and Sri Mariamman Temple only takes 7-10 minutes, while Malaysia’s largest Buddhist temple Kek Lok Si Temple is farther at 14 minutes.
If you have kids, finding a school is not a hassle. The Penang Japanese School is just a 350m walk, while many others are within a 1km radius. These include Wonderland Learning Day-care centre, SMK Abdulla Munshi, SJK Tong Sian C, SMJK Convent Datuk Keramat, SJKC Convent Datuk Keramat and The Penang Buddhist Association Kindergarten.
Furthermore, Beacon Executive Suites is strategically located in Jalan Sungai Pinang, which is directly connected to several main roads. For example, there’s Jalan Perak that leads to Gelugor or Gurney Drive, a world-famous seafront promenade known for its street food. Another nearby highway is Jalan Jelutong, which leads to the George Town Heritage Zone, while Lebuhraya Tun Dr Lim Chong Eu allows motorist to go to Weld Quay or Penang Bridge.
Analysis
We compared Beacon Executive Suites with two other freehold developments in the vicinity namely, Tropicana 218 Macalister and Sunrise @ Gurney. The result — the development surpassed its contenders in terms of affordability in psf terms. But Tropicana 218 has the lowest starting sell price.
|
Name |
Location |
Completion Date |
Tenure |
Average Price PSF |
Price |
Total units |
|
Beacon Executive Suites |
Georgetown |
2019 |
Freehold |
From RM700 |
From RM686,000 |
227 SOHOs |
|
Tropicana 218 Macalister |
Georgetown |
2018 |
Freehold |
From RM1,000 |
Suites from RM520,000 |
211 suites, 88 residences |
|
Sunrise @ Gurney |
Gurney Drive |
2015 |
Freehold |
From RM 1,200 |
RM1.1m – RM1.8m |
Summary
Beacon Executive Suites’ most attractive attribute is its location as it is nestled within one of the most coveted areas in Penang, Jalan Sungai Pinang. With this prime address, not only is it near downtown Penang, but also close to George Town’s heart, which has been declared as a UNESCO World Heritage Site.
However, its location is also its downside. Because it’s along the river bank of Sungai Pinang, the area where the building is being constructed was flooded in recent years. Nonetheless, Water, Land and Natural Resources Minister Dr A. Xavier Jayakumar announced in September 2018 that they will start phase 3 of the Sungai Pinang Flood Mitigation Plan (RTB) by April 2019. Hopefully, this will solve the area’s flooding woes.
The development is ideal for own occupation as well as an investment property given its sought-after location, which is among the top considerations when buying a home or investment property.
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