Ferringhi Residence

Ever dreamed of owning a hilltop villa by the beach in an island? Well now you can, with the newly completed Phase 1 of Ferringhi Residence in Batu Ferringhi, Penang. This freehold condo villa is the latest development by Mah Sing Group in the island. Thus far, Mah Sing Group has completed almost 10 projects in Penang with its member Uptrend Housing Development Sdn Bhd. Mah Sing Group has over 20 years of experience in property development and specializes in premier lifestyle developments. The hillside residential development is a truly a place where residents can have peace of mind in the bustling island of Penang. The various facilities available within the compounds are also designed with the idea of maintaining that state of mind. Lush greenery surrounding the development, will immediately envelope you with a sense of calm when you step into the grounds of Ferringhi Residence. Six themed gardens have been included as part of the landscape in development by Mah Sing Group. While the residence itself is fashioned like a paradise on island, its strategic location is the main source of attraction for buyers. Among others, it is located within a short distance from a plethora of five star hotels and resorts in the likes of Hard Rock Hotel, Holiday Inn, Rasa Sayang Resort & Spa. Batu Ferringhi is also home to the International School of Uplands, a renowned international school in Penang, which is located just a stone’s throw away from the residence. The public transport is also a convenience with a bus stop located right opposite Ferringhi Residence. The bus that stops here would allow residents to hop onto it and head on to the beach and also all the way to Gurney Plaza, a contemporary mall located by the famous street food strip at Gurney Drive. In addition to that, the developers also intend to provide complimentary shuttle buses to residents that will take them to Gurney Drive. One may not need to head all the way to the inner island for meals as Batu Ferringhi hosts a delectable array of food ranging from Arabic to Chinese to Western both in casual and fine dining atmospheres. Summer Beach House Seafood, Tarbush, The Ship and food courts will provide plenty of options for residents to scratch their heads in contemplation of what to eat for dinner. The nearest hospital would be Gleaneagles and Island Hospital located about 14 km and 15 km respectively but plenty of clinics are nearby such as Poliklinik See and Klinik Batu Ferringhi. Finally, since Batu Ferringhi is a tourist spot, it is within a short distance from sightseeing point of interests such as the tropical fruit garden, butterfly farm, Tanjung Bungah Dam, and the night bazaar. If the thought of being surrounded by people irks you or terrifies you so, stay home at the residence. There are plenty of amenities that would entertain you such as a sauna, infinity pool, tennis court, gym, lifestyle café, and jogging tracks. When all else fails, you can always look out your window and the panoramic sea view should keep you happy. There are 20 condos each with 5-storeys available within the residence. The total units come up to 210 units, with each floor containing only two units assuring residents that their privacy is of utmost importance. The condo villa in Ferringhi Residence comes with built-up ranging from 1,510 to 1,752 sq ft. As for the layouts, Type B1 has four bedrooms and four bathrooms and a private garden with the main at a built up area of 1,510 sq ft and the accessory parcel at 242 sq ft. Type B2 has 3 + 1 bedrooms and 3 bathrooms with the main parcel at a built up area of 1,510 sq ft. Type A1 has 3 + 1 bedrooms and 3 bathrooms with the main parcel slightly bigger at 1,656 sq ft. All units come with cabinets and paneling installed in the living room, bedrooms and kitchen area. Each unit owner will be provided two parking bays per unit. Since land is quite scarce in Penang, and the strata titled residence comes with quite a few amenities, the listing price starts at RM 1.25 million. The units are estimated to fetch a rental yield of around RM 3,000 in the market. The price per sq ft is set at RM850 and maintenance fee is set at RM 0.30 per sq ft and will be free for one year from date of Handing over Vacant Possession (HOVP). The customary 5% bumiputra discount will apply when purchasing these units. Mah Sing has quite a few developments under its belt such as the Icon Residence (Penang), Icon Residence (Mont Kiara), and D'Sara Sentral, Sungai Buloh. Aside from Ferringhi Residences, there are quite a few properties available in Batu Ferringhi such as 10 Island Resort, Miami Green, Eden Seaview Condominium, Mar Vista and Bayu Ferringhi.