9 May, PENANG – Mah Sing Group Berhad (Mah Sing) held a topping up ceremony for Phase 1 of its Ferringhi Residence 2@Batu Ferringhi, Penang today. The ceremony symbolises the completion of the structure of the development’s Tower B building.
In attendance during the event were Mah Sing’s Chief Operating Officer, Everlyn Khaw, senior management team of Mah Sing as well as consultants and main contractors which are involved in the development of Ferringhi Residence 2.
The construction of the entire project is currently at around 50% completion with the structural work of Phase 2 (Tower A and C) still in progress. Tower B is expected to be fully completed in July 2020 while the entire project, with its two phases, is scheduled for completion by December 2020. Ferringhi Residence 2 is expected to have a total gross development value (GDV) of RM614 million.
Mah Sing Group continues to expand its foray in Penang
In 2007, the Group ventured into Penang with its first township in the island, Southbay City. This year marks the 12th year of Mah Sing’s presence in Penang. Up to date, the Group has launched over 1,800 units of properties in Penang with total GDV of approximately RM2.3 billion.
Mah Sing’s Chief Operating Officer, Everlyn Khaw said, “We are optimistic about our ongoing projects in Penang as they have been receiving encouraging take-up rates despite the challenging property sector. As our projects in Penang are located in strategic locations and consist of the right product mix that caters to different market needs, we are confident that they will continue to do well especially with various initiatives introduced by the government to stimulate the property industry.”
Everlyn also added, “The completion of the first phase of our Ferringhi Residence 2 project once again signifies a stalwart accomplishment from our group in meeting the project deadlines we have set. At the same time, we will continue to look out for ways to enhance our project features such as the automated waste collection system and multi-tier security system that we have put in place. In addition to that, we are also in the process of obtaining the BCA Green Mark certification for Ferringhi Residence 2 and this will signify our commitment to creating a sustainable development that is environmentally friendly and beneficial to the surrounding communities of the area.”
Ferringhi Residence 2 – Minimalist holiday home concept with ultra contemporary style
The 9.95-acre Ferringhi Residence 2 development in Batu Ferringhi is a freehold residential condominium located behind the Penang Hill forest range and the Teluk Bahang Forest Reserve Park within Penang’s famous holiday spot, Batu Ferringhi. It is accessible through Jalan Sungai 1 which branches off from Jalan Batu Ferringhi in front of Holiday Inn Resort Hotel.
Ferringhi Residence 2 is a resort-styled condominium designed predominantly in a North-South direction. The development comprises of three towers (32-storey high-rise residences, 10-storey mid-rise residences and 4-storeys low-rise residences) and all units are designed with its living spaces having an approximately 16-foot wide openings with a direct view towards the outdoors.
The typical layout of two and three-bedroom units are spacious with built up from 1,208 sq. ft. to 1,565 sq. ft. They are designed to have good natural ventilation and lighting. The living area, dining and kitchen are laid out in an ‘open-plan’ fashion to enhance spaciousness with a resort feel. The unit layout is adapted for modern interiors that maximizes the visual link to the contemporary exterior.
The three towers of Ferringhi Residence 2 are all linked together by a podium carpark. A uniquely designed clubhouse is located strategically between the three apartment blocks, at the top of the car park podium and in the middle of the facilities deck.
The clubhouse anchors the activities around the facilities deck by allowing crisscrossing from one side of the deck to the other through the provision of double entrances. Residents are spoiled for choice with facilities such as gym, badminton court, meeting room, infra-red sauna room, Jacuzzi, swimming pool, wading pool, tennis court, children’s playground, outdoor gym and various thematic gardens. Ferringhi Residence 2 also offers a “Renaissance Revival Garden” which is a new style of garden inspired by classical ideals of order and beauty in 15th century Rome and Florence.