A seafront development site named Island Bay Resort in the idyllic coastal area of Batu Ferringhi on Penang Island in Malaysia is for sale, with Colliers Hotels & Leisure and Henry Butcher Real Estate (Penang) Sdn Bhd as the joint exclusive marketing agents.
Batu Ferringhi is renowned for its pristine sandy beaches, crystal clear waters and breathtaking sunsets. Over the years, it has established itself as an international tourist destination with high-end resorts, luxury condominiums and upscale malls.
The parcel of development land available in Batu Ferringhi offers a unique opportunity to acquire a prime, freehold seafront plot of 23.031 acres (over one million sq ft) to curate an upscale lifestyle destination with a mix of amenities that will appeal to both locals and tourists seeking a primary home or even a vacation home.
“With its stunning seafront location and panoramic views, this land parcel has the potential to be developed into a world-class resort destination,” says Zoe Zhou, Colliers director of hotels & leisure Asia. “The land size, accessibility, infrastructure and zoning permits present an ideal canvas for a mixed-use development or a wellness resort with luxury seafront residences and serviced apartments.”
Batu Ferringhi’s popularity as a tourist destination ensures a steady stream of visitors seeking exclusive experiences, luxury accommodations and vibrant entertainment options. Nearby attractions include tropical rainforests, cultural landmarks and vibrant night markets, further enhancing Batu Ferringhi’s appeal as a prime investment market.
With Penang’s strategic location and thriving industries, coupled with the Penang Tourism Master Plan 2021 to 2030 focusing on high-yield tourism, such as healthcare and wellness, this parcel of land in Batu Ferringhi offers immense potential for creating an iconic destination.
The site’s location at Batu Ferringhi makes it ideal for a world-class, upscale, serviced residence focusing on wellness, health, and relaxation.
Interested parties are invited to evaluate this investment opportunity with the expression of interest closing at 3pm on Feb 2, 2024.
For more information, please contact:
Colliers International (Singapore) Pte Ltd
Licence No. L3004691J
Director, Hotels & Leisure
Office Phone: +65 6531 8578
Mobile: +65 8332 0313
CEA Registration No: R050232H
Henry Butcher Real Estate (Penang) Sdn Bhd
Licence no. E(1)0501/5