Ivory’s four-storey villas with lifts

  • Business
  • Wednesday, 21 Feb 2007

PENANG: It is rare for landed homes to have lifts but Ivory Properties Group’s Moonlight Bay Villas project in Batu Ferringhi boasts of lifts in all its units. 

All 70 villas in the RM135mil gated 6ha hillside project are four stories and come with a lift each. 

General manager Chok Keng Vui said 30 villas had been sold since a sneak preview less than two weeks ago and he was confident the project would attract foreigners with its unique southern Europe hillside village concept. 

“The Moonlight Bay project is in response to the Government’s Malaysia My Second Home scheme. 

“There have been many enquiries from foreigners who want to rent the villas for six months in a year. But we will look at this option later. A lot of the purchasers now are locals,” Chok said after the project’s recent ground-breaking by the Tengku Mahkota of Pahang, Tengku Abdullah Sultan Ahmad Shah, who is one of the purchasers. Also present were Penang Chief Minister Tan Sri Dr Koh Tsu Koon and Ivory managing director Datuk Low Eng Hock. 

Chok said the villas, which would have hill and sea views, were priced from RM1.8mil to almost RM3mil each, depending on size and location. 

Chok Keng Vui (left) showing Tengku Abdullah Sultan Ahmad Shah the scale model of the project. With them are Tan Sri Dr Koh Tse Koon and Datuk Low Eng Hock (second from left).

“They have a land area of 2,600 to 6,000 sq ft and built-up area of 3,800 to 5,500 sq ft,” he said, adding that the project was due to be completed by 2010. 

Among the proposed facilities are swimming pools, a children’s playground, a jacuzzi and lookout towers, while its landscaping would include waterfalls and flowering trees. 

On the listing of Ivory on Bursa Malaysia, Chok said the company planned to submit its listing proposal to the Securities Commission in the middle of this year. 

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