A PENANG housing project inspired by the sun-washed blue domes of a Greek isle was awarded at FIABCI World Prix d’Excellence Awards 2025.
Ideal Property Group’s (Ideal)I-Santorini development received gold in the Affordable Housing category.
Located in Tanjung Tokong, the project stood out for its blend of cost-efficient housing with premium lifestyle features.
Its clean white facades, cobalt blue accents, cabanas and Mediterranean-style landscaping mirror the famed island of Santorini, reinterpreted for Penang’s urban setting.
The FIABCI World Prix d’Excellence is organised by the International Real Estate Federation and is regarded as one of the industry’s leading honours.
Developers must first win at the national level before qualifying to compete globally.
Winners are selected by a panel of international experts, who assess design quality, functionality, sustainability, innovation and community impact.
In this context, I-Santorini’s combination of aesthetics and affordability helped edge out other finalists from around the world.
While designed as affordable housing, the development offers residents features typically seen in high-end properties, including landscaped recreational zones and views of the Malacca Straits.
Accessibility was also a factor in its triumph.
Located near 14 local and international schools, the project is within easy reach of medical centres, parks, financial institutions and shopping hubs such as a marina mall and hypermarket.
The award comes a year after the group’s Queens Residences Q2@Queens Waterfront clinched gold in the luxury residential category, marking back-to-back wins at the FIABCI international level.
Ideal currently has eight active developments, including office towers, industrial zones, seafront residences and more affordable housing units.
Three projects are scheduled for completion in the second half of this year. ― By LO TERN CHERN
