PENANG (Aug 18): Tower B of Mah Sing Group Bhd’s Ferringhi Residence 2 in Penang recorded an 84% take-up rate over a weekend.
Ferringhi Residence Tower B was launched last weekend (Aug 13). Some 120 units were open for bookings which saw 101 units sold, amounting to an 84% take-up rate.
The 9.95-acre resort condominium offers three types of layouts: 2-bedroom (1,208 sq ft), 3-bedroom (1,494 sq ft) and 3+1-bedroom (1,565 sq ft) units with prices starting from RM720,000 or RM570 psf.
“We are very pleased with the impressive take-up rate at the launch. We believe buyers are confident with our brand because we continuously deliver homes that exceed expectations,” said Mah Sing group managing director Tan Sri Leong Hoy Kum in a press statement today.
He said one of the unique selling points of the development is its strategic location. Ferringhi Residence 2 is situated in the vicinity of international beach hotels and 5-star resort condos.
“The International School of Penang (Uplands), is also just a stone’s throw away from the development. As one of the leading boarding schools in Malaysia, Uplands bought two blocks of condo villas at Ferringhi Residence (phase 1) as boarding for its students,” said Leong.
Ferringhi Residence 2 offers resort-style living with an unblocked sea view. Residents can walk from their homes to visit tourist sidewalks along the road or hop on a complimentary bus shuttle ride (service made available upon completion of the development) to Gurney Drive.