KUALA LUMPUR: Malaysians will get first dibs on Ballymore Group’s City Island new mixed-use development near Canary Wharf and East London during its exclusive launch next month.

City Island comprises two blocks of 196 one-, two- and three-bedroom apartment units. It will be open for sale exclusively for Malaysians on Oct 11, the group said in a statement recently.

“City Island is a collaboration between Ballymore and legendary ‘placemaker’ Eric Reynolds (Urban Space Management) as its cultural ‘curator’. Working together they will bring a singular cultural vision for City Island, curating boutique shops and outstanding eateries alongside a wide-ranging programme of arts and events,” it said.

The development will offer one-bedroom suites from 390 sq ft to 592 sq ft; one-bedroom apartments from 490 sq ft to 529 sq ft; two-bedroom apartments from 750 sq ft to 1,200 sq ft; three-bedroom units from  983 sq ft to 1,160 sq ft; and penthouses from 1,196 sq ft to 1,305 sq ft. Average prices are pegged at £640 (RM3,311) per sq ft.

At this price, buyers can expect partially-furnished units with built-ins, while other facilities include a gymnasium, heated outdoor swimming pool and spa, landscaping and access to The Grocer, a store, deli and café, said the group.

The 12-acre (4.8ha) City Island project on Leamouth island, touted by the developer as a “mini-Manhattan”, will comprise 1,700 new apartment units, al fresco spaces, waterside parks, vibrant new bars and restaurants, artist studios, boutique shops, school and private residents’ club. Transport is available on the Jubilee Line and Docklands Line Rail via the Canning Town hub station.

The project has a gross development value of £850 million and is due for completion in 2017. — by Lam Jian Wyn


This article first appeared in The Edge Financial Daily, on September 27, 2013.