GEORGE TOWN: Ivory Properties Group Bhd's Moonlight Bay development in Batu Ferringhi, Penang has been highly commended for Best Leisure Development at the Asia Pacific Property Awards 2011 in association with Bloomberg Television.
Famed for its villages on the hill concept, Moonlight Bay is an open resort-style gated development overlooking the sea with a GDV of RM188.7 million.
The group's chief operating officer Datuk Ooi Chin Loo said the award is proof that Ivory is capable of beating some exceedingly strong contenders within the highly competitive Asia Pacific property arena.
"It is definitely a recognition and boost of confidence for Ivory to continue 'building a better world for our future generations' (Ivory's tagline)," he said after receiving the award from the International Property Awards president Stuart Shield at a gala presentation dinner at a hotel in Shanghai recently.
Last year, Ivory's Penang Times Square was highly commended in the Best Mixed-use Development category.
Ooi said Moonlight Bay is equipped with security services, landscaped greenery, stonework retaining walls, pocket parks and cascading water features.
"It offers residents an ideal sanctuary to enjoy peace and tranquility away from the city's hustle and bustle, bringing them closer to nature.
"It has a strategic location which is in near places of interest like Butterfly Farm, Tropical Fruit Farm, Batu Ferringhi night market, restaurants and pubs," he said.
The project, featuring 70 units of resort-style villas and 20 units of condo villas, perched on a 6ha (14.8 acres) of freehold land and elevated approximately 30m above sea-level at the lowest point.
Each villa is equipped with a home elevator and two common elevators are housed in the observation towers to facilitate movement from the hilltop to the facilities area and vice versa.
The development also features facilities like swimming pool, playground, jacuzzi, gymnasium, community hall and jogging path.
Ooi said Moonlight Bay is a shining example of a safe model of hillside development cited at a biennial international forum on slope development.
"The system of reinforced soil segmental retaining walls used in the construction of Moonlight Bay is gaining popularity in luxury end property development against the conventional rigid retaining wall system.
"This system meets stringent engineering standards and practice which are imposed by the Public Works Department and the Road Engineering Association of Malaysia," he said.
The villas are currently priced from RM2.69 million with a built up area ranging from 3,800 sq ft to 5,700 sq ft while the condo villas are priced from RM1.29 million with a built up area ranging from 1,950 sq ft to 2,200 sq ft.
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