SINGAPORE (May 9): IJM Perennial Development, a joint venture between IJM Corporation and Perennial Real Estate Holdings officially unveiled The Light City, an integrated mixed-use waterfront development located in Gelugor on the eastern coast of Penang, Malaysia.

The total gross development value of the project is expected to exceed RM4.5 billion ($1.5 billion). Construction at the 32.76 acre freehold site is starting soon with 2021 being the expected completion date.

Positioned as Penang’s premier integrated waterfront precinct, The Light City will have a total gross floor area (GFA) of 4.1 million sf, and comprise a retail mall, Penang’s largest convention centre, Penang Waterfront Convention Centre (PWCC), two luxury hotels to be operated by renowned hotel brands, a high quality office tower, as well as two premium residential projects, named as The Mezzo and The Essence.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
Related Stories

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook