According to the news, there will be a proposed 4 star hotel located in the proposed RM1.1bil Penang International City. Penang International City is located on a 100-acre site in Bayan Lepas of Penang Island.
Ideal Property is developing the project through a joint venture with Koperasi Tunas Muda.
It comprises some 1,800 landed residential and high-rise properties, which make up 80% of the project, with commercial properties taking up the rest.
The strategy of Ideal Property is to first launch the residential components, strengthen the infrastructure, and then move on to the commercial phase, comprising a four-star hotel, a 250,000 sq ft lifestyle shopping mall, and a 150,000 sq ft resort office building, equipped with recreational facilities, besides modern IT infrastructure.
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