WHERE IS IT?
The most famous beach enclave on the island of Penang is Batu Ferringhi, but just as appealing are the white sands and cerulean waters at Teluk Bahang – home to this ambitious new development. Penang, of course, is long established as one of Malaysia’s most appealing destinations. Away from the paradise beaches, the island boasts attractions aplenty from the heritage architecture of its capital Georgetown to its famed culinary scene.
WHAT’S THE STORY?
Due for completion by the end of 2017, this is the first resort development in Malaysia to be managed by the Banyan Tree group, under its Angsana brand. Utilising the talents of local and international design, architecture and landscaping firms, the property is inspired by 1930s Straits architecture, as well Penang’s Peranakan heritage.
Naturally, given the property’s prime beachfront location, the Andaman Sea is key to the appeal here. The indoor-outdoor main lobby takes full advantage of the oceanfront location while each of the suites have direct beach access as well as panoramic views of the water. Forested hills, meanwhile, provide a lush backdrop. The property’s architecture carries traces of Penang’s rich history and luxurious suites are both spacious and generously appointed.
Three dining venues and two bars including a specialty restaurant, a sports bar and a beach club cater to the entertainment needs of investors. There are also two infinity pools, a spa and a yoga pavilion.
The development integrates best practices in green building and adheres to the principles of EarthCheck Sustainable Design Standards – an Australian founded global standard geared towards sustainable tourism.
The property offers sale and leaseback opportunities when units are managed by the hotel. Projections show that unit yields have estimated returns of 5-7 percent.