The RM4.5 billion Phase 2 Light City development project will feature Penang’s largest convention centre (Penang Waterfront Convention Centre), two luxury hotels, a retail mall, a high quality office tower as well as two premium residential projects named “The Mezzo” and “The Essence”.
Construction at the 32.76 acre freehold site is expected to commence soon.
The Light City is designed as a “Smart City” and will be equipped with fibre optics and Wi-Fi infrastructure thus providing shoppers, meetings, incentives, conventions and exhibitions (MICE) delegates, hotel guests, office tenants and residents with endless access to new digital solutions and unrivalled connectivity.
At the launching ceremony recently, Penang Chief Minister Lim Guan Eng is confident that the project will be another milestone and help position Penang as the centre of attraction for MICE events.
“Penang is garnering international attention as a destination for tourists. Penang came out second in CNN’s list of 17 of the best places to visit in the world,” said Lim in his opening address.
Also present was Edward Chong, managing director of IJM Perennail Development Sdn Bhd, Pua Seck Guan, chief executive officer of Perrennial Real Estates Holdings Limited, Datuk Toh Chin Leong, senior general manager of IJM Land Berhad and director of IJM Perrennial Development Sdn Bhd.
The massive project is set to be completed in stages by 2021.