Penang, Malaysia, 21 October 2024 – Malaysian developer Instant Icon Sdn. Bhd. is partnering with The Ascott Limited (Ascott), the lodging business unit wholly owned by CapitaLand Investment (CLI), to launch the first branded residence under Ascott's flagship namesake brand known for its sophisticated approach to luxury living and celebration of the fine arts. Named Ascott Residences Batu Ferringhi Penang, the greenfield development will feature 99 exclusive residences for sale that embody elegance and artistic flair. It is set to break new ground in Penang's luxury living market, with a strong focus on owner occupation. Strategically located along the picturesque coastline between the prestigious residential area of Tanjung Bungah and the popular resort destination of Batu Ferringhi, Ascott Residences Batu Ferringhi Penang will offer unblocked sea views with direct beach access. Set to welcome residents from January 2028, this property will feature a diverse selection of spacious living options, ranging from 2,000 to 4,000 square feet, along with a stunning penthouse that exceeds 8,000 square feet. Catering primarily to discerning owners-occupiers looking for luxury holiday or retirement homes in a prime beachfront location, Ascott Residences Batu Ferringhi Penang provides an unparalleled lifestyle experience that blends tranquil seaside views with refined living. In addition to a dedicated concierge desk that offers personalised services, residents can enjoy an exceptional array of premium facilities and amenities tailored for relaxation and socialising. These include a swimming pool, a well-equipped gym and a resident's lounge, among others. A Growing Partnership Dato Yeoh Yih Sean, Group Managing Director of Instant Icon Sdn. Bhd., said: “We are delighted to continue our fruitful partnership with Ascott in Malaysia. Following the success of lyf Georgetown Penang, the first lyf property on the island, we are excited to introduce another first, a new branded residence under the prestigious Ascott brand. This innovative addition will enhance Penang’s luxury living landscape and meet the growing demand for premium accommodations.” “Our collaboration with Ascott reflects our shared commitment to delivering exceptional stay experiences. We believe this new branded residence will strengthen our presence in Penang's vibrant hospitality market, resonating with both residents and travellers. As we explore further growth opportunities, we remain dedicated to providing high-quality, diverse living options that cater to modern lifestyles,” he added. Ms Sophie Mougel, Vice President, Strategy and Regional General Manager, Philippines & Malaysia, Ascott, said: “This marks our second collaboration with Instant Icon Sdn. Bhd., following lyf
