Developed by the Ivory Properties Group, the project has a gross development value (GDV) estimated at more than RM190 million.
The project director, Murly Manokharan, said Moonlight Bay comprised 70 units of four-storey villas and a 20-unit condominium complete with security features, a recreational park, swimming pool and sports facilities.
He told reporters here today that the 14-hectare Moonlight Bay would have a sea view with South European design features.
"This location is much sought after by investors and home owners, especially those looking for the ideal place, to experience peace of mind and far from the daily hassle of city life," he explained.
According to Murly, the villas measuring between 900 sq m to 2,600 sq m, come with a lift facility to each unit while the condominiums measure 800 sq m.
"The price of each condominium unit starts from RM1.2 million to RM1.3 million, while the villas are priced between RM2.7 million to RM4.4 million," he said.
All units for non-Bumiputera have been sold while registration is still open for the Bumiputera take-up.
Moonlight Bay was named winner of the, "In Penang My Preferred Second Home Property 2007", and has also won a number of awards at the international level.
By Bernama
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