OVERVIEW PERFORMANCE SUSTAINABILITY FINANCIALS APPENDIX The Light City, located on the eastern coastline of Penang Island, will be one of the city’s first mega integrated waterfront icons. The iconic development comprises a retail mall, The Waterfront Shoppes, Penang Waterfront Convention Centre, hotel and office components, as well as residential projects, Mezzo and Lightwater Residences. The landmark integrated development will offer premium living by the sea, an unparalleled retail mall with waterside dining, the largest convention centre in Penang, as well as world-class offices and international hotels. Imbued with Penang’s cultural heritage, the retail and entertainment components will feature its charming historical architecture and renowned hawker food fare, making it a ‘must-see’ waterfront precinct for locals and tourists in the bustling city. The Light City will enjoy excellent transport connectivity via land, rail and air. It is strategically situated about 1 kilometre (“km”) from the famous Penang Bridge and about 12 km from the Penang Second Bridge, linking Penang Island to mainland Malaysia. The integrated development is also about 5 km from Penang’s capital, George Town, 16 km from the Penang International Airport and is easily accessible via the Tun Dr Lim Chong Eu Expressway and a planned Light Rail Transit system. Against Penang’s backdrop of increasing affluence, growing demand for better quality office buildings, higher discretionary spending and an upturn in the tourism industry, The Light City is well-positioned to be the destination of choice for locals and travellers alike, with its attractive synergy from its blend of residential, leisure and hospitality. THE LIGHT CITY, PENANG THE LIGHT CITY, 槟城 REAL ESTATE 75 ANNUAL REPORT 2023
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