Banyan Tree launches Penang beach resort units for sale-leaseback

Singapore

HOTEL-management company Banyan Tree Holdings and Malaysian boutique property developer Senja Aman Group yesterday launched the sale of luxury suites for the Angsana Teluk Bahang beach resort in Penang.

Offered for sale through strata titles at the launch held at the Grand Hyatt Kuala Lumpur were 150 fully-furnished two-bedroom suites; the units, which range from 950 sq ft to 1,200 sq ft in size, are slated to be ready in early 2017.

They are priced from RM1.6 million to RM3 million (S$621,000 to S$1.2 mil…