Straits City boasts an enviable seafront location in the CBD of historic Butterworth and overlooks George Town with breathtaking views to the Straits of Penang.
It is a timely development that rides on the back of the Malaysian Government’s ambitious plans for Butterworth and Seberang Perai, the Greater Butterworth region.
Identified as the future catalyst of growth for Penang in the State Government’s Vision 2030 plan, the population of Butterworth is projected to reach 1.2 million by 2030 accounting for 55% of the state’s total population.
Straits City is strategically located and connected to
numerous cities throughout South-East Asia, China
and India via, air, sea and land travels.
Straits City is a sustainably built environment achieved through the use of energy-efficient systems, equipment and architectural design.
Likewise, smart features and innovations utilising artificial intelligence and data analytics are deployed throughout the development to provide an elevated living, working and playing experience.
Incorporated in 1887, The Straits Trading Company Limited is a conglomerate-investment company with diversified operations and financial interests internationally in resources, property and hospitality.
Its investments comprise majority or strategic stakes in Malaysia Smelting Corporation Berhad, which is dual-listed on Bursa Malaysia and SGX-ST; Straits Real Estate; ARA Asset Management Limited and Far East Hospitality Holdings as well as a diversified property portfolio that is wholly-owned by the Group.
Straits Trading is majority-owned by the Tecity Group, an organization founded by the late banker and philanthropist Tan Sri (Dr) Tan Chin Tuan. The Tecity Group comprises a public-listed arm, The Straits Trading Company Limited; an investment arm, Tecity Management and a philanthropic arm, Tan Chin Tuan Foundation.
The Straits Trading Company Limited’s footprint in Penang can be traced as far back as 1902 when its smelting plant officially began operations at Butterworth. The company made its mark on Penang’s property development scene in 1983 with Taman Selat in Butterworth comprising 95 shophouses.