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The City of Dreams project site

The property development in connection with the tunnel is about to start with earnest with the RM800m City of Dreams project having received approval from the Penang Island City Council.

City of Dreams involves the construction of a total of 522 luxury serviced apartments in two 38-storey towers on a 3.7 acre site in Sri Tanjung Pinang in Tanjung Tokong. Sea-front apartments will be priced from RM1200 per sq ft, which is reportedly lower than E & O’s nearby RM1800psf high-end condos.