Penang


	INTRODUCTION		NEW DEVELOPMENTS		FOR SALE		FOR RENT

Introduction

A popular tourist destination, Penang is an island located on the north-west coast of Peninsular Malaysia. Relatively urbanised and with a limited supply of land, most of the newer projects are mainly high rise developments replacing the older buildings. Luxury residential developments are being built along the northern coastline as well as in selected areas in the south-eastern region, near the airport.

Available Developments

New Developments

"Super condos" are being built in prime locations including the suburbs of Geogetown and along the coastal areas of Bayan Bay, Gurney Drive, Bayan Lepas and Tanjong Tokong.

With prices exceeding RM1 million and boasting build-up areas of more than 2,000 sqft, these "super condos" encapsulate an impressive mixture of factors, such as the finest furnishings, details and design concepts, and are setting new standards for luxury living in Penang.

Indicative price: RM400 psf and above

Available Listings

Resale

The resale market for luxury condominiums is concentrated in the northern region as it continues to be a popular residential area. Jessleton Park, Batu Feringgi and Tanjong Bunga remain as some of the most prestigious addresses for landed residential property.

Indicative price: Condominiums RM350 psf. Landed properties RM2 to 3mil and above

Available Listings

Rental

Georgetown and along the coast of Bayan Bay, Gurney Drive and Tanjong Tokong are some of the most sought-after areas, commanding the highest rental rates. Each neighbourhood has a unique set of attractions that has enabled them to maintain their appeal and meet the needs of their respective niche markets. There are also numerous landed property rental options in these areas.

Indicative rental rate: RM3 psf and above

More information

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