A parcel of development land located along Tingkat Bukit Jambul / Lebuh Bukit Jambul, within an established and matured township on Penang Island. The site is surrounded by residential neighbourhoods, educational institutions, and is within close proximity to Bayan Lepas, the airport and main arterial roads connecting to both bridges.
The land measures approximately 97,900 sqft (≈2.247 acres) and is zoned for commercial use. The tenure is 99-year leasehold interest expiring on 4 April 2100. It also comes with approvals obtained for rezoning, planning and building plans, allowing a clearer pathway towards development.
Based on the approved scheme, the site is intended for an integrated development comprising residential towers with supporting commercial and wellness components. The proposed development consists of approximately 629 units with a total gross floor area of about 1,194,000 sqft, offering a concept aligned with wellness living and lifestyle support.
The asking price is RM48,000,000 (or nearest offer). The estimated gross development value is approximately RM408,000,000, subject to final approval upon submission of development plans.
The location, surrounding catchment and existing approvals position the land as a viable opportunity for developers looking to enter or expand within the Penang Island market.
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