Overview

A rare elevated freehold landholding within Penang's establishment resort corridor, commanding panoramic Andaman Sea views and suitable for a landmark development.

Property Overview

• Land Area: Approx. 5.83 acres
• Planning Approval: 174-Unit Condominium Development
• Price: RM49 million (approx. RM193 psf, neg)

Key Highlights

• Prime elevated site within Batu Ferringhi's established coastal resort belt
• Unobstructed panoramic Andaman Sea views
• Freehold land with excellent accessibility via the upcoming NCPR
• Surrounded by established resorts, including Shangri-La Rasa Sayang

Potential Development Concepts

• Luxury sea-view residences or branded development
• Integrated wellness or lifestyle-led resort concept
• Low-Density development aligned with premium positioning

Market Fundamentals

• Demand from expatriates, MM2H and international buyers
• Limited supply of large freehold sea-view land

Catalysts & Infrastructure

• Penang Transport Master Plan (PTMP): planned LRT and road upgrades
• Penang International Airport expansion (RM1.5bn) to ~ 12m passengers