Real estate seen booming in Batu Kawan

Property News/ 15 January 2014 Leave a comment

Batu Kawan, which was once a quiet backwater in Penang, will see its real estate booming because of new developments and the opening of Second Penang bridge, says property analysts.

They expect more medium to high-end residential and commercial projects from developers, and prices to move up gradually.

Currently, besides Penang Development Corp’s (PDC) Dedaun bungalow project, almost all other property developments in Batu Kawan are low-medium cost homes with no major commercial elements.

Things are slowly changing in the sleepy suburb with new projects, such as the planned theme park and golf resort development at Bandar Cassia by PDC, and One Auto Hub.

One Auto Hub, a project by PKT Logistic Group, consists of United Kingdom’s University of Hull campus, a hotel, automotive logistic facilities, warehouses, jetty and an animal sanctuary.

Mercury Securities head of research Edmund Tham said the opening of Swedish home furnishing store IKEA in Batu Kawan will further boost the town’s real estate.

“IKEA will just be one of the contributing factors to attract new crowds and population to Batu Kawan. This should be an interesting up-and-coming area to look at for both developers and prospective house buyers,” Tham said.

The IKEA store is part of a 98ha integrated shopping mall development also featuring offices and residences.

Ikano Pte Ltd, the franchisee for IKEA in Malaysia, Singapore and Thailand, formed a joint venture with Aspen Vision Land Sdn Bhd to develop the project over five to 10 years.

Tham expects property developers in the Batu Kawan area to benefit from improved infrastructure, inflow of population and workers, and demand for property.

Current listed developers in Batu Kawan and its surrounding areas include Ivory Properties Group Bhd, Malton Bhd, Paramount Corp Bhd, Tambun Indah Land Bhd, Eco World Development Group Bhd, Mah Sing Group Bhd and IJM Land Bhd.

According to a property agent, the value of a two-storey terraced house in Batu Kawan, which is 45 minutes from George Town, has increased from RM80,000 to around RM140,000 in over three years.

“Land price also costs about 30per cent more now, depending on the location in and around Batu Kawan, and developers are buying,” he said.

Source: Business Times

  1. Fin
    January 15th, 2014 at 16:06 | #1

    2 storey terraced house for 140k ….. Cheap….

  2. Bryant
    January 15th, 2014 at 16:39 | #2

    Any new project launching here anytime soon?

  3. Lee
    January 15th, 2014 at 17:02 | #3

    IKEA at the junction of north south highway and 2nd bridge leh…

  4. K2
    January 15th, 2014 at 18:50 | #4

    I think what he mean is housing price increase increment… frm 80k-140k. Mean if house bought at 200k+80K=280k for the past. Now if bought at 200k+140=340K. But I can guarantee you can’t find any 2 storey terrace with 340K ady now.

  5. bingo
    January 15th, 2014 at 19:33 | #5


    @Fin dont know English. LOL

  6. bingo
    January 15th, 2014 at 19:36 | #6


    @ K2 and you also expressed wrongly. LOL

  7. bingo
    January 15th, 2014 at 19:39 | #7


    The double storey terrace without fencing 18*38 was sold at 80k. You are right. Now sub-sales is 140k. It is rather small but look fine. The shear wall design has restricted the possibly renovation. It looks like low cost house but definitely value for monies buy.

  8. Hemsley
    January 16th, 2014 at 09:49 | #8

    This place is almost the total size of Bt Maung + Sg Ara + Relau, maybe including Teluk Kumbar. I think it needs not less than ~20 years to be developed into a decent place to live.

  9. Shark
    January 16th, 2014 at 13:24 | #9

    Bryant :Any new project launching here anytime soon?

    no new projects at this time, only talk and suggestions. Yes maybe take 15-20 years to develop

  10. Bryant
    January 16th, 2014 at 15:14 | #10

    Though leasehold land, maybe good for rental yield.

  1. July 22nd, 2017 at 03:52 | #1
  2. February 8th, 2018 at 05:39 | #2
(You can also Login/Register to submit your comment using unique ID)

Comment Guidelines
  • Avoid political discussion.
  • Comments with inappropriate wordings or personal attack may be moderated or deleted.
  • Developer must register before comment. All anonymous comments claimed to be from developer without registration will be deleted.
  • All advertisement in the comment will be deleted. Please contact us for advertising details.

To advertise your property in this page under "Related Properties for Sale/Rent":
 1. Submit your property at PenangPropertySale.com, it's FREE!
 (Please do not advertise your property in the comment)