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How much do you think land costs in Penang?

July 13th, 2017 Leave a comment 中文版

Land is the most important asset to a property developer as it enables the developer to sustain and grow its business. The constant rise in land prices is the simplest reason that explains the escalating property price especially those in prime areas.

We have solicited some actual data from reliable sources (mostly from NAPIC) for land transacted in 2016/2017. Hopefully this will shed some lights for those who has been very curious on land prices in Penang. For those who own a land or any landed property in those areas, you can do a quick math to figure out how much your property is worth now.

Land transacted at more than RM10mil in 2016/2017

Land transacted at more than RM10mil in 2016/2017

 

A 12,000 sq.ft. bungalow lot at Macalister Road is so far the most expensive land transacted in 2016 at RM14.5mil, equivalent to RM1,208 per sq.ft.

It is also worth mentioning that the land in Northern and Central Seberang Perai is coming on par with some areas in the Island.

 

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  1. James
    July 13th, 2017 at 17:37 | #1

    No Residential title in price per sq ft for sg ara

  2. Ah Teong
    July 13th, 2017 at 17:44 | #2

    Still very cheap!

  3. HaHa
    July 14th, 2017 at 14:39 | #3

    Both Aeon and Tesco is situated along Jalan Rozhan but it reports that land cost is only Rm25/sqft….that may be true more than 17 years ago! What bullshit is this?

  4. Ah Teong
    July 14th, 2017 at 17:42 | #4

    @HaHa
    Dude, good observation !

  5. Phileo Damansara
    July 15th, 2017 at 03:50 | #5

    This website is turning out to be a farce. Lots of vested interests and biased articles. No wonder hits per month has decreased

  6. Novus Buyer
    July 18th, 2017 at 12:33 | #6

    Jalan Rohzan, BM @ RM25/sft for commercial? So cheap?

  7. Tracy Chan
    July 18th, 2017 at 14:46 | #7

    any idea for rental terms in condition in Penang. Should tanant paid in advance and another 2 months security deposit to landloard
    tks

  8. edisongan
    July 18th, 2017 at 15:44 | #8

    @Novus Buyer
    Hahha….You believe? If you can find please let us know ar…Hahah..
    The new condo along the road is asking for RM380-420/sqf min now..Well, that’s selling price but usually developers do the mark up from land cost + labour cost + material cost + time cost

    So, how could it be such cheap lane at Alma..I doubt too…

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