20 Most Active Projects in Penang (2H 2019)

Statistics/ 31 December 2019 Leave a comment


As we are welcoming a brand new year in just a couple of hours, let’s take a look at the 20 most active projects in second half of 2019.

At a glance, 60% of the top 20 list are from affordable housing projects. The Zen condominium continues to hog the limelight being the most popular housing project in Penang. This project is part of the mixed development by Asia Green located next to Tun Dr. Lim Chong Eu Expressway. Comprises more than 2,000 condominium units in two 46-storey residential towers, 1,200 units of which are categorized under affordable housing. The project is now sold out.

The Rise, ranked 2nd, is a recently completed affordable housing scheme by Penang State Government.  Located at Jalan S.P. Chelliah in Georgetown, comprises 770 low-medium cost units of 700 sq ft priced at RM72,500, 883 medium cost units of 800 sq ft priced at RM200,000, 165 units of 900 sq ft priced at RM300,000 and 275 units of 1,000 sq ft priced at RM400,000. It is now completed with CCC.

This is followed by Penang International Exchange (PIX), a proposed commercial development by Ideal Property Group in Bayan Baru. Strategically located next to the intersection of Jalan Tengah and Jalan Mayang Pasir, near Pantai Hospital. It sits on a 16 acres land, comprises the land currently occupied by Giant Hypermarket and the adjacent vacant land.

Havana Beach Residence (ranked 5th) and Terraces Condominium (ranked 17th) are two newly launched projects in second half of 2019.

Camdon @ Eco Horizon is the only project in Mainland that made it to the top 20 list. Located just a stone’s throw away from IKEA Batu Kawan, featuring a new development concept with three different landed property types. Indicative price starting from only RM426k onwards.

* Projects are ranked based on the pageviews recorded in Google Analytic web traffic report for PenangPropertyTalk.com.


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