For
SALE MYR 22,000,000
per month
MYR 46/sq.ft
Title: Freehold
Tenure: 0 Years
Bedroom:
Bathroom:
Built-up Area: 0 sq.ft
Land Area: 474,804 sq.ft.
Others:
Tenanted
Rental Return: MYR 0
No of Years: 0
Commencement Date :
The subject property located on the Penang Hill is comprised of a total of five lots (nos. 9, 11, 12, 115 & 116), totalling up to circa 10.9 acres. For sale MYR 22M (circa MYR 48 per sqft) o.n.o.
Video tour: https://www.instagram.com/tv/CUd3-e2jMnU/?utm_medium=copy_link
Rises in between heights 300 to 400 meters above sea level. Located at mid-levels of Penang Hill.
Freehold tenure — extremely rare as majority of lands at Penang Hill Summit are leasehold.
Sited in between the Moniot Road and Point 84 rest area. Approximately 5 minutes to reach the top of Penang Hill. Accessible from two routes and hiking trails. Circa 5 minutes to reach Penang Botanical Gardens.
The most ideal route is via JKR Jeep Track Road (circa 5 minutes drive from Penang Botanical Gardens).
The land has DIRECT ACCESS from JKR Jeep Track Road. Development of road access (for 4-wheel drive) is most ideal from the site in between Moniot Road and P84 from JKR Jeep Track Road.
Remains of kitchen and stairs of former dwelling is sited on the subject land — it is permissible to build a house around the blue-print of the former dwelling.
Ideal for eco-tourism project, agricultural use or as a personal holiday home. An orchard by nature — ideal as a plantation-agricultural land. At the present the site has more than 100 durian trees and several other fruit trees such as nangka, rambutans, mangosteens, red jambu air and nutmegs.
Breathtaking views of the Air Itam city, George Town and the Penang Bridge. 5-10min walk from the subject property and you'll find the The Golden Stupas of Penang Hill.
Important to note that leasehold lands on Penang Hill are due for renewal in 2027 and current renewal leases for 99 year tenure are ranging between approx. MYR 80-110/sqft.