Prime Freehold Development Land for Sale by Tender

Jalan Paya Terubong, Penang

Reserve Price: RM41 Million
Tender Closing: 5:00 p.m., Tuesday, 15 September 2026 

A rare opportunity to acquire two adjoining freehold land parcels with prominent frontage along Jalan Paya Terubong, offering exceptional visibility, accessibility and development potential. The properties are offered for sale by private tender as a single transaction only. 

Land Details

• Lot 2490: 17,185.8497 sq m
• Lot 1397: 264.6721 sq m
• Total: 17,450.5218 sq m (187,835.67 sq ft / Approx. 4.31 acres)

The site enjoys a favourable topography, with a relatively flat frontage that gradually rises towards the rear, providing flexibility for a wide range of development concepts. With no existing plantation, site planning and preparation can be undertaken more efficiently.

Strategically positioned opposite the Paya Terubong Fire & Rescue Station and Permata Sports Complex, the property is surrounded by established residential and commercial developments, ensuring strong demand and long-term growth potential. It is also within close proximity to Penang Hill and Kek Lok Si Temple, two of Penang’s most iconic landmarks.

Accessibility is further enhanced by the Bukit Kukus paired road, providing faster connectivity to Balik Pulau and other parts of Penang Island.

This is an outstanding opportunity to acquire a sizeable, highly visible freehold development site in one of Penang’s fastest-growing corridors.

For further information or to obtain the Tender Document, please contact:

Serena Tan +60 16-496 7718 | [email protected]

Tender Closing: 5:00 p.m., Tuesday, 15 September 2026.