“Small is Beautiful” – this proverb works out appropriately for Penang. As the second smallest state in Malaysia, spreading over only 1,031 sq. km (293 sq. km on Penang Island and 738 sq. km on Mainland-Penang); Penang is the top 3 most developed and industrialized state in the country. In reality, land is scarce here, it is hard to find quality land for investment but JP Land will do all the hard work for you, we thoroughly screened through and only offer a handful of premium Penang land for sale, find out more in our listing browser.
The number of population in Penang grew from 1,064,166 (year 1991) to 1.5millions (year 2010) and it still continues to grow. It is the highest population density state in Malaysia, this has limited usable lands for development as major part of the Island is under conservation and classified as environmentally sensitive areas ie. hill lands, forest reserves and water catchments areas.
Over the past decade, investors have been pouring in to develop Penang – Tanjung Bungah, Tanjung Tokong (TESCO, Straits Quay), Bayan Lepas (Queensbay Mall) etc. Investments & business valuation soared up even higher for the last 5 years. Recently, Penang 2nd Bridge has launched in conjunction with announcement of IKEA that has just bought 99.15ha (245 acres) of land in Batu Kawan. Invest today in the scarcity of land and grow your assets. If you have never invested in a land before, you might want to read this – “How to buy land in Malaysia“