Discover this extraordinary 83,764 sq.ft. freehold land parcel positioned in the sought-after Air Itam area of Penang. This exceptional investment opportunity offers one of the largest private residential land parcels available on the island with tremendous development potential.

Property Highlights

• Type: Bungalow Land
• Location: Air Itam, Penang
• Sale Price: RM 3,350,000
• Land Area: 83,764 sq.ft. (1.92 acres)
• Tenure: Freehold
• Lot Status: Non-Bumi Lot

Prime Features

• Extraordinary land size rarely available in Penang
• Premium development potential in established area
• Non-Bumi lot status for unrestricted ownership
• Freehold tenure ensuring perpetual ownership rights
• Exceptional value at approximately RM 40 per sq.ft.
• One of the largest private residential lands available
• Perfect for estate development or subdivision

Strategic Location

• Prime position in established Air Itam neighborhood
• Proximity to Kek Lok Si Temple and Penang Hill
• Convenient access to Georgetown and major thoroughfares
• Near educational institutions and local amenities
• Surrounded by mature residential neighborhoods
• Balance of accessibility and tranquility
• Rich in natural greenery and peaceful surroundings

This extraordinary property offers unparalleled opportunity for visionary investors or developers seeking to create a magnificent private estate, luxury development, or multiple residences in one of Penang's most established areas.

Investment Potential

• Rare freehold land of significant size in land-scarce Penang
• Excellent development potential for multiple luxury residences
• Opportunity for subdivision into smaller land parcels
• Potential for boutique development with proper approvals
• Strategic investment in appreciating Penang real estate market
• Value appreciation potential with suitable development
• Opportunity to create a landmark property in Air Itam.

For viewing appointments,
Please contact:
Claudia Thong
📱 +60 12-215 1139
📧 myluxspace.co@gmail.com
🌐 myluxspace.co