George Town
10450, Penang
RM 8,500,000
9,596
sqft (land)
RM 886
psf (land)
Photos
Property details
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About this property
4 Adjoining 2-Storey Commercial Shoplots @ Georgetown, Penang
An exceptional redevelopment opportunity in the heart of Georgetown, Penang’s cultural and commercial hub. This parcel of 4 adjoining 2-storey shoplots offers outstanding potential for transformation — ideal for developers, investors, or business owners looking to create a landmark project in a high-demand location.
Property Highlights:
• Land Area: 9,596 sqft
• Built-Up: N/A (ideal for reconstruction)
• Below Market Value — approx. 20% lower than comparable assets
• Suitable for own use or investment
• Rundown condition, offering prime potential for rebuilding or redevelopment up to 10+ storeys (subject to approval)
• Located strategically within walking distance to shopping malls, heritage zones, Penang’s food paradise, and popular tourist attractions
Asking Price: RM 8.5 million (Negotiable)
This is a rare chance to secure a sizable, freehold land parcel in central Georgetown at below-market value, perfect for repositioning into a boutique hotel, serviced suites, or mixed-use commercial building.
Property owners are welcome!
If you have industrial, land, or luxury properties for sale or rent, we’re ready to help you connect with serious buyers and tenants across Penang and beyond.
❈ DISCLAIMER
Information and visuals are for marketing purposes only. Actual details may vary. Viewing is encouraged for accurate assessment.
Agent Branding
Upland Realty CK Ong (REN33136)
Contact Number -*****
Email- c*****@*****
Property Highlights:
• Land Area: 9,596 sqft
• Built-Up: N/A (ideal for reconstruction)
• Below Market Value — approx. 20% lower than comparable assets
• Suitable for own use or investment
• Rundown condition, offering prime potential for rebuilding or redevelopment up to 10+ storeys (subject to approval)
• Located strategically within walking distance to shopping malls, heritage zones, Penang’s food paradise, and popular tourist attractions
Asking Price: RM 8.5 million (Negotiable)
This is a rare chance to secure a sizable, freehold land parcel in central Georgetown at below-market value, perfect for repositioning into a boutique hotel, serviced suites, or mixed-use commercial building.
Property owners are welcome!
If you have industrial, land, or luxury properties for sale or rent, we’re ready to help you connect with serious buyers and tenants across Penang and beyond.
❈ DISCLAIMER
Information and visuals are for marketing purposes only. Actual details may vary. Viewing is encouraged for accurate assessment.
Agent Branding
Upland Realty CK Ong (REN33136)
Contact Number -*****
Email- c*****@*****
Estimated mortgage
Mortgage breakdown
Est. monthly repayment
RM 0 / mo
RM 0 Principal
RM 0 Interest
Upfront costs
Total downpayment
RM 0
Downpayment
RM 0 Loan amount at 0% Loan-to-value
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FAQs
The selling price for this Commercial Land is RM 8,500,000.
10450, Penang.
9,596 sqft.
Freehold.
Our LoanCare service can help you increase your chances of home loan approval.
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