Landed houses in Penang draw buyers with space and Penang-style living
Bukit Mertajam’s landed-home launches sold out in three days last month, with developers booking RM520 million in sales, according to property tracker Real Estate and Housing Developers’ Association Malaysia.
Source: Jiankun International Berhad · August 4, 2026 at 11:02 PM · AI-assisted report
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PENANG, 5 AUGUST 2026 —
Bukit Mertajam’s landed-home launches sold out in three days last month, with developers booking RM520 million in sales, according to property tracker Real Estate and Housing Developers’ Association Malaysia.
Market Impact
The three projects, all in the Nibong Tebal parliamentary seat, offered freehold single-storey homes of at least 2,300 sq ft on plots measuring 3,000 sq ft. The average price was RM290,000 per unit, roughly 7 % below the islandwide landed average of RM312,000 reported in the second quarter, Real Estate and Housing Developers’ Association Malaysia data show.
Developers said the quick sell-out reflected Penang’s enduring appeal for families seeking a landed home without the island’s premium prices. “The Nibong Tebal projects are effectively the last affordable landed entry point within 30 minutes of George Town,” said a spokesperson for Eastern & Oriental Bhd, which marketed two of the three estates.
The estates include gated entrances, 24-hour security and shared facilities such as children’s playgrounds and community gardens. Lots are laid out to maximise cross-ventilation, a design feature buyers valued after the Covid-19 years, according to the developers’ post-sales survey.
The land scarcity that keeps Penang’s landed prices high has also made these developments attractive to investors. Rental yields for similar homes in the area are running at 4 % to 4.5 %, above the national landed average of 3.2 %, said an unnamed investment analyst at a local bank.
Real Estate and Housing Developers’ Association Malaysia said the Nibong Tebal launches were part of a broader rebound in landed sales across Seberang Perai. Units launched in the first half rose 16 % year-on-year to 2,140, while median prices climbed 5 % to RM275,000.
Analysts warn that the next wave of supply could be smaller. Two of the three estates were on 40-acre tracts originally zoned for agriculture; the remaining land in Nibong Tebal is held by state-linked companies and smaller holders, making large contiguous parcels scarce.
For owner-occupiers, the estates offer open-plan living areas and built-in solar panels, features that add about RM20,000 to the construction cost but cut utility bills by 15 %, according to Eastern & Oriental’s estimate.
Developers have yet to release a second phase for any of the three projects, and Real Estate and Housing Developers’ Association Malaysia said no further launches are expected before year-end.
Related: Penang