Nibong Tebal 68.41 Acres Development Land

RM 113,268,104

For Sale

Nibong Tebal, Penang, Malaysia

Overview
Property ID: 737
Agent: Cindy 60107797910
Property Type
Land
Description
ID Code: SPS001
Strategic Location: Located in Nibong Tebal / Bandar Baharu growth corridor, nearby Batu Kawan Industrial Zone, Simpang Ampat, Sungai Bakap, Parit Buntar township. Easy access via North-South Highway and Federal Route connections.
属于 Penang South Mainland Expansion Zone
Cadastral: Mukim 09, District Seberang Perai Selatan, Tenure Freehold. Total 68.41 acres (Contiguous Land)
Zoning & Land Use: Agriculture (Tiada specific restriction), under RSNPP 2030 / DRTSP 2030. Planned Residential (Perumahan Terancang), Density R2: 11 units/acre (low density), Max: 12–30 units/acre.
Land Condition / Contour: Flat to gently undulating, large contiguous shape. Suitable for township development, phased development, infrastructure planning.
Risk & Constraints: No restriction (Sekatan Kepentingan Tiada), no major legal encumbrance found. Land conversion required (Agriculture → Residential). Clean title.
Pricing & Market Position: Asking Price RM38 psf; estimated GDV positioning entry land cost undervalued vs Batu Kawan expansion.
Developer angle: Early entry into South Penang spillover market with strong upside from infrastructure growth.
Developer Positioning: Suitable for township developer, affordable housing developer, mid-scale residential project, land bank investor.