Jalan Burma Road
George Town, Penang
RM 65,000,000
Negotiable
22,367
sqft (land)
RM 2,906
psf (land)
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Property details
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About this property
Burma Road Land for Sale
Land for Sale
or (Optional):
JOINT VENTURE & INVESTMENT PROPOSAL
Service Apartment Development Project – George Town, Penang
We are offering a high-end service apartment development project located in the prime area of George Town, Penang. Developers, investors, and buyers are welcome to discuss collaboration.
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Land Information
Land Size: 22,367 sq ft
Plot Ratio: 5
Approved Built-up Area: 111,026 sq ft
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Project Concept
This project is designed as a modern service apartment development to meet the high market demand in George Town. It is suitable for residential living, long-term rental, or short-term stay operations, and offers excellent investment value and market potential.
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Sales Projection
Net Sellable Area: 111,026 sq ft
Estimated Market Selling Price: RM 1,900 per sq ft
Estimated Gross Sales Value (GSV): approx. RM 210,000,000
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Cooperation Model
Joint Venture Structure (JV)
Profit Sharing: 50% / 50%
A formal JV agreement will be signed between the landowner and the developer, covering project financing, approvals, construction, operations, and sales.
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Investment / Acquisition Options
Investors may participate in this development project with RM 40 million cash.
Investor Advantages:
High return potential
Participation in a prime Penang project
Transparent project management and financial reporting
Negotiable equity or profit-sharing arrangement
Clear and secure investment structure
or (Optional):
JOINT VENTURE & INVESTMENT PROPOSAL
Service Apartment Development Project – George Town, Penang
We are offering a high-end service apartment development project located in the prime area of George Town, Penang. Developers, investors, and buyers are welcome to discuss collaboration.
---
Land Information
Land Size: 22,367 sq ft
Plot Ratio: 5
Approved Built-up Area: 111,026 sq ft
---
Project Concept
This project is designed as a modern service apartment development to meet the high market demand in George Town. It is suitable for residential living, long-term rental, or short-term stay operations, and offers excellent investment value and market potential.
---
Sales Projection
Net Sellable Area: 111,026 sq ft
Estimated Market Selling Price: RM 1,900 per sq ft
Estimated Gross Sales Value (GSV): approx. RM 210,000,000
---
Cooperation Model
Joint Venture Structure (JV)
Profit Sharing: 50% / 50%
A formal JV agreement will be signed between the landowner and the developer, covering project financing, approvals, construction, operations, and sales.
---
Investment / Acquisition Options
Investors may participate in this development project with RM 40 million cash.
Investor Advantages:
High return potential
Participation in a prime Penang project
Transparent project management and financial reporting
Negotiable equity or profit-sharing arrangement
Clear and secure investment structure
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 unit for sale in George Town, Penang is RM 65,000,000.
No.
George Town, Penang.
The estimated loan repayment amount is RM 279,287 / mo.
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