Description
Why invest in this Tourism Land For Sale In Penang?
- Zoned for tourism
- Perfect for hotel, condotel or residential projects
- Freehold title
This Tourism Land For Sale In Penang is perfectly suited for a hotel or residential project. The plot is situated in an area zoned for tourism and already is well known among local and international travelers. Freehold ownership is available to foreigners and Malaysian buyers as stated by Malaysia land ownership laws.
The Tourism Land For Sale In Penang is near the DoubleTree Resort by Hilton Penang in Batu Ferringhi. It is specifically located within Miami Bay township and is close to many popular tourist destinations, including several beaches.
The land plot is 5,719 square meters. The price is MYR5 million (US$1.1 million), although there may be some room to negotiate.
This Tourism Land For Sale In Penang would be good for a mid-range hotel. Another option would be a condotel development where units are sold to investors and then managed by a hotel brand. Find more land for sale in Malaysia!
Related: Can Foreigners Own Land In Malaysia?
Address
Open on Google Maps- Address Batu Ferringhi
- City Penang
- Country Malaysia
Details
Updated on November 14, 2022 at 12:21 pm- Property ID: A16
- Price: USD $1,100,000
- Land Area: 5719 m²
- Property Type: Land
- Property Status: Land
