REF CODE: KVNR_71.38.39
From 2020 to 2025, areas around the Pasar Bisik Kuala Muda corridor in Penaga, Seberang Perai Utara (SPU) have seen steady growth, fueled by rising commercial activity, improved infrastructure, and growing interest in mixed-use land. The subject property comprises 9.68 acres (approximately 421,660.8 square feet) of First Grade Freehold Land, with individual title and non-Bumi lot status — located directly fronting the main road and opposite the iconic Pasar Bisik Kuala Muda, a well-known regional hub for seafood trade and rural commerce.
Zoned for both Residential and Commercial use, this large parcel offers exceptional development flexibility. The land is flat and dry (tanah darat), suitable for a wide range of uses — including retail outlets, seafood storage facilities (gudang ikan & hasil laut), restaurants, homestays, extreme sports parks, or housing developments such as townhouses and gated communities. The zoning also allows for integrated agricultural projects like durian orchards, livestock farms (cow, sheep, goat), vegetable gardens, or poultry farming — making it ideal for investors looking to tap into Penaga’s evolving rural-urban landscape.
Since 2020, land demand in the Penaga area has been influenced by proximity to infrastructure, accessibility, and the growing visibility of local landmarks like Pasar Bisik. With Seberang Perai Utara positioned as a key expansion zone north of Kepala Batas, interest in commercially-zoned kampung land has intensified. Market rates in this part of SPU have moved from RM 10–12 per square foot in 2020 to as high as RM 15–18 per square foot by 2024, reflecting increased investor interest and the development of supporting amenities.
With an asking price of RM 15 per square foot (negotiable), the property carries a total estimated value of RM 6.3 million, offering significant upside for developers, agropreneurs, and commercial investors alike. Its size, flexible zoning, road frontage, and high-traffic location make this a standout opportunity in Penaga’s growing land market.
