REF CODE: KVNR.90

From 2019 to 2024, land within the Taman Desa Kuala Muda area of Penaga, Seberang Perai Utara (SPU) has shown stable growth, with demand steadily rising for residential-zoned parcels. The subject property comprises 2 acres (approximately 87,500 square feet) of First Grade Freehold Land, located inside an existing housing area, just 100 meters from the main road (Jalan Kuala Muda) — providing convenient access while maintaining a serene kampung (village) atmosphere.

Designated as Residential Zoning, the land is flat and ready for development, aligning with local planning policies that favor rural-urban integration. This parcel is particularly suitable for housing developments, retirement homes, homestays, or agricultural integration projects such as kelapa (coconut) or daun sireh (betel leaf) plantations — all increasingly popular among buyers seeking multifunctional land use.

Since 2019, land prices in the Penaga area have been driven by proximity to infrastructure, ease of access, and the gradual spillover of residential expansion from Kepala Batas and nearby towns. Beginning at RM 10–12 per square foot in early 2019, values have appreciated with infrastructural developments and changing lifestyle preferences. By 2024, prices have reached RM 18 per square foot, reflecting the site’s premium characteristics and growing interest in mixed-use rural land.

With a total estimated value of RM 1.5 million, this land presents an attractive opportunity for developers, private buyers, or investors interested in tapping into Penaga’s expanding residential corridor.