Sungai Penchala, Kuala Lumpur residential land sold for RM1.5m | DONE DEAL

Park Place @ ParkCity, Kuala Lumpur condo unit sold for RM2.58m | DONE DEAL

Wisma UOA Damansara, Kuala Lumpur office rented for RM6.6k | DONE DEAL

La Grande Kiara, Kuala Lumpur condo unit sold for RM900k | DONE DEAL

According to EdgeProp EPIQ, the average transacted price for landed homes (no data on residential land) within Jalan Cahaya, Sungai Penchala, rose from RM3.1 million in 2023 to RM3.2 million in 2024. On a per-square-foot (psf) basis, prices increased from RM944 in 2023 to RM958 in 2024.

According to Akmar Ramli (REN 42138) (019-633 9024) of IQI Realty Sdn Bhd, the buyers liked the land for its convenient location near their current home. The previous owners decided to sell so as to purchase another property.

As of the beginning of November, based on 39 sale listings of residential land on EdgeProp at Jalan Cahaya, the average asking price was RM5,004,208 based on land areas ranging from 5,995 to 48,975.79 sq ft. 

As Penang girds itself towards the last lap of its Penang2030 vision, check out how the residential segment is keeping pace in EdgeProp’s special report: PENANG Investing Towards 2030.