Property for Rent/Sale in Jelutong, Penang | Landed Homes, Shops & Factories
Landed Houses
- Types: The landed residential property market in Jelutong includes a variety of options, such as single-story and double-story terraced houses, semi-detached houses, and bungalows. Townhouses are also available.
- Location: While Jelutong is known for its high-rise apartments and condominiums, landed properties are typically found in more established, older neighborhoods like Island Glades, Taman Green Lane, Taman Hijau, and various small lanes (lorongs and lintangs) throughout the area. Some properties are located off major roads like Jalan Jelutong and Jalan Free School.
- Characteristics: Many of the landed properties are freehold, but some may have different land sizes and built-up areas. For instance, a 2-story terraced house might have a land area of around 1,400 to 2,200 sq. ft., while bungalows can have much larger land areas, such as 9,500 sq. ft. Some properties are fully renovated and furnished, while others may be older and require updates.
- Pricing: The prices of landed properties in Jelutong vary widely depending on the type, size, condition, and specific location. For example, a terraced house might be priced around RM1.2 million to RM1.45 million, while a bungalow can be listed for over RM4 million. The price per square foot (psf) for land can range from approximately RM280 to over RM1,000.
Shop Offices
- Types: The commercial property market in Jelutong offers a range of shop offices, from single-story shophouses to multi-story commercial buildings. Some are located in modern commercial developments like Metro Avenue and e-Gate, while others are older, traditional shophouses.
- Location: Commercial properties are strategically situated along major roads, including Jalan Jelutong, Jalan Tan Sri Teh Ewe Lim, and Jalan Perak. There are also units in specific commercial hubs like Metro Avenue and along the prominent Karpal Singh Drive, known for its vibrant F&B scene and commercial activity.
- Characteristics: Many shop offices are freehold properties. The built-up sizes vary significantly, from smaller units of a few hundred square feet to large commercial buildings with built-up areas of 18,000 sq. ft. or more. Some are sold with tenancies, making them attractive for investment.
- Pricing: Sale prices for shop offices can range from under RM1 million for smaller units to well over RM10 million for multi-story commercial buildings. The price per square foot can vary, but generally ranges from around RM400 to over RM2,000, depending on the property's size, age, and location.
Factory Property
- Types: The industrial property sector in Jelutong is primarily composed of light industrial factories and warehouses. These are often terrace factories or semi-detached factories, and some are part of dedicated industrial parks.
- Location: A notable concentration of factory properties is found in the Fortune Park area in Sungai Pinang and other industrial zones within Jelutong.
- Characteristics: Many of the light industrial factories are 1.5-story buildings. Common lot sizes are around 1,755 sq. ft., with built-up areas ranging from 1,600 to over 3,000 sq. ft. The tenure for these properties can be either freehold or leasehold, with some leasehold properties having a lease expiring around the year 2100. They are suitable for light industrial activities, warehousing, logistics, and SME business operations.
- Pricing: Factory properties in Jelutong are generally priced from around RM1.2 million to RM2.5 million for typical light industrial units. The price per square foot for land can be around RM1,400. Larger or more unique factory buildings can be priced much higher.
KAWASAN JELUTONG @ Properties
Frequently asked question
The average residential property price in Jelutong is around RM 380,000, with a median price per square foot of RM 480. For landed properties, however, prices are significantly higher, often starting from over RM 1 million.
Yes, Jelutong is considered a good location for property investment. It's a prime area on Penang Island with strong market fundamentals. Property values have been appreciating consistently, and its central location and good connectivity make it a sought-after area for both residential and commercial use.
The most common types of landed properties for sale are single- and double-storey terrace houses. There are also listings for semi-detached houses and bungalows in certain parts of the area.
There is a selection of industrial properties available, particularly light industrial factories and warehouses. Most are located in designated industrial zones within the broader Jelutong area, such as Fortune Park and Sungai Pinang. The availability is not as extensive as in industrial hubs like Bayan Lepas or Batu Kawan, but they are a viable option for businesses requiring a central island location.
2023 Shijie Property E(3)1941 [202003075246 (PG0493715-P)]. All right reserved