Paya Terubong is a bustling and densely populated suburb located in the central valleys of Penang Island, Malaysia. It is known for its diverse real estate market, offering a mix of residential and commercial properties. The area has seen significant development, and its real estate landscape is characterized by a variety of property types, with a strong presence of both landed houses and shop offices.
Landed Houses in Paya Terubong
The landed residential properties in Paya Terubong are diverse, ranging from terrace houses to semi-detached homes and bungalows. The pricing and size of these properties vary widely depending on their location, age, and type.
- Terrace/Link Houses: These are a common type of landed property in Paya Terubong. They typically feature multiple bedrooms and bathrooms and can be found in various sizes and layouts. For instance, a 2-story terrace house might have a built-up area of 2,800 sq ft and a land area of 1,562 sq ft.
- Semi-Detached Houses: Paya Terubong also has a selection of semi-detached houses. These homes often offer more space than terrace houses, with some examples having a built-up area of around 2,900 sq ft and a land area of 3,300 sq ft. They are generally priced higher than terrace houses due to their larger size and land plot.
- Bungalows: The most spacious and high-end landed properties in the area are bungalows. A 2.5-story bungalow, for example, could have a substantial built-up area of over 4,400 sq ft and a land area of over 3,000 sq ft.
The tenure for landed properties in Paya Terubong can be either freehold or leasehold, and property age varies, with some homes having been completed in the early 2000s while others are more recent.
Shop Offices in Paya Terubong
Paya Terubong's commercial landscape is a mix of single-story shophouses, multi-story shop offices, and office lots. The area's high population density makes it a viable location for various businesses.
- Types of Commercial Properties: The available commercial properties include standalone shops, ground-floor retail spaces, and multi-story shop offices. Some of the larger commercial developments are located in business centers like Pine Valley Business Centre.
- Pricing and Size: Commercial properties in Paya Terubong have a wide range of prices and sizes. For example, a single-story commercial shophouse might have a land and floor size of around 800 sq ft, while a 3.5-story shop office could have a much larger built-up area of over 6,000 sq ft.
- Location and Accessibility: Commercial properties are often located along main roads like Paya Terubong Road, which is a key thoroughfare connecting the area to other parts of Penang Island. The addition of the Jalan Bukit Kukus Paired Road has also helped to ease traffic congestion and improve accessibility for businesses and their customers.
General Real Estate Market Overview
Paya Terubong is a lively and well-connected area with a variety of amenities, including schools, markets, and recreational facilities. While landed and commercial properties are available, the area is also known for its high-rise residential buildings, such as apartments and condominiums. The real estate market here caters to a diverse range of buyers and investors, from those seeking a family home to those looking for commercial opportunities in a densely populated and active suburb.