Penang bungalow most expensive home sold in Malaysia

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The most expensive housing property in Malaysia is located in Pulau Tikus, Penang.

PETALING JAYA: A bungalow in Pulau Tikus, Penang, tops the list of the 10 most expensive residential properties in Malaysia last year.

The bungalow, located on Jalan Utama, was sold for RM14.5 million, according to a list on the 10 most expensive homes transacted in Malaysia in 2017.

The list is based on sales data captured from the Valuation and Property Services Department (JPPH) and compiled by iProperty.com’s big data solutions division, iPropertyIQ.com.

Pulau Tikus is a gastronomical paradise and home to consulates of China, Indonesia and Thailand. The Church of the Immaculate Conception and Pulau Tikus wet market are other notable landmarks in the area.

“The median per square foot (psf) price for bungalows in Pulau Tikus is RM570,” iProperty.com said in a statement.

Penang properties, in fact, took the top two spots on the list, followed by a bungalow in Kenny Hills, Bukit Tunku, Kuala Lumpur.

The nine other properties in the top-10 list are:

Bungalow, Jalan Bunga Hinai, Tanjung Tokong, Penang (RM13.6 million)

Jalan Bunga Hinai is a narrow road about 220m long, surrounded by bungalows, a condominium and abundant greenery. Average psf price for bungalows in Tanjung Tokong is RM854.

Bungalow, Kenny Hills, Bukit Tunku (RM12.6 million)

Previously known as Kenny Hills, Bukit Tunku is an affluent, hilly residential area in Kuala Lumpur. Named after Malaysia’s first Prime Minister Tunku Abdul Rahman, who also resided there, Bukit Tunku remains one of the most coveted addresses not only in Kuala Lumpur but also the Klang Valley. Average psf price for bungalows in the area is RM422.

Condominium, Serai Bukit Bandaraya, Bangsar (RM12.1 million)

Located on Jalan Medang Serai, Bangsar, Serai Bukit Bandaraya is a 21-storey condominium housing 121 units with a breathtaking view of the neighbourhood. Also considered as a hot spot residential address in Malaysia, Bukit Bandaraya is especially favoured by expatriates and upper-middle class Malaysian households. Average psf price for condominiums in Bangsar is RM815.

Bungalow, Bukit Damansara, Damansara Heights (RM12 million)

Bukit Damansara is considered one of the most sought-after addresses in Malaysia among individual homebuyers as well as businesses. In 2017, Damansara Heights was listed among the world’s 10 coolest neighbourhoods by Lonely Planet, thanks to its cosmopolitan vibe. Average psf price for bungalows in Damansara Heights is RM652.

Bungalow, The Enclave, Bangsar (RM12 million)

Another expensive home sale in Bangsar, The Enclave is an upmarket residential area designed for maximum privacy, located about 4km from the city centre. The architectural concept of The Enclave is inspired by Oku, a Japanese principle that practises the layering of inner spaces to give a sense of intimate privacy and deep connection to the surroundings. Nearby landmarks include Kuala Lumpur (KL) Sentral and Dataran Maybank. The average psf price for bungalows in Bangsar is RM588.

Town House, One Menerung, Bangsar (RM10 million)

Sprawled across 3.2ha, One Menerung is a luxury development consisting of townhouses and condominiums in Bangsar, Kuala Lumpur. Surrounded by lush greenery with landscaped gardens in the most affluent suburbs in the Klang Valley, Bangsar is popular with expatriates and locals. Average psf price for townhouses in Bangsar is RM759.

Condominium, The Binjai On The Park, KLCC (RM9.9 million)

Located on Jalan Binjai, The Binjai On The Park in Kuala Lumpur City Centre (KLCC) is a high-end condo featuring two towers, 45 storeys and 44 storeys high, with 171 units in total. They offer a view of the city centre and unobstructed views of KLCC Park. The average psf price for condominiums in KLCC is RM675.

Bungalow, Masera Bukit Segar, Cheras (RM9.8 million)

Masera Bukit Segar in Cheras is a prime, hilly residential area surrounded by nature. The area is perfect for those who prefer an escape from the hustle and bustle of Kuala Lumpur but wish to remain within close proximity of the city. Popular spots in the area include Cheras Leisure Mall, Cheras Sentral Shopping
Mall, Viva Home, and Ikea. Average psf price for bungalows in Cheras is RM221.

Bungalow, Casa Permai, Tanjung Tokong (RM9 million)

Casa Permai in Tanjung Tokong is an exclusive residential enclave with an amazing tropical backdrop. A traditional fishing village until the 1970s, Tanjung Tokong, a suburb of George Town in Penang, is now an upper-class residential suburb located along the northeastern coast of the island. The first Chinese settlers in Penang were reportedly based here. Tanjung Tokong is close to Pulau Tikus, another affluent suburb situated about 4km away. Notable landmarks in the area include Straits Quay (a shopping mall that doubles as a marina), Island Plaza, and the Tanjung Tokong Tua Pek Kong Temple. Average psf for bungalows in this area is RM854.