SINGAPORE (Jan 14) — A new freehold residential enclave in Penang, Jesselton Courtyard, is set to be introduced to Singapore buyers through an exclusive sales event hosted by Savills Singapore on Jan 17 and 18, highlighting continued cross-border interest in Malaysian real estate.
Developed by Berjaya Land Development, a subsidiary of Berjaya Corp founded by Malaysian tycoon Tan Sri Vincent Tan, the project is positioned as a low-density, gated community offering landed and landed-style homes in one of Penang’s established residential corridors.
Jesselton Courtyard is located along Persiaran Jesselton Selatan, near the Penang Turf Club and within short driving distance of George Town’s main commercial districts. The development sits on 11.9 acres of freehold land and comprises 239 residences, making it one of the larger landed-style residential offerings in the area.
The project forms part of the wider Jesselton Villas precinct and is designed to cater to multi-generational living — a concept that continues to resonate with both local and regional buyers.
The development features two main residential components:
Courtyard Homes:
These are 32 four-storey zero-lot bungalows, each offering six bedrooms, a maid’s room, seven bathrooms, and two powder rooms. Prices start from RM6.63 million, targeting buyers seeking private landed homes with generous internal space.
Courtyard Villas:
The remaining 207 units are housed in five-storey blocks, designed as 1½- and two-storey homes with four to six bedrooms. These residences also include maid’s rooms, multiple bathrooms, and a powder room, with prices starting from RM2.96 million.
All homes feature direct doorstep parking, with four to six parking bays per unit, and incorporate dual-key layouts to support extended family living or flexible occupancy arrangements.
According to Ruben Koh, senior director of international residential sales at Savills Singapore, the project presents a rare opportunity for Singaporeans to acquire freehold landed or landed-style property in a tightly held Penang neighbourhood.
He noted that large-scale, low-density developments in Penang are becoming increasingly scarce, enhancing the long-term value proposition for buyers seeking both lifestyle and capital preservation.
Koh added that Penang continues to attract Singapore buyers due to its relative affordability, lifestyle appeal, and long-term liveability — qualities that align well with buyers looking beyond pure investment returns.
While this launch is residential-focused, the sustained interest from regional buyers reflects a broader confidence in Malaysia’s real estate fundamentals. This sentiment also supports demand across other asset classes, including commercial property in KL, office space in Bukit Jalil, and industrial land in Selangor, where connectivity, infrastructure, and long-term growth remain key drivers.
Growth corridors such as Puchong and the Subang area continue to see rising interest in factory and industrial property developments, particularly as Malaysia strengthens its position as a regional manufacturing and digital infrastructure hub.
Savills Singapore’s preview for Jesselton Courtyard will take place at the Voco Orchard Hotel, running from 11am to 6pm on Jan 17 and 18.
As cross-border interest in Malaysian real estate continues to broaden beyond residential assets, projects like Jesselton Courtyard underscore Malaysia’s appeal as a long-term property destination — from heritage-rich Penang to high-growth urban and industrial zones across Kuala Lumpur and Selangor.
Yao Mu Realty, based in Kuala Lumpur, Malaysia, specializes in industrial real estate for factories and land, delivering professional and efficient solutions.
Posted by Yao Mu Realty Sdn Bhd on 15 Jan 26
Malaysia