# Prime beachfront development site in Penang’s Batu Ferringhi hits market for RM140 mil - **Source:** EdgeProp Singapore - **Published:** 2026-08-18T06:35:00.000Z - **Author:** Kalynskye Adrian - **Original:** https://www.edgeprop.sg/property-news/prime-beachfront-development-site-penangs-batu-ferringhi-hits-market-rm140-mil - **Topics:** Private Residential, Commercial & Industrial, Transactions & Deals ## Featured rationale The rare large-scale site and strong tourism occupancy may support developer interest in Penang’s hospitality and serviced-residence segments, potentially expanding high-end accommodation supply. ## AI summary A 13,533 sq m freehold beachfront commercial site in Batu Ferringhi is offered at RM140 million, with approval for an integrated development of up to 722 keys. ## Original article A beachfront development site in Penang, Malaysia, is up for sale via an expression of interest (EOI) exercise. The prime freehold plot, located in Batu Ferringhi, has an asking price of RM140 million ($44.1 million). Colliers, the exclusive marketing agent for the asset, said the commercial plot has been approved for redevelopment into an integrated landmark of up to 722 keys, comprising hospitality, serviced apartments and wellness amenities. The 13,533 sq m (145,669 sq ft) site is located along Jalan Telok Bahang, within a coastal corridor anchored by established names such as Bayview Beach Resort, Parkroyal Penang Resort, Shangri-La Golden Sands and Lone Pine Resort. Read also: Strata retail unit at Peninsula Plaza for sale at $7.95 mil It has a plot ratio of 5:1, and a maximum gross floor area of 67,663 sq m. Under the proposed redevelopment, the mixed-use site would have a gross floor area of approximately 54,042 sq m, comprising 473 luxury serviced apartments and 249 five-star hotel rooms. Colliers said the sale also comes with a management agreement with an internationally recognised hotel operator, though buyers would have the flexibility to retain it or pursue an alternative branding and operating structure. “Large-scale freehold development sites in Batu Ferringhi are exceptionally rare,” said Zoe Zhou, director of capital markets and investment services at Colliers. This positions the site as one of the most compelling hospitality and lifestyle investments currently available in Penang. The site is expected to benefit from Penang’s continued growth as a tourism, healthcare and advanced manufacturing hub. The state welcomed 8.76 million hotel guests in 2025, including 3.47 million international visitors, according to Tourism Malaysia data. Additionally, the Malaysian Association of Hotels reported average weekday occupancy of around 70% — rising to 90% to 100% during peak periods — even as new hotel supply enters the market. Colliers added that Penang’s growing profile as a medical tourism destination is further fuelling demand for extended-stay accommodation and serviced residences. Read also: Over 400 businesses recognised as Companies of Good as NVPC initiative marks 10 years The EOI exercise will close at 3pm on Sept 30. ## Chinese translation > Translation model: openai_codex_cli ### 槟城 Batu Ferringhi 黄金海滨开发地块以 1.4 亿令吉推出市场 该永久地契商业地块的现有开发计划包括一个混合用途项目，设有 473 套公寓和 249 间酒店客房。 马来西亚槟城一幅海滨开发地块正通过意向书（EOI）招标出售。这幅位于 Batu Ferringhi 的黄金永久地契地块，叫价为 1.4 亿令吉（4,410 万新元）。 该资产的独家营销代理 Colliers 表示，这幅商业地块已获准重建为一个最多可达 722 个 keys 的综合地标项目，涵盖酒店、服务式公寓和健康养生设施。 这幅 13,533 平方米（145,669 平方英尺）的地块位于 Jalan Telok Bahang 沿线，处在一个由 Bayview Beach Resort、Parkroyal Penang Resort、Shangri-La Golden Sands 和 Lone Pine Resort 等知名品牌支撑的滨海走廊内。 另读：Peninsula Plaza 分层零售单位以 795 万新元出售 其地积比率为 5:1，最高总楼面面积为 67,663 平方米。 根据拟议重建方案，该混合用途地块的总楼面面积约为 54,042 平方米，包括 473 套豪华服务式公寓和 249 间五星级酒店客房。 Colliers 表示，此次出售还附带与一家国际知名酒店运营商签订的管理协议，不过买家可灵活选择保留该协议，或寻求替代品牌和运营架构。 “Batu Ferringhi 的大型永久地契开发地块极为罕见，”Colliers 资本市场与投资服务董事 Zoe Zhou 表示。这使该地块成为槟城目前最具吸引力的酒店与生活方式投资项目之一。 该地块预计将受益于槟城作为旅游、医疗保健和先进制造中心的持续增长。根据 Tourism Malaysia 数据，该州在 2025 年接待了 876 万名酒店住客，其中包括 347 万名国际访客。 此外，Malaysian Association of Hotels 报告称，即使有新的酒店供应进入市场，平日平均入住率仍约为 70%，在高峰期间则升至 90% 至 100%。 Colliers 补充说，槟城作为医疗旅游目的地的影响力不断提升，正进一步推动对长住住宿和服务式公寓的需求。 另读：逾 400 家企业在 NVPC 倡议 10 周年之际获认可为 Companies of Good 意向书招标将于 9 月 30 日下午 3 点截止。