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Investors look to the geopolitical haven of Malaysia to park their money

Prices from HK$2M for over 1,000 sq.ft. apartments, inclusive of 2 parking spaces

Muze @Penang International
Commercial City (PICC)

A landmark smart city development

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muze at penang international commercial city (picc)
Asia Pacific property awards jade land properties

Jade Land Properties

Asia Pacific Property Awards 2020-2021

Best Real Estate Agency Marketing
Hong Kong

Muze @PICC's
Hong Kong Exclusive Agent

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1 to 30 December

10am to 6pm (by appointment only)

Shop A, UG/F, Winway Building, 50 Wellington Street, Central
(Next to Yung Kee Restaurant / Central MTR Exit D2)

Why invest in Malaysia now?

Strong 14.2% GDP growth in the third quarter of this year

Driven by a strong revival in tourism, rising commodity prices and robust external demand for semiconductor exports

Asia's major exporter of oil and the world's second largest palm oil exporter

Investing in Malaysia acts as a hedge against inflation as the Ukraine war pushes global commodity prices higher

An alternative manufacturing base to China

Given China’s ongoing battle with covid-19, companies are turning to Malaysia to secure their supply chains, especially in the area of semiconductor production

Why are Malaysia properties ideal for investment?

Foreigners can purchase both freehold apartments and land under your own name

Common law legal system

Former British colony
English is used in legal agreements

Favourable exchange rate

MYR : HKD = 1 : 1.7

Zero inheritance tax policies

Young population

Median age of 30.26 years

Why Penang?

A scenic coastal city located on the north-western part of Malaysia

Straits of Malacca location

An invaluable maritime transport route. 60% of the world's sea shipments pass through here.

The Malaysian state with the highest GDP per capita

Limited developable land on Penang Island

Resilient and rising property prices

59% Chinese population on Penang Island

In recent year, Penang properties have become a popular investment choice for Hong Kong people given the large Chinese population on the island making for cultural and language similarities.

Dubbed the "The Silicon Valley of the East"

An established Electrical & Electronics hub

Contributing 10% of global semiconductor output. Over 350 MNCs and 3,000 SMEs in operation.

Growing demand for semiconductors

As the world becomes more digital given its use in all machinery from smartphones to cars. Covid-19 supply chain disruptions has exacerbated the global semi-conductor shortage problem.

Highest foreign direct investment of USD17b in the country

Notable FDI includes Intel's USD7 billion further investment to create a new facility in Penang's Bayan Lepas Free Trade Zone.

A tourism hot spot

Penang’s administrative capital of George Town is recognised as a UNESCO World Cultural Heritage Site

For its beautifully preserved East meets West heritage buildings.

7.5 million annual visitors

Malaysia's preferred medical tourism destination

50% of the country's medical tourism revenue (USD410 million)

Upcoming mega infrastructure upgrades

Expansion of Penang International Airport

USD183M investment to raise its capacity from 6.5m to 12m annual visitors

Penang Master Transport Plan

USD10.5M investment to construct LRT, monorail, and tram lines

Penang International Commercial City (PICC)
A landmark smart city development

Prime location: Located in Penang’s new business district of "Bayan Lepas"

Adjacent to the Bayan Lepas Free Trade Zone, Penang Golf Club, and Convention Centre

A comprehensive mixed-use development

Comprising of residences, shopping mall, F&B boulevard, central park, A-grade offices, 5-star hotel, and medical center

Connected to an LRT station


Sizes from 1,087 to 1,862 sq.ft.

Simon Electric smart home system included

Crafted by reputable Penang-based developer Hunza Properties Group

With a history of over 40 years and over 20,000 residential & commercial properties completed to date

"Hunza Care" property management by the developer

Leasing/re-sale, maintenance, airport pick-up

Over 70 facilities across 7 levels

Including an infinity pool, aqua gym, e-games room etc.

PICC’s first residential phase

Prices from HK$2M

Up to 70% loans from HSBC & Standard Chartered Malaysia

5% predicted rental yield

About Jade Land Properties

Established in 1993
An EAA licensed agency

We are the Exclusive Agent in Hong Kong for Muze @PICC as appointed by Hunza Properties Group.

Jade Land Properties is an award-winning boutique real estate agency based in Hong Kong with a history of close to 30 years. Our company is licensed by the Estate Agents Authority (EAA). 

We identify auspicious markets abroad and handpick quality developments to assist our clients in building their international property portfolio. 


Hear what our clients have to say

In December 2021, Jade Land Properties secured UK private equity firm's bulk investment of 20 units in Muze @PICC.

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Jade Land Properties (HK) Limited and the respective vendor give no warranty as to the completeness or accuracy of the information contained herein. The selling price is correct at the time of printing. The information contained herein does not form part of an offer or contract. Prices and details are correct at the time of publishing. Our sales representative for overseas property work exclusively in relation to properties outside Hong Kong and, unless stated otherwise, are not licensed under the Estate Agents Ordinance to deal with Hong Kong properties. Property No.: JL0003. Date of Advertisement: 29 September, 2022. SPOB No.: C-057255-A000. Agent: Jade Land Properties (HK) Limited. EAA Licence No.: C-057255. Place of business: Unit 701, 7 Floor, Winway Building, 50 Wellington Street, Central, Hong Kong. Developer Licence No.: 10294-304-2021/0373(L) Advertisement and Sale Permit No.: 10294-304-2021/0373(P). Approving Authority: Majlis Bandaraya Pulau Pinang. Purchasing uncompleted properties situated outside Hong Kong is complicated and contains risk. You should review all relevant information and documents carefully before making a purchase decision. If in doubt, please seek independent professional advice before making a purchase decision. The 3 Day 2 Night Viewing Trip is subject to booking of a unit in Muze @PICC, and additional terms and conditions. Jade Land Properties (HK) Limited and the respective vendor reserve the right to refuse service to anyone at our discretion and without details or reasons.