Senze – Phase 2 of PICC
Penang International Commercial City

Situated in Penang's new CBD of Bayan Lepas
A comprehensive mixed-use development with smart city features - the first of its kind
Prices from HKD1.8M for 915+sq.ft. fully furnished apartments

Why invest in Malaysia now?

Malaysia registered a robust 8.7% GDP growth in 2022
- Asia's fastest growing economy

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

Beneficiary of the US-China Trade War

The US-China trade war, coupled with China's prolonged border closures during the COVID-19 pandemic, has led companies to seek diversification and security in their supply chains. This trend is particularly evident in the semiconductor production sector, with Malaysia emerging as a favored destination. Malaysia contributes 13% of the world's semiconductor supply, with Penang alone accounting for 80% of this output.

Rich in commodities and natural resources

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

Why are Malaysia properties ideal for investment?

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

Foreigners can obtain mortgage loans to finance their property purchase

Common law legal system

Former British colony
English is used in legal agreements

Zero inheritance tax policies

Why invest in Penang?

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Penang's real estate market ranks as the second-best performer in Southeast Asia

According to Knight Frank APAC's H1 2023 report, Penang experienced a notable 5.78% year-on-year increase in property prices, trailing only behind Singapore, which recorded an 8% year-on-year growth.

Dubbed the "Silicon Valley of the East" by the BBC

Contributing 10% of the global semiconductor supply
Over 350 MNCs and 4,000 SMEs in operation
In 2021, Intel invested a further USD7 billion to expand their existing presence in the Bayan Lepas Free Trade Zone.

Penang registered a GDP growth of 13.1% in 2022

Making Penang the fastest growing economy in the country

Cultural and language similarities to the people of Hong Kong

59% Chinese ethnic population on Penang Island

Upcoming mega infrastructure upgrades

Expansion of Penang International Airport (RM1 billion)
Penang Transport Master Plan (RM46 billion)

Popular tourist destination

George Town, Penang's administrative capital, designated as a UNESCO heritage site since 2008.
Draws approximately 7.5 million visitors annually.
Accounts for 50% of Malaysia's medical tourism revenue.

Penang International Commercial City (PICC)
A new landmark of Penang

Recognised by the Penang state government for its exceptional contribution to society

The only project in the city permitted to incorporate the "P" for Penang in the project name

Located in Penang's new CBD of Bayan Lepas

As part of the Penang state government's strategic vision outlined in the "Penang 2030" initiative, the plan is to direct development efforts towards the Southwest District of Penang Island, notably Bayan Baru and Bayan Lepas, where PICC is situated.

PICC is adjacent to the Bayan Lepas Free Trade Zone (over 100 MNCs & 3,000 SMEs in operation), the Penang Golf Club, and the Convention Centre.

Comprehensive mixed-use & integrated development

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

Smart city features

Other innovative features include mobile app booking for healthcare facilities, smart public lighting, parking management, digital wayfinding, and predictive maintenance for building management to optimize operations.

Direct access to an LRT station

Top International School and University Network

10-min drive from Prince of Wales Island International School, Straits International School, Fairview International School, Wesley Methodist School Penang, and Uplands

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New Launch:
Senze – Phase 2 of PICC
Prices from HKD1.8M for 915+ sq.ft. Fully furnished freehold smart apartments

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Size: 915 to 1,561 sq.ft.

Resort-style facilities

Including a sky lounge, outdoor swimming pool, pool bar, aqua gym, sunbed lounger, half--court basketball etc.

Smart Home Integration

Senze utilizes a smart home control system for managing security and lifestyle aspects.

Each apartment includes a smart door lock, motion sensor, voice control, and an app for controlling air conditioning, audiovisual equipment, lighting, and fans.

Building-wide smart functionalities encompass an automatic number plate recognition system, smart locker, digital lifestyle management app, and more.

Crafted by reputable Penang-based developer Hunza Properties Group

With a history of over 45 years and over 20,000 residential & commercial properties completed to date. The company has greatly contributed to the transformation of Penang’s skyline, boasting its flagship development, the Gurney Paragon Mall waterfront complex on Gurney Drive.

"Hunza Care" Property Management

After-sales service provided by the developer, including leasing, re-sale, maintenance, butler service, airport pick-up, etc.

Contact our team to learn about PICC

Learn more about our exclusive developments

Penang, Malaysia

Muze - Phase 1 at PICC
Penang International Commercial City

Completed Project

1,087 - 1,862 sq.ft. / Prices from HK$2M

Jade Land Properties (HK) Limited 翡翠島物業(香港)有限公司 and the respective vendor give no warranty as to the completeness or accuracy of the information contained herein. Travel times are approximate and are sourced from Google Maps. 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: 28 June, 2019. 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. 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.