PTL Properties Sdn. Bhd.
The Rimbun
Bukit Mertajam
From
RM 400K
RM 408+ PSF ·
Categorised as affordable housing under the Penang Housing Board. Eligibility conditions and resale restrictions may apply — confirm with the developer before committing.
Tenure
freehold
Title
residential
Total Units
664
Completion
TBC
- From
- RM 400K
- PSF
- RM 408
- Tenure
- freehold
- Total units
- 664
- Status
- selling
- Completion
- —
Price at a glance
Prices as at November 2026 — Developer prices basis. Last checked 2026-10-10. The project has not completed — no resale market yet.
| Unit type | Size (sqft) | Price from | PSF from |
|---|---|---|---|
| Townhouse (Small) | 981 | RM400,000 | ~RM408 |
| Townhouse (Large) | 1,250 | RM400,000 | ~RM320 |
Zac’s Take
Zac Ong
The Rimbun is PTL Properties' gated estate of 664 freehold strata townhouses in Bukit Mertajam, with a clubhouse, pool and gyms. Its sales gallery opened on 12 July 2026 and it reported about 70% of units reserved by September.
There are two sizes, about 981 and 1,250 sq ft, each with three bedrooms and two bathrooms, priced from about RM400,000. It's classed as affordable housing, so eligibility conditions and resale restrictions may apply.
It suits young families who want a ground-level home with their own door at a condo price. Confirm the eligibility rules and the completion date with the developer before you commit.
The Rimbun price list 2026
2 of 2 unit types have a published price · entry from RM400,000
| Type | Size (sqft) | Price from | PSF (derived) | Units |
|---|---|---|---|---|
| Townhouse (Small) | 981 | RM400,000 | ~408 | — |
| Townhouse (Large) | 1,250 | RM400,000 | ~320 | — |
PSF is derived, not quoted — each row divides that type's price by its own square footage. Developers do not always state whether a published size is built-up or nett, and the two can differ by 20%. Ask for both in writing before you sign.
Developer price — the project has not completed, so there is no resale market to compare against, last checked 2026-10-10. Developers reprice between phases — confirm the current list before committing.
Every unit type here sits below the RM1M foreign-buyer minimum, so this project is open to Malaysian and PR buyers only.
Facilities
What's nearby
🏥 Healthcare
- Hospital Bukit Mertajam
🛍 Shopping
- AEON Mall Bukit Mertajam
- Sunway Carnival Mall
Monthly Instalment Calculator
Monthly Instalment
RM 1,616
Total Interest
RM 318,575
Total Outlay
RM 718,575
Estimates only — not an offer, quotation, or representation of the developer's actual pricing or package. Actual instalments depend on the bank's approved rate, tenure and margin of financing.
📲 Discuss financing options with ZacOther projects in bukit mertajam
All 12 others we track here, cheapest first — 8 of them still selling.
- Iconic HarmonyRM225K
- Grains ResidencesRM284K
- Aston Minka ResidencesRM298K
- Sejahtera 113RM369K
- Sevora ResidencesRM388K
- Marc ResidencesRM485K
- Sunway WellesleyRM520K
- Serene Villas @ Sunway WellesleyRM680K
- Embun HillsRM803K
- Garden Superlink Phase 4RM818K
- Hijauan JernihRM975K
- Garden VillasRM1.19M
Bukit Mertajam — area snapshot
Full area guide →Bukit Mertajam is the mainland's commercial and residential hub on the Penang Mainland, serving as a transit node between Butterworth and the northern/southern corridors.
Price range
RM 225K – RM 1.2M
asking prices in area
Active projects
8
selling or under construction
Subsale condos
4
completed projects
Total tracked
13
properties in this area
Total Cost Breakdown
Every cost you'll pay — stamp duty, legal fees, loan documentation, foreign levy. Real Penang numbers, not generic Malaysia estimates.
| Downpayment | RM 40,000 |
| SPA stamp duty (tiered 1–4%) | RM 7,000 |
| SPA legal fee | RM 5,000 |
| MOT stamp duty (at VP) Tiered 1–4% on transfer value. Paid at Vacant Possession stage. Buyer's cost — rarely absorbed by developer. | RM 7,000 |
| Loan stamp duty (0.5%) | RM 1,800 |
| Loan agreement legal fee | RM 1,800 |
| Valuation fee | RM 1,000 |
| Search, admin, misc | RM 1,000 |
| Gross upfront total | RM 64,600 |
New launch — typical developer savings
Toggle what the developer is absorbing. Confirm the actual package before signing.
Net upfront (after savings)
Based on typical 2026 new launch package
Estimates only, based on 2026 Penang state rules — not an offer, quotation, or representation of the developer's actual package. Actual costs vary by bank, lawyer, and case complexity. Confirm exact figures with Zac →
Frequently asked questions
What is the price of The Rimbun?
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Is The Rimbun freehold or leasehold?
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Can a foreigner buy at The Rimbun?
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How big are the homes at The Rimbun?
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What type of property is The Rimbun?
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Why buy a townhouse in BM at RM400K?
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Substitutes worth comparing
Open full comparison →Same area family, same property type, similar price band — what most buyers actually cross-shop.
From
RM 400K
The Rimbun