PTL Properties Sdn. Bhd.
The Rimbun
Bukit Mertajam
From
RM 400K
RM 408+ PSF · Completion 2026
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
2026
- From
- RM 400K
- PSF
- RM 408
- Tenure
- freehold
- Total units
- 664
- Status
- under construction
- Completion
- 2026
Price at a glance
Prices as at September 2026 — Developer prices basis. Last checked 2026-07-30. 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 a 664-unit townhouse development in Bukit Mertajam from RM400,000. Townhouses in BM at RM400K represent genuinely excellent space per ringgit — you're getting landed-style living (typically 3-storey, 1,500–2,500 sqft) at a price point where island condos would be sub-800 sqft. The 664-unit scale is township-grade. Rimbun means lush/leafy in Malay — suggesting green-themed landscaping. BM townhouses in this range are popular with young families who want space and privacy that flat living can't provide.
The Rimbun price list 2026
2 of 2 unit types have a published price · entry from RM400,000 · completing 2026
| 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 2026-07-30. Developers reprice between phases — confirm the current list before committing.
Every unit type here sits below the RM600,000 foreign-buyer minimum, so this project is open to Malaysian and PR buyers only.
The Rimbun completion date
The Rimbun is expected to complete in 2026. It is under construction now.
Read that as the developer's target, not a guarantee. What matters contractually is the vacant possession date in your SPA — 36 months from the sale and purchase agreement for a strata title under the Housing Development Act, with liquidated damages payable if the developer misses it. A launch year quoted in marketing and the VP date you can enforce are different things, so check the SPA schedule before you plan a move-in or a tenancy.
Facilities
What's nearby
🏥 Healthcare
- Hospital Bukit Mertajam5.0km
🛍 Shopping
- AEON Mall Bukit Mertajam5.0km
- Sunway Carnival Mall6.0km
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 11 others we track here, cheapest first — 8 of them still selling.
- Grains ResidencesRM136K
- Iconic HarmonyRM225K
- Aston Minka ResidencesRM250K
- Sejahtera 113RM369K
- Sevora ResidencesRM400K
- Marc ResidencesRM548K
- Serene Villas @ Sunway WellesleyRM680K
- Embun HillsRM803K
- Garden Superlink Phase 4RM846K
- 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 136K – RM 1.2M
asking prices in area
Active projects
8
selling or under construction
Subsale condos
3
completed projects
Total tracked
12
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 type of property is The Rimbun?
+
Why buy a townhouse in BM at RM400K?
+
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