penangproperty
The Skyline — condominium, Jalan Paya Terubong
New LaunchfreeholdEst. 2028

PLB Land Sdn. Bhd.

The Skyline

Jalan Paya Terubong

From

RM 200K

Completion 2028

RM199,900 is the price of the affordable-housing units (state scheme, eligibility conditions apply), not an open-market price. Prices for the larger open-market layouts weren't published.

Tenure

freehold

Title

TBC

Total Units

290

Completion

2028

From
RM 200K
PSF
—
Tenure
freehold
Total units
290
Status
under construction
Completion
2028

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 typeSize (sqft)Price fromPSF from
All units750–1,950RM199,900~RM267
Z

Zac’s Take

Zac Ong

The Skyline is a freehold condominium by PLB Land in the Skynet City township in Paya Terubong: a single 34-storey tower of 290 homes, expected around March 2028.

Homes range from about 750 sq ft three-bedroom units to around 1,950 sq ft, with prices from roughly RM200,000 to RM522,000, which is very affordable for the island.

It's aimed at first-time and owner-occupier buyers. Ask whether the unit you want falls under an affordable-housing tier, which would carry income limits and resale restrictions. It's well below the RM1M foreign-buyer minimum.

The Skyline price list 2026

0 of 3 unit types have a published price · completing 2028

TypeSize (sqft)Price fromPSF (derived)Units
3BR750–1,200On application——
4BR1,200–1,600On application——
5BR+1,600–1,950On application——

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.

No published unit type clears the RM1M foreign-buyer minimum, but 3 types are priced on application — those may qualify. Ask before ruling the project out.

3 unit types are priced on application

Usually the penthouses and duplexes — developers hold those back rather than publish them. I can get you the current figure and the floor plan directly.

📲 Ask for the current price list

The Skyline completion date

The Skyline is expected to complete in 2028. 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.

Building specifications

Blocks
1
Floors
34
Total units
290

What's nearby

🏥 Healthcare

  • Gleneagles Hospital Penang

🎓 Schools

  • SMK Bukit Jambul
  • Fairview International School Penang

🛍 Shopping

  • Sunshine Farlim Hypermarket
  • Queensbay Mall

Monthly Instalment Calculator

Monthly Instalment

RM 807

Total Interest

RM 159,208

Total Outlay

RM 359,108

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 Zac

Other projects in paya terubong

All 3 others we track here, cheapest first — all trading sub-sale.

Paya Terubong — area snapshot

Full area guide →

Price range

RM 320K – RM 1.5M

asking prices in area

Active projects

0

selling or under construction

Subsale condos

2

completed projects

Total tracked

4

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.

DownpaymentRM 19,990
SPA stamp duty (tiered 1–4%)RM 2,998
SPA legal feeRM 2,499
MOT stamp duty (at VP)

Tiered 1–4% on transfer value. Paid at Vacant Possession stage. Buyer's cost — rarely absorbed by developer.

RM 2,998
Loan stamp duty (0.5%)RM 900
Loan agreement legal feeRM 900
Valuation feeRM 1,000
Search, admin, miscRM 1,000
Gross upfront totalRM 32,284

New launch — typical developer savings

Toggle what the developer is absorbing. Confirm the actual package before signing.

Cash rebate3% = RM 5,997
0%5%10%
Total developer savings− RM 10,295

Net upfront (after savings)

Based on typical 2026 new launch package

RM 21,989

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 Skyline?

+
RM199,900 is the price of the affordable-housing units (state scheme, eligibility conditions apply), not an open-market price. Prices for the larger open-market layouts weren't published.

Is The Skyline freehold or leasehold?

+
The Skyline is freehold. I have not been able to confirm the land title class — check it with the developer, because a commercial title changes your utility tariffs and loan margin.

Can a foreigner buy at The Skyline?

+
Yes, if you are on MM2H. MM2H participants can buy residential property in Penang from RM500,000 (up to two homes), and The Skyline is priced above that. Other foreign buyers need RM1,000,000 for strata property on the island, which homes here do not reach. Add the state levy, a flat 8% stamp duty, and 3–4 months for state consent.

When will The Skyline be completed?

+
The Skyline is expected to be completed in 2028, by PLB Land Sdn. Bhd.. That's the developer's target. The date that counts is the handover date in your sale agreement, which under Malaysian housing law is usually 36 months from signing.

How big are the homes at The Skyline?

+
Homes range from about 750 to 1,950 sq ft. There are 290 homes in total.

From

RM 200K

The Skyline

Chat with Zac now