Commercial · Industrial · Hospitality
Sell commercial & industrial property in Penang — discreetly
Development land, factories, hotels and shophouses are not sold with a portal listing and a signboard. They are transacted quietly, through a network of qualified buyers, off the open market. Zac works both sides — owners planning to sell and buyers actively looking to acquire — which is how these deals come together.
Asset classes
Development land & landbank
Freehold and leasehold parcels for residential, mixed-use or industrial development. Valued on zoning, plot ratio, access and approvals — not a per-square-foot rule of thumb.
Industrial land & factories
Detached and semi-detached factories, warehouses and industrial land across Bayan Lepas, Batu Kawan, Prai and the Seberang Perai corridors. Priced on land, building spec, power and zoning.
Hotels & hospitality
Operating and vacant hotel assets. Valued on the numbers — occupancy, room rate, the business as a going concern — and sold to buyers who understand hospitality, quietly.
Shophouses & retail
George Town heritage shophouses, retail lots and commercial units. A distinct buyer pool of investors and owner-occupiers, and a title and tenancy picture that needs care.
How a discreet sale works
Confidential valuation
An honest read on what the asset is worth, from real comparables and — for an income asset like a hotel — the numbers that actually drive its value. No public listing, no signage.
A quiet, targeted approach
The asset is taken to a shortlist of qualified buyers, funds and developers who are actively looking — not advertised across portals where it unsettles staff, tenants and the market.
Structured negotiation
Offers, terms, due-diligence coordination and the SPA — managed with the deal structure these transactions need, whether an outright sale, a company sale or a joint venture.
Both sides of the table
Sell mandates from owners and acquisition briefs from buyers, which is how an off-market deal comes together — the right seller meeting the right buyer without either going public.
Why these sales stay off-market
A hotel, factory or landbank listed publicly sends a signal before you are ready — staff wonder about their jobs, tenants about their leases, customers about continuity, and competing buyers about your urgency. Every one of those weakens your position.
So the asset is not advertised. It is valued privately and taken to a shortlist of buyers who are genuinely in the market — a quiet process that protects the value of what you are selling and the business inside it. Your enquiry is confidential from the first message.
📲 Start a confidential conversationCommon questions
How do I sell commercial or industrial property in Penang?
Discreetly, and to the right buyer. Commercial and industrial assets — land, factories, hotels, shophouses — are transacted through a targeted network, not a public listing splashed across portals. The process is confidential valuation, quiet approach to qualified buyers or funds, and a structured negotiation. Zac handles both sides: owners planning to sell and buyers actively looking to acquire.
What is the agent commission on a commercial or industrial sale?
The Seventh Schedule sets a maximum of 3% of the transacted price on the sale of land and buildings, including commercial and industrial property, with a RM1,000 minimum — and it is a ceiling, negotiable on larger transactions. Only plant and machinery sold as chattels carries a higher scale. The exact fee is agreed upfront before anything is marketed.
Can a foreigner buy commercial or industrial property in Penang?
Often, and the rules differ from residential — commercial and industrial acquisitions by foreigners have their own thresholds and approvals, distinct from the residential minimum, and can involve company structures. Because it is asset-specific, the right answer depends on the property and the buyer. That is confirmed case by case, not assumed.
Will you keep my sale confidential?
Yes. A hotel, a factory or a landbank going to market publicly can unsettle staff, tenants and customers before a deal is even close. These sales are run quietly — the asset is taken to a shortlist of qualified buyers, not advertised — and your details are treated as confidential from the first message.
What types of commercial property do you handle?
Development land and landbank, industrial land and factories, hotels and hospitality assets, and shophouses and retail. Both sale mandates from owners and acquisition briefs from buyers actively looking — which is what lets a deal come together off-market.
Selling a home instead? See selling a condo or selling a landed home. Leasing out rather than selling? Commercial & industrial leasing. On exit, the RPGT rates — including the 10% company floor — decide what you keep.
Confidential
Selling, or looking to acquire?
Tell me the asset type and area, in confidence, and I'll come back with a realistic read and the next step — whether you are selling or buying.