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Press Release

Panchor Residence Sdn Bhd launches a 296 properties development project in Nibong Tebal

A mainland Penang, Malaysia property development company, Panchor Residence Sdn Bhd is planning a mixed housing development comprised of 296 properties in the Nibong Tebal area of Penang. The property project will be comprised of: 84 Units Double Storey Semi-Detached, 14 Units Double Storey Bungalows, 113 Units Double Storey Terrace and 85 Units Low Medium Cost Apartments (8 Storey).

The development company which operates under the tag line “Your Place. Your Memories. Your Home.” has, in the past, engaged in low and high cost projects in the mainland Penang, Malaysia.

While launching the project, Panchor Residence’s Director, Mr. Fang said that what they are offering the customers is not just a building, but a house that will not only meet their needs as well as being a home to be cherished “I believe that a home has to be more than a building. It has to be a space generous enough for life to expand and grow; an enclosure in structure but open in spirit to nurture a lifetime of cherished memories,” said Mr. Fang.

Mr. Fang said that his company is aiming to provide affordable properties in an area which has suffered high prices for many years.

Nibong Tebal area in the recent past has seen massive development but most of the buildings have been selling at high prices. The property market in this area has largely been over-priced locking out many people who wanted to acquire properties, especially foreigners and locals who had wanted to make this place their home.

“There’s been continued development around Penang Mainland especially Nibong Tebal side, and we’re coming in right in the middle of it,” said Mr. Fang.

“Depending on where you are in Penang, it suffers from high property prices,” said Mr. Fang as he promised those who would like to own a quality and affordable property in Nibong Tebal.

The new project will provide all the amenities and services that one could want in an area. It is a one stop shop for people who would like to live comfortably, work or engage in business as well as enjoy a cool and serene environment where they can exercise and relax on a daily basis. According to Mr. Fang, all these facilities are available within the developed area. “In terms of live/work/play, you’ve checked every box. You can walk to do whatever it is you want to do within five minutes,” said Mr. Fang.

About Panchor Residence Sdn Bhd:

Panchor Residence Sdn Bhd was incorporated in Malaysia on March 2001 as a private limited company fully-owned by Malaysians. The company origins from Penang and is one of the rising residential housing developer for low to high cost development in mainland Penang, Malaysia.

Media Contact:

Attn to Mr Tang:



Distributed by HeadlinePlus Press Release Distribution

Media Contact
Company Name: Panchor Residence Sdn Bhd
Contact Person: Mr Tang
Phone: +604-5399 919
Country: Malaysia

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