Penang

Median Price

RM 2,728k

Based on 503403 units sold preceding 12 mths.

Annual Growth

51.4%

Compound annual growth rate in median price.

Penang is located on the northwest coast of Peninsular Malaysia. This state is composed of two parts – Penang Island and Seberang Perai which is on the mainland. Penang is the second smallest state in Malaysia in area after Perlis. This state is neighbouring Perak to its south and Kedah to its north. George Town is the state’s capital.

Despite its small size, Penang is one of the most developed states in Malaysia and it is also a thriving tourist destination with its beautiful beaches in Batu Ferringhi, Tanjung Bungah and Teluk Bahang as well as scenic islands such as Pulau Aman and Pulau Jerejak. Penang Bridge is the iconic landmark of this state. The inner city of George Town is a UNESCO World Heritage Site where you will find many colonial buildings.

Many modern buildings can also be found in this state. Commercial space includes office blocks, shop-office units, shopping complexes and industrial lots. Landed properties are terraced houses, semi-detached houses and bungalows. High-rise residences such as apartments and condominiums are becoming very popular especially along the coastal areas with spectacular sea view. Penang’s property market promises great prospects with the state’s highly urbanised and industrialised status.

Like the rest of Malaysia, Penang experiences tropical climate. For most parts of the year, the weather is sunny. Heavy rainfall is expected during the Southwest Monsoon season which starts from April to September. Daily temperatures can range from 23 to 32˚C.

The Penang State Symphony Orchestra and Chorus supports the local youth orchestra. This state is also home to Boria, a form of Malay song and dance. Known as the food capital of Malaysia, Penang offers a wide array of street food. These cuisines such as asam laksa, cendol, char kuay teow and roti canai, reflect influences from various ethnic groups including Malay, Chinese, Indian and Nyonya.

Buying, selling, or investing property is a very big decision. Even moving to your desired location can sometimes be very emotional. Using data from more than 0 listings in Penang, PropertyGuru aim to help you make the right decisions on selecting property, by providing you helpful news and property statistics such as median and growth in the area, but also our opinion on local neighborhood area.

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Property News

KPKT Urged To Open Strata Management Offices KPKT Urged To Open Strata Management Offices ⋅ Jun 11 A lawmaker said that more than six million Malaysians live in apartments and condominiums, and under the strata scheme, management offices are responsible for providing m...
Sime Darby Property Sees Growing Demand For Landed Homes Sime Darby Property Sees Growing Demand For Landed Homes ⋅ Jun 14 The developer secured total outstanding sales of RM572 million through bookings for 662 housing units across its 14 townships via its recently concluded 'Siap, Sedia, Ray...
Merdeka 118 Tower Tops Out Despite Delays Merdeka 118 Tower Tops Out Despite Delays ⋅ Jun 09 Ahmad Zulqarnain Onn, President and Group Chief Executive of PNB, said that the tower is currently 81% completed....
Malaysia Property Prices May Have Hit Rock-Bottom, Says Economist Malaysia Property Prices May Have Hit Rock-Bottom, Says Economist ⋅ Jun 10 Centre for Market Education fellow and Bait Al Amanah economist Fariq Sazuki said property prices can no longer be lowered by developers during MCO 3.0 since the prices a...
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