Bayan Lepas

Median Price

RM 1,778k

Based on 100764 units sold preceding 12 mths.

Annual Growth

1.9%

Compound annual growth rate in median price.

Bayan Lepas is a bustling city located in Penang. A rather strange name, translating loosely to the parakeet that flew away, this city certainly has, leaving its neighbouring towns lagging behind in comparison. It is most famous for housing the Penang International Airport and Penang’s largest mall, Queensbay. It also has the only Giant Hypermarket in Penang Island. The area serves not only its own residents but all of its neighbouring towns as well as it the most developed. The road most commonly used to and from the town is the expressway bearing its name.

It is also home to the Banyan Lepas Free Trade Zone or FTZ, therefore solidifying the area’s title of being an industrial hub as it creates jobs and keeps things vibrant in the city itself. Through all its upgrading, it has not lost sight of the past, with its War Museum, one of Bayan Lepas’ most famous tourist attractions. It also serves educationally with regards to local history. Its Snake Temple is also very popular among visitors and worshipper alike. Rapid Penang service is available in the area.    

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 11232 listings in Bayan Lepas, 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

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Many Turn To Renting Amid Increasing Property Prices, Stagnant Income: EPU Survey Many Turn To Renting Amid Increasing Property Prices, Stagnant Income: EPU Survey ⋅ May 05 A survey by the EPU showed that 76% of Malaysians earn less than RM5,000 per month, which makes them cannot afford a house priced over RM300,000 – ruling out homes within...
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