Georgetown

Median Price

RM 1,794k

Based on 85638 units sold preceding 12 mths.

Annual Growth

16.4%

Compound annual growth rate in median price.

Georgetown, located in Penang, is not just a major city but is considered the entire state’s capital, not just Penang Island’s. Being a metropolis, the area has no problem when it comes to transit efficiency. The Kelutong Expressway and the Penang Bridge are the main roads used to lead residents in and out, mainly to other bustling areas like Bayan Lepas and Gelugor. The North South Expressway in turn, leads drivers from the area to greater parts of Malaysia. It also has ferry service at its station Weld Quay and unlike many ferries; cars and motorcycles go along for the ride as well as one can drive their vehicles inside the boat. Rapid Penang service is available, naturally. 

Inside, a multitude of amenities and attractions await. So much so that it has been named as a UNESCO World Heritage Site, encompassing much of Malaysia’s joint history and culture within its architectural construction. Another place to be given the honour is Melaka. Among the many mansions, forts and temples, a few certainly stand out as highlights that serve dual purposes; being tourist favourites and educational/ religious refuge for its residents. They are the Penang State and Islamic Museums, St. George’s Church, Kapitan Keling Mosque, Kuan Yin Teng Temple and Dhammikarama Burmese Buddhist Temple. Komtar Shopping Complex provides the retail options.   

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 11482 listings in Georgetown, 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

SP Setia Achieves Quadruple Win At 13th Malaysia Landscape Architecture Awards SP Setia Achieves Quadruple Win At 13th Malaysia Landscape Architecture Awards ⋅ May 29 The Landscape Development Award of MLAA13 recognises site-specific areas or large-scale projects which incorporate a wide range of landscape values and benefits through t...
IJM Land Takes a Multigenerational Flight with Avela at IJM Rimbayu IJM Land Takes a Multigenerational Flight with Avela at IJM Rimbayu ⋅ May 30 The launch of Avela is all about multigenerational inclusiveness that’s grateful to those who have previously laid the foundation for success ...
Tropicana’s Revenue Up 15%, Stays On Track For Growth Tropicana’s Revenue Up 15%, Stays On Track For Growth ⋅ May 30 The Group recorded revenue of RM256.7 million, which was RM33.4 million or 15% higher when compared to the corresponding quarter in the preceding year (Q1 2022: 3 million...
Penang introduces ban on short-term rental accommodations on the island, Perak takes steps to restore Malay reserve land and more Penang introduces ban on short-term rental accommodations on the island, Perak takes steps to restore Malay reserve land and more ⋅ May 29 Check out the news highlights of what happened in the Malaysian property market from 23 May 2023 to 29 May 2023 now! ...
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