Penang
Median Price
RM 1,093k
Based on 379729 units sold preceding 12 mths.
Annual Growth
-0.2%
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.
Properties in Penang
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Trends
Property News
KWAP to Invest in TRX Only Through Viable Partnership
⋅ Jun 06
Lacking the capacity to develop the two projects on its own, Retirement Fund Inc (KWAP) said it will only invest in Bandar Malaysia and the Tun Razak Exchange (TRX) if th...
Longhouse Folks Suffering Over Move to New PPR Units
⋅ Jun 06
The 815 households living in the rundown Jinjang Utara longhouses are now in the process of getting their permanent houses at PPR Seri Aman after waiting for 25 years....
Knight Frank Launches Asia-Pacific Residential Review
⋅ Jun 06
Knight Frank, the independent global property consultancy, today launches the May 2017 issue of Asia-Pacific Residential Review, tracking cross-border residential land ac...
Ikhmas Jaya Secures RM189m Contract from BBCC Project
⋅ Jun 06
A subsidiary of Ikhmas Jaya Group has been appointed to carry out the substructure works for the RM8.7 billion Bukit Bintang City Centre (BBCC) project at Jalan Pudu in K...
About Penang
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 39511 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. You might also want to check these most popular area nearby USM and Penang Hill
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