Penang Property Market Analysis

Malaysia

Median

RM410,000

PSF

RM356

Districts

Transactions

38,804

Period

transactions middle 50% (P25–P75)

Median

RM410,000

PSF

RM356

Period

transactions middle 50% (P25–P75)

Timur Laut

12,569 txns · RM398,000

12,569RM398,000

RM470−3.1%

Seberang Perai Tengah

8,474 txns · RM400,000

8,474RM400,000

RM287+0.9%

Seberang Perai Utara

6,376 txns · RM358,000

6,376RM358,000

RM275+2.1%

Seberang Perai Selatan

5,924 txns · RM450,000

5,924RM450,000

RM276+1.6%

Barat Daya

5,461 txns · RM499,000

5,461RM499,000

RM449−4.8%

PSF median price per sq ft · 12m its change over the past 12 months

Top Rental Yield Areas in Penang

176 areas ranked

16 of these 176 areas yield above 6%

See which ones, with median rents and sale psf beside each — before you commit to a purchase.

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Property Valuation

Market value for Condo in Penang Market value for Terrace in Penang Market value for Flat in Penang

Market Snapshot

Residential RM352 psf

RM385,000

Commercial RM444 psf

RM700,000

State Guide

Inside the Penang property market

Penang spans 5 districts with 38,804 recorded subsale transactions. The median transaction price across the state is RM410,000, or roughly RM356 per square foot — a useful benchmark when weighing value between districts.

The most active districts here are Timur Laut, Seberang Perai Tengah and Seberang Perai Utara, where transaction volume and pricing data are deepest. Each district below carries its own median price and 12-month PSF movement, so you can spot where momentum is building before it shows up in the headline numbers.

Use the transaction history from 2021 to 2026 to ground your own valuation, compare like-for-like within Penang, and decide which district best fits how you intend to buy, sell, or invest.