Terrace House
Postcode 11000, Penang
RM609,019
RM583,837 — RM634,201
- Nearby sales
- 49 sales
- Built-up
- 1,900 sqft
- Per sqft
- RM321
- Issued
- 22 Aug 2026
Penang · Leasehold · Printed 22 August 2026
How this was worked out
This is an estimate from 49 recorded sales of similar properties nearby, published by NAPIC. It is not a formal valuation and no one has inspected the property. Its condition, renovation, floor level and view are not in the figure. For a bank loan or any legal purpose, you need a licensed valuer.
- Tenure Adjustment −RM64k Leasehold discount relative to comparable mix
- Market Sentiment −RM6k Market showing caution
Sales it was compared against
Sizes differ between these properties, so the estimate works from psf rather than price.
| Date | Location | Type | Price | Size | Psf |
|---|---|---|---|---|---|
| Dec 2025 | Taman Balik Pulau, Barat Daya | 1 - 1 1/2 Storey Terraced | RM500,000 | 1,399 sq ft | RM357 |
| Nov 2025 | Prestige Iii, Barat Daya | 2 - 2 1/2 Storey Terraced | RM660,000 | 1,755 sq ft | RM376 |
| Oct 2025 | Taman Manggis Indah, Seberang Perai Tengah | 2 - 2 1/2 Storey Terraced | RM638,000 | 2,099 sq ft | RM304 |
| Oct 2025 | Novus Park, Barat Daya | 2 - 2 1/2 Storey Terraced | RM480,000 | 2,336 sq ft | RM205 |
| Oct 2025 | Bandar Botanica Ct, Barat Daya | 2 - 2 1/2 Storey Terraced | RM660,000 | 2,411 sq ft | RM274 |
The 5 closest of 49 sales used. Open the page for the rest.
Terrace House Valuation in Postcode 11000
Free estimated market value for a Terrace House (1,900 sqft) based on real recent transactions nearby.
Terrace House
Postcode 11000, Penang
RM609,019
RM583,837 — RM634,201
Nearby sales
49 sales
Built-up
1,900 sqft
Per sqft
RM321
Issued
22 Aug 2026
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Will a bank value this at RM609,019?
- Loan
- RM548,117
- Cash
- RM60,902
above this estimate — cash you pay on top of the deposit if the bank's valuer agrees with us.
This estimate is derived from the transacted prices of comparable Terrace House properties in Postcode 11000. When a housing loan is applied for, the bank appoints a registered valuer from its own panel, and it is that valuer's figure — known as the bank value, or nilai bank — against which financing is computed. Panel valuers assess the same evidence on a conservative basis, and the bank value commonly comes in below the asking price.
Financing is extended against the lower of the bank value and the price stated in the sale and purchase agreement (SPA). Where the valuation falls short, the difference — the differential sum — is payable in cash by the purchaser. Margin of financing is typically up to 90% for a first or second housing loan, and is generally capped at 70% from the third outstanding housing loan onwards.
This is a data-derived estimate based on recorded transactions and does not constitute a bank valuation. Only a valuer appointed by the financing bank can produce that figure, and the purchaser has no say in the appointment. How bank value and market value differ.
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What pushed the price up or down
Nearby sales we looked at
| Location | Type | Price | Size | Sold |
|---|---|---|---|---|
| TAMAN BALIK PULAU, Barat Daya | 1 - 1 1/2 Storey Terraced | RM500k | 1,399 sqft | Dec 2025 |
| PRESTIGE III, Barat Daya | 2 - 2 1/2 Storey Terraced | RM660k | 1,755 sqft | Nov 2025 |
| TAMAN MANGGIS INDAH, Seberang Perai Tengah | 2 - 2 1/2 Storey Terraced | RM638k | 2,099 sqft | Oct 2025 |
| NOVUS PARK, Barat Daya | 2 - 2 1/2 Storey Terraced | RM480k | 2,336 sqft | Oct 2025 |
| BANDAR BOTANICA CT, Barat Daya | 2 - 2 1/2 Storey Terraced | RM660k | 2,411 sqft | Oct 2025 |
It depends on how many similar homes have sold nearby. Our confidence rating tells you how much to trust the estimate — high confidence means lots of recent, consistent sales to compare against.
This tool is great for a quick estimate. For anything serious (selling, refinancing, legal), you should still get a professional valuer.
We use transaction records from JPPH (Jabatan Penilaian dan Perkhidmatan Harta), Malaysia’s official property valuation authority. Every stamped property transfer gets recorded there.
Our database has 500,023+ real sales and updates quarterly when JPPH publishes new data.
The median price you see on area pages is a simple middle value across all sales in that area — all types and sizes lumped together. It tells you what a typical sale looks like.
This estimate is personalised to your home: we filter by your property type, adjust for your size and floor, and correct for tenure. That’s why it’s usually more accurate for your home specifically.
Want the full method? Read how we calculate the estimate and where our transaction data comes from.
Data from JPPH (Jabatan Penilaian dan Perkhidmatan Harta). This estimate is for information only — not a substitute for a professional valuation.