Apartment
Postcode 11500, Penang
RM610,658
RM602,846 — RM618,470
- Nearby sales
- 18 sales
- Built-up
- 1,400 sqft
- Per sqft
- RM436
- Issued
- 22 Aug 2026
Penang · Leasehold · Printed 22 August 2026
How this was worked out
This is an estimate from 18 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 −RM68k Leasehold discount relative to comparable mix
- Market Sentiment +RM3k Positive market momentum
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 |
|---|---|---|---|---|---|
| Jan 2026 | Bayan City / Elite Height, Barat Daya | Serviced Apartment | RM720,000 | 1,432 sq ft | RM503 |
| Jul 2025 | Bayan City / Elite Height, Barat Daya | Serviced Apartment | RM680,000 | 1,410 sq ft | RM482 |
| May 2025 | Bayan City / Elite Height, Barat Daya | Serviced Apartment | RM628,000 | 1,432 sq ft | RM439 |
| Apr 2025 | Bayan City / Elite Height, Barat Daya | Serviced Apartment | RM610,000 | 1,410 sq ft | RM433 |
| Apr 2025 | Sunshine Residence, Timur Laut | Serviced Apartment | RM701,000 | 1,342 sq ft | RM522 |
The 5 closest of 18 sales used. Open the page for the rest.
Apartment Valuation in Postcode 11500
Free estimated market value for a Apartment (1,400 sqft) based on real recent transactions nearby.
Apartment
Postcode 11500, Penang
RM610,658
RM602,846 — RM618,470
Nearby sales
18 sales
Built-up
1,400 sqft
Per sqft
RM436
Issued
21 Aug 2026
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Will a bank value this at RM610,658?
This estimate is derived from the transacted prices of comparable Apartment properties in Postcode 11500. 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.
Try your own price
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.
- Indicative financing
- RM549,592
- Cash required
- RM61,066
The agreed price exceeds this estimate by . Should the bank's valuer arrive at a figure nearer the estimate than the price, that difference is payable in cash over and above the deposit. Banks may also revise or withdraw a financing offer where the shortfall is substantial.
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 |
|---|---|---|---|---|
| BAYAN CITY / ELITE HEIGHT, Barat Daya | Serviced Apartment | RM720k | 1,432 sqft | Jan 2026 |
| BAYAN CITY / ELITE HEIGHT, Barat Daya | Serviced Apartment | RM680k | 1,410 sqft | Jul 2025 |
| BAYAN CITY / ELITE HEIGHT, Barat Daya | Serviced Apartment | RM628k | 1,432 sqft | May 2025 |
| BAYAN CITY / ELITE HEIGHT, Barat Daya | Serviced Apartment | RM610k | 1,410 sqft | Apr 2025 |
| SUNSHINE RESIDENCE, Timur Laut | Serviced Apartment | RM701k | 1,342 sqft | Apr 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.