New Property Launch in Penang 2026

16 new launches — direct from developer

Batu MaungBatu Maung, PenangBatu KawanPENANGKepongSeberang PeraiTanjung TokongButterworth
16
Active Projects
RM670k
Avg. Starting Price
11
Areas Covered

RM300k – RM500k · 3

RM500k – RM1mil · 11

Above RM1mil · 2

Property Market in Penang

Penang offers a unique blend of heritage charm and modern development. Georgetown's UNESCO status, Bayan Lepas technology hub and Penang Hill corridor attract both local and international buyers. New condominium launches in Penang offer sea views, city convenience and competitive pricing compared to KL.

Frequently Asked Questions — Property in Penang

What is the average property price in Penang?

The average starting price for new properties in Penang is approximately RM670,388. Prices vary by area, type and developer.

Can I buy directly from a developer in Penang?

Yes. All projects listed on NewProjek are new launches sold directly by developers. You can contact the developer's sales team directly.

Are there freehold properties in Penang?

Yes, both freehold and leasehold properties are available in Penang. Use our filters to find freehold projects specifically.