New Property Projects in Penang 2026
8 new launches — direct from developer
Mah Sing Group
The Loft @ Southbay, Penang
Batu Maung, Penang
Mah Sing Group
M Zenni @ Batu Maung, Penang
Batu Maung, Penang, Penang
Eco World Development
Eco Sun
Batu Kawan, Penang
Mah Sing Group
M Aspira
Taman Desa, Penang
Eco World Development
Eco Horizon
Batu Kawan, Penang
Mah Sing Group
M Zenya
Kepong, Penang
Mah Sing Group
Ferringhi Residence 2
Penang
Tropicana Corporation
Tropicana Bay Residences @ Bayan Lepas
Gelugor, Penang
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 RM510,277. 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 — no agent required.
Are there freehold properties in Penang?
Yes, both freehold and leasehold properties are available in Penang. Use our filters to find freehold projects specifically.