Showing 1 new condo launch below RM300k in Penang
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What Your Budget Gets You in Penang
| Budget | What You Get | Example Areas |
|---|---|---|
| Below RM300k | Studio/1BR condo, flat, or landed in outer areas | Butterworth, Balik Pulau |
| RM300k–500k | 2–3BR condo, terrace house in mid-range areas | Bayan Lepas, Bukit Mertajam, Butterworth |
| Above RM500k | Prime location condo, semi-D, or branded residence | George Town, Bayan Lepas |
Why Buy New Launch vs Subsale
Developer Financing
Bumiputera discounts, free legal fees, stamp duty absorption and DIBS available on many new launches.
Capital Appreciation
New launches typically appreciate 10–20% from launch price to vacant possession — built-in equity from day one.
Clean Title
No renovation surprises, no hidden defects. Full defect liability period and warranty from the developer.
Can you afford a RM300k property?
With a RM300,000 home loan (90% financing), your monthly instalment is approximately RM1,368 over 30 years at 4.5%.
Minimum gross salary required: RM2,280 (at 60% DSR).
Frequently Asked Questions
Are there new condos in Penang below RM300k?▼
Yes. NewProjek tracks new condo and serviced apartment launches in Penang priced below RM300k. Browse the listings above for the latest availability and prices.
What type of condo can I get below RM300k in Penang?▼
Below RM300k in Penang, you can typically find studio units, 1–2 bedroom condominiums, serviced apartments and SOHO units. Size and facilities vary by project and developer.
What salary do I need to buy a condo below RM300k?▼
For a RM300k condo with 90% financing at 4.5% over 30 years, your monthly instalment is approximately RM1,368. At 60% DSR, you need a minimum salary of around RM2,280.
Is it better to buy a new launch condo or subsale in Penang?▼
New launch condos often come with developer incentives like free legal fees, stamp duty absorption and DIBS. You also get a defect liability period. Subsale condos offer immediate move-in and established facilities. Both have merits depending on your priorities.
What facilities do new condos below RM300k usually have?▼
Most new condos in this range include basic facilities like swimming pool, gym, 24-hour security and parking. Higher-end projects may also offer co-working spaces, sky lounges and landscaped gardens.
Kondo Baru Penang Bawah RM300k — Ringkasan
NewProjek menyenaraikan projek kondominium dan apartmen servis baru di Penang berharga bawah RM300k. Data dikemaskini berdasarkan pelancaran baharu oleh pemaju. Semak senarai projek di atas untuk maklumat terkini.