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New Condo in Penang Below RM400k — 2026

Browse 5 new condo and serviced apartment launches in Penang priced below RM400,000. Live data from newprojek.com's database of 522+ projects.

Last updated: March 2026
5
Projects Found
RM270,000
Lowest Price
2
Condo Types

Showing 5 new condo launches below RM400k in Penang

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Recently Completed

Vivo Executive Apartment | Penang Property

Seberang Perai, Penang

730 sq ft
From RM270k
Serviced ApartmentFreehold
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New Launch

Aston Acacia @ Bukit Mertajam, Penang

Bukit Mertajam, Penang

701 sq ft
From RM319k
Serviced ApartmentFreehold
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Completed

La Casa Ara, Courtyard Villament (Townhouse) @ Tasek Gelugor, Penang

Seberang Perai, Penang

1,285 sq ft
From RM339k
Serviced ApartmentFreehold
Tropicana Bay Residences @ Bayan Lepas
Completed

Tropicana Corporation

Tropicana Bay Residences @ Bayan Lepas

Gelugor, Penang

From RM360k
Condominium
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New Launch

Versa @ Aspen Vision City, Batu Kawan, Penang

Batu Kawan, Penang

703 sq ft
From RM370k
Serviced ApartmentFreehold

What Your Budget Gets You in Penang

BudgetWhat You GetExample Areas
Below RM300kStudio/1BR condo, flat, or landed in outer areasButterworth, Balik Pulau
RM300k–500k2–3BR condo, terrace house in mid-range areasBayan Lepas, Bukit Mertajam, Butterworth
Above RM500kPrime location condo, semi-D, or branded residenceGeorge 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 RM400k property?

With a RM400,000 home loan (90% financing), your monthly instalment is approximately RM1,824 over 30 years at 4.5%.

Minimum gross salary required: RM3,040 (at 60% DSR).

Check Full EligibilitySalary Guide

Also Browse

All Penang ProjectsNew Property Penang Below RM300kAll ProjectsProperty Prices MalaysiaTransaction DataBest Investment Areas

Frequently Asked Questions

Are there new condos in Penang below RM400k?▼
Yes. NewProjek tracks new condo and serviced apartment launches in Penang priced below RM400k. Browse the listings above for the latest availability and prices.
What type of condo can I get below RM400k in Penang?▼
Below RM400k 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 RM400k?▼
For a RM400k condo with 90% financing at 4.5% over 30 years, your monthly instalment is approximately RM1,824. At 60% DSR, you need a minimum salary of around RM3,040.
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 RM400k 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 RM400k — Ringkasan

NewProjek menyenaraikan projek kondominium dan apartmen servis baru di Penang berharga bawah RM400k. Data dikemaskini berdasarkan pelancaran baharu oleh pemaju. Semak senarai projek di atas untuk maklumat terkini.

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