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 RM500k property?

With a RM500,000 home loan (90% financing), your monthly instalment is approximately RM2,280 over 30 years at 4.5%.

Minimum gross salary required: RM3,800 (at 60% DSR).

Check Full Eligibility Salary Guide

Also Browse

All Penang Projects New Property Penang Below RM300k All Projects Property Prices Malaysia Transaction Data Best Investment Areas

Frequently Asked Questions

Are there new condos in Penang below RM500k?▼

Yes. NewProjek tracks new condo and serviced apartment launches in Penang priced below RM500k. Browse the listings above for the latest availability and prices.

What type of condo can I get below RM500k in Penang?▼

Below RM500k 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 RM500k?▼

For a RM500k condo with 90% financing at 4.5% over 30 years, your monthly instalment is approximately RM2,280. At 60% DSR, you need a minimum salary of around RM3,800.

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 RM500k 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 RM500k — Ringkasan

NewProjek menyenaraikan projek kondominium dan apartmen servis baru di Penang berharga bawah RM500k. Data dikemaskini berdasarkan pelancaran baharu oleh pemaju. Semak senarai projek di atas untuk maklumat terkini.

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