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).

Check Full Eligibility Salary Guide

Also Browse

Below RM400k Below RM500k All Penang Projects All Projects Property Prices Malaysia

Frequently Asked Questions

Are there really new properties in Penang below RM300k?▼

Yes. NewProjek tracks new launches across Penang and several projects are priced below RM300k. These are typically condos, apartments and affordable housing schemes. Browse the listings above for the latest availability.

What type of property can I get in Penang for below RM300k?▼

Below RM300k in Penang, you can typically find studio apartments, 1–2 bedroom condos, and serviced apartments. In some areas, affordable terrace houses may also be available, especially in outer suburbs.

Which areas in Penang have new launches below RM300k?▼

New launches below RM300k in Penang are commonly found in Bukit Mertajam, Butterworth, Balik Pulau. Availability changes as new projects launch — check the listings above for the latest.

What is the minimum salary to buy a RM300k property in Penang?▼

For a RM300k property with 90% loan at 4.5% over 30 years, your monthly instalment is approximately RM1,368. At 60% DSR, you need a minimum gross salary of around RM2,280.

Are new launches cheaper than subsale in Penang?▼

New launches often have lower entry costs due to developer incentives like free legal fees, stamp duty absorption and DIBS (developer interest bearing scheme). However, the listed price may be similar — the savings come from reduced upfront costs.

Hartanah Baru Penang Bawah RM300k — Ringkasan

NewProjek menyenaraikan projek hartanah baru di Penang berharga bawah RM300k. Termasuk kondominium, apartmen dan rumah mampu milik. Data dikemaskini berdasarkan pelancaran baharu oleh pemaju. Semak senarai projek di atas untuk maklumat terkini.

New Property in Penang Below RM300k — 2026

Showing 3 new launches below RM300k in Penang

Ari Altitude @ Alma, Bukit Mertajam, Penang

Vivo Executive Apartment | Penang Property

Ideal Venice Residency @ Island Glades, Penang

What Your Budget Gets You in Penang