Home/Penang/Below RM500k

New Property in Penang Below RM500k2026

Browse 14 new property launches in Penang priced below RM500,000. Live data from newprojek.com's database of 522+ projects.

Last updated: March 2026
14
Projects Found
RM250,000
Lowest Price
Penang
State

Showing 14 new launches below RM500k in Penang

Ari Altitude @ Alma, Bukit Mertajam, Penang
New Launch

Ari Altitude @ Alma, Bukit Mertajam, Penang

Bukit Mertajam, Penang

950 sq ft
From RM250k
Landed HouseFreehold
Vivo Executive Apartment | Penang Property
New Launch

Vivo Executive Apartment | Penang Property

Seberang Perai, Penang

730 sq ft
From RM270k
Serviced ApartmentFreehold
Ideal Venice Residency @ Island Glades, Penang
New Launch

Ideal Venice Residency @ Island Glades, Penang

Bukit Gambir, Penang

850 sq ft
From RM300k
Landed HouseFreehold
Aston Acacia @ Bukit Mertajam, Penang
New Launch

Aston Acacia @ Bukit Mertajam, Penang

Bukit Mertajam, Penang

701 sq ft
From RM319k
Serviced ApartmentFreehold
La Casa Ara, Courtyard Villament (Townhouse) @ Tasek Gelugor, Penang
New Launch

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
New Launch

Tropicana Bay Residences @ Bayan Lepas

Gelugor, Penang

From RM360k
Condominium
Versa @ Aspen Vision City, Batu Kawan, Penang
New Launch

Versa @ Aspen Vision City, Batu Kawan, Penang

Batu Kawan, Penang

703 sq ft
From RM370k
Serviced ApartmentFreehold
Havana Beach Residences @ Bayan Lepas, Penang
New Launch

Havana Beach Residences @ Bayan Lepas, Penang

Bayan Lepas, Penang

900 sq ft
From RM408k
Condominium
M Zenya
Under Construction

Mah Sing Group

M Zenya

Kepong, Penang

From RM420k
CondominiumFreehold
M Aspira
Under Construction

Mah Sing Group

M Aspira

Taman Desa, Penang

From RM452k
Serviced ApartmentFreehold
Single Storey Terrace Homes (Charm & Rejoice) @ Amansara North, Setia Fontaines, Penang
New Launch

Single Storey Terrace Homes (Charm & Rejoice) @ Amansara North, Setia Fontaines, Penang

Kepala Batas, Penang

1,385 sq ft
From RM475k
Landed HouseFreehold
Amansara North, Setia Fontaines @ Kepala Batas, 1-Storey Terrace
New Launch

Amansara North, Setia Fontaines @ Kepala Batas, 1-Storey Terrace

Kepala Batas, Penang

1,385 sq ft
From RM475k
Landed HouseFreehold
Mekarsari Phase15, Terrace House @ Bertam, Kepala Batas
New Launch

Mekarsari Phase15, Terrace House @ Bertam, Kepala Batas

Kepala Batas, Penang

2,061 sq ft
From RM500k
Landed House
Sinaran Residences @ Utropolis Batu Kawan, Penang
New Launch

Sinaran Residences @ Utropolis Batu Kawan, Penang

Batu Kawan, Penang

667 sq ft
From RM500k
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 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).

Frequently Asked Questions

Are there really new properties in Penang below RM500k?
Yes. NewProjek tracks new launches across Penang and several projects are priced below RM500k. 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 RM500k?
Below RM500k 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 RM500k?
New launches below RM500k 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 RM500k property in Penang?
For a RM500k property with 90% loan at 4.5% over 30 years, your monthly instalment is approximately RM2,280. At 60% DSR, you need a minimum gross salary of around RM3,800.
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 RM500k — Ringkasan

NewProjek menyenaraikan projek hartanah baru di Penang berharga bawah RM500k. Termasuk kondominium, apartmen dan rumah mampu milik. Data dikemaskini berdasarkan pelancaran baharu oleh pemaju. Semak senarai projek di atas untuk maklumat terkini.

Get notified when new projects launch

Free forever. Unsubscribe anytime.

2,400+ buyers · 🏠 522 projects

💰 2% cashback on every purchase