New Launches · Penang
New Property Launches in Penang 2026
13 new projects in Penang, from RM420k — direct from developer · updated July 2026
RM300k – RM500k · 2
RM500k – RM1mil · 9
Sinaran Residences @ Utropolis Batu Kawan, Penang
Batu Kawan, Penang
Mah Sing Group
M Zenni
Batu Maung, Penang
Mah Sing Group
M Zenni @ Batu Maung, Penang
Batu Maung, Penang, Penang
SP Setia
Double Storey Terrace Homes (Glamour & Shine) @ Amansara North, Setia Fontaines, Penang
Kepala Batas, Penang
Eco World Development
Eco Sun
Batu Kawan, Penang
Zen6 @ Georgetown, Penang
Georgetown, Penang
Malton Berhad
Tuan Pavilion, Condominium @ Air Itam, Penang
Air Itam, Penang
SP Setia
Allure Double Storey Superlink Homes @ Amansara North, Setia Fontaines, Penang
Kepala Batas, Penang
2-storey Terrace @ Taman Riang, Butterworth
Butterworth, Penang
Above RM1mil · 2
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Property Market in Penang
Penang offers a unique blend of heritage charm and modern development. Georgetown's UNESCO status, Bayan Lepas technology hub and Penang Hill corridor attract both local and international buyers. New condominium launches in Penang offer sea views, city convenience and competitive pricing compared to KL.
New Property by Area in Penang
Explore new condo & landed projects across Penang's key areas — each with its own price points and rental profile.
Why Penang Property in 2026?
Penang is Malaysia's chip-making heart — Bayan Lepas and Batu Kawan are drawing record electronics investment, sustaining deep, high-income tenant demand near the industrial zones.
The island is largely built out, so new freehold supply is rare and holds value well — while the mainland (Seberang Perai, Batu Kawan) offers the same jobs access at far lower entry prices.
Georgetown's UNESCO status and the island's tourism keep short- and long-stay rental demand among the most liquid outside KL — strong for serviced-residence investors.
Browse Property Prices in Penang
New launches by budget, plus real transacted prices
Frequently Asked Questions — Property in Penang
What is the average price of new property in Penang?
The average starting price for new launches in Penang is around RM688,062. Island condos in Georgetown and Tanjung Tokong typically start higher, while mainland areas like Butterworth and Bukit Mertajam offer new condos from RM300,000–RM500,000.
Is it better to buy property on Penang island or the mainland?
The island (Georgetown, Tanjung Tokong, Bayan Lepas) offers prestige, scarcity and the strongest rental demand, but at a premium. The mainland (Butterworth, Bukit Mertajam, Batu Kawan) gives the same access to the semiconductor job corridor at much lower prices with more landed supply — increasingly popular with upgraders and investors.
What is the cheapest new property in Penang?
Affordable new condos in Penang start from around RM300,000 on the mainland (Butterworth, Bukit Mertajam, Seberang Perai). Island launches generally start higher due to land scarcity.
Is Penang property a good investment in 2026?
Penang's record semiconductor and E&E investment is driving sustained high-income tenant demand, especially near Bayan Lepas and Batu Kawan. Island scarcity supports prices, while the mainland offers the clearest growth per ringgit.
Are there freehold properties in Penang?
Yes — Penang has both freehold and leasehold supply, with freehold more common on the mainland. Freehold island launches command a premium given limited land. Use our freehold filter to find them.