Ferringhi Residence 2 @ Batu Ferringhi, Georgetown, Penang
From
RM789k
Price From
RM789k
Built-Up
1,208 sqft
Price Insights
Developer Asking Price
RM653/sqft
Based on RM789k ÷ 1,208 sqft
Penang Market Range
RM400–700/sqft
Q3 2025 median (high-rise residential)
Based on Batu Ferringhi, Penang market data, similar properties transact at RM400–RM700 psf. This project is priced within the market range for the area.
Subsale Transaction Data
VerifiedOfficial govt records for FERRINGHI RESIDENCE 2
Transactions
4
Median PSF
RM658
Latest
Nov 2025
Ferringhi Residence 2 @ Batu Ferringhi, Georgetown, Penang Review — Worth Buying?
NP Score
6/10
Moderate
Asking PSF
RM653
per sqft
Batu Ferringhi Median
RM658
verified PSF
Price check: Priced at RM653/sqft — at or below the Batu Ferringhi median of RM658/sqft.
The case for buying
- Beachfront location in iconic Batu Ferringhi tourist destination
- Freehold tenure ensures long-term property ownership security
- Affordable pricing at RM789k for coastal living
- Close to Georgetown UNESCO site and amenities
- Strong rental yield potential from tourism demand
The honest verdict
Value/Pricing
At RM789,000 entry price for a beachfront condominium in Batu Ferringhi, the project offers competitive positioning within the Penang luxury residential market, though pricing appears market-aligned rather than discounted, warranting comparison with comparable freehold properties in the vicinity.
Location/Connectivity
Batu Ferringhi's established beachfront location provides strong lifestyle appeal and tourism proximity; however, the absence of nearby MRT connectivity may limit long-term capital appreciation and accessibility for commuters relying on public transport to central business districts.
Risk/Timing
The absence of a specified completion date presents a material uncertainty for investors regarding project timeline and delivery risk; prospective buyers should seek clarification on expected handover dates and developer track record before commitment.
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- Market price analysis — is it fairly priced?
- Investment analysis — rental yield & capital growth
- Loan eligibility — salary needed to buy
- Area income profile (DOSM)
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Project Details
Property Type
Condominium
Land Tenure
Freehold
Construction Status
Recently Completed
Bumi Discount
Not Available
Ferringhi Residence 2 @ Batu Ferringhi, Georgetown, Penang Video Tour
Watch a video tour of Ferringhi Residence 2 @ Batu Ferringhi, Georgetown, Penang in Batu Ferringhi, Penang. Condominium by Developer.
Video sourced from YouTube. Not affiliated with the developer.
More videos →Why Consider Ferringhi Residence 2 @ Batu Ferringhi, Georgetown, Penang?
Based on location data and market analysis
- ✓Beachfront location in iconic Batu Ferringhi tourist destination
- ✓Freehold tenure ensures long-term property ownership security
- ✓Affordable pricing at RM789k for coastal living
- ✓Close to Georgetown UNESCO site and amenities
- ✓Strong rental yield potential from tourism demand
Investment Snapshot
Based on verified transaction data for Penang
Est. Monthly Rental
RM2,800–3,800
Based on similar properties in Penang
Gross Rental Yield
4.5%–5.5%
Annual rental / property price
Airbnb Estimate
RM4,200/mo
RM185/night × 76% occupancy · 6.4% gross yield
Area Price Trend
+10.6%
Verified sold prices 2021–2025
Price-to-Income
8.9x income
Lower = more affordable (avg 6.8x)
Estimates based on verified transaction data for similar properties in Penang (2021–2025). Not financial advice.
See full area analysis →Check subsale transaction history in Batu Ferringhi
Browse real verified transaction prices for nearby properties
Can I afford this?
Estimate only — actual bank approval depends on your credit profile and existing commitments.
Est. monthly repayment
RM 3,230/mo
Based on 10% down, 35yr tenure at 4.2% p.a.
Minimum gross monthly income typically needed
RM 5,383/mo
Assumes no other debts, at a comfortable 60% DSR. Banks allow up to ~70% — existing car/personal loans lower how much you qualify for.
Check with your real income →Estimated cash needed upfront
Part of your down payment and stamp duty can often be covered using EPF Account 2 savings (subject to eligibility and withdrawal limits).
Full stamp duty & legal fee breakdown →Frequently Asked Questions
What is the price of Ferringhi Residence 2 @ Batu Ferringhi, Georgetown, Penang?▼
Ferringhi Residence 2 @ Batu Ferringhi, Georgetown, Penang starts from RM789k. Contact the developer directly on NewProjek for the latest pricing.
Where is Ferringhi Residence 2 @ Batu Ferringhi, Georgetown, Penang located?▼
Ferringhi Residence 2 @ Batu Ferringhi, Georgetown, Penang is located in Batu Ferringhi, Penang, Malaysia.
Who is the developer of Ferringhi Residence 2 @ Batu Ferringhi, Georgetown, Penang?▼
Ferringhi Residence 2 @ Batu Ferringhi, Georgetown, Penang is developed by Developer.
What type of property is Ferringhi Residence 2 @ Batu Ferringhi, Georgetown, Penang?▼
Ferringhi Residence 2 @ Batu Ferringhi, Georgetown, Penang is a Condominium development with Freehold tenure.
What is the construction status of Ferringhi Residence 2 @ Batu Ferringhi, Georgetown, Penang?▼
Ferringhi Residence 2 @ Batu Ferringhi, Georgetown, Penang is currently Recently Completed.
Berapa harga Ferringhi Residence 2 @ Batu Ferringhi, Georgetown, Penang?▼
Ferringhi Residence 2 @ Batu Ferringhi, Georgetown, Penang dijual bermula dari RM789k. Hubungi pemaju terus melalui NewProjek untuk senarai harga terkini.
Looking to buy or rent Ferringhi Residence 2 @ Batu Ferringhi, Georgetown, Penang?
This project is newly completed. Browse subsale transactions, current listings, and market data below.
View Transaction History (4 txns)Find Subsale ListingsOr search rentals →Still want to contact the developer? (e.g., for clubhouse access, complaints, second-phase info)
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Verified Transaction Data
What do units here actually sell for?
Real stamped SPA prices — not asking prices. From RM69.90.
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