Property Prices in Penang — 2026

Actual transacted prices in Penang based on NAPIC data. Not asking prices.

Median Condo

RM490,000

Median Terrace

RM620,000

YoY Change

+2.1%

18,200 transactions (2024)

Price by Property Type

Property TypeMedian Price
CondominiumRM490,000
Terrace HouseRM620,000
Semi-DetachedRM880,000

Price range: RM200,000 – RM4 mil. Source: NAPIC 2024–2025.

Top Areas in Penang

1

George Town

Popular area in Penang

2

Bayan Lepas

Popular area in Penang

3

Bukit Mertajam

Popular area in Penang

4

Butterworth

Popular area in Penang

5

Balik Pulau

Popular area in Penang

What Your Budget Buys in Penang

Under RM300k

Apartment or flat in Balik Pulau — starter home or investment unit

RM300k–RM600k

Condo or terrace house in Bayan Lepas — family-sized, established neighbourhood

Above RM600k

Semi-D, bungalow, or prime location condo in George Town — premium segment

Frequently Asked Questions

What is the average property price in Penang in 2026?
The median condo price in Penang is approximately RM490,000, while terrace houses are around RM620,000. Semi-detached properties average RM880,000. These figures are based on NAPIC transaction data, not asking prices.
Is Penang a good place to buy property?
Penang recorded +2.1% year-on-year price growth with approximately 18,200 transactions in 2024. Top areas include George Town, Bayan Lepas, Bukit Mertajam. Check our affordability calculator to see if Penang property fits your budget.
What is the cheapest area to buy in Penang?
Property prices in Penang range from RM200,000 to RM4 mil. The most affordable options are typically found in suburban areas further from city centres. Use our property price check tool for area-specific estimates.
Are property prices rising in Penang?
Penang property prices showed +2.1% year-on-year change. The trend is currently upward, driven by strong demand. Historical data shows the market has normalised after the 2022–2023 growth period.
How many property transactions happen in Penang?
Penang recorded approximately 18,200 residential property transactions in 2024. This covers all property types including condominiums, terrace houses, semi-detached homes and bungalows.

Harga Hartanah Penang — Ringkasan

Harga median kondo di Penang ialah RM490,000, manakala rumah teres ialah RM620,000. Pertumbuhan tahun ke tahun ialah +2.1%.

Data ini berdasarkan transaksi sebenar NAPIC, bukan harga iklan. Layari Harga Rumah untuk data lengkap dalam Bahasa Melayu.

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