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What New Property Can I Buy in Penang?
Adjust the numbers to see how many projects fit your budget.
What monthly payment feels comfortable?
Based on this, you could be looking at homes around
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How old are you?
Helps estimate your loan tenure.
Minimum bedrooms preferred
Your total cash position for the purchase.
e.g. savings, EPF, etc
Do you currently have any housing loans?
Interest rate
Estimated from your loan size. Banks price each buyer differently.
Actual approval depends on each bank's assessment of your income and commitments.
Any particular neighbourhood in mind?
This is a quick estimation tool for planning purposes, not financial or legal advice.
The projects below are a curated selection of Penang’s new developments.
01. Andaman Island
What it is
One of Penang’s most ambitious waterfront developments currently taking shape along the island’s northern coastline, offering a wide range of homes across different price points and lifestyles.
Best Fit For
Waterfront living • Young to old • Walkable lifestyle
Starting From
~MYR 700k
02. Gelugor, by the Sea
What it is
A seaside neighbourhood in Gelugor, next to Penang's first bridge. The sea, a new mall, and a convention centre are within walking distance, with a future LRT station coming. You get the convenience of living in the city, right by the water.
Best Fit For
Urban living by the sea • Future LRT
Starting From
~MYR 800k
03. Penang Island Landed House
What it is
With land on the island running short, new landed homes are becoming rare. There are 11 projects across the island, from family terraces under MYR 1mil to homes reaching about MYR 6mil.
Best Fit For
Growing families • More space • Car to door living
Starting From
~MYR 790k
04. Penang Holiday Homes
What it is
A quiet corner of Batu Ferringhi with two very different ways to live. A very low-density condo that faces the sea and sunset. While the other is a 3 storey terrace that sits closer to the hills, with room for family and a private studio of its own.
Best Fit For
Holiday home • Sea views • Weekend escape
Starting From
~MYR 1.2 mil
05. A Quieter Side of Penang Island
What it is
A residential opportunity in Tanjung Bungah, one of Penang’s more established coastal neighbourhoods. It offers a slower pace of life, surrounded by greenery and low-density housing, while remaining close to everyday conveniences.
Best Fit For
Peaceful living • Green surroundings • Low-density neighbourhood
Starting From
~MYR 1.1mil
06. Investing in Georgetown’s Visitor Economy
What it is
A property opportunity within George Town that offers exposure to Penang’s tourism and medical tourism sectors. Available to Malaysians, it combines an accessible entry price with long-term demand drivers tied to the city’s visitor economy.
(see the investment thesis)
Best Fit For
Tourism exposure • Medical tourism • Operator-managed
Starting From
~MYR 500k
07. Living on Penang Mainland
What it is
For many, the mainland simply makes sense. Some want to live close to where they work, others want more home for their budget and don't mind the drive across the bridge. With 24 landed and 28 condo projects to choose from, there's room to find the right balance.
Best Fit For
Living near work • Value for money • Room to grow
Starting From
~MYR 320k
There are over 100 new projects in Penang.
But maybe only 2 or 3 actually make sense for you.
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