Penang property — is it overpriced or still room to grow?
Siew Lan
6 Mar 2026
Island (Pulau Pinang):
- Bayan Lepas: Good value near airport, Intel, Dell. RM350-500k for decent condos.
- Tanjung Tokong: Premium hilltop area. RM700k-1.2M+
- Georgetown: Heritage conservation limits supply. Strong rental demand from tourists.
Mainland (Seberang Perai):
- Much cheaper, 30-50% lower psf than island
- Good for rental if near industrial parks
My take: Island has a price ceiling given supply constraints. Mainland has more upside if the second penang bridge area develops as planned.
Related Discussions
Is it just me or are asking prices in the Klang Valley not moving much despite all the 'market is heating up' talk?
I've been tracking a handful of listings (mostly condos in PJ and Cheras) over the past couple of months for a potential purchase, and the asking prices barely moved even though I keep seeing articles...
Market update: What is happening in Subang Jaya?
Seeing many new high-rise projects in Subang Jaya. Do you think it is oversupplied or still has good capital appreciation potential?
Market update: What is happening in Kuala Lumpur?
Seeing many new high-rise projects in Kuala Lumpur. Do you think it is oversupplied or still has good capital appreciation potential?
Market update: What is happening in Kota Kinabalu?
Seeing many new high-rise projects in Kota Kinabalu. Do you think it is oversupplied or still has good capital appreciation potential?
Is Johor property the play of the decade?
Controversial take: Johor might be the most underpriced market in Malaysia right now. Catalysts: - RTS Link (Rapid Transit System) — expected operational 2026 - Forest City ongoing but adapti...
Bank Negara holds OPR — what it means for property buyers
Bank Negara kept OPR at 3.00% this quarter. Here's why it matters for you: For fixed-rate borrowers: No immediate impact — your monthly installment stays the same. For variable-rate (float...
Market update: What is happening in Taman Tun Dr Ismail?
Seeing many new high-rise projects in Taman Tun Dr Ismail. Do you think it is oversupplied or still has good capital appreciation potential?
Market update: What is happening in Melaka?
Seeing many new high-rise projects in Melaka. Do you think it is oversupplied or still has good capital appreciation potential?