Penang property market

Penang recorded 8,757 registered property sales since 2021 across 5 districts. Over the last 2 years the state median price was RM500k (RM480 psf), with price-per-sqft down 7.8% versus 2021. The most-transacted type is Condominium. Explore any district below for finer detail. Source: NAPIC/JPPH — free and open.

Type:Condominium 2-sty Terraced Low-Cost Flat Flat 1-sty Terraced All types

Median price · last 2 yrs

RM500k

4.4% YoY

Median PSF · last 2 yrs

RM480

built-up basis

Price/sqft growth

-7.8%

since 2021 · real

Sales · last 2 yrs

1,969

registered

Upcoming auctions

215

3 below median

Median price trend

quarterly · 2021 → 2026

All property types, Penang

2021 median RM550krecent median RM500k9.1% in price

Price distribution

Share of 2025 sales by price band

< RM250k6%

250–500k41%

500–750k30%

750k–1M11%

1–1.5M7%

> RM1.5M6%

25th percentileRM400,000

MedianRM520,000

75th percentileRM715,000

What sells here

Type mix and median price · 2025

Condominium/Apartment18%RM488k

Flat18%RM290k

Low-Cost Flat16%RM155k

2 - 2 1/2 Storey Terraced14%RM580k

1 - 1 1/2 Storey Terraced9%RM375k

2 - 2 1/2 Storey Semi-Detached4%RM889k

Tenure:90% freehold · 10% leasehold

Districts in Penang

Median price and growth by district · click to drill in

Timur LautRM350k25.8%Seberang Perai TengahRM385k15%Barat DayaRM421k14.9%Seberang Perai SelatanRM410k16%Seberang Perai UtaraRM380k29.3%

Auctions in Penang215 upcoming

All Penang auctions →

Reserve prices scored against Penang's real sold medians by type

Pangsapuri Pinang Emas, Penang−44% vs soldFlat · 560 sqft · auction 3 Aug 2026RM166,500type median RM295k Bukit Saujana, Penang−32% vs soldFlat · 689 sqft · auction 3 Aug 2026RM200,000type median RM295k Twin Towers, PenangApartment/Condo/SOHO · 1,249 sqft · auction 3 Aug 2026RM356,400 Kompleks Tun Abdul Razak (KOMTAR), PenangShop/Shop Office/Retail Space/Office · 635 sqft · auction 3 Aug 2026RM129,907.8 Sri Impian, PenangApartment/Condo/SOHO · 700 sqft · auction 3 Aug 2026RM260,000 Taman Continental, Penang−15% vs soldFlat · 1,011 sqft · auction 3 Aug 2026RM251,505type median RM295k

Frequently asked

What is the median property price in Penang?

The median registered sale price in Penang in 2025 was RM500,000 (RM480 per sq ft), based on 8,757 NAPIC/JPPH transactions across 5 districts since 2021.

Which is the most expensive district in Penang?

Barat Daya has the highest median price in Penang at RM421,000.

Are property prices in Penang rising or falling?

Penang's price-per-sqft is down 7.8% since 2021 (a mix-neutral measure of real appreciation), and down 4.4% year-on-year.

How many property transactions are recorded in Penang?

8,757 registered sales since 2021, of which 1,969 were in 2025. Source: NAPIC/JPPH.