Property prices for sale in Penang (Negeri Pulau Pinang)

The prices in real estate in Penang, in the Negeri Pulau Pinang region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city

RM 937,896
Average price last 6 months
RM 509.83
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Penang has fallen in the last 6 months. In September, the average price per sq.feet was RM 573. In the following month the price per sq.feet decreased to RM 526. The price for the following two months in (November, December) decreased 85 % with regard to the prior two months. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of RM 509.5 to RM 510.5 during January y February

Average price

Based upon to the price in Penang (cities), this has gone downing the last 6 months. The average price for September is RM 1,055,171. During October the price had a slight fall till RM 899,875. During the following two months (November, December) the average price had a considerable reduction of 80 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 121 % during the last two months.

Average price per bedrooms

The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of RM 1,067,509 they are 46 % more affordable than the average price for Penang. The properties with the highest average price have 4 bedrooms, Their price is 6 % more costly than the average. After that we have properties with 1 bedroom priced at RM 1,131,367.

With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of RM 467 / sq.feet, with an average RM 491 / sq.feet price in Penang. The properties with the highest average prices have 1 bedroom. They are 80 % more expensive than the average followed by properties with 4 bedrooms with a price at RM 548 / sq.feet.

Price per property type

The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of RM 1,067,509 it is 48 % cheaper than the average price in Penang. "Condominium" is seen as the second most affordable property type. The dearest property type is "Bungalow" followed by "Semi Detached House". At a price of RM 2,103,096 it is 187 % more expensive than the average price.

According to the average cost per sq.feet, the cheapest property type is "Condominium" at an average cost of RM 483 / sq.feet followed by "Terraced House" priced at RM 493 / sq.feet. "Bungalow" is the most costly type of property with a RM 767 / sq.feet cost followed by "Detached House" with an average price of RM 611 / sq.feet.

Charts data
Average price February
Average price per sq.feet February
Number of properties used in Penang
Number of properties used in region Negeri Pulau Pinang
RM 1,067,509
RM 491
604
6,422
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value
The Peak Residences 1750sqft Tanjong Tokong
 1
The Peak Residences 1750sqft Tanjong Tokong
RM 829,000
Tanjong Tokong, Penang - For Sale - Condominium - 1,750 sq.feet - 4 bedrooms - 3 bathrooms
The peak residences garden unit for saleunit comes with a small private garden built up 1750 sqft 4 bedrooms and 3 bathroomsrenovated and partially furnished3...
Platinum Iii Condo Teluk Kumbar 1330sqft
 1
Platinum Iii Condo Teluk Kumbar 1330sqft
RM 500,000
Bayan Lepas, Penang - For Sale - Condominium - 1,330 sq.feet - 3 bedrooms - 2 bathrooms
Platinum 3 condo teluk kumbar for salefreeholdmid floor corner unit1330 sqft3 bedrooms 2 bathrooms2 car parksoriginal conditionselling price rm500kfor more...
Bukit Jambul Indah Low Rise Flat
 1
Bukit Jambul Indah Low Rise Flat
RM 200,000
Gelugor, Penang - For Sale - Apartment - 620 sq.feet - 2 bedrooms - 1 bathroom
Bukit jambul indah bukit jambul leaseholdlow rise flat2 bedrooms 1 bathroom620sqftrenovated selling at rm200k please contact for viewing0111 324 8226
2 Storey House Solok Kampumg Paya Teluk Kumbar Opposite Lexis Hotel
 1
2 Storey House Solok Kampumg Paya Teluk Kumbar Opposite Lexis Hotel
RM 890,000
Teluk Kumbar, Penang - For Sale - Terraced House - 2,000 sq.feet - 4 bedrooms - 4 bathrooms
Kampung solok paya double storey house bayan lepas teluk kumbaropposite lexis penang4 bedroom 4 bathroom2 car parkland area 82 x 24ft 1968sqftbuild up area 65...
Trehaus Condo Villa Private Lift Free Legal No Agent Fee
 1
Trehaus Condo Villa Private Lift Free Legal No Agent Fee
RM 860,000
Bayan Lepas, Penang - For Sale - Condominium - 1,754 sq.feet - 4 bedrooms - 4 bathrooms
3 bedrooms 1 maid room3 bathrooms23 car parks availablewell reno kitchen cabinetfree aircondsvery nice ambience environment and peaceful areafree spa and loan...
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