Property prices for rent in Georgetown (Penang)

The rent prices in real estate in Georgetown, in the Penang region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.

RM 3,245.83
Average price last 6 months
RM 1.91
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Georgetown has fallen during the last 6 months. In November, the average price per sq.feet was RM 2.02. In the following month the price per sq.feet fell to RM 1.87. The price for the following two months in (January, February) fell 95 % with regard to the previous two months. The price per sq.feet has hardly changed in the last two months compared to the average price of the previous four months going from an average price of RM 1.89 to RM 1.94 during March y April

Average price

When referring to the price in Georgetown (cities), this has fallen in the last 6 months. The average price for November is RM 3,434. During December the price had a slight fall till RM 3,221. During the following two months (January, February) the average price fell 88 % 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 increased 111 % during the last two months.

Average price per bedrooms

The graph displaying the average rent price for bedrooms illustrates that those properties with 3 bedrooms are the most affordable ones. At a price of RM 3,997 they are 53 % more affordable than the average price for Georgetown . The properties with the lowest average price have 4 bedrooms, Their price is 5 % more affordable than the average. After that we have properties with 1 bedroom priced at RM 2,166.

With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of RM 1.48 / sq.feet, with an average RM 2.02 / sq.feet price in Georgetown. The properties with the most expensive average prices have 1 bedroom. They are 33 % more expensive than the average followed by properties with 2 bedrooms with a price at RM 2.15 / sq.feet.

Price per property type

The graph displaying the average rent prices displays the property type "Condominium" as the most affordable one. At an cost of RM 3,997 it is 53 % more affordable than the average price in Georgetown. "Link House" is seen as the second most affordable property type. The most expensive property type is "Bungalow" followed by "Semi Detached House". At a price of RM 5,256 it is 230 % more expensive than the average price.

According to the average cost per sq.feet, the most affordable property is "Link House" at an average price of RM 1.32 / sq.feet followed by "Condominium" priced at RM 1.7 / sq.feet. "Bungalow" is the most expensive type of property with a RM 2.42 / sq.feet value followed by "Semi Detached House" with an average price of RM 2.21 / sq.feet.

Charts data
Average price April
Average price per sq.feet April
Number of properties used in Georgetown
Number of properties used in region Penang
RM 3,997
RM 2.02
33,784
184,788
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value
The Weld Heritage Square For
 1
The Weld Heritage Square For
RM 1,600,000
Georgetown, Penang - For Sale - Shop - 3,000 sq.feet
The weld heritage square @ georgetown, a newly developed urban heritage commercial project is recently launched and 36 units of are available for purchase today. Built up area: 3,000 square feet...
1.5 Acres Bungalow In The Heart Of Georgetown
 1
1.5 Acres Bungalow In The Heart Of Georgetown
RM 26,000,000
Georgetown, Penang - For Sale - Bungalow - 35,000 sq.feet - 10 bedrooms - 7 bathrooms
Located in a high end quiet residential area yet only 15 mins drive to inner georgetown. Within 3-5 minutes drive to general island loh guan lye gleneagle adventist and 5 minutes drive to botanical...
1 Storey Semi Detached | Jalan Taylor | Georgetown | 3367sf | Rm1.85m,jalan Taylor
 4
1 Storey Semi Detached | Jalan Taylor | Georgetown | 3367sf | Rm1.85m,jalan Taylor
RM 1,850,000
Georgetown, Penang - For Sale - Semi Detached House - 2,000 sq.feet - 3 bedrooms - 2 bathrooms
Location: jalan taylor, georgetown land area: 3367sf type: single-storey semi-detached bedroom: 3 bathroom: 2 asking rm 1,850,000.00 nego kindly contact lee theng 017-472 6130 (ren 08505) zherlynn...
2.5 Storey Terrace Corner Unit @ Jalan Nirvana, Georgetown
 5
2.5 Storey Terrace Corner Unit @ Jalan Nirvana, Georgetown
RM 2,100,000
Georgetown, Penang - For Sale - 4,320 sq.feet - 3 bathrooms
2.5-storey terrace corner unit for sale | 雙層半角落排屋單位出售 - located at georgetown, penang 位於喬治市 land area: 4,380 sq ft. 土地面積:4,380平方尺 built-up 4,320 建築面積:4,320平方尺 5 bedrooms 閒臥室 3 bathrooms 閒浴室 fully renovated...
Maritime Suite,lebuh Sungai 5
 5
Maritime Suite,lebuh Sungai 5
RM 950,000
Georgetown, Penang - For Sale - Condominium - 904 sq.feet - 2 bedrooms - 2 bathrooms
Maritime luxury suites - service apartments at persiaran karpal singh 2, 11600 georgetown. Penang. Is the entertainment district and on waterfront. The project consists of two components: suite plaza 2 blocks 18...
Jalan Trusan, Georgetown, Pulau Pinang, Malaysia,jalan Trusan
 4
Jalan Trusan, Georgetown, Pulau Pinang, Malaysia,jalan Trusan
RM 2,000
Georgetown, Penang - For Rent - 2,600 sq.feet - 2 bathrooms
Igs code p75027 jalan trusan, georgetown, 10150 pulau pinang, malaysia • double storey terrace house land: 1800sf built up: 2600sf 5 bedroom 2 bathroom original coniditon rm2000 suitable for residential...
Isabella Villa,solok Belle, Taman Pulau Pinang
 5
Isabella Villa,solok Belle, Taman Pulau Pinang
RM 2,500
Georgetown, Penang - For Rent - Apartment - 2,000 sq.feet - 4 bedrooms - 3 bathrooms
Isabella villa condominium located at pulau tikus, prime location rare in market georgetown convenient place - 2000 sf 4 bedrooms 3 bathrooms 1 car park full furnished & renovated middle floor...
Sri Perdana 980sf Middle Floor Corner Unit Near Gurney
 5
Sri Perdana 980sf Middle Floor Corner Unit Near Gurney
RM 1,700
Georgetown, Penang - For Rent - Condominium - 980 sq.feet - 3 bedrooms - 2 bathrooms
980sqft middle floor corner unit 3 room 2 toilet car park: 1 fully renovated & furnished 4 air-cond rental rm 1700 nego interested contact/whatsapp anton lim...
Jalan Dr Lim Chwee Leong Shop House,jalan Dr Lim Chwee Leong
 3
Jalan Dr Lim Chwee Leong Shop House,jalan Dr Lim Chwee Leong
RM 3,000
Georgetown, Penang - For Rent - 3,000 sq.feet
2 units adjoining back to -3k per unit -la 1500 sqft -bu 3000 -suitable for trading, wholesale, fruit business, retail, restaurant, cafe, office. Kindly...
H Residence One Ritz Residence,jalan Kelawei
 5
H Residence One Ritz Residence,jalan Kelawei
RM 5,500
Georgetown, Penang - For Rent - Condominium - 4,300 sq.feet - 5 bedrooms - 6 bathrooms
H residence furnished & reno 3 car park sea view gurney pulau tikus - 5 room, 6 bathroom, car park. Tastefully furnished and renovated move in condition. Sea...