Penang Property Transacted Prices
The median transacted property price in Penang is RM 350,000 (RM 387 per sqft), based on 10,652 sales recorded by JPPH in the last 12 months, down 4.9% year on year.
Median price (last 12 months)
RM 350,000
Median RM/sqft
RM 387
Transactions (last 12 months)
10,652
Recorded since 2010
294,390
Half of all transactions closed between RM 200k and RM 630k (interquartile range, Dec 2024 - Dec 2025).
Prices by property type (last 12 months)
| Property type | Median price | Typical range (25th-75th) | Median RM/sqft | Transactions |
|---|---|---|---|---|
| Industrial | RM 1,588,052 | RM 700k - RM 4.32m | RM 427 | 207 |
| High-rise (condo & apartment) | RM 280,000 | RM 165k - RM 450k | RM 390 | 4,496 |
| Landed homes | RM 435,000 | RM 303k - RM 703k | RM 391 | 3,858 |
| Shops & commercial | RM 650,000 | RM 400k - RM 1.06m | RM 333 | 852 |
Median price by year
| Year | Median price | Median RM/sqft | Transactions | |
|---|---|---|---|---|
| 2025 | RM 350,000 | RM 387 | 10,353 | |
| 2024 | RM 368,000 | RM 379 | 15,676 | |
| 2023 | RM 362,700 | RM 371 | 16,418 | |
| 2022 | RM 360,000 | RM 335 | 17,734 | |
| 2021 | RM 363,000 | RM 355 | 15,998 | |
| 2020 | RM 318,000 | RM 331 | 12,437 | |
| 2019 | RM 330,000 | RM 319 | 14,331 | |
| 2018 | RM 320,000 | RM 317 | 14,701 | |
| 2017 | RM 330,000 | RM 303 | 22,920 | |
| 2016 | RM 300,000 | RM 293 | 16,458 | |
| 2015 | RM 301,000 | RM 290 | 24,313 | |
| 2014 | RM 290,000 | RM 263 | 29,288 | |
| 2013 | RM 300,000 | RM 247 | 23,785 | |
| 2012 | RM 269,350 | RM 223 | 20,755 | |
| 2011 | RM 230,000 | RM 192 | 21,593 | |
| 2010 | RM 203,550 | RM 181 | 17,630 |
Prices by area
Areas with at least 30 recorded transactions in the last 12 months, grouped by district.
Barat Daya
Balik Pulau
Median RM 302,750 · 112 tx
Batu Maung
Median RM 785,000 · 32 tx
Bayan Baru
Median RM 287,500 · 122 tx
Bayan Lepas
Median RM 447,500 · 344 tx
Permatang Damar Laut
Median RM 345,502 · 30 tx
Sungai Ara
Median RM 480,000 · 149 tx
Sungai Pinang
Median RM 303,850 · 32 tx
Teluk Bahang
Median RM 220,000 · 35 tx
Teluk Kumbar
Median RM 300,000 · 75 tx
Seberang Perai Selatan
Seberang Perai Tengah
Alma
Median RM 495,000 · 63 tx
Bandar Perda
Median RM 400,000 · 57 tx
Bukit Mertajam
Median RM 350,000 · 882 tx
Bukit Minyak
Median RM 596,105 · 59 tx
Juru
Median RM 517,500 · 60 tx
Kubang Semang
Median RM 290,000 · 61 tx
Machang Bubok
Median RM 500,000 · 32 tx
Mengkuang
Median RM 452,500 · 48 tx
Perai
Median RM 230,000 · 296 tx
Permatang Pauh
Median RM 499,000 · 45 tx
Permatang Tinggi
Median RM 589,000 · 32 tx
Seberang Jaya
Median RM 252,500 · 92 tx
Seberang Perai Utara
Timur Laut
Air Itam
Median RM 230,000 · 300 tx
Batu Ferringhi
Median RM 650,000 · 65 tx
Batu Uban
Median RM 1,530,000 · 36 tx
Bukit Jambul
Median RM 345,000 · 38 tx
Gelugor
Median RM 418,500 · 170 tx
George Town
Median RM 500,000 · 292 tx
Jelutong
Median RM 348,000 · 257 tx
Paya Terubong
Median RM 657,500 · 82 tx
Pulau Tikus
Median RM 1,500,000 · 53 tx
Relau
Median RM 318,000 · 139 tx
Sungai Nibong
Median RM 350,000 · 36 tx
Tanjung Bungah
Median RM 1,090,000 · 80 tx
Tanjung Tokong
Median RM 472,500 · 166 tx
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Frequently asked questions
What is the median property price in Penang?▼
The median transacted property price in Penang is RM 350,000 (RM 387 per sqft), based on 10,652 sales recorded by JPPH in the last 12 months, down 4.9% year on year.
How much do industrial properties cost in Penang?▼
The median transacted price for industrial in Penang is RM 1,588,052 over the last 12 months, with half of sales between RM 700,000 and RM 4,315,000 (207 transactions).
How much do high-rise properties cost in Penang?▼
The median transacted price for high-rise (condo & apartment) in Penang is RM 280,000 over the last 12 months, with half of sales between RM 165,000 and RM 450,000 (4,496 transactions).
Where does the Penang price data come from?▼
All figures are computed from public JPPH / NAPIC property transaction records for Penang, covering 294,390 recorded sales since 2010, with the most recent transaction recorded in Dec 2025.
Are these asking prices or actual sale prices?▼
Actual sale prices. Every figure on this page is computed from recorded transactions filed with JPPH, not from listing asking prices, so it reflects what buyers really paid.
Source: JPPH / NAPIC public property transaction records, most recent recorded transaction Dec 2025. Figures are computed from recorded sale considerations and exclude buyer and seller details. Medians describe the mix of properties actually sold in the period - they are a market guide, not a valuation of any specific property. Registered agents can search the full records in the Rummah transactions tool.