Penang Property Prices

Price Analysis for Penang

The Penang property market in Malaysia is characterized by historic George Town, famous food scene, expat friendly, affordable healthcare, MM2H visa. Prices reflect the desirability of the location, which is known for historic foodie paradise for expats.

Price Factors

Several factors influence property prices in Penang:

• Location: Waterfront, historic center, and view properties command premiums
• Property condition: Renovated vs. requiring work significantly affects price
• Size and layout: Price per m² often lower for larger properties
• Amenities: Pools, parking, and outdoor space add value
• Rental potential: Properties with high rental yield may price higher

Price Trends

Penang has experienced steady demand from international buyers. The market benefits from Malaysia's appeal to lifestyle-focused investors. For quarterly market updates, see our Casza Index.

Buying Costs

In addition to the purchase price, budget for transaction costs of 8-15% including:

• Transfer tax/stamp duty (varies by region)
• Notary fees (1-2%)
• Legal fees (1-2%)
• Registration fees
• Agent commission (if applicable)

For complete details, see our Malaysia Buying Guide.