Data-quality note: 4 fields on this guide are unverified or pending Zac's direct input — see "Sources & gaps" at the bottom of this page for the full list.
Penang Island
Jelutong
Affordable inner-city living with fast access to Georgetown and the bridge
Condo PSF
RM 300–900
Avg Yield
5.5%
Avg Rent (condo)
RM 1,200
Active projects
5
What is the average PSF in Jelutong in 2026?
The average condo PSF in Jelutong is roughly RM300–900 as of 2026, based on NAPIC/Brickz-checked benchmarks for the area.
- Condo PSF rangeRM 300–900
- Gross rental yield5.5%
- Avg. condo rentRM 1,200/mo
Character
One of Penang Island's most densely populated inner-city suburbs. A working-class and lower-middle-income heartland characterised by flat-topped shop lots, older government housing estates, and a newer wave of medium-rise condos. Jelutong Expressway gives residents one of the fastest commute times to both Georgetown and the Penang Bridge. Affordable entry prices and consistently strong local rental demand make it a reliable, if unglamorous, investment belt.
Lifestyle scorecard
Zac's honest 1–10 rating across the dimensions buyers care about most.
✅ Pros
- Lowest PSF entry point on Penang Island — condos from ~RM300/sf asking
- Jelutong Expressway: fast direct link to Georgetown CBD and Penang Bridge
- Penang General Hospital within short drive — strong tenant pool of hospital staff
- High local rental demand keeps vacancy low
- Close to Georgetown heritage zone without heritage-area premium pricing
⚠️ Cons
- Mixed tenure — both freehold and leasehold stock; confirm the title on the specific unit
- Dense, urban character — limited green space or lifestyle amenity
- Older housing estates dominate the streetscape
- Not an expat or high-end buyer suburb — rental ceiling is low
- LRT alignment through Jelutong unconfirmed; do not price in transit uplift yet
Transaction benchmark
Reference: PropertyGuru/iProperty asking prices (note: asking prices typically run 5–15% above transacted prices; use brickz.my for verified JPPH transaction data)Condo PSF (low)
RM 300
Condo PSF (high)
RM 500
Sample
Project-level anchors: Setia Sky Ville (newer, higher end, ~RM420–500/sf asking); 3 Residence, Artis 3, Grace Harmony (mid-range, ~RM300–420/sf asking). Verify transacted data at brickz.my.
NAPIC publishes only district-level (Timur Laut) data; no Jelutong-specific locality aggregate is readily available. Brickz.my aggregates JPPH transaction data at project level and is the closest verifiable public source for transacted PSF. Asking prices used here run 5–15% above transacted.
Sources
For unit-by-unit recent transactions on any specific Jelutong project, ask Zac for the latest →
📈 What to watch over the next 3 years
Verifiable upcoming events from named, dated announcements — not price speculation.
- The Mutiara LRT Line's currently funded alignment runs island-south (Silicon Island – Airport – FIZ – Komtar – Penang Sentral). Whether any station serves the Jelutong corridor is not confirmed in the published alignment as of mid-2026 — do not price in LRT uplift until the alignment is finalised and gazetted.
- Penang General Hospital's ongoing role as the island's primary public hospital and the concentration of medical institutions in the Georgetown–Jelutong axis continues to generate a steady pool of hospital-staff tenants for smaller units in the RM1,200–1,800/month range.
- New supply from Garden in the Sky (upcoming) will add higher-specification units to the Jelutong pipeline; monitor launch PSF as a benchmark for how the market is repricing the suburb.
- Jelutong's proximity to Georgetown heritage zone (UNESCO buffer area) means any improvement in Georgetown's cultural tourism profile can spill over into short-stay rental demand for the nearest affordable suburb.
Every project in Jelutong, priced
All 10 tracked projects — 5 selling, 5 trading sub-sale. Rendered from our project records, so a correction updates this table everywhere it appears.
5 of 10 tracked projects are currently selling, alongside 5 trading sub-sale.
Selling now
| Project | Price | PSF | Tenure | Land title | Built | Status |
|---|---|---|---|---|---|---|
| Maritime Signature | RM500K | 880 | Leasehold | Commercial | 2026 | selling |
| Twin Star | RM550K | 611–610 | Freehold | confirm | 2027 | selling |
| Central Residence | RM650K–RM881K | 542–620 | Freehold | confirm | 2027 | selling |
| Alton Skyvillas | RM899K | 793 | Freehold | Residential | 2026 | selling |
| Setia SV2 | RM969K | 891 | Freehold | confirm | 2030 | selling |
Sub-sale — 5 projects
| Project | Price | PSF | Tenure | Land title | Built | Status |
|---|---|---|---|---|---|---|
| Artis 3 | RM475K–RM900K | 647–785 | Freehold | confirm | 2020 | sub-sale |
| Grace Harmony | RM480K | 565 | Leasehold | confirm | 2022 | sub-sale |
| Urban Suites | RM500K–RM700K | 664–1063 | Freehold | Commercial | 2017 | sub-sale |
| 3 Residence | RM698K | 650 | Leasehold | confirm | 2021 | sub-sale |
| Setia Sky Ville | RM730K–RM1.2M | 702–896 | Freehold | confirm | 2021 | sub-sale |
Price bands
Foreign buyers
3 of 10 have at least one unit clearing the RM1M island minimum. 7 do not: 3 Residence, Artis 3, Central Residence, Grace Harmony, Maritime Signature, Twin Star, Urban Suites. The threshold never varies by title class.
Title & tenure
- 2 on commercial title — lower LTV ceiling, commercial utility and quit-rent tariffs: Maritime Signature, Urban Suites.
- 3 leasehold: 3 Residence, Grace Harmony, Maritime Signature. The rest are freehold.
- 7 have no land title on record. Confirm it in writing before committing — it changes your financing.
Narrow it down
Filtered views of Jelutong stock — each one a live list, not a static page.
Projects in Jelutong
5 selling · 0 upcoming · 5 completed
Selling now & under construction
More on Jelutong
Guides and comparisons specific to this area.
Hero photo: Wikimedia Commons contributor (verify exact uploader on file page) · CC-BY-SA-4.0 (verify on file page before use)
Sources & data gaps (4)
Honest list of what couldn't be verified from public sources for this area (research completed 2026-06-25). These need Zac's direct input.
- •No Jelutong-specific Brickz locality median readily surfaced; project-level asking prices used as proxy — verify at brickz.my.
- •Mutiara LRT alignment through Jelutong corridor not confirmed in published documents as of mid-2026.
- •Garden in the Sky launch pricing not yet available.
- •No expat or MM2H concentration data at postcode level.