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 540–900
Active projects
6
What is the average PSF in Jelutong in 2026?
Most condos in Jelutong are priced at roughly RM540–900 per sq ft in 2026, based on asking and launch prices across the condo projects we track in the area. These are asking prices, not transacted prices.
- Condo PSF rangeRM 540–900
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
- Older condos and apartments give a lower entry than the northern coast; tracked condos run about RM540–900 psf
- 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 exact 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 stations open only around December 2031; walking distance to a station varies widely by project
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 runs through Jelutong, with Penang Waterfront, East Jelutong and Sungai Pinang stations on the alignment. The Mutiara Line (29.5 km, 22 stations) runs from Silicon Island past the airport and FIZ, through Bayan Baru, Gelugor and Jelutong to Komtar, then across the strait to Penang Sentral in Butterworth. Construction began on 11 January 2025, with opening targeted for December 2031. Check the walking distance from a specific project to the nearest station before paying for it.
- 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 — 6 selling, 4 trading sub-sale. Rendered from our project records, so a correction updates this table everywhere it appears.
6 of 10 tracked projects are currently selling, alongside 4 trading sub-sale.
Selling now
| Project | Price | PSF | Tenure | Land title | Built | Status |
|---|---|---|---|---|---|---|
| Twin Star | RM438K–RM550K | 487–611 | Freehold | confirm | 2027 | selling |
| Grace Harmony | RM480K | 565 | Leasehold | confirm | 2027 | selling |
| Maritime Signature | RM500K | 880 | Leasehold | Commercial | 2026 | selling |
| Central Residence | RM650K–RM998K | 542–620 | Freehold | confirm | 2027 | selling |
| Alton Skyvillas | RM899K–RM1.4M | 793 | Freehold | Residential | 2026 | selling |
| Setia SV2 | RM969K–RM1.67M | 891 | Freehold | confirm | 2030 | selling |
Sub-sale — 4 projects
| Project | Price | PSF | Tenure | Land title | Built | Status |
|---|---|---|---|---|---|---|
| Artis 3 | RM400K–RM990K | — | Freehold | confirm | — | sub-sale |
| Urban Suites | RM498K–RM690K | 664–1063 | Freehold | Commercial | — | sub-sale |
| 3 Residence | RM650K–RM950K | 650 | Leasehold | confirm | 2021 | sub-sale |
| Setia Sky Ville | RM710K–RM1.19M | 702–896 | Freehold | confirm | 2021 | sub-sale |
Price bands
Foreign buyers
3 of 10 have at least one unit clearing the island minimum (RM1M strata, RM3M landed). 7 do not: 3 Residence, Artis 3, Central Residence, Grace Harmony, Maritime Signature, Twin Star, Urban Suites. The threshold depends on property type, not 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
6 selling · 0 upcoming · 4 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 (3)
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.
- •Garden in the Sky launch pricing not yet available.
- •No expat or MM2H concentration data at postcode level.