Picked, not pitched · 2026
Best Penang new launches under RM700K
12 island new launches entering under RM700,000, ranked by the rating on each project page. At this budget the island still offers real choice — but almost every unit here sits below the RM1 million foreign-buyer floor, so this is a Malaysian and PR list, and the trade-offs are specific.
- 1
Georgetown · from RM436K · ~RM1290 psf · freehold
Scott Logan is a 311-unit serviced apartment development in Georgetown.
- 2
Batu Maung · from RM480K · freehold
Ventus & Tradesmen is a mixed development in Batu Maung by Jayamas Property — 397 units, freehold, priced from RM480,000, with unit sizes 409–1,238 sqft.
- 3
M Zenni
4.1Batu Maung · from RM657K · freehold
M Zenni is Mah Sing's serviced apartment launch within Southbay City, Batu Maung — 494 units, freehold, from RM400,000, in 1–4 bedroom configurations from 688–1,184 sqft.
- 4
Bukit Gambier · from RM589K · ~RM546 psf · freehold
Pinnacle @ Bukit Gambier is a substantial 982-unit serviced apartment in Bukit Gambier from RM588,000.
- 5
G'Vinton
3.8Georgetown · from RM596K · ~RM1500 psf · freehold
G’Vinton sits on Jalan Sultan Ahmad Shah (Northam Road) in George Town — freehold, on a commercial (HDA) title built for legal short-stay, a single 39-storey tower of 508 serviced suites by Sunrich Capital (a GSD Land subsidiary), semi-f…
- 6
Jelutong · from RM500K · ~RM880 psf · leasehold
Maritime Signature is a 235-unit SOHO development in Jelutong from RM500,000.
- 7
Twin Star
3.7Jelutong · from RM550K · ~RM611 psf · freehold
Twin Star is a 586-unit condominium in Jelutong from RM300,000.
- 8
Bayan Lepas · from RM342K · freehold
Avion Residence is a 608-unit serviced apartment in Bayan Lepas from RM342,000.
- 9
Bayan Lepas · from RM418K · ~RM426 psf · freehold
London Pavilion is a 527-unit condominium in Bayan Lepas from RM418,000.
- 10
Bayan Lepas · from RM498K · ~RM460 psf · freehold
Maldives Residences is Ideal Property Group's freehold mass-market condo on Jalan Sungai Tiram in Bayan Lepas — pitched at the FIZ (Free Industrial Zone) tenant pool and first-time own-stay buyers.
- 11
The Pier
3.6Bayan Mutiara · from RM600K · freehold
The Pier is Asia Green Group's mixed development on Tun Dr Lim Chong Eu Expressway in Bayan Mutiara — 934 units split across residential towers with retail podium, positioned to catch the Bayan Lepas FIZ executive tenant pool plus own-st…
- 12
Langkawi Cenang · from RM669K · ~RM1200 psf · freehold
Clarissa is where the real developer-direct opportunity sits at Tropicana Cenang right now — Assana and Merissa are both sold out.
How this list is built
A project appears here only if it carries a rating and a written editorial take, its price has a current basis, and it is an island project still selling or under construction with an entry under RM700,000. The order is the published rating — the same number on the project page.
One pattern runs through this budget: you are usually trading either space, location or title class to hit the number. Knowing which of the three a given project traded away is the whole job of the reviews linked beside each entry.
Common questions
What is the best Penang new launch under RM700,000?
On our ratings the strongest sub-RM700K island launches are Scott @ Logan, Ventus & Tradesmen, M Zenni. Each is a different bet — city location, township convenience or family space — so the right answer depends on whether you are buying to live in it or to let it.
Can foreigners buy a Penang property under RM700,000?
Not on Penang Island. The island foreign-buyer minimum is RM1,000,000 per unit, so everything on this list is a Malaysian and PR market. On the mainland the floor is RM600,000, which does open a narrow band to foreign buyers there.
What should I watch for at this price point?
Three things: the land title class (a commercial-title serviced apartment carries commercial utility rates and a tighter loan margin), the maintenance rate per square foot (on a small unit it eats the yield fast), and the unit count — a thousand-unit block means you compete with many identical neighbours on exit.
How is this list ranked?
By the same rating published on each project page, and a project only qualifies if it has a written review behind that rating and a price with a defensible basis — developer or current asking. Launch-era prices and unrated stock are excluded.
Also worth comparing: Zac's picks across every price band and the luxury tier. Work out your ceiling first with the affordability calculator, or take the project quiz.