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
Homes run from about 338 sq ft studios to 902 sq ft two-bedrooms, priced from about RM435,900 to RM962,100.
- 2
Batu Maung · from RM480K · freehold
Ventus & Tradesmen is a freehold 38-storey tower in Batu Maung by Jayamas Property, six minutes from Penang Silicon Island and close to the Second Bridge and the airport, due in the first quarter of 2028.
- 3
M Zenni
4.1Batu Maung · from RM531K · freehold
Layouts run from a 688 sq ft one-bedroom-plus-study to a 1,184 sq ft four-room unit, and current prices start at roughly RM504,000–531,000.
- 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
Jelutong · from RM650K · ~RM542 psf · freehold
Central Residence is a freehold condominium in Jelutong by VST Group: one 33-storey tower of 298 homes, 14 per floor, scheduled for completion in September 2027.
- 6
Teluk Kumbar · from RM508K · freehold
D' Starlingtton is a freehold condominium in Teluk Kumbar by GSD Land: two 29-storey towers with 820 homes on a 4.5-acre site, completing around 2026.
- 7
G'Vinton
3.8Georgetown · from RM596K · ~RM1500 psf · freehold
G'Vinton is a freehold serviced-suites tower on Jalan Sultan Ahmad Shah (Northam Road) in George Town by Sunrich Capital, part of GSD Land: a single 39-storey tower of 508 suites on 1.14 acres, on commercial title, semi-fitted by Chi Des…
- 8
Twin Star
3.7Jelutong · from RM438K · ~RM487 psf · freehold
Twin Star is a 586-unit freehold condominium on Lorong Slim in Jelutong, 33 storeys high and due for completion in 2027.
- 9
Jelutong · from RM500K · ~RM880 psf · leasehold
Maritime Signature is a 235-unit SOHO development in Jelutong from RM500,000.
- 10
Bayan Lepas · from RM342K · ~RM925 psf · freehold
Avion Residence is a 608-unit serviced apartment in Bayan Lepas from RM342,000.
- 11
Bayan Lepas · from RM418K · ~RM426 psf · freehold
London Pavilion is M Summit Group's freehold condominium on Jalan Permatang Damar Laut in Bayan Lepas: a single 45-storey tower of 527 homes, three and four bedrooms of about 982 to 1,510 sq ft, expected around 2027 to 2028.
- 12
Jelutong · from RM480K · ~RM565 psf · leasehold
Grace Harmony is a state-supported affordable-housing project by Nova Land on Jalan Ahmad Nor in Jelutong: a single 42-storey leasehold block of 754 homes, mostly three-bedrooms of about 700 to 850 sq ft, with completion targeted for Jun…
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 for a condo (RM3,000,000 for landed), so everything on this list is a Malaysian, PR and MM2H market (MM2H participants can buy from RM500,000). On the mainland the floor is RM500,000 for a condo, 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.