Foreign Buyer
The Foreign Buyer's Full Cost Sheet — Penang, 4 Price Bands
Every ringgit above the purchase price. Printable, saveable, and honest about what nobody else shows you. Pick your price band.
Foreign buyers in Penang consistently underestimate closing costs by RM100K–RM300K. The sales gallery quotes the sticker; the actual bill adds an 8% stamp duty, a 2–3% state levy, a RM15,000 state consent (COSA) fee, and legal + disbursements on top. Pick your price band below for the exact breakdown.
Penang Mainland · 70% LTV
RM800K sheet
RM800K in Penang: mainland is where foreign buyers can transact directly (2% levy). On the island, RM800K sits below the RM1M foreign-buyer floor — but plenty of subsale island projects have entry units near this price if you are a Malaysian citizen, or a foreign buyer prepared to stretch to a larger unit within the same building.
- Above-price total: RM 114,800
- Cash to close (100%): RM 914,800
- Cash at signing (70% LTV): RM 354,800
See the RM800K sheet →
Penang Island · 70% LTV
RM1.2M sheet
Penang Island entry tier for foreigners. Just above the RM1M state floor. 3% island levy applies.
- Above-price total: RM 172,200
- Cash to close (100%): RM 1,372,200
- Cash at signing (70% LTV): RM 532,200
See the RM1.2M sheet →
Penang Island · 70% LTV
RM1.8M sheet
The foreign-buyer sweet spot on Penang Island. Enough to reach real sea-view stock without stepping into RM2M+ premiums.
- Above-price total: RM 246,300
- Cash to close (100%): RM 2,046,300
- Cash at signing (70% LTV): RM 786,300
See the RM1.8M sheet →
Penang Island · 70% LTV
RM2.5M sheet
Penang Island premium tier. 3% levy. Meets the MM2H Platinum property threshold if that is your visa route.
- Above-price total: RM 332,750
- Cash to close (100%): RM 2,832,750
- Cash at signing (70% LTV): RM 1,082,750
See the RM2.5M sheet →
Why these four bands?
RM800K is the lowest realistic entry for a foreign buyer in Penang — mainland only, above the RM600K state floor.
RM1.2M is the first price at which Penang Island is legally open (RM1M state floor + realistic stock).
RM1.8M is the foreign-buyer sweet spot on the island — real sea-view stock without stepping into premium psf.
RM2.5M is the premium tier — also the minimum for MM2H Platinum property qualification.