Data · Updated October 2026

Penang Property Price Index 2026

Condo price-per-square-foot (PSF) ranges for every major Penang area, worked out from the asking and launch prices of the projects we track, with the official NAPIC house price index for context. Free to cite and embed — just keep the attribution.

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Disclaimer: The PSF ranges below are area-level estimates from the asking and launch prices of the projects we track — they are not transaction prices, which usually run below asking. Actual PSF varies significantly by specific project, tenure, unit condition and floor/view. Before relying on any figure here for a purchase decision, confirm the current price for the specific project you're considering with Zac directly.

Area	Island / Mainland	Condo PSF (RM), middle 80%	Projects tracked
Gurney Drive	Island	660–1870	9
Georgetown	Island	740–1810	10
Gelugor	Island	630–1750	15
Tanjung Tokong	Island	550–1500	17
Pulau Tikus	Island	850–1440	7
Bayan Lepas	Island	440–1100	14
Tanjung Bungah	Island	460–1050	15
Batu Ferringhi	Island	480–1030	8
Sungai Nibong	Island	560–1000	5
Jelutong	Island	540–900	10
Mount Erskine	Island	450–700	5
Batu Kawan	Mainland	450–620	15
Sungai Ara	Island	440–590	6
Butterworth	Mainland	260–510	5
Bukit Mertajam	Mainland	260–450	6
Teluk Kumbar	Island	330–450	6

Methodology & sources: For each area we take the PSF of every condo, serviced-apartment and SOHO project we track — resale asking prices for completed buildings and developer prices for new launches, checked in October 2026 — and show the middle 80% of those figures, rounded to RM10. Areas with fewer than five tracked projects are left out rather than guessed. These are asking prices, not transactions, and they are area-level, not unit-level — confirm any specific building with Zac.

The official picture: NAPIC house price index for Penang

The only official, transaction-based price series for Penang is the NAPIC Malaysian House Price Index. It covers all residential property statewide, so it moves more slowly than any single area, but it is the right yardstick for “how fast are Penang prices rising?”: about 2% a year on average since 2019.

Year	Penang house price index, annual change
2019	+2.1%
2020	+0.3%
2021	-1.5%
2022	+3.5%
2023	+4.0%
2024	+3.8%
2025 (prelim.)	+2.7%

Cite this index

Writing about Penang property? You're welcome to quote these figures — please credit:

Penang Property Price Index 2026, Penang Property (Zac Ong, REN 64593) — https://penangproperty.com.my/penang-price-index/

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