Median price (last 12 months)
RM 370,000
Median price, 12-month change
−1.3%
Median RM/sqft
RM 395
Transactions (last 12 months)
7,825
Recorded since 2010
267,724
Half of all transactions closed between RM 240k and RM 638k (interquartile range, May 2025 - May 2026).
Median price by quarter
Prices by district
Median transacted prices over the last 12 months, with the change against the 12 months before. Click a column to sort.
| District | ||||
|---|---|---|---|---|
| Timur Laut | 2,666 | RM 365,000 | RM 472 | −6.4% |
| Seberang Perai Tengah | 1,740 | RM 352,500 | RM 334 | −9.1% |
| Seberang Perai Utara | 1,155 | RM 375,000 | RM 338 | +8.7% |
| Seberang Perai Selatan | 1,154 | RM 360,000 | RM 358 | −2.7% |
| Barat Daya | 1,110 | RM 410,000 | RM 450 | −9.9% |
Prices by property type (last 12 months)
| Property type | Median price | Typical range (25th-75th) | Median RM/sqft | Transactions |
|---|---|---|---|---|
| Industrial | RM 1,650,000 | RM 800k - RM 3.54m | RM 494 | 132 |
| High-rise (condo & apartment) | RM 280,000 | RM 175k - RM 430k | RM 397 | 3,938 |
| Landed homes | RM 450,000 | RM 313k - RM 705k | RM 402 | 2,923 |
| Shops & commercial | RM 660,750 | RM 380k - RM 1m | RM 336 | 766 |
Median price by year
| Year | Median price | Median RM/sqft | Transactions | |
|---|---|---|---|---|
| 2026 | RM 360,000 | RM 399 | 2,317 | |
| 2025 | RM 375,000 | RM 390 | 9,846 | |
| 2024 | RM 375,000 | RM 373 | 14,175 | |
| 2023 | RM 375,000 | RM 369 | 14,772 | |
| 2022 | RM 375,000 | RM 336 | 16,423 | |
| 2021 | RM 380,000 | RM 347 | 15,411 | |
| 2020 | RM 336,400 | RM 332 | 10,988 | |
| 2019 | RM 345,000 | RM 319 | 13,078 | |
| 2018 | RM 344,500 | RM 321 | 13,412 | |
| 2017 | RM 350,000 | RM 303 | 20,097 | |
| 2016 | RM 318,000 | RM 289 | 14,380 | |
| 2015 | RM 320,000 | RM 291 | 20,994 | |
| 2014 | RM 300,000 | RM 263 | 26,183 | |
| 2013 | RM 308,000 | RM 253 | 22,822 | |
| 2012 | RM 270,000 | RM 222 | 18,314 | |
| 2011 | RM 230,000 | RM 191 | 18,907 | |
| 2010 | RM 210,000 | RM 183 | 15,605 |
Most transacted schemes in Penang
The taman, condominium and industrial schemes with the most recorded sales over the last 12 months.
| Scheme | Type | Transactions | Median price | Median RM/sqft |
|---|---|---|---|---|
| Scientex Sungai Dua | Terrace | 132 | RM 302,800 | RM 285 |
| Pangsapuri Desa Palma | Apartment | 83 | RM 80,000 | RM 122 |
| Rumah Pangsa Mutiara Indah | Apartment | 80 | RM 42,000 | RM 63 |
| Bandar Tasek Mutiara | Terrace | 80 | RM 422,500 | RM 372 |
| Taman Terubong Indah | Apartment | 67 | RM 227,000 | RM 329 |
| Green Garden | Apartment | 64 | RM 250,000 | RM 465 |
| Bandar Seberang Jaya | Terrace | 62 | RM 237,500 | RM 296 |
| Bayan Baru | Apartment | 58 | RM 206,667 | RM 378 |
| Bandar Baru Air Itam | Apartment | 52 | RM 152,000 | RM 285 |
| Taman Widuri | Terrace | 51 | RM 270,000 | RM 382 |
Prices by area
Areas with at least 30 recorded transactions in the last 12 months, grouped by district.
Seberang Perai Tengah
Alma
Median RM 500,000 · 67 tx
Bandar Perda
Median RM 465,000 · 49 tx
Bukit Mertajam
Median RM 335,000 · 736 tx
Bukit Minyak
Median RM 439,500 · 42 tx
Juru
Median RM 494,000 · 48 tx
Kubang Semang
Median RM 300,000 · 48 tx
Machang Bubok
Median RM 500,000 · 30 tx
Perai
Median RM 246,000 · 226 tx
Permatang Pauh
Median RM 375,000 · 32 tx
Permatang Tinggi
Median RM 733,000 · 51 tx
Seberang Jaya
Median RM 275,000 · 97 tx
Timur Laut
Air Itam
Median RM 240,000 · 297 tx
Batu Ferringhi
Median RM 615,000 · 62 tx
Batu Uban
Median RM 1,225,000 · 38 tx
Bukit Jambul
Median RM 323,333 · 33 tx
Gelugor
Median RM 370,000 · 145 tx
George Town
Median RM 470,000 · 257 tx
Jelutong
Median RM 360,000 · 200 tx
Paya Terubong
Median RM 600,000 · 73 tx
Pulau Tikus
Median RM 1,200,000 · 60 tx
Relau
Median RM 320,000 · 143 tx
Sungai Nibong
Median RM 340,000 · 31 tx
Sungai Pinang
Median RM 355,000 · 36 tx
Tanjung Bungah
Median RM 1,000,000 · 83 tx
Tanjung Tokong
Median RM 470,000 · 153 tx
Inside the Penang property market
Penang recorded 267,724 building transactions in JPPH's books since 2010 across 5 districts. The median transacted price over the last 12 months is RM 370,000, or about RM 395 per square foot — a useful benchmark when weighing value between areas.
Timur Laut, Seberang Perai Tengah, Seberang Perai Utara lead on transaction volume. At the ends of the price range, Barat Daya is the most expensive district at a median of RM 410k, while Seberang Perai Tengah is the most affordable at RM 353k.
The biggest 12-month move is in Barat Daya, where the median price is down 9.9% against the previous 12 months (1,110 recent sales).
Residential deals form the bulk of the market: a median home changed hands at RM 345,000, while commercial and industrial property transacted at a median of RM 700,000 over the same period.
Figures are computed from recorded JPPH sale considerations for buildings only — vacant land, development land and agricultural deals are excluded. The most recent recorded transaction is from May 2026.
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Frequently asked questions
What is the median property price in Penang?▼
The median transacted property price in Penang is RM 370,000 (RM 395 per sqft), based on 7,825 sales recorded by JPPH in the last 12 months, down 1.3% on the 12 months before.
How much do industrial properties cost in Penang?▼
The median transacted price for industrial in Penang is RM 1,650,000 over the last 12 months, with half of sales between RM 800,000 and RM 3,542,500 (132 transactions).
How much do high-rise properties cost in Penang?▼
The median transacted price for high-rise (condo & apartment) in Penang is RM 280,000 over the last 12 months, with half of sales between RM 175,000 and RM 430,000 (3,938 transactions).
How do residential and commercial prices compare in Penang?▼
Over the last 12 months, the median residential transaction in Penang was RM 345,000 (6,702 sales) while commercial and industrial property transacted at a median of RM 700,000 (1,123 sales).
Where does the Penang price data come from?▼
All figures are computed from public JPPH / NAPIC property transaction records for Penang, covering 267,724 recorded building sales since 2010, with the most recent transaction recorded in May 2026.
Are these asking prices or actual sale prices?▼
Actual sale prices. Every figure on this page is computed from recorded transactions filed with JPPH, not from listing asking prices, so it reflects what buyers really paid.
Source: JPPH / NAPIC public property transaction records, most recent recorded transaction May 2026. Figures are computed from recorded sale considerations of building transactions (residential, commercial and industrial); vacant land, development-land and agricultural deals are excluded, and buyer and seller details are never shown. Medians describe the mix of properties actually sold in the period - they are a market guide, not a valuation of any specific property. Registered agents can search the full records in the Rummah transactions tool.