Living in Penang can be very expensive. Here are some locales where you might feel good about buying and maximising your properties’ potential.
Sandy beaches, mouth-watering local delicacies, historical and luxurious; Penang sounds like a great place to live in. We have compiled a list of the most searched places in Penang using data from Malaysia’s No.1 Property Site iProperty.com.my’s big data solution, iPropertyIQ.com.
This is based on consumer search behaviour data compiled from January 2020 to December 2020. The areas are ranked in ascending order and are presented in the form of the search percentage (%).
So, which areas stole the show? Discover five of Penang’s most notable place to live in 2020 and find the one that fits you.
Search percentage: 10.66%
If money isn’t an issue, then Georgetown will appeal to those who want to have great living options in the city centre. Many high-rise properties near the sea’s perfect long-term investments (buy-to-let) and second home.
According to Brickz, the median price for a condominium in Penang is RM740,000. In terms of connectivity, Tun Dr Lim Chong Eu Expressway provides direct access to the first Penang Bridge. It also links Georgetown to other parts of the Island like Jelutong, Gelugor, and Farlim.
Not just that, this UNESCO World Heritage Zone is a mixture of old houses, colonial architectures, and a modern city with highrise buildings and shopping malls. If you want to play tourist in your backyard, there’s plenty of activities to explore here. You can visit temples, take instaworthy pictures at Penang Street and overindulge the mouthwatering local delicacies.
4. Tanjong Tokong
Search percentage: 10.88%
Tanjong Tokong is a suburb in Georgetown. Once a fishing village, this neighbourhood has now transformed into an upmarket residential area. It is also a short drive away from the Penang Secret Avatar Garden and is connected to other parts of Georgetown via Jalan Tanjong Tokong. According to Brickz, the median price for a condominium in Tanjong Tokong is RM745,000.
Search percentage: 11.11%
Gelugor lies between Jelutong and Sungai Dua. Connectivity is convenient within this area as Jalan Sultan Azlan Shah and Tun Dr Lim Chong Eu Highway provide direct access to the first Penang Bridge. Not just that, it is also home to Universiti Sains Malaysia (USM) Penang campus. Besides, there is also a plan to build PPR in Gelugor, Teluk Kumbar, Balik Pulau, and Jelutong to meet the consumers’ for more affordable housing units in Penang. According to Brickz, the median price for a condominium in Gelugor is RM400,000.
2. Tanjung Bungah
Search percentage: 15.90%
Tanjung Bungah is sandwiched between Gurney and Batu Ferringhi. If you’re a watersport enthusiast, this place is a must-visit as it is known for its water sport activities. The Penang Water Sports Centre offers activities like beach soccer, banana boat, and kayaking at reasonable prices. Next, take time to immerse yourself in nature at the Botanical Garden. While running, walking, or cycling, you may spot a lot of exotic plant species.
Also, there’s a sizeable foreign community in Tanjung Bungah. According to the 2010 census by the Department of Statistics Malaysia, foreigners made up 5.7% of Tanjung Bungah’s population. Here, parents can choose public schools or international schools offering British and American curriculum namely, Prince of Wales Island International Primary School, Dalat International School, Tenby International School and Pelita International School. The median price for a condominium in Tanjung Bungah is RM1.1mil.
1. Bukit Mertajam
Search percentage: 16.74%
Bukit Mertajam is a mature area and a major town in Seberang Perai. The Bukit Mertajam town is about 11 km from the Penang Bridge and has direct access to the North-South Expressway Juru Interchange. Not just that, the Bukit Mertajam KTM station provides intercity rail connectivity to other parts of Peninsular Malaysia. The high-speed ETS train also cuts down the travelling time, especially during festive seasons.
Besides, Bukit Mertajam has various tourist attractions such as St. Anne’s Church and Hock Teik Cheng Shin Temple. According to Brickz, the median price for a condominium in Bukit Mertajam is RM190,000. That’s why it’s so popular among homebuyers and potential buyers because the price point is a lot cheaper than houses on the island.
Note: Analytics is based on the data available at the date of publication and may be subject to revision as and when more current data becomes available.