Penang’s top 5 best-selling residential projects

Whether you are taking a trip to Penang for a holiday or scoping out a potential place to call home, we put you on the right path with the best-selling residential projects in the city.

The skyline of Georgetown. © Angkorlight/ 123RF

Penang is home to some of the most iconic and historic architecture in Malaysia. With a mixture of old and new developments, this city is home to some of the most expensive properties in the country. There’s a lot to consider when choosing the type of property you would like to live in – location, price point and facilities. Thus, we have listed down the top 5 best-selling properties in Penang for your reference.

iProperty.com.my’s best-selling residential projects in Penang are obtained from the Valuation and Property Services (JPPH) data compiled by brickz. This is based on the review period of January 2018 to December 2018. The properties are ranked in ascending order and presented based on the number of transactions.

If you are deciding to relocate to Penang, then you are in the right place – you will find them all here. Below is a list of 5 chart-topping residential properties in this buzzing city.

5. Bayan BaruGeorgetown

Number of transactions: 73

Aerial view of Georgetown from The Top Komtar in Penang, Malaysia. © lcchew/ 123RF

Bayan Baru will appeal to those who want to have great options in the city centre as it linked to Georgetown by the Tun Dr Lim Chong Eu Expressway. The area is also close to the first and second Penang bridges and is within the vicinity of the Bayan Lepas Free Industrial Zone (3 km). On top of that, Penang International Airport is within 7 km and Queensbay Mall is a 5-km drive away from the area. Bayan Baru area is the first to be transformed under the Penang urban regeneration project that will begin next year.

Type:

  • Terrace house
  • Cluster house
  • Semi – D
  • Condominium/ Serviced Residence
  • Apartment/ Flat

Median price (RM) for a condominium: RM 570, 000

Location: Bayan Baru, 11950 Georgetown, Penang

Tenure: Leasehold and freehold

Median built-up for a condominium: 1, 119 sq ft

4. Green GardenAyer Itam

Number of transactions: 74

© tang90246 / 123RF

This high-density apartment consists of two blocks. The units are made up of two bedrooms and a bathroom. This property is equipped with basic facilities like a swimming pool, mini market, playground, and covered parking.  The area is also connected via main roads like Jalan Paya Terubong and Thean Tek Highway. There’s a variety of restaurants within the proximity of Green Garden while Farlim is only 3.5 km drive away from the area.

Type: Apartment

Median price: RM 90, 000

Location: Jalan Paya Terubong, Paya Terubong, 11500 Ayer Itam, Penang

Tenure: Freehold

Median built-up: 538 sq ft

3. Bertam PerdanaKepala Batas, Seberang Perai

Number of transactions: 96

Ferry service to transport vehicles and passengers from Penang Mainland to Penang Island. © Igor Groshev/ 123RF

Bertam Perdana is the commercial area of Kepala Batas. It is comprised of business areas and residential units. It is 4.5 km away from UiTM Pulau Pinang Bertam Campus while Tesco Bertam is only a 3-minute drive away from the area.

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Type:

  • Terrace/ Link house
  • Bungalow
  • Semi – D

Median price (RM) for a terrace house: RM 282, 500

Location: Bertam Perdana, 13200 Kepala Batas, Penang

Tenure: Freehold

Median built-up for a terrace house: 898 sq ft

2. Bandar Tasek Mutiara – Simpang Ampat, Seberang Perai

Number of transactions: 106

Bandar Tasek Mutiara (Pearl City) in Simpang Ampat is an integrated township comprised of health facilities, offices, commercial areas, and residential units. Just a short distance from the city is KTM Simpang Ampang station which is just a 2-km drive away while the Pearl City mall is within a 4-minute drive. Bandar Tasek Mutiara has convenient connectivity as it is linked to the main road, Jalan Simpang Ampat. This area is a well-rounded place to live in with facilities like cafes, restaurants, and schools.

Type:

  • Terrace/ Link house
  • Townhouse
  • Semi – D
  • Serviced residence

Median price (RM) for a terrace house: RM 339, 000

Location: Bandar Tasek Mutiara, 14120 Simpang Ampang, Penang

Tenure: Freehold

Median built-up for a terrace house: 1,247 sq ft

1. Bandar Seberang Jaya – Seberang Jaya

Number of transactions: 107

Penang Bridge. © Igor Grosher/ 123RF

Seberang Jaya is a major town in Seberang Perai. It is 8 km away from the first Penang bridge. It also has direct access to the Butterworth-Kulim Expressway and North-South Expressway. There are also a few hotels, restaurants, banks and shopping centres in the area. The Sunway Carnival Mall is only 900m away while Megamall Penang is 6.7 km away.

Type:

  • Terrace/Link House
  • Semi – D
  • Bungalow
  • Condominium
  • Apartment

Median price (RM) for a terrace house: RM 335, 000

Location: Seberang Jaya, 13700 Seberang Jaya, Penang

Tenure: Freehold

Median built-up for a terrace house: 1,113 sq ft

ALSO READ: Penang’s most popular residential areas and projects among homebuyers

These locations dominate as markets of opportunity and still up for you to grab! Also, in line with consumers’ demand, more affordable housing units will be built in Penang. The PPR will be developed in areas like Gelugor, Teluk KumbarBalik Pulau and Jelutong.

Note: Analytics are based on the data available at the date of publication and may be subject to revision as and when more data becomes available.

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