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7 properties in Penang you can afford with RM 2, 500 monthly instalment


For those looking for building a life in Penang, consider these 7 properties you can afford with RM 2,500 per month

Fatt Tze Mansion is a famous historical building and hotel in Georgetown. It is also known as the Blue Mansion. © Елена Ермакова/ 123RF

Previously, we’ve got you covered for properties you can afford with RM 2,500 per month in Klang Valley. It’s no secret that the property prices in major cities in Malaysia are sky high.  Be it KL City Centre, Petaling Jaya, Johor Bahru or Penang, the journey to get a foothold can be a daunting experience.

Also, you might want to check out the Home Ownership Campaign (HOC). It is an initiative by the government where at least 10% discount will be given to home buyers by developers. Not just that stamp duty will be waived on the instrument of transfer and loan agreement for houses priced between RM300, 001 and RM1 million for first-time house buyers.

If you’re looking for a place to settle down in Penang, this time around, we have mapped down 7 properties in Penang you can afford with RM 2, 500 monthly instalments.  Let’s shop around!

NOTE: The monthly instalment calculations were made using our home loan calculator, utilizing the following terms: 35-year loan tenure at a 4.7% interest and a 10% down payment. Meanwhile, the recommended household income utilises the housing cost burden or 30% rule, where the stated minimum sum equals 35% of the calculated monthly instalment.

1. Vista Perdana Apartment – Taman Bagan Jermal, Butterworth

Butterworth Floating Mosque. © Chan Richie/ 123RF

Vista Perdana Apartment is a residential property that is overlooking the sea. It has all basic facilities such as cafeteria, covered parking, gymnasium, jogging track, mini market, playground, salon, and 24-hour security. The units are made up of 3 bedrooms and 2 bathrooms, and it is suitable for families.

Price: from RM220, 000

Monthly instalment: RM 962/ month

Built-up size: 935 sf

Amenities: There are plenty of schools within 2 km radius from the property such as SMK Kampong Kastam, SK Bagan Jermal, SJK(C) Kwang Hwa, and SJK(T) Mak Mandin. Nearby government clinics within 2km are Klinik Desa Bagan Dalam and Klinik Kesihatan Butterworth. Not just that, there are restaurants and banks within its vicinity. For shopping or grocery runs, the wet market, Econsave Hypermarket, and Sunway Carnival Seberang Jaya are within 5-10 minutes’ drive away.    

Getting around: Vista Perdana Apartment has good accessibility. As it is located along Jalan Kampung Gajah, the property is connected to the Butterworth Outer Ring Road (BORR).  Also, it is about 5 km away from the Sultan Abdul Halim Ferry Terminal while public transport is widely available as the Rapid Penang buses operate along Jalan Kampung Gajah.

The Rapid Penang bus 601 provides service between:

  1. Penang Sentral (Butterworth) – Dato’ Kailan Bus Terminal
  2. Kompleks Dato’ Kailan – Penang Sentral (Butterworth)

For those who wanted to travel to the Island, you may take the Rapid Penang bus from Penang Sentral and change to Rapid Penang bus number 201 or 502 when you arrived at the Penang Jetty.

2. Palma Laguna – Kampung Jawa, Perai

© Lee Chee Keong/ 123RF

This 38-storey apartment consists of 350 residential units. The units are made up of 3+1 bedrooms and 2 bathrooms. It has top-notch facilities like outdoor jacuzzi, gymnasium with a water park view, sauna, outdoor spa, a rooftop garden, and a kindergarten. On top of that, Laguna Water Park is just next door, making it a perfect spot for family activities.

Price: from RM 259, 999

Monthly instalment: RM1, 137/ month

Built-up size: 1, 040 sf – 1, 100 sf

Amenities: There are abundant of amenities within its vicinity. Banks, restaurants, cafes, and clinics are all within 5 minutes’ drive away from Palma Laguna. Not just that, hypermarkets like Giant, AEON, and Billion are just 5 km away.  Nearby landmarks that are reachable within minutes include Auto City, Perai Industrial Zone, Chai Leng Park, Sunway Carnival Seberang Jaya, and Pacific Megamall. Schools are also nearby such as Sekolah Kebangsaan Pauh Jaya while UiTM Pulau Pinang campus is only 3.6 km away from the property.

Getting around: Palma Laguna is in a prime area. It has easy access to the North-South Expressway (NSE) and BORR. Access to the Penang Bridge is also convenient as it is about 4 km away. The apartment is within 5 minutes’ drive from the first Penang Bridge thus, making it a busy area during peak hours. Even though traffic is busy in the area, Palma Laguna is one of the sought-after addresses due to its location and connectivity.

3. Prominence – Bukit Tengah, Bukit Mertajam

Colonial houses in Georgetown. © Lenise Calleja/ 123RF

Prominence is a lifestyle condominium featuring resort-like facilities. Unlike any other condominium, this property has a man-made beach, mini golf field, turf for group exercise. The residents are also equipped with sky reading patio, sky lounge, sky yoga deck, indoor and outdoor sky gym, and a sky dining pad. This 28-storey condominium comes with 412 units and it also features a 2-storey sky bridge located on level 26 and 27.

Price: from RM390, 000

Monthly instalment: RM1, 705/ month

Built-up size: 1, 162 sf –  1, 508 sf

Amenities: Prominence has many amenities within its vicinity. Entertainment, restaurants, schools, banks, and shopping are all within a hop, skip and jump away from the property. On the other hand, Politeknik Permatang Perai is about 3 km away while UiTM Pulau Pinang campus is about 4 km away or a 10-minute drive. On top of that KPJ Penang Specialist Hospital is about 6 minutes’ drive while Sunway Carnival Mall is within 8 km radius.

Getting around: The closest KTM station is KTM Bukit Tengah. It is 1.6 km away from the property, whereas KTM Bukit Mertajam station is 2.7 away. There are also other public transportation choices like Rapid Penang bus services. As Prominence is located in an accessible area, it is linked to different parts of Penang such as Georgetown. Furthermore, it takes 15 minutes to get to the Penang Bridge and it also has direct access to the North-South Expressway. 


4. Sunsuri ResidencesSungai Ara, Bayan Lepas


Sunsuri Residences is a serviced residence that is located about 2 km away from Penang International Airport. It comprises of two towers with 770 units. The facilities include a BBQ area, clubhouse, gymnasium, jacuzzi, sauna, and a wading pool.

Price: from RM 327, 888

Monthly instalment: RM 1, 433/ month

Built-up size: 500 sf – 800 sf

Amenities: There are many schools within 3 km radius from Sunsuri Residences. Government clinics are within an arm’s reach from the property while Giant Hypermarket and convenience stores are within the distance of 3 km away.

Getting around: Other than being nearby the airport, it takes a 20-minutes’ drive to get to the Penang Bridge from Sunsuri Residences. There are also Rapid Penang bus services such as Rapid Penang 401E. Residents can hop onto the bus from Jalan Sultan Azlan Shah as it passes through the jetty, Komtar, Queensbay Mall, the airport and a few more stops.

5. Halaman Kenanga Apartment– Sungai Dua

The second Penang Bridge, also known Sultan Abdul Halim Muadzam Shah bridge. © Lee Chee Keong/ 123RF

Halaman Kenanga Apartment has a total of 714 residential units. 200 units are low cost while the remaining units are low-medium cost. With 3 bedrooms and 2 bathrooms, it has all the basic facilities like a mini market, playground, and a jogging track.

Price: from RM 220, 000

Monthly instalment: RM 962/ month

Built-up size: 680 sf – 700 sf 

Amenities: There are numerous amenities within Halaman Kenanga’s vicinity. Queensbay Mall is about 3 km away from the property while Tesco Extra Sungai Dua is about 2 km away or a 7-minute drive. On the other hand, SMJK (C) Phor Thay is only 650 away from the apartment or an 8-minute walk.

Getting around: Halaman Kenanga is about 5 km away from the first Penang Bridge and Tun Dr Lim Chong Eu Highway. The second Penang bridge is about 15 minutes’ drive away or about 10 km away. Georgetown is a 30-minute drive via Tun Dr Lim Chong Eu Highway while driving to the airport is a 15-minute journey or about 9 km.

6. Tri PinnacleTanjong Tokong

Shopping mall and buildings at Gurney Drive. © Artaporn Puthikampol/ 123RF

Tri Pinnacle is a condominium that is recognised under the affordable housing scheme by the Penang state government. Located in a prime area, the condominium features facilities that include a gym, swimming pool, viewing deck, reflexology path, surau, multi-purpose hall, basketball court, hiking tracks, BBQ lawn, and a forest reserved as a backyard.  

Price: from RM420, 000

Monthly instalment: RM 1,836/ month

Built-up size: 650 sf – 800 sf

Amenities: Driving to Tanjong Tokong is about 7 minutes from Tri Pinnacle. Besides, there many educational institutions within its vicinity such as Penang Chinese Girls’ High School (3.7 km), Phor Thay Private High School (3.3 km) and TAR UC Penang Campus (6 km).  Not just that, Gurney Drive and Pulau Tikus is about 4 km away while health facility like Penang Adventist Hospital is about a10-minute drive from Tri Pinnacle.

Getting around: The condominium is accessible via Halia Highway. It links to Jalan Mount Erskine and Jalan Fettes while the Penang Bridge is a 30-minute drive away from the property. 

7. All Seasons Park – Thean Teik Highway, Ayer Itam

Bukit Bendera is in the suburb of Ayer Itam where the Penang Hill is stood. It is the oldest colonial hill station and was built by the British during the Malayan era. © tang90246/ 123RF

All Seasons Park is a condominium that offers a modern lifestyle. It has all the facilities that suit families. The condominium is equipped with a viewing deck, swimming pool, games room, children’s activity pavilion, playground, and a playroom. Not just that, there is a sauna room, meditation lawn, recreation park, and a BBQ area.  All Seasons Park comprises of 808 units with 12 different layouts such as standard units, duplexes, and penthouses.

Price: from RM 455, 000

Monthly instalment: RM 1,989/ month

Built-up size: 856 sf – 2,300 sf

Amenities: Schools and education centre are within 1km radius from All Seasons Park. SMK Air Itam is 1 km away, SK Seri Indah is 1.4 km away while Forest Education Centre is 1.5 km away from the condominium. Also, shopping mall, restaurants, and convenience stores are all within its vicinity. Farlim Night Market is 1.6 km or an 8-minute drive away whereas Farlim Business Centre is just next door.

Getting around: All Seasons Park is strategically located along Thean Teik Highway. Access to other parts of the city is convenient via Jalan Air Itam and Jalan Masjid Negeri.  On top of that, public transportation like Rapid Penang buses is convenient. For example, Rapid Penang 201 (Pekan Air Itam via Farlim), 202 (Paya Terubong via Farlim) and 306 Bayan Lepas (306).

Your journey to finding your dream home should not stop here. Check out for more affordable residential properties in Penang and just LoanCare to check your home loan eligibility and to increase your chances of getting a home loan approval.

 Edited by Rebecca Hani Romeli

Disclaimer: The information is provided for general information only. Malaysia Sdn Bhd makes no representations or warranties in relation to the information, including but not limited to any representation or warranty as to the fitness for any particular purpose of the information to the fullest extent permitted by law. While every effort has been made to ensure that the information provided in this article is accurate, reliable, and complete as of the time of writing, the information provided in this article should not be relied upon to make any financial, investment, real estate or legal decisions. Additionally, the information should not substitute advice from a trained professional who can take into account your personal facts and circumstances, and we accept no liability if you use the information to form decisions.

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