Penang, Malaysia
Property prices · 2025 · Asia · Price +4% vs 2024
Property price trend in Penang (2024–2026)
Property comparison — cities in Malaysia (2025)
| City | Centre /sqm | Outside /sqm | 1-Bed Rent | vs Penang |
|---|---|---|---|---|
| Penang | MYR 3,328 | MYR 2,184 | MYR 1,352 | — |
| Kuala Lumpur | MYR 8,840 | MYR 5,408 | MYR 2,288 | +165.6% |
| Johor Bahru | MYR 2,912 | MYR 1,924 | MYR 1,144 | -12.5% |
Other Asia cities (2025)
Frequently asked questions
How much does property cost in Penang in 2025?
In Penang, the average price per sqm in the city centre is MYR 3,328, and MYR 2,184 outside the centre (2025 data). Prices have risen 7.2% since 2024.
How much is rent in Penang in 2025?
A 1-bedroom apartment in Penang rents for approximately MYR 1,352 per month in 2025. A 3-bedroom apartment costs around MYR 2,184/month.
Is it better to buy or rent in Penang?
Buying and renting are roughly comparable in Penang. The price-to-rent ratio is 17.0x — it would take approximately 17.0 years of rental payments to equal the property purchase price. Current mortgage rates are approximately 4.40%.
What are mortgage rates in Malaysia in 2025?
The average mortgage rate in Malaysia is approximately 4.40% as of 2025. With a price-to-rent ratio of 17.0x, buyers should carefully weigh mortgage costs against rental savings.
How have property prices in Penang changed?
Property prices in Penang have changed +4% vs 2024. Since 2024, prices have increased by 7.2%. Use the year tabs above to compare prices across years.
What is the price per sqm in Penang?
The average property price per square metre in Penang city centre is MYR 3,328 in 2025. Outside the centre, expect to pay around MYR 2,184/sqm.