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Neighbourhood Overview

Penang

Malaysia

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Penang is a beautiful state at the northwest of Peninsular Malaysia, filled with history and culture. Known for having some of the best food in Malaysia, it is where many dream of visiting just to sample the mouth-watering cuisine there.

The name Penang derives from the Malay word, Pinang which means ‘areca nut’. It was first discovered in the 15th century by Chinese merchants who came upon the island. After that, British rule shaped the history of modern Penang from 1786 when George Town was established as its capital city. Penang later gained independence from the British when it merged with the Federation of Malaya (now Malaysia) in 1957.

The state consists of two parts - the Penang Island, where the state capital of George Town is, and the mainland, Seberang Perai. Both are connected by the Penang Bridge and the Sultan Abdul Halim Muadzam Shah Bridge. Penang has among the nation’s highest population densities and is one of Malaysia’s most developed states.

It was one of the few states that saw a growth in property transactions during the COVID-19 pandemic in 2021, proving to have a strong market demand despite global difficulties during this period. The state is in one of the best positions to bounce back during a post-pandemic recovery, especially because of its desirable location for investment, second homes and retirement. Moreover, it was ranked among the "15 Best Islands in the World to Retire In" by International Living.

George Town is the most popular city here, defined by its gorgeous colonial architecture, diverse arts scene, and delectable street food. Here you can live an affordable First-World lifestyle that embodies the comfort of home. From movie theatres with American films to fancy malls, Penang offers all your entertainment needs without breaking the bank.

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About This Map

Analysis and comparison of average transaction, for sale and for rent prices for landed, non-landed and commercial properties within Penang *

* To provide you the most accurate information some columns may appear as ‘Insufficient Data’ due to insufficient transactions in the area

Non-Landed Landed Commercial
Avg Transacted Price
Avg Transacted Price(Psf)
Avg For Sale Listing Price
Avg For Sale Listing Price(Psf)
Avg For Rent Listing Price
Avg For Rent Listing Price(Psf)

This is a representation of historical transaction prices within the neighbourhood, categorised by non-landed (condominium, serviced apartment, apartment), landed (townhouse, terrace, bungalow, semi-detached, house) and commercial (office, shop).

Did you know?

Transacted Prices will give you an idea of the neighbourhood’s property price trend.

Cost of Living

Restaurants
Meal, Inexpensive Restaurant 10.00 RM 9.00 15.00
Meal for 2 People, Mid-range Restaurant, Three-course 60.00 RM 45.00 100.00
McMeal at McDonalds (or Equivalent Combo Meal) 16.50 RM 15.00 20.00
Domestic Beer (0.5 liter draught) 15.00 RM 10.00 28.00
Imported Beer (0.33 liter bottle) 20.00 RM 10.00 30.00
Cappuccino (regular) 11.25 RM 8.00 18.00
Coke/Pepsi (0.33 liter bottle) 1.90 RM 1.30 2.00
Water (0.33 liter bottle) 1.53 RM 1.00 2.00
Markets
Milk (regular), (1 liter) 7.31 RM 6.00 8.00
Loaf of Fresh White Bread (500g) 3.78 RM 2.00 10.00
Rice (white), (1kg) 4.90 RM 1.30 12.00
Eggs (regular) (12) 6.69 RM 4.80 7.20
Local Cheese (1kg) 37.00 RM 20.00 100.00
Chicken Fillets (1kg) 22.07 RM 8.00 25.00
Beef Round (1kg) (or Equivalent Back Leg Red Meat) 36.80 RM 15.00 100.00
Apples (1kg) 10.04 RM 6.30 14.00
Banana (1kg) 6.28 RM 3.99 10.00
Oranges (1kg) 10.17 RM 4.00 15.00
Tomato (1kg) 4.71 RM 3.00 6.00
Potato (1kg) 3.25 RM 2.49 4.00
Onion (1kg) 3.86 RM 3.50 4.00
Lettuce (1 head) 3.88 RM 0.73 5.00
Water (1.5 liter bottle) 1.64 RM 1.00 2.00
Bottle of Wine (Mid-Range) 78.00 RM 50.00 120.00
Domestic Beer (0.5 liter bottle) 10.47 RM 6.90 13.00
Imported Beer (0.33 liter bottle) 15.81 RM 8.00 20.00
Cigarettes 20 Pack (Marlboro) 17.50 RM 17.40 20.00
Transportation
One-way Ticket (Local Transport) 2.00 RM 1.80 2.30
Monthly Pass (Regular Price) 75.00 RM 50.00 217.39
Taxi Start (Normal Tariff) 6.00 RM 5.00 9.00
Taxi 1km (Normal Tariff) 1.50 RM 1.00 3.00
Taxi 1hour Waiting (Normal Tariff) 30.00 RM
Gasoline (1 liter) 2.09 RM 2.00 2.20
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 169,225.45 RM 155,701.00 173,390.00
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 128,981.33 RM 120,000.00 145,000.00
Utilities (Monthly)
Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment 216.57 RM 177.08 300.00
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) 0.27 RM 0.15 0.40
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 126.62 RM 100.00 200.00
Sports And Leisure
Fitness Club, Monthly Fee for 1 Adult 127.14 RM 100.00 150.00
Tennis Court Rent (1 Hour on Weekend) 11.00 RM 8.00 10.00
Cinema, International Release, 1 Seat 15.00 RM 11.00 18.00
Childcare
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 933.33 RM 800.00 1,000.00
International Primary School, Yearly for 1 Child 32,275.00 RM 19,200.00 48,000.00
Clothing And Shoes
1 Pair of Jeans (Levis 501 Or Similar) 235.62 RM 125.00 350.00
1 Summer Dress in a Chain Store (Zara, H&M, ...) 114.86 RM 30.00 154.00
1 Pair of Nike Running Shoes (Mid-Range) 296.25 RM 150.00 600.00
1 Pair of Men Leather Business Shoes 319.00 RM 225.00 500.00
Rent Per Month
Apartment (1 bedroom) in City Centre 1,163.33 RM 600.00 1,800.00
Apartment (1 bedroom) Outside of Centre 990.00 RM 500.00 3,200.00
Apartment (3 bedrooms) in City Centre 2,385.71 RM 2,000.00 3,500.00
Apartment (3 bedrooms) Outside of Centre 1,928.57 RM 1,400.00 3,000.00
Buy Apartment Price
Price per Square Meter to Buy Apartment in City Centre 8,477.44 RM 5,381.96 12,916.69
Price per Square Meter to Buy Apartment Outside of Centre 5,960.52 RM 4,305.56 8,611.13
Salaries And Financing
Average Monthly Net Salary (After Tax) 3,683.33 RM
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.69 3.00 4.30

Crime Rate

Crime Index: 36.19 Safety Index: 63.81
Level of crime 32.04
Crime increasing in the past 3 years 46.52
Worries home broken and things stolen 36.85
Worries being mugged or robbed 39.99
Worries car stolen 32.85
Worries things from car stolen 41.52
Worries attacked 26.83
Worries being insulted 21.53
Worries being subject to a physical attack because of your skin color, ethnic origin, gender or religion 22.97
Problem people using or dealing drugs 35.14
Problem property crimes such as vandalism and theft 44.92
Problem violent crimes such as assault and armed robbery 33.19
Problem corruption and bribery 66.78
Safety walking alone during daylight 81.11
Safety walking alone during night 48.87

Quality of Life

Quality of Life Index: 142.2
Purchasing Power Index 57.04
Safety Index 63.81
Health Care Index 78.66
Climate Index 59.28
Cost of Living Index 35.51
Property Price to Income Ratio 9.8
Traffic Commute Time Index 31.47
Pollution Index 51.99
ƒ 142.2

Consumer Price Index

This is a representation of Penang Consumer Price Index (CPI) for the year of 2011 - 2015

Did you know?

A consumer price index (CPI) measures changes in the price level of a market basket of consumer goods and services purchased by households. (Wikipedia)

NO DATA FOUND

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