BALIK PULAU

Penang, Malaysia

33
Properties within neighbourhood
13
Convenience Store
2
Shopping Malls
5
Supermarkets & Markets
0
Public Transport
6
Educations
11
Places of Worship
5
Medicals
8
Banks
4
Petrol Station

average

Crime Level

Federal Route 6

Highways

The Betong Orchard, Botanica 4, Botanica 5, Botanica Walk

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About This Map

Transacted Prices

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).

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

Analysis & Comparison

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

* 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)

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Balik Pulau is situated on the Southwest end of Penang island and is most notable for being the go-to place to savour the “King of Fruits”. Every year, locals and tourists throng to the numerous orchards around the area for durian. Asam Laksa is also one of the local delicacies that Balik Pulau is famous for. The usually quiet town is surrounded by green hills and is the only place on the island where paddy fields can still be found.

Originally, the area was home to a small number of Malay settlers who came from Kedah, followed by other Chinese who followed suit. The area was then developed by the British who cleared land in the area for clove and nutmeg plantations, bringing in Indian and Chinese immigrants to work. Gradually, people began settling in the area, working at the plantations and estates, farming, fishing, setting up businesses and so on.

Today, many within the Balik Pulau community still work on the farms, orchards and plantations in the area as well as run businesses. There are amenities within the town, such as banks, Hospital Balik Pulau, clinics, hawker centres, coffee shops, restaurants, a bus terminal and schools, mainly the Prince of Wales International School, Sacred Heart High School and St. George’s Secondary school.

However, throughout the years of rapid urbanisation on the island, development is beginning to spill over from other parts of the island where land for housing has become increasingly scarce and house prices have skyrocketed. One notable development is the Botanica CT development located along Sungai Air Putih. With that, many other developments are expected to emerge in the peaceful town.

There are several main roads which lead into Balik Pulau from other parts of the island. From Georgetown, it will take a journey of around 40 minutes via the Tun Dr. Lim Chong Eu Expressway and Jalan Tun Sardon. The Penang airport is around 25 minutes from Balik Pulau via Federal Route 6 (round island road), which passes through Teluk Kumbar on the south end of Penang.

One thing to note is that traffic towards Bayan Lepas may be heavy at the intersection of Permatang Damar Laut, typically during the morning and evening rush hours, weekends and public holidays. In terms of public transportation, Rapid Penang busses, 401 and 401E shuttles back and forth from Balik Pulau to other parts of the island daily.

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)

The Consumer Price Index (CPI) line shows an increment in prices of essential goods on a yearly basis, while the Percentage Changes line shows the level of changes in price increments over the years. For example, a dip in the CPI line may indicate a low level of price increment as compared to the previous year while a surge in CPI line shows a high level of price increment as compared to the previous year.

The above graph shows 1.742% of price changes in essential goods such as rice, meat and tobacco between the years 2011 and 2012, while increasing in difference to 2.093% in 2013. Prices of essential goods then increasing to 3.169% in the year 2014 while surging by 2.529% in 2015.

While the prices of essential goods have shown a variation in the Percentage Changes, the Consumer Price Index (CPI) on the other hand indicates a reality of ever increasing prices in essential goods with increments between the years 2011 - 2015 at 102.7 in 2011, 105.1 in 2012, 107.3 in 2013, 110.7 in 2014, 113.5 in 2015.

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