BATU MAUNG

Penang, Malaysia

18
Properties within neighbourhood
7
Convenience Store
0
Shopping Malls
11
Supermarkets & Markets
0
Public Transport
14
Educations
20
Places of Worship
3
Medicals
2
Banks
2
Petrol Station

average

Crime Level

Tun Dr Lim Chong Eu Expressway, Bayan Lepas Expressway

Highways

The Loft, The Loft @ Southbay City

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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 Batu Maung *

* 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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Neighbourhood Review

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Batu Maung is situated on the Southern tip of Penang island, just below Bayan Lepas and Bayan Baru. The town is home to Penang’s deep sea fishing port where fishing boats unload their catch before they are distributed to other parts of Penang, Malaysia and overseas. What was once a quiet seaside town is now rapidly transforming, benefiting from the completion of the second Penang bridge as well as the skyrocketing prices of property in other parts of Penang.

With the announcement and opening of the second Penang bridge which connects Batu Maung on the island to Batu Kawan on the mainland, Batu Maung has seen the emergence of numerous high rise residential properties and landed residences. Home buyers are beginning to see Batu Maung as an alternative to other more costly areas in Penang with the advantage of obtaining larger homes at prices which may not be possible in areas like Georgetown or even Bayan Lepas.

The town has also experienced a boom in population due to the expansion of the Bayan Lepas Free Trade Zone through sea reclamation works, with many international, such as Motorola and Nippon Express, as well as local companies setting up their factories there. With that, there have also been an increase in convenient amenities such as banks, mini markets, laundromats, pharmacies and also a shopping complex, Southbay Plaza to cater to the community. Existing amenities in Batu Maung include schools such as the SK Batu Maung and SRJK (C) Wen Khai and many educational centres.

Given its strategic location close to the industrial area of Bayan Lepas and the second Penang bridge, residential developments in Batu Maung are evidently geared towards the working classes who are those within the lower-middle to middle income segment of the population. Certain developments also aim to appeal to larger families with more spacious landed homes and even condominiums. Future developments in Batu Maung are expected to continue in that line, encouraging more and more people to live there where homes are more affordable.

Being at the Southernmost end of the Tun Dr. Lim Chong Eu Expressway, Batu Maung is within 10 minutes of the Penang International Airport and Bayan Lepas industrial area, while Georgetown is around 20 minutes away. Ideal for those working in Bayan Lepas or the mainland while also appeal to others who are in search of more spacious albeit affordable properties in Penang.

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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