Property Prices in Penang, Malaysia

Index Info
Price to Income Ratio: 10.92
Mortgage as Percentage of Income: 80.48%
Loan Affordability Index: 1.24
Price to Rent Ratio - City Centre: 28.41
Price to Rent Ratio - Outside of Centre: 32.33
Gross Rental Yield (City Centre): 3.52%
Gross Rental Yield (Outside of Centre): 3.09%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,833.33 RM 1,000.00-3,000.00
Apartment (1 bedroom) Outside of Centre 1,050.00 RM 550.00-1,800.00
Apartment (3 bedrooms) in City Centre 3,137.50 RM 2,000.00-4,500.00
Apartment (3 bedrooms) Outside of Centre 2,177.78 RM 1,500.00-3,500.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 1,032.40 RM 793.99-1,199.99
Price per Square Feet to Buy Apartment Outside of Centre 735.13 RM 508.64-999.99
Salaries And Financing
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Average Monthly Net Salary (After Tax) 4,356.67 RM
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 4.16 3.00-5.25

These data are based on 68 entries in the past 18 months from 13 different contributors.
Last update: December 2024

Sources and References
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