Property Prices in Penang, Malaysia

Index Info
Price to Income Ratio: 9.87
Mortgage as Percentage of Income: 72.72%
Loan Affordability Index: 1.38
Price to Rent Ratio - City Centre: 31.13
Price to Rent Ratio - Outside of Centre: 33.56
Gross Rental Yield (City Centre): 3.21%
Gross Rental Yield (Outside of Centre): 2.98%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,641.67 RM 850.00-3,000.00
Apartment (1 bedroom) Outside of Centre 958.33 RM 500.00-1,500.00
Apartment (3 bedrooms) in City Centre 2,933.33 RM 1,500.00-4,500.00
Apartment (3 bedrooms) Outside of Centre 2,214.29 RM 1,200.00-3,500.00
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) 4,821.11 RM
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 4.16 3.00-5.25

These data are based on 64 entries in the past 18 months from 13 different contributors.
Last update: March 2025

Sources and References
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