House prices in Penang island
Asked 29 Jul 2026 · 1 answer
AI Answer · Live market data
Price psf range
RM 1,000 – RM 1,300 psf
Penang Island (Prime Seafront)
Flagship projects like Straits Residences, Quayside
Price psf range
RM 800 – RM 1,200 psf
Penang Island (Luxury Units)
Prime island addresses
Listing price
RM 7,000,000
Marriott Residence @ Gurney
Penthouse, 3,134 sqft, RM 2,233.57 psf
Listing price
RM 889,000
QuayWest Residence, Bayan Lepas
4-bedroom, 1,470 sqft, RM 604.76 psf
Based on the latest search results, Penang island property prices vary significantly by location and property type. As of 2026, the average residential house price in Penang state was MYR 504,845 in Q3 2025 [3]. On the island, prime seafront projects in George Town, such as Straits Residences, Quayside, and Shorefront Residences, transact above RM1,000 to RM1,300 psf [4]. Luxury units in prime island addresses often reach RM800 to RM1,200 psf or beyond [5]. For example, a penthouse at Marriott Residence @ Gurney is listed at RM 7,000,000 (RM 2,233.57 psf) [1]. A more affordable option is QuayWest Residence in Bayan Lepas, with a 4-bedroom unit listed at RM 889,000 (RM 604.76 psf) [1]. Overhang landed properties on the island are priced around MYR 1.8 million, while overhang strata/high-rise properties are around MYR 800,000 [2]. Note that these are indicative prices; actual transactions vary by unit, floor, and condition.