Penang Island: Condos, Apartments and Area Guide

Penang Island is the smaller, busier half of Penang, with George Town, the beaches, the airport and the Bayan Lepas factories. About 816,000 people live on roughly 300 km² of land, so most homes here are condos and apartments.

1,037

Developments in this directory

1,818 / 3,633

For sale / for rent on condo.com.my now

815,900

Population, 2026 estimate

Census 2020: 794,313 (DOSM)

RM 7,745 – 8,919

Median household income a month

DOSM, 2024, by district

RM 520 psf

Condo / apartment median price

NAPIC sales, 2025

Districts

Timur Laut and Barat Daya

Explore Penang by area

District

Timur Laut

George Town, Gurney, Tanjung Bungah, Air Itam, Jelutong

730 developments

1,028 for sale · 2,405 for rent

District

Barat Daya

Bayan Lepas, Bayan Baru, Sungai Ara, Relau, Batu Maung

307 developments

790 for sale · 1,228 for rent

Region

Seberang Perai (Mainland)

SP Utara, SP Tengah and SP Selatan

391 developments

144 for sale · 167 for rent

District

Seberang Perai Utara

Butterworth, Bagan, Raja Uda, Kepala Batas, Penaga

144 developments

97 for sale · 123 for rent

District

Seberang Perai Tengah

Bukit Mertajam, Seberang Jaya, Perai, Bandar Perda, Juru

184 developments

30 for sale · 15 for rent

District

Seberang Perai Selatan

Batu Kawan, Simpang Ampat, Bukit Tambun, Nibong Tebal

63 developments

17 for sale · 29 for rent

Penang Island area guide

About Penang Island

The island is split into two districts. Timur Laut in the north-east has George Town, Gurney, Tanjung Bungah, Batu Ferringhi, Air Itam, Jelutong and Gelugor. Barat Daya in the south-west has Bayan Lepas, Bayan Baru, Sungai Ara, Relau, Batu Maung and the Balik Pulau countryside. Both are run by the City Council of Penang Island (MBPP).

The 2020 census counted 794,313 people on the island, 46% of Penang, and DOSM estimates 815,900 in 2026. With Penang Hill and the forest of the north-west in the middle, most people live along the east and north coasts, and high-rise living is the norm.

Household income and jobs

Both island districts earn above the Penang median of RM7,386 a month: RM8,919 in Barat Daya and RM7,745 in Timur Laut (DOSM, 2024). The Bayan Lepas Free Industrial Zone is the island's biggest employer, and George Town is the centre for services, tourism, finance, healthcare and education.

House prices per square foot

In NAPIC sales data a condominium or apartment on the island sold for a median of RM 546 psf in 2024 and RM 520 psf in 2025, against RM 356 psf on the mainland. Timur Laut is the dearest at RM 559 psf, and Barat Daya follows at RM 481 psf. Landed homes are scarce and expensive: a 2-storey terrace house sold for a median of about RM 965,000 in 2025.

Median sold price	2024	2025	Jan–Jun 2026
Condominium / apartment	RM 546 psf · RM 580,000 (1,291 sales)	RM 520 psf · RM 550,000 (449 sales)	RM 500 psf · RM 546,500 (168 sales)
Flat	RM 422 psf · RM 300,000 (1,006 sales)	RM 428 psf · RM 300,000 (569 sales)	RM 426 psf · RM 300,000 (221 sales)
Low-cost flat	RM 335 psf · RM 184,000 (606 sales)	RM 356 psf · RM 199,000 (302 sales)	RM 355 psf · RM 200,000 (135 sales)
2-storey terrace house	RM 1,095,000 (260 sales)	RM 965,000 (109 sales)	RM 1,057,500 (42 sales)

Median of the sales in NAPIC Open Sales Data (JPPH). psf = price ÷ floor area of the unit. Recent months are not complete yet, so 2025 and 2026 have fewer sales than were really made.

Island or mainland?

Island: closer to George Town, the beaches, the airport and the Bayan Lepas factories; higher prices; mostly condos and apartments; heavier traffic at the bridges and in the city.
Mainland: about a third cheaper per square foot, more landed homes and space, newer townships at Batu Kawan and Bandar Cassia; a bridge crossing to reach the island.

What is coming

The LRT Mutiara Line from Komtar to the airport and Silicon Island was 15.5% complete in September 2026 and is set to open in December 2031. The airport is being expanded to 12 million passengers a year by June 2028, and Silicon Island is being reclaimed off Batu Maung. The state is also studying a third link bridge to the mainland.