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Penang landed houses remain the preferred choice of residential accommodation although more attractive and relatively affordable apartments and condominiums are being launched most of the time.
Overall existing supply of houses (terrace, semi-detached, town houses and cluster) in Penang Island is approximately 35,600 units (as of year 2011). Most of the units are located within the North East District (56%), comparitively larger housing schemes have been launched and completed within South East District since the past decade.
27 Green Terraces98 GreenlaneArdmore ResidenceAston HeightsBaymont ResidenceBayu Villas @ Desa Titi PanjangBeryl GardenBeverly HeightsBM HighlandBM Residence LandedCabanna CourtCapita ViewCarissa VillasFragonard Garden, Balik PulauHillpark ResidencesIdeal Haus @ One ResidenceJerjak 6Kensington ResidenceLakeside Superlink @ Jesselton HillsMaple ResidenceMilrow VillasMinden ResidenceOlive Tree GardenOrange VillaPearl Residence @ Pearl CityPegasus ResidencePenang World CityPrestige IIIPrestige VRaffles Residence 199Residensi Teluk BahangRivere GardenSA65, Taman Perdana UtamaSemi 8Sentinelle VilleSetia PinnacleShineville VillasSkycube ResidenceSpringtide HomesStarhillStramex ResidenceSunway HillsTaman Cendana EmasTaman Halaman RiaTaman Impian RiaTaman Pasir IndahTaman Sungai AraTaman Villa IndahTambun Royale CityThe Garden @ Balik PulauThe TerraceTrehausVenn SignatureVilarisY Cantonments
Penang condominium market is one of the most active sectors with a large number of projects launched and under construction each year.
The overall supply of condominiums and serviced residences in Penang Island is approximately 32,900 units (in year 2011). Most of the units are located within North East District (85%) followed by South West District.
To date, the condominium market in Penang Island has been bullish as prices continued to be on an uptrend with brisk sales for most of the newly launched projects.
86 Avenue Residences98 Nibong ResidenceArena Curve + Arena ResidenceArte SAston ParkAuto Prai CityAutumn Tower @ All Season ParkBandar Padang TembakBM MahkotaBoulevard Condominium, Ayer ItamBy The SeaCamellia Park CondominiumChelliah Park CityCity of DreamsCity ResidenceD’Zone CondominiumDarraD’MansionFiera VistaGardens VilleGrace ResidenceI-ParkIcon ResidenceIdaman Lavender 2, Sungai AraIdeal Vision ParkJambul HeightsK ResidenceKobay JelutongLogan MansionLot 285Lot A ResidencesMarinox Sky VillasMeridien ResidenceNadayu 290Olive Tree ResidencesOne ImperialOrchardvilleP3 Residence | Balik Pulau, PenangPavilion ResortPenang World CityPine ResidencePlatinum IIIPR1MA Penang @ Kampung KastamPrimero HeightsPrimo Summer @ SummertonQuayWest ResidenceRaffles TowerSandilandsScott ResidenceSeri Delima ResidencesSetia PinnacleSetia Sky 8Setia Sky VistaSetia Tri-AngleShineville ParkSierra East CondoSierra ResidencesSilverdale, Persiaran PerakSkies VillaSkycube ResidenceSkyview ResidenceSolaria ResidencesSouthbay PlazaStarhillStarhill Hotel ResidenceStraits GardenStraits Garden CondominiumStraits View CondominiumSunshine TowerSunway HillsTaman Free School ApartmentsThe CantonmentThe CloversThe H2OThe LandmarkThe LatitudeThe Light Waterfront Penang Phase I – The Light PointThe Loft @ Southbay CityThe MacalisterThe PeakThe Peak ResidencesThe PromenadeThe QbeesThe SignatureThe TurfThe Wave @ Penang Times SquareThe Wave @ Setia Pearl IslandThe WillowsTM ResidencyTree Sparina @ Ideal Vision ParkTrehausTropic SuitesTropicana 218 MacalisterTropicana Bay Residences – Penang World City Phase 1AV ResidencesVertiqVia Residenz @ Bayan CityVictoria Bay @ QueensbayWellesley Residence, Harbour PlaceWoodsbury Suites @ Harbour PlaceY StoreysZan Pavillon
For the past few years, the office property sector in Penang has been relatively subdued compared to other property sectors such as shopping complexes.
Generally, rental rates for office space were about RM2.50 psf per month for prime and newer office buildings, while older buildings are noted to have rentals of RM2.00 psf and below.
In retail sector of shopping malls, Gurney Plaza recorded the highest rentals of up to RM35.00 psf for the spaces at ground floor.
The area of Georgetown remains the major contributor of office space followed by the growth areas of Bayan Baru, Sungai Nibong and Gelugor at the south-eastern portion of the Penang island.
Arena Curve + Arena ResidenceAuto Prai CityBLT Park @ AlmaCity MallEscape Penang, Eco Theme ParkFrontageIcon CityIdeal Vision ParkKenari AvenueKobay JelutongNova PlaceOne PrecinctOrange AvenuePearl Avenue @ Pearl CityPenang SME CentrePenang World CityStraits GardenSunshine TowerSunway WellesleyThe Avenue SquareThe Lexis SuitesThe PromenadeTrends @ Southbay PlazaTropicana 218 MacalisterVantage Desiran TanjungVictoria Bay @ QueensbayWoodsbury Suites @ Harbour Place