New launch condos in George Town
We track 12 new launches in George Town, Penang. Entry prices run from RM 598 to RM 1,848 per sq ft. NAPIC recorded 9 completed condos in the Timur Laut district in 2025, at a median of RM 546 per sq ft.
- Projects
- 12
- Per sq ft
- RM 598–1,848
- NAPIC 2025
- RM 546
Checked against the developer's website on 2026-09-29
Projects
-48% vs new launches nearby+10% vs completed condosThe WaveGeorge TownRM 598 psfIvory Properties Group BerhadFrom RM 750,000Freehold · 1,255 sq ft · Completed
-36% vs new launches nearby+34% vs completed condosLumina ResidenceGeorge TownRM 731 psf · askingVST Group of CompaniesFrom RM 950,000Freehold · 1,200 sq ft
-34% vs new launches nearby+38% vs completed condosSetia V ResidencesGeorge TownRM 753 psfS P Setia Bhd GroupFrom RM 3,100,0004,118 sq ft · 4 bed
-31% vs new launches nearby+44% vs completed condosSetia SV2George TownRM 787 psf · askingS P SetiaFrom RM 855,000Freehold · 1,087–1,647 sq ft · Completion 2030
+46% vs new launches nearby+110% vs completed condosCrown PenangGeorge TownRM 1,147 psfChin Hin Group Property BerhadFrom RM 704,000Freehold · 614–1,851 sq ft · Studio–3 bed
+90% vs new launches nearby+174% vs completed condosMerione ResidencesGeorge TownRM 1,496 psfIJM Land BerhadFrom RM 1,578,000Freehold · 1,055–1,206 sq ft · 3 bed · Completion 2029
+126% vs new launches nearby+226% vs completed condosLightwater ResidencesGeorge TownRM 1,780 psf · askingJaringan Simfoni Sdn. Bhd.From RM 2,390,000Freehold · 1,152–3,186 sq ft · Completion 2028
+135% vs new launches nearby+239% vs completed condosG'VintonGeorge TownRM 1,848 psfSunrich Capital Sdn. Bhd.From RM 715,000Freehold · 387–1,356 sq ft · Completion 2028
The MegGeorge TownEastern & Oriental BerhadFrom RM 543,400Freehold · Completion 2026
MarisGeorge TownPersada Mentari Sdn BhdFrom RM 904,000Freehold · Completion 2029
The Westin Residences PenangGeorge TownVST GroupPrice not stated
Noordinz SuitesGeorge TownEXSIM GroupFrom RM 682,870Freehold · 377–603 sq ft · Completion 2027
| Project | From | Per sq ft | Status | |||
|---|---|---|---|---|---|---|
| The Wave | Ivory Properties Group Berhad | – | RM 598 est. | 1,255 | – | Completed |
| Lumina Residence | VST Group of Companies | – | RM 731 asking | 1,200 | – | Selling |
| Setia V Residences | S P Setia Bhd Group | – | RM 753 est. | 4,118–4,118 | – | Not stated |
| Setia SV2 | S P Setia | – | RM 787 asking | 1,087–1,647 | 2030 | Selling |
| Crown Penang | Chin Hin Group Property Berhad | RM 704,000 | RM 1,147 est. | 614–1,851 | – | Selling |
| Merione Residences | IJM Land Berhad | RM 1,578,000 | RM 1,496 est. | 1,055–1,206 | 2029 | Selling |
| Lightwater Residences | Jaringan Simfoni Sdn. Bhd. | RM 2,390,000 | RM 1,780 asking | 1,152–3,186 | 2028 | Selling |
| G'Vinton | Sunrich Capital Sdn. Bhd. | RM 715,000 | RM 1,848 est. | 387–1,356 | 2028 | Selling |
| The Meg | Eastern & Oriental Berhad | RM 543,400 | – | – | 2026 | Selling |
| Maris | Persada Mentari Sdn Bhd | RM 904,000 | – | – | 2029 | Selling |
| The Westin Residences Penang | VST Group | – | – | – | – | Selling |
| Noordinz Suites | EXSIM Group | RM 682,870 | – | 377–603 | 2027 | Selling |
Compared with other areas
- Timur LautRM 753 · 11 launchesRM 546
- Barat DayaRM 556 · 5 launchesRM 500
- Seberang Perai TengahRM 434 · 6 launchesRM 368
- Seberang Perai UtaraRM 442 · 1 launchRM 362
NAPIC 2025 data. Only areas with at least 5 recorded schemes are listed. Hover or tap an area for details.
Completed condos in the Timur Laut district (NAPIC 2025)
Price per sq ft is the midpoint of each scheme's 2025 price range in the NAPIC tables.
| Condo | Price per sq ft |
|---|---|
| Quayside Condo | RM 1,416 |
| Quay West Residence | RM 782 |
| Artis 3 | RM 619 |
| The Zen | RM 598 |
| I-Santorini | RM 546 |
| Iconic Skies | RM 544 |
| The Peak Residence | RM 510 |
| Pantai Miami | RM 443 |
| Ferringhi Emas Resort | RM 347 |
New condos in George Town: common questions
Which new condo in George Town has the lowest entry price per sq ft?
Of the 8 launches in George Town with a price per sq ft, The Wave has the lowest, at about RM598 per sq ft.
How do new launch prices in George Town compare with completed condos?
The new launches we track in George Town have a median entry price of RM967 per sq ft. For 9 completed condos in the Timur Laut district, NAPIC recorded a 2025 median of RM546 per sq ft.
How many new launches in George Town are freehold?
10 of the 12 projects we track in George Town state freehold tenure on the developer's website.
Price changes in Timur Laut (George Town)
2024 to 2025
-2.2%
Median change across 14 completed condos. 2 rose and 8 fell.
Jul–Dec 2025 to Jan–Jun 2026
-1%
Median change across 32 completed condos. 13 rose and 15 fell.
NAPIC's price tables give a price range for each condo. We take the midpoint, work out each condo's own change, and show the median. A change under 2% counts as flat.
Biggest rises, 2024 to 2025
- Quayside Condo+12%
- The Tamarind+7.3%
Biggest falls, 2024 to 2025
- Pantai Miami-23.9%
- Ferringhi Emas Resort-19.4%
- Quay West Residence-5%
Condo sale prices in Penang by quarter
| Quarter | Median price | Middle half | Sales |
|---|---|---|---|
| 2026 Q1 | RM470K | RM335K–633K | 159 |
| 2026 Q2 | RM450K | RM350K–589K | 214 |
Median price per unit of condo and apartment sales recorded by NAPIC. Not adjusted for unit size.
State market data
- Johor+28.6%
- Kedah+24.3%
- Perlis+18.4%
- Melaka+17.3%
- Penang+16.6%
- Kelantan+15.9%
- Negeri Sembilan+15.8%
- Perak+14.9%
- Pahang+13%
- Terengganu+12.6%
- Selangor+11.9%
- Sarawak+11.9%
- Kuala Lumpur+8.5%
- Sabah+7.5%
Malaysian House Price Index, all house types. Malaysia +14.2% (- - -)
- 200k–300k594
- 300k–400k405
- 400k–500k109
- 500k–600k81
- 600k–700k111
- 700k–800k104
- 800k–900k49
- 900k–1M269
- > 1M79
Grouped by price band. The band for this project's starting price is highlighted.