New condos in Penang
We track 37 new launches in Penang across 16 areas and check each one against the developer's website. The lowest entry price is RM379 per sq ft and the median is RM577.
- 37
- new launches
- 16
- areas
- RM577
- median entry psf
- 27
- freehold
Checked against the developer's website on 2026-09-29
Lowest entry price per sq ft in Penang
| Project | Area | Per sq ft |
|---|---|---|
| MONTVIEW Residences | Bukit Mertajam | RM379 asking |
| Aralia Park | Simpang Ampat | RM409 est. |
| Iconic Harmony | Bukit Mertajam | RM422 est. |
| D' Hazelton | Penang Island | RM442 est. |
| Seiras Residences | Seberang Perai Selatan | RM445 est. |
| D'Zone Condominium | Teluk Kumbar | RM458 est. |
| Tuán Pavilion | Air Itam | RM460 est. |
| Savana | Batu Kawan | RM514 asking |
| Versa | Batu Kawan | RM526 est. |
| Pinnacle Bukit Gambier | Bukit Gambier | RM547 est. |
New launches against completed condos, by area
| Area | Launches | New launch median psf | Completed condos (NAPIC 2025) | Gap |
|---|---|---|---|---|
| George Town | 12 | RM967 | – | – |
| Bayan Lepas | 5 | RM666 | – | – |
| Batu Kawan | 4 | RM526 | – | – |
| Seberang Perai | 3 | RM603 | – | – |
| Bukit Mertajam | 2 | RM401 | – | – |
Price change by area in Penang
| Area | 2024 to 2025 | Last 6 months | Condos |
|---|---|---|---|
| Seberang Perai UtaraButterworth | +1.4% | +1.3% | 10 |
| Seberang Perai TengahSeberang Perai, Bukit Mertajam, Seberang Perai Selatan | -0.1% | – | 9 |
| Barat DayaBayan Lepas, Relau, Teluk Kumbar | -1.2% | -0.7% | 15 |
| Timur LautGeorge Town, Air Itam, Batu Ferringhi, Penang Island | -2.2% | -1% | 14 |
Price changes in Penang
2024 to 2025
0%
Median change across 53 completed condos. 18 rose and 21 fell.
Jul–Dec 2025 to Jan–Jun 2026
-0.4%
Median change across 59 completed condos. 21 rose and 24 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
- The Prominence+12%
- Quayside Condo+12%
- Imperial Residences+10%
Biggest falls, 2024 to 2025
- Pantai Miami-23.9%
- Ferringhi Emas Resort-19.4%
- Pangsapuri Kamelia-9.2%
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.
All projects by area
George Town12
-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
Bayan Lepas5
-23% vs new launches nearby+11% vs completed condosGoodwood ResidenceBayan LepasRM 556 psfFrom RM 598,0001,075–1,250 sq ft
0% vs new launches nearby+33% vs completed condosM AmayaBayan LepasRM 666 psfMah Sing GroupFrom RM 480,000Freehold · 721–1,432 sq ft · 1–4 bed
+26% vs new launches nearby+55% vs completed condosM ZenniBayan LepasRM 772 psfMah Sing GroupFrom RM 530,800Freehold · 688–1,184 sq ft · 1–4 bed
Maldives ResidencesBayan LepasIdeal Property GroupPrice not statedFreehold
Queens Residences Q3Bayan LepasIdeal Property GroupFrom RM 997,500Freehold · 950–1,400 sq ft · 2–3 bed · Completion 2028
Batu Kawan4
-16% vs new launches nearbySavanaBatu KawanRM 514 psf · askingParamount Property Development Sdn BhdFrom RM 469,000Completion 2025
-13% vs new launches nearbyVersaBatu KawanRM 526 psfAspen Vision City Sdn BhdFrom RM 370,000703–868 sq ft- +34% vs new launches nearbyMezonBatu KawanRM 696 psf · askingAspen GroupFrom RM 600,000Freehold · 862–1,410 sq ft · 3–4 bed
AndaBreezeBatu KawanKerjaya Prospek PropertyPrice not statedCompletion 2030
Seberang Perai3
-31% vs new launches nearby+12% vs completed condosSkyAwani Pearlmont ResidencesSeberang PeraiRM 413 psfSkyWorldFrom RM 371,450Freehold · 900 sq ft · 3 bed · Completion 2029
+50% vs completed condosForescapeSeberang PeraiRM 551 psfMetrio Jaya Development Sdn. Bhd.From RM 498,000Freehold · 904–1,098 sq ft · 3–4 bed · Completion 2030
+78% vs completed condosAltus ResidencySeberang PeraiRM 654 psfG Land Development Sdn. Bhd.From RM 846,400Freehold · 1,295–3,280 sq ft · 3 bed · Completion 2028
Seberang Perai Selatan1
Simpang Ampat1
New condos in Penang: common questions
Which new condo in Penang has the lowest entry price per sq ft?
Of the launches we track with a price per sq ft, MONTVIEW Residences in Bukit Mertajam has the lowest, at about RM379 per sq ft. Prices change with each release, so check the current price with the developer.
Which area in Penang has the most new launches?
George Town has the most, with 12 projects on our list.
How many new launch condos in Penang are freehold?
27 of the 37 projects we track state freehold tenure on the developer's website. The rest are leasehold or do not say.
What is the minimum price for foreigners buying in Penang?
The state minimum for foreign buyers is RM1,000,000 for most strata homes. The rules change, so confirm with a lawyer before you pay a booking fee.