Penang Neighbourhood and Local Info.
Property development has been rocketing off the scale due to the lack of land on the island, a situation similar to Hong Kong where space is precious, and prices of property in Penang are expected to increase by at least 10% in 2013. Expensive high rises with premium facilities targeted towards expats are the current trend as can be witnessed in new developments on the island such as Seri Tanjung Pinang and Tanjung Bungah. The most sought after properties are in Georgetown which is the capital of Penang, Tanjung Tokong which is mere kilometres from the capital, Bukit Ferringhi which houses Penang's own Hard Rock Hotel and Cafe and Bukit Gambier which is an enclave of hillside homes.
Penang will make an interesting home as one of its main income is tourism. Food is the main attraction as it is said that every shop whether big, small or is free standing by the roadside, sells good food. Secondly will be their historical buildings that got Penang a place in the Unesco's heritage site listing. Third will be its places of worship for every religion, with the most talked about one being the Kek Lok Si temple which took more than 20 years to build. Other than that Penang is a fascinating place to walk about with its curious mix of the modern world mingling amongst history where even the street signs display the queer eccentricities of the Penang state.
Being one of the most prosperous state in Malaysia, Penang has a full range of facilities for medical centres, banks and shopping malls. Businesses in this state thrive abundantly, especially the entertainment line. First time motorists in this state may have trouble getting used to the roads within the city as they are all one way streets; therefore getting muddled will be no mean feat. Traffic congestion is bad especially during peak hours, and worsens during the holiday season partly due to the fact that public transportation is bad in Penang and trains are non-existent.
Penang Average Property Price
20 Most Searched
|Period||Property||Price (RM psf)||Net Change (Month)||% Change|
|Mar 2017||N-Park, Batu Uban||467.80||-28.39||-5.7|
|May 2017||Sunny Ville, Batu Uban||444.92||-47.13||-9.6|
|Jan 2017||Gurney Park, Gurney Drive||772.99||10.22||1.3|
|Jun 2017||Villa Emas, Bayan Indah||530.82||-56.68||-9.6|
|May 2017||BaysWater, Gelugor||691.19||-50.70||-6.8|
|Oct 2016||Desa Pinang 2, Jelutong||428.57||4.08||1.0|
|Jun 2017||Gold Coast, Bayan Indah||619.87||-7.28||-1.2|
|Jun 2017||E-Park, Batu Uban||489.88||30.07||6.5|
|Feb 2017||Springfield, Sungai Ara||530.19||70.73||15.4|
|Nov 2016||Vista Gambier, Bukit Gambier||590.72||26.62||4.7|
|Mar 2017||The Cove, Tanjung Bungah||499.44||1.52||0.3|
|Nov 2016||Pinang Court 1, Jelutong||367.18||42.50||13.1|
|Jan 2017||The View, Batu Uban||543.20||-18.23||-3.2|
|Nov 2016||1 Persiaran Gurney, Gurney Drive||730.93||-121.71||-14.3|
|Oct 2016||Gurney Beach, Gurney Drive||790.14||110.14||16.2|
|Feb 2017||Silverton, Gurney Drive||619.05||37.62||6.5|
|Nov 2015||Pinang Court 2, Jelutong||353.85||-184.61||-34.3|
|Jan 2017||H Residence, Gurney Drive||525.71||-4,533.11||-89.6|
|Jun 2017||Quayside, Seri Tanjung Pinang||906.53||-196.85||-17.8|
|Oct 2016||The Mayfair, Georgetown||800.00||83.93||11.7|
Last answer by Jess on 18/11/2011
Tagged in Bayu Ferringhi, Batu Ferringhi
Does Michelle Yeoh have a unit here?
Last answer by Ricky Leong on 28/10/2009
Tagged in Millennium Tower, Gurney Drive
Pricey new development. For who?
Tagged in The Cove, Tanjung Bungah
Finding 2 stores house
Tagged in Butterworth, Seberang Perai
Sunny Ville selling price history
Tagged in Sunny Ville, Batu Uban