Property Prices in Penang, Malaysia

Index Info
Price to Income Ratio: 9.80
Mortgage as Percentage of Income: 68.80%
Loan Affordability Index: 1.45
Price to Rent Ratio - City Centre: 31.40
Price to Rent Ratio - Outside of Centre: 26.61
Gross Rental Yield (City Centre): 3.18%
Gross Rental Yield (Outside of Centre): 3.76%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,165.23 RM 600.00-1,800.00
Apartment (1 bedroom) Outside of Centre 990.00 RM 500.00-3,200.00
Apartment (3 bedrooms) in City Centre 2,385.71 RM 2,000.00-3,500.00
Apartment (3 bedrooms) Outside of Centre 1,928.57 RM 1,400.00-3,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 787.57 RM 500.00-1,199.99
Price per Square Feet to Buy Apartment Outside of Centre 553.75 RM 400.00-799.99
Salaries And Financing
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Average Monthly Net Salary (After Tax) 3,683.33 RM
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.60 3.00-4.10

These data are based on 74 entries in the past 18 months from 11 different contributors.
Last update: July 2022

Sources and References
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