Property Prices in Penang, Malaysia

Index Info
Price to Income Ratio: 9.12
Mortgage as Percentage of Income: 66.10%
Loan Affordability Index: 1.51
Price to Rent Ratio - City Centre: 23.34
Price to Rent Ratio - Outside of Centre: 24.41
Gross Rental Yield (City Centre): 4.29%
Gross Rental Yield (Outside of Centre): 4.10%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,987.50 RM 1,000.00-4,000.00
Apartment (1 bedroom) Outside of Centre 1,357.14 RM 800.00-1,800.00
Apartment (3 bedrooms) in City Centre 3,342.86 RM 2,500.00-4,500.00
Apartment (3 bedrooms) Outside of Centre 2,442.86 RM 2,000.00-3,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 912.40 RM 743.22-1,199.99
Price per Square Feet to Buy Apartment Outside of Centre 671.50 RM 464.51-999.99
Salaries And Financing
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Average Monthly Net Salary (After Tax) 4,675.00 RM
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.96 3.00-4.50

These data are based on 70 entries in the past 18 months from 12 different contributors.
Last update: April 2024

Sources and References
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