Property Prices in Penang, Malaysia

Index Info
Price to Income Ratio: 7.88
Mortgage as Percentage of Income: 57.24%
Loan Affordability Index: 1.75
Price to Rent Ratio - City Centre: 25.24
Price to Rent Ratio - Outside of Centre: 17.27
Gross Rental Yield (City Centre): 3.96%
Gross Rental Yield (Outside of Centre): 5.79%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 1,737.50 RM 1,000.00-4,000.00
Apartment (1 bedroom) Outside of Centre 1,362.50 RM 800.00-1,800.00
Apartment (3 bedrooms) in City Centre 3,311.11 RM 2,400.00-6,000.00
Apartment (3 bedrooms) Outside of Centre 2,677.78 RM 2,000.00-5,000.00
Buy Apartment Price
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 496.53 RM 371.61-999.99
Salaries And Financing
Average Monthly Net Salary (After Tax) 4,810.00 RM
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.98 3.00-4.50

These data are based on 81 entries in the past 18 months from 14 different contributors.
Last update: October 2023

Sources and References
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