Property Prices in Penang, Malaysia

Index Info
Price to Income Ratio: 8.85
Mortgage as Percentage of Income: 61.68%
Loan Affordability Index: 1.62
Price to Rent Ratio - City Centre: 26.44
Price to Rent Ratio - Outside of Centre: 22.76
Gross Rental Yield (City Centre): 3.78%
Gross Rental Yield (Outside of Centre): 4.39%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 1,510.74 RM 896.62-3,000.00
Apartment (1 bedroom) Outside of Centre 1,227.78 RM 750.00-1,800.00
Apartment (3 bedrooms) in City Centre 2,554.55 RM 2,000.00-4,000.00
Apartment (3 bedrooms) Outside of Centre 2,100.00 RM 1,500.00-4,000.00
Buy Apartment Price
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
Average Monthly Net Salary (After Tax) 4,077.78 RM
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.51 3.00-4.00

These data are based on 103 entries in the past 18 months from 17 different contributors.
Last update: March 2023

Sources and References
Sign Up for Our Newsletter:
Your Email Address:
Leave a comment:

Your name: Sign In

Your email address (optional):

Your comment (no HTML):

0 Comments so far