Property Prices in Penang, Malaysia

Index Info
Price to Income Ratio: 8.84
Mortgage as Percentage of Income: 65.28%
Loan Affordability Index: 1.53
Price to Rent Ratio - City Centre: 27.41
Price to Rent Ratio - Outside of Centre: 24.96
Gross Rental Yield (City Centre): 3.65%
Gross Rental Yield (Outside of Centre): 4.01%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,370.97 RM 800.00-3,000.00
Apartment (1 bedroom) Outside of Centre 1,004.00 RM 500.00-3,200.00
Apartment (3 bedrooms) in City Centre 2,326.88 RM 1,500.00-3,500.00
Apartment (3 bedrooms) Outside of Centre 1,773.33 RM 1,100.00-3,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 742.09 RM 500.00-899.99
Price per Square Feet to Buy Apartment Outside of Centre 503.75 RM 400.00-631.74
Salaries And Financing
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Average Monthly Net Salary (After Tax) 3,793.00 RM
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 4.18 3.30-4.44

These data are based on 121 entries in the past 18 months from 22 different contributors.
Last update: April 2021

Sources and References
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