Property Prices in Penang, Malaysia

Index Info
Price to Income Ratio: 9.43
Mortgage as Percentage of Income: 69.67%
Loan Affordability Index: 1.44
Price to Rent Ratio - City Centre: 29.46
Price to Rent Ratio - Outside of Centre: 29.11
Gross Rental Yield (City Centre): 3.39%
Gross Rental Yield (Outside of Centre): 3.44%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,210.06 RM 800.00-1,800.00
Apartment (1 bedroom) Outside of Centre 804.00 RM 500.00-3,200.00
Apartment (3 bedrooms) in City Centre 2,218.75 RM 1,500.00-2,800.00
Apartment (3 bedrooms) Outside of Centre 1,646.67 RM 1,200.00-2,500.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 728.66 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) 3,515.22 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 23 different contributors.
Last update: July 2021

Sources and References
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