Penang Property Market Analysis

35,521 properties across 5 districts

MEDIAN PRICE

RM 625,068

PSF: RM 0

Explore comprehensive property market data for Penang. Our platform analyzes 35,521 property transactions from 2021 to 2025, providing investors and buyers with crucial market insights. The median property price in Penang is RM 625,068 with a median price per square foot of RM 0. Use our data to identify investment opportunities, track price trends, and make informed property decisions in Penang's dynamic real estate market.

State Overview

Median Price

RM 625K

RM 417K

RM 834K

RM 435K

RM 815K

Typical Range (MAD)

Median PSF

⚠️ Data Missing

Required metrics not available in database:

• Median Price: 0

These metrics should be populated in the locations table with the appropriate suffix (_all, _residential, _commercial)

📈 Growth Performance

Price Growth (CAGR)

-0.56%

2021 - 2024

Start Price: RM 420,000

End Price: RM 413,000

PSF Growth (CAGR)

+3.57%

2021 - 2024

Start PSF: RM 324.00

End PSF: RM 360.00

Growth Insights: This state has experienced price decline. PSF shows steady growth.

📊 Market Analysis

Price Range

RM 17,000 - RM 80,000,000

Price Volatility

203.3% High

Size-Price Correlation

0.36 Moderate

Property Mix

Very Diverse (3.42)

🔍 Advanced Analytics

Price Skewness

23.33 Right-tailed

Price Kurtosis

930.3 High outliers

Size-Price R²

0.131

Dominant Type

Condominium/Apartment

Property Types Available:

1 - 1 1/2 Storey Semi-Detached 1 - 1 1/2 Storey Shop 1 - 1 1/2 Storey Terraced 2 - 2 1/2 Storey Semi-Detached 2 - 2 1/2 Storey Shop 2 - 2 1/2 Storey Terraced 3 - 3 1/2 Storey Shop 4 - 4 1/2 Storey Shop 5 - 5 1/2 Storey Shop 6 - 6 1/2 Storey Shop Cluster House Condominium/Apartment Detached Detached Factory/Warehouse Flat Industrial Unit Low-Cost Flat Low-Cost House Office Lot SOHO/SOFO/SOVO Semi-Detached Factory/Warehouse Service Apartment Shop Unit/Retail Lot Terraced Factory/Warehouse Town House