×
Interested in our Partner Program for businesses or our Local Guide Program for experienced expats and digital nomads? Click here to learn more.
Real Estate in Penang, Malaysia | Expat Exchange
Expat Exchange
Free MembershipSign In
View of George Town, Penang, Malaysia

Real Estate in Penang, Malaysia

By Joshua Wood, LPC

Last updated on Mar 03, 2023

Summary: The most desirable neighborhoods in Penang, Malaysia are Tanjung Bungah, Tanjung Tokong, Gurney Drive, and Batu Ferringhi. On average, a nice 2 bedroom home in Penang costs around $200,000 USD, while a nice 3 bedroom home costs around $300,000 USD. These properties typically include modern amenities such as air conditioning, swimming pools, and private gardens. Foreigners are allowed to purchase properties in Penang, however, they are subject to certain restrictions. For example, foreigners are not allowed to purchase properties in certain areas, such as military zones. When searching for a home to buy in Penang, expats should consider their budget, desired location, and amenities. They should also research the local real estate market and consult with a real estate agent to ensure they are making the best decision.

SJB Global
SJB Global
SJB Global
SJB Global

How do I find a place to live in Penang?

We asked expats how they chose their neighborhood and found a place to live. They answered:

"One of the best ways to find a place to live in Penang is to use online resources such as property websites, classifieds, and social media groups. You can also search for rental listings in local newspapers and magazines. Additionally, you can contact real estate agents in the area to help you find a suitable place to live. Additionally, you can ask friends and family who live in Penang for recommendations. Finally, you can also visit the area in person to get a better feel for the different neighborhoods and to find a place that suits your needs," said one person in Penang.

Answer this Question

The TEFL Institute of IrelandThe TEFL Institute of Ireland
Learn More

The TEFL Institute of Ireland operates under European standards of education, which are renowned and respected worldwide. Once you complete the course, you will receive a globally recognised certificate, which is a passport to teaching English worldwide and online. Teach English Online In Less Than 3 Weeks - Ditch the 9-5 job and start living life on your terms by teaching English online. Whether you want to travel the world or crave the flexibility of working from home, teaching online gives you the freedom you need.

The TEFL Institute of IrelandThe TEFL Institute of Ireland

The TEFL Institute of Ireland operates under European standards of education, which are renowned and respected worldwide. Once you complete the course, you will receive a globally recognised certificate, which is a passport to teaching English worldwide and online. Teach English Online In Less Than 3 Weeks - Ditch the 9-5 job and start living life on your terms by teaching English online. Whether you want to travel the world or crave the flexibility of working from home, teaching online gives you the freedom you need.
Learn More

What is a typical expat home or apartment like in Penang?

Please login to continue reading this article.

Not a member? Join Today (it's free).

About the Author

Joshua Wood Joshua Wood, LPC joined Expat Exchange in 2000 and serves as one of its Co-Presidents. He is also one of the Founders of Digital Nomad Exchange. Prior to Expat Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.

Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.

View of George Town, Penang, Malaysia

SJB Global
SJB Global

SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
Learn More

SJB GlobalSJB Global

SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
Learn More

Contribute to Malaysia Network Contribute
Help others in Malaysia by answering questions about the challenges and adventures of living in Malaysia.

SJB Global
SJB Global

Copyright 1997-2024 Burlingame Interactive, Inc.

Privacy Policy Legal Partners & Local Guides