Real Estate in Penang, Malaysia

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.

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 expat in Penang.

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About the Author

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.