What is the average cost of housing in Penang?

If you are thinking about moving to Penang, cost of living in probably a key consideration. Expats commented about the cost of housing...

"The cost of housing in Penang varies depending on the location and type of property. Generally, the average cost of housing in Penang is considered to be relatively affordable compared to other cities in the region. Renting an apartment in Penang can cost anywhere from 500 to 1,500 Malaysian Ringgit (MYR) per month, while buying a house can range from 500,000 to 1,500,000 MYR," wrote a member who made the move to Penang, Malaysia.

William Russell
Get Quote

William Russell's private medical insurance will cover you and your family wherever you may be. Whether you need primary care or complex surgery, you'll have access to the best hospitals & doctors available. Unlike some insurers, we also include medical evacuation and mental health cover in our plans (except SilverLite). Get a quote from our partner, William Russell.

William Russell

"It's higher. A good furnished apartment in Georgetown would cost around RM.1500-3500 ($450 - 1100)," explained one expat living in Penang, Malaysia.

What is the average cost of housing in Penang?

If you live in Penang, newcomers to Penang would love to hear your answer to this question.