Free School, Green Lane

Free School is a freehold town located in Green Lane, Penang Island. This residential neighbourhood is named after the nearby Penang Free School. A big part of the area consists of low and medium cost flats. There are many amenities and eateries around but locals usually choose to eat at the Taman Free School Food Court. The food court also gained popularity among out-of-state visitors throughout the years.

The built-up available in this town is 1,600 sf to 5,000 sf for houses. Other neighbouring towns nearby are Bandar Sri Pinang, Botanic Gardens, Bukit Dumbar, Farlim, Green Lane, Gurney Drive, Han Chiang, Pulau Tikus and Scotland.

Property Type
Land Tenure
1,600 sf - 5,000 sf (House)
Market Price
RM940,000 - RM2,950,000 (House)
Completed In
Launch Price

This town has many amenities nearby, i.e. schools, hospitals and universities. The following are some of the main schools here:

As for hospitals, there are Georgetown Specialist Hospital, Georgetown Specialist Hospital (Formally Known As Carl Corrynton Medical Centre), Hospital Lam Wah Ee, Hospital Wad Psikiatri, Lam Wah Ee Hospital, Optimax Eye Specialist Hospital (Penang) and Penang General Hospital. There are also some universities here, for example Island College Of Technology, MSU College (Penang) and Penang Nursing College.

The current rental yield of Free School is 2.69% for houses. The highest rental yield ever recorded was 2.69% in Q1 2021 (house); while the lowest one was 2.5% in Q4 2020 (house). Meanwhile, the most common unit layouts and sizes available here are as follows:

House Layouts

The most popular layout and size (built-up) combination at Free School for houses is 5-bedroom / 3,000 sf with a median price of RM770 psf. For price wise, the most expensive one is 6-bedroom / 3,000 sf with a median price of RM870 psf; while the cheapest one is 4-bedroom / 3,000 sf with a median price of RM530 psf.

Latest Free School for sale listings:

20 Aug 2022Condominium900 sfRM480,000
27 Mar 2022Terrace-NA-RM379,080
24 Mar 2022Terrace-NA-RM413,100
22 Jan 2022Penthouse1,950 sfRM750,000
8 Jan 2022Terrace-NA-RM441,000
3 Jan 2022Terrace1,804 sfRM420,000
11 Jan 2022Terrace1,000 sfRM658,000
10 Jan 2022Condominium1,100 sfRM550,000
10 Jan 2022Condominium1,100 sfRM520,000
30 Dec 2021Condominium1,100 sfRM475,000

Latest Free School for rent listings:

29 Oct 2022Condominium700 sfRM750
29 Sep 2022Condominium1,100 sfRM1,400
28 Aug 2022Low-Cost Flat647 sfRM680
22 Aug 2022Condominium795 sfRM1,100
1 Aug 2022Condominium1,100 sfRM1,200
7 Jul 2022Condominium795 sfRM1,100
28 Jun 2022Condominium960 sfRM999
3 Jun 2022Low-Cost Flat700 sfRM699
14 May 2022Condominium1,100 sfRM1,300
6 May 2022Condominium1,100 sfRM1,300
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