Penang, Malaysia
Penang is a state of Malaysia that is located in the northern region of the country peninsula. Even though Penang is a state but it seems more like a metropolitan area of Penang, as this tiny state has only the size of a big city. The population of Penang is around 2 millions, and is the only state in Malaysia that has a Chinese majority population. The public transportation in Penang is not very well built, as the state is run by the opposition government, henceforth is often neglected of federal funding.
Penang consists of both the Penang Island and the mainland, Seberang Perai. Penang's capital city, Georgetown is a UNESCO World Heritage site together with Melaka. Penang has been named the Food Paradise of Asia because of its mouth-watering, diverse, and exotic mix of Malay, Chinese and Indian cuisine. It is one of the main items on the checklist of everyone that visits Penang. The locals converse in the Penang Hokkien dialect in the state. Even though Hokkien is a Chinese dialect, it is common in Penang for the people of different ethnicity to also use it in their daily communication.
As for the real estate market, Penang has one of the least affordable housing markets in the country due to its scarce land mass. Besides, the persistent high property prices here are also due to the abundance of high-income workers from the manufacturing multinationals based in Penang. As for foreigners, they usually prefer to buy one of those beach condos and houses in the coastal areas of Penang; namely Batu Ferringhi and Gurney Drive.
The following shows the residential property transactions in Penang over the last few years:
In order to curb property speculation, however Penang has one of the least foreigner-friendly real estate investment policies by the state government. There is a minimum price of RM1 million for high-rise residential properties and up to RM2 millions for landed residential properties when purchased by foreigners.
Over the years, Penang has become a prominent tourist spot that attracts people from all around like ants to a pile of sugar. Penang's population density is also one of the highest in the nation which leads to a major problem of congested roads. In addition to the traffic that occured in tourist spots, the condition worsens before and after working hours where individuals would require to travel within as well as in and out of the island for work purposes. To address the issue, the Penang Transport Master Plan (PTMP) which costs about RM46 billion was introduced. The first phase of the project which includes the Pan Island Link 1 (PIL 1) highway, the Bayan Lepas light rail transit system (LRT) and a few major highways has been approved in November 2018. Property prices on the mainland are expected to rise with the help of the PTMP.
Latest Penang for sale listings:
| Date | Type | Built-up | Price |
|---|---|---|---|
| Today | Condominium | 1,313 sf | RM720,000 |
| Today | Condominium | 667 sf | RM270,000 |
| Today | Bungalow | -NA- | RM729,000 |
| Today | Condominium | 550 sf | RM448,000 |
| Today | Condominium | 1,100 sf | RM560,000 |
| Today | Condominium | 1,033 sf | RM870,000 |
| Today | Condominium | 1,313 sf | RM885,000 |
| Today | Condominium | 657 sf | RM260,000 |
| Today | Low-Cost Flat | 657 sf | RM230,000 |
| Today | Condominium | 850 sf | RM320,000 |
Latest Penang for rent listings:
| Date | Type | Built-up | Rental |
|---|---|---|---|
| Today | Condominium | 600 sf | RM1,200 |
| Today | Condominium | 500 sf | RM1,150 |
| Today | Room In Apartment | -NA- | RM460 |
| Today | Room | -NA- | RM300 |
| Today | Room In Apartment | -NA- | RM250 |
| Today | Room In Apartment | -NA- | RM300 |
| Today | Condominium | 2,397 sf | RM6,800 |
| Today | Condominium | 3,237 sf | RM7,000 |
| Today | Room In Apartment | -NA- | RM520 |
| Today | Room In Apartment | -NA- | RM480 |
Upscale design of units with private lifts
Residents with card only allow to use the facilities. And to apply for the card, residents normally have fo wait for months. I am renting one of the units, the day I moved in i was stopped by guard and denied entry. Reason given is they suspected I am renting one of the units as service apartment or b&b. As B&B is NOT ALLOWED here. The guard house team are very rude and not friendly. They clamp your visitors car if more than 1 hour and demand for money, owners despise tenants who are renting the place, politics and gossips, etc etc....
Older building with beautiful sunset views, walking distance from the beach, has little pool, older gym, squash court and table tennis table in the building, 24/7 security and underground parking. A quiet and peaceful place surrounded by big trees.
Good development. Won award as 2016 best high rise development.
Each floor having 2 units of house only, which makes them very big. View from balcony direct to sea view. Go down to lobby will give you direct access to beach for you walk or relax activities. Very peaceful and secure place.
The facilities look amazing (with the pool, gym and etc) but they are not well-maintained. The number of mosquitoes that reside in their pond is pretty alarming. Yea, there is supposedly free Wi-Fi in the gym, but it's at the expense of your arms and legs. Not only that, maintenance isn't really trying to fix the doors on the fifth floor, leaving the P floor unguarded.
Great views from condo, amazing pools but tiny over-crowded gym. Location next to Straits Quay so very convenient. Security is really high (pros and cons, and very topical with some residents) to the point that even if management know your face and name and see you every-single-day, you have to show your ID card every time! The place is very well kept by a great ground team but sometimes (as mostly the renters) you just want to live, impulsively invite your friends over (you can't on Saturdays if you haven't registered them beforehand because office is closed!!).
Indian managements, committees, guards, and mostly Indian residents. What do u expect? Rubbish, parking, vandalism, and safety issues. The police can't do anything. 10 years i stayed here everything getting worst n worst, no improvement at all.
Serious failed big time.
Such rubbish design, senget here & there.
Used to own a unit here, and the view from high floor was excellent. It was one of the tallest apartment in Penang.
Foods at hawker stall beside the road is not bad.
Parking lots are limited. Might have to park on the roadside if the household have more than one vehicle.
One of the favorites among USM expat students.
Beautiful place.. Love everything except for the rush hour jam.
Management should probably do something about those half completed pillars on the top floor.
Parking system here is a nightmare... The density is so high to the point where people need to double-park anywhere possible and leave the handbrake loose in case the other person wants to leave the parking spot. So always need to choose between 'to block' or 'to be blocked'.
Very old and seems to be overrun with vacationers and homestays right now, which is illegal.
Was there on 2 Nov 2019. A lady jump off building and died. Landed near to the kid's pool. Didn't witness the jump but did saw the corpse. Not a decent day for me.
Traffic after working hours is bad. Overflow from the coastal highway together with cars parking by the roadside jams up the narrow service road, making it difficult to access N Park. Hawker stalls at entrance worsen the situation.
Construction of new condo block positioned directly facing N Park threatens to block the beautiful seaview from the balcony.
Problematic management. Do not get a property here. Nice building but troublesome management. Trying to kill off all the shoplot below by blocking access. Refused to listen to residents and tenants of the shoplots.
There is nobody using the basketball court yet we are only allowed a maximum of 2 hours when there is literally no one else playing. After 2 hours, the guards will ask us to go politely but the management is not good. Should fix this problem.
Well-design residential area with triple storey terrace. Some of TARC students will rent as their hostel here.
This condominium is a mixed of affordable housing which they will never mentioned to you. Do not get cheated when they try to mention that this is a premium condominium, and do not ever buy this unit if you are expecting a premium or quality condominium. The external image may look attempting and nice but in reality, their building materials are cheap and poor quality that cause the paint crack everywhere. On top of that, the sales person SAW will turn from a polite to terrible attitude after you purchased the unit when you have encountered many flaws for the unit, and request them to fix it. The issue will not be entertained but brush it off by mentioning these are small issues when it is not.
Good location good facilities but abused by many doing airbnb and homestay. Many outsiders arab and locals don’t follow rules in using the pool and very noisy and mess up. Outsiders argue with homeowners and regret to buy here. Management and guards must be strict to check no homestay and airbnb operate.
Feels emotionally shattered as i noticed after paying a deposit of the house in block A that, we are not allowed to use all facilities at a different block. The main reason we are renting the house in tri pinnacle is because of the top view of the pool. Kindly ensure to ask the agent that if u are decided to use the facilities, make sure that u are staying in block B or C. This is the first time i'm renting a condo with a separated location of facilities. So frustrated that i have to wait for another year without going to the pools & gym.
This area is located near the Durian Tunggal town. There are multiple double storey shop lots located here that provide amenities such as convenience stores, eateries, supermarkets, and wet markets.
Normally used for family vacation via agoda and booking. Visitors are usually Malays.
There are quite a number of the units here that are rented out as short stay homes. The peaceful nights of the residents here are occasionally disturbed by them.
This project is a failure. It has either been abandoned at the final stage or the houses has been wrecked. The houses have been left unattended with overgrown trees and plants. The number of units that are actually cared for can be counted with one hand.
Luxurious seaside property but there is a mosque beside it and it usually poses as a problem for light sleepers.
Nearby 300m got big big chicken, river also overflow when raining.
May I know Taman Bukit Minyak near to Taman Sentul Jaya Juru ?