Georgetown, Penang Island

Georgetown (also known as George Town) is a town that is located in Penang Island, Penang. It is the capital city of the state and some part of it has been designated by UNESCO as a World Heritage Site since 2008. It is also the most traffic congested area because people go into the area for entertainment, food, and shopping.

The built-up available in this town is 980 sf to 6,500 sf for houses. Other neighbouring towns nearby here are Bandar Sri Pinang, Botanic Gardens, Bukit Dumbar, Green Lane, Gurney Drive, Jelutong, Penang Turf Club and Pulau Tikus.

Property Type
Land Tenure
980 sf - 6,500 sf (House)
Market Price
RM390,000 - RM21,980,000 (House)
Total Units
Completion Date
Launch Price

This town has many amenities nearby, such as universities, hospitals and schools. The following are some of the major universities here:

As for hospitals, there are Gleneagles Hospital Penang, Health & Medical Section Penang Port, Island Hospital, Lam Wah Ee Hospital, Lam Wah Ee Hospital Tcm Branch, Optimax Eye Specialist Hospital (Penang), Peace Medical Centre, Penang Adventist Hospital and Penang General Hospital. There are also some schools here, e.g. Penang Free School, SK Jelutong Barat, SMK Hutchings, SRJK (C) Union and Sekolah Menangah Kebangsaan Agama (Perempuan) Al Mashoor.

The current rental yield of Georgetown is 1.85% for houses. The highest rental yield ever recorded was 2.38% in Q1 2014 (house); while the lowest one was 0.93% in Q3 2017 (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 Georgetown for houses is 5-bedroom / 5,000 sf with a median price of RM1,160 psf. For price wise, the most expensive one is 8-bedroom / 4,094 sf with a median price of RM5,370 psf; while the cheapest one is 2-bedroom / 980 sf with a median price of RM400 psf.

Latest Georgetown sale listings:

DateProperty TypeBuilt-upPrice
TodayApartment1,003 sfRM800,000
TodayStudio424 sfRM680,000
18 Mar 2023Condominium1,400 sfRM1,500,000
9 Mar 2023Condominium1,643 sfRM2,300,000
6 Mar 2023Condominium977 sfRM1,012,500
26 Feb 2023Terrace3,000 sfRM899,000
20 Feb 2023Condominium1,000 sfRM689,000
24 Feb 2023Terrace2,433 sfRM1,550,000
6 Feb 2023Shop-Office10,000 sfRM5,999,999
4 Feb 2023Bungalow-NA-RM3,608,550

Latest Georgetown rental listings:

DateProperty TypeBuilt-upRental
TodayHouse Room-NA-RM780
TodayMedium Room-NA-RM520
TodayMedium Room-NA-RM650
TodayMaster Room-NA-RM550
TodayApartment Room-NA-RM550
TodaySingle Room-NA-RM500
TodayHouse Room-NA-RM600
TodayMedium Room-NA-RM470
TodaySingle Room-NA-RM570
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