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.
This town has many amenities nearby, such as universities, hospitals and schools. The following are some of the major universities here:
- Advance Tertiary College Penang (ATC)
- Despark International College Penang
- Disted College
- MSU College (Penang)
- MSU College Penang Annex C
- Penang Nursing College
- Ri Yaz College (Member Of Mvu Metaverse Universal Holdings)
- Segi College Penang
- Sense Perfect International College (Spic)
- Sentral College Penang
- Uow Malaysia Kdu Penang University College
- Wawasan Open University
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:
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:
| Date | Property Type | Built-up | Price |
|---|---|---|---|
| Today | Apartment | 1,003 sf | RM800,000 |
| Today | Studio | 424 sf | RM680,000 |
| 18 Mar 2023 | Condominium | 1,400 sf | RM1,500,000 |
| 9 Mar 2023 | Condominium | 1,643 sf | RM2,300,000 |
| 6 Mar 2023 | Condominium | 977 sf | RM1,012,500 |
| 26 Feb 2023 | Terrace | 3,000 sf | RM899,000 |
| 20 Feb 2023 | Condominium | 1,000 sf | RM689,000 |
| 24 Feb 2023 | Terrace | 2,433 sf | RM1,550,000 |
| 6 Feb 2023 | Shop-Office | 10,000 sf | RM5,999,999 |
| 4 Feb 2023 | Bungalow | -NA- | RM3,608,550 |
Latest Georgetown rental listings:
| Date | Property Type | Built-up | Rental |
|---|---|---|---|
| Today | House Room | -NA- | RM780 |
| Today | Room | -NA- | RM530 |
| Today | Medium Room | -NA- | RM520 |
| Today | Medium Room | -NA- | RM650 |
| Today | Master Room | -NA- | RM550 |
| Today | Apartment Room | -NA- | RM550 |
| Today | Single Room | -NA- | RM500 |
| Today | House Room | -NA- | RM600 |
| Today | Medium Room | -NA- | RM470 |
| Today | Single Room | -NA- | RM570 |