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Greenlane

Sale Price (RM PSF)

25th %
316
Median
444
75th %
566

Sale Price (RM per Unit)

25th %
250,000
Median
420,000
75th %
865,000

21 Projects/Townships (1,074 Transactions)

Island Glades
Terrace House, Semi-Detached House, Detached House, Low-Cost House
575
957,500
Krystal Heights
Flat
211
100,000
Island Park
Terrace House, Semi-Detached House, Detached House
542
1,175,000
Greenlane Heights (Kingfisher Series)
Flat, Condominium/Apartment
532
372,000
Greenlane Park Condominium
Condominium/Apartment, Flat
550
482,500
Greenlane Heights Block J (Jay Series)
Flat, Condominium/Apartment
540
377,500
Menara Greenview
Condominium/Apartment
412
500,000
Greenlane Heights Block 3
Flat, Condominium/Apartment
398
270,000
Greenlane Heights Block H
Flat
199
113,000
Taman Lembah Hijau
Flat, Condominium/Apartment
458
325,000
11 more project available…
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Rent and Sale Prices in Greenlane

Bedrooms Sale Price Monthly Rent Rental Yield
1 -- -- --
2 302,313 865 3.43%
3 528,153 1,289 2.93%
4 1,185,203 3,357 3.4%
5 1,382,572 3,553 3.08%
1 7,000,000 -- --
2 2,000,000 -- --
3 1,327,615 1,708 1.54%
4 1,641,831 2,224 1.63%
5 1,926,176 2,919 1.82%

Price per Square Foot in Greenlane

Sector Price per ft2 (Non Landed) Price per ft2 (Landed)
Area Average 329 2,612
State Average 275 2,144

Highest Price Growth

Projects Annual Growth
Greenlane Heights Block H 0.06%
Greenlane Heights Block 3 0.04%

Lowest Price Growth

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Overview

Green Lane, situated on Penang Island, refers to the residential area around a major road of the same name that leads out of George Town. Although it has been officially renamed as Jalan Masjid Negeri, locals still stick to its old name. It used to be a quiet country lane before the land around Green Lane was developed in the 1950s as one of the foremost suburbs of George Town when the Bayan Lepas industrial estate was established.

Property Types

Back in the day, Green Lane was occupied by a small farming community which was gradually replaced by many housing estates and properties including but not limited to Taman Greenview – double-storey terrace houses and semi-detached houses, Taman Green Lane & Taman Hutchings – single-storey terrace houses, Island Glades – mix of single-storey and double-storey terrace/link houses and condominiums, Condo Gembira – 10-storey condominium, Greenlane Park – two blocks of 27-storey condominiums, Central Park – five 36-storey blocks and one low-rise block of condominiums, Greenlane Heights – large residential development consisting of several condominiums (Flamingo Series, Jay Series, Kingfisher Series, Block G), apartments (Block A, B & H and Taman Lembah Hijau) and Greenlane Heights Market poplar for its wet market and food court.

Amenities and Facilities

The most notable landmark in the area was the Penang Free School. But over the years together with increased development followed an increased demand for facilities and other landmarks appeared making this area invaluable to the people in the area and neighboring areas. Religious places – Holy Spirit Cathedral, Trinity Methodist Church, Penang State Mosque, Hong Sun Seah Temple, Wat Nai and Wat Pinbang-Onn; educational institutions – Convent Green Lane, Han Chiang High School and Chung Hwa Confucian High School;  healthcare facilities – Lam Wah Ee Hospital, Optimax Eye Specialist Hospital, Sim Children & Child Heart Clinic and Carl Corrynton Medical Centre; and important organizations – Young Women’s Christian Association (YWCA), World Red Swastika Society (Buddhism and Taoism based organization similar to Red Cross) and Cerebral Palsy (Spastic) Children's Association of Penang are some of the important places that offer services to the locals.

Additional amenities and facilities in close proximity to Green Lane include several petrol stations, vehicle dealerships, Gembira Parade shopping mall (mostly beauty product outlets), Batu Lanchang Market, clinics, banks, eateries, beauty parlors and a fitness centre.

Accessibility and Transportation

Today, Green Lane is a triple-lane road which has a highly congested traffic flow, even with the presence of many overpasses such as the Hamilton Road Flyover, Batu Lanchang Autopont Bridge and the Green Lane-Scotland Road Flyover, which makes it easily accessible. Green Lane begins with the Green Lane-Scotland Road Flyover at the intersection between Scotland Road and Air Itam Road and terminates just past the Udini Underpass at the roundabout connecting Gelugor to Highway.


Note: Whilst every effort has been taken to ensure the above information is up to date, some inaccuracies may occur. If you notice any inaccuracies please contact [email protected] All information was correct at time of publication and is provided in good faith.