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Sungai Pinang

Sale Price (RM PSF)

25th %
170
Median
297
75th %
468

Sale Price (RM per Unit)

25th %
115,000
Median
220,000
75th %
390,000

37 Projects/Townships (1,223 Transactions)

Serina Bay
Flat, Condominium/Apartment
443
313,000
Rumah Pangsa MPPP
Flat, Condominium/Apartment
145
90,000
Desa Pinang 2
Flat
98
53,500
Summer Place
Condominium/Apartment, Flat
569
630,000
The Spring
Condominium/Apartment
549
545,000
The Oceanview
Flat, Condominium/Apartment
459
410,000
Pinang Court
Flat, Condominium/Apartment
232
150,000
Kota Emas
Flat, Condominium/Apartment
454
318,000
Taman Nusantara Flat
Flat, Condominium/Apartment
150
96,500
Rumah Pangsa Sungai Pinang (Serendah)
Flat, Condominium/Apartment
192
90,000
27 more project available…
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Rent and Sale Prices in Sungai Pinang

Bedrooms Sale Price Monthly Rent Rental Yield
1 674,500 1,920 3.42%
2 702,398 2,110 3.6%
3 570,389 1,586 3.34%
4 861,260 2,425 3.38%
5 870,000 -- --
1 -- -- --
2 -- -- --
3 1,300,000 3,000 2.77%
4 1,766,667 -- --
5 2,100,000 -- --

Price per Square Foot in Sungai Pinang

Sector Price per ft2 (Non Landed) Price per ft2 (Landed)
Area Average 263 1,710
State Average 275 2,144

Highest Price Growth

Projects Annual Growth
Desa Pinang 2 0.21%
Taman Sin Chor Chit 0.12%
Desa Pinang 1 0.12%
Summer Place -0.01%

Lowest Price Growth

Projects Annual Growth
The Oceanview -0.18%
The Spring -0.06%
Rumah Pangsa MPPP -0.04%
Serina Bay -0.03%
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Overview

Sungai Pinang refers to the neighborhood on Penang Island situated between Sungai Pinang Road and its namesake Sungai Pinang River.  This neighborhood is close to Jelutong and George Town.

Sungai Pinang flows east, goes under the Tun Dr. Lim Chong Eu Expressway and empties into the Straits of Malacca where the Summer Place Condominium is located. The river was once atrociously polluted and neglected with garbage deposits. But all that changed with the Sungai Pinang Beautification Project launched in 2008 which involved filtering out garbage, the building of a new jetty for tourists and local fishermen, construction of a new Sungai Pinang Bridge, improving water quality and the ongoing flood mitigation project.

Property Types

Historically, the riverine settlements along the banks of Sungai Pinang consisted of Kedahan Malays, North Sumatrans, Indian Muslims and Indian Hindus who settled many centuries ago even before the island fell into the control of the British East India Company. Today there are many mosques and Hindu shrines along the river bank. Kampung Rawa, which falls within the neighborhood of Sungai Pinang, is formed from one such settlement where North Sumatrans settled. Many people along the banks have been resettled elsewhere while the deepening and widening of the river takes place. Aside from these settlements there are two large residential properties in the form of PRR Jalan Sungai, low-cost high-rise apartment, and Taman Sri Pinang, medium-cost apartment complex consisting of two 23-storey blocks. Jabatan Kerja Raya Pulau Pinang is a government department also located in this area.

Amenities and Facilities

Sungai Penang Food Court is very popular among locals for a wide variety of cuisine options offered by various stalls of which the East Coast BBQ has a particularly high reputation. Apart from this, there are other dining options at restaurants such as Curry Mee, Nona Bali Restaurant, Halaman Damai Tomyam & Seafood, Restaurant Hyderabad Recipe's Penang and Strawberry Forever Dessert Cafe.

More amenities and facilities are available for education, worship and shopping in the form of Penang Japanese School, SJK (T) Jalan Sungai, Masjid Jamek Kampung Rawa, Masjid Jamek Sungai Pinang, Masjid Makbul Sungai Pinang, St. John Britto Church, banks, several vehicle service & repair centers, car dealership, Pasar Basah Sungai Pinang, Tanah Lapang Jalan Sungai (park) and in the immediate vicinity within a 10-minute drive radius are amenities such as are Great Mark Mini Market, Patani Road Market, SMK Abdulla Munshi, Penang Free School, Kolej Han Chiang, Han Chiang High School, Hospital Pulau Pinang and Penang Times Square (shopping centre).

Accessibility and Transportation

It is accessible via Jalan Sungai Pinang, Jalan Jelutong and Tun Dr. Lim Chong Eu Expressway.


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.