Penang’s robust residential offerings in 2025–2029 delineated in EdgeProp’s newly launched special report

• Homebuyers looking at Penang’s mainland can expect a surge in new property launches between 2025 and 2029, with a total of 84 new projects set to bring 19,176 units to the market, according to EdgeProp’s special report: “PENANG Investing Towards 2030”.

KUALA LUMPUR (Aug 22): Penang’s residential landscape is evolving steadily, with notable differences between the island and the mainland in terms of market dynamics and housing trends.

Homebuyers looking at Penang’s mainland can expect a surge in new property launches between 2025 and 2029, with a total of 84 new projects set to bring 19,176 units to the market, according to EdgeProp’s special report: “PENANG Investing Towards 2030”.

The report shows a clear split between Penang Island and the mainland. The mainland is dominated by landed homes, mostly priced between RM300,000 and RM600,000, catering to young families and first-time buyers. Nearly half of the properties in Seberang Perai fall within this price range. Notably, new developments are concentrated near major transport and industrial hubs here such as Batu Kawan, Bukit Minyak, Juru, and Perai, with easy access to the Penang Bridge, North-South Expressway and the Batu Kawan Industrial Park.

Interestingly, both the island and mainland share almost the same percentage of new launches within the RM601,000–RM900,000 range, at 29% and 27% respectively. 

However, Real Estate and Housing Developers’ Association (Rehda) Penang chairman Datuk Khoo Teck Chong highlighted that the demand for homes within this mid-upper price range still exceeds the supply.

“That middle gap—RM600k–RM800k pure residential—is what’s lacking,” Khoo told EdgeProp in an exclusive interview in the report.

Meanwhile, options in the luxury segment are more focused on the island, with 13% of new launches here above RM1.2 million, compared to only 5% on the mainland.

Seberang Perai Utara leads in landed homes

On the mainland, Seberang Perai Utara will see 21 landed home projects and six high-rise developments. Affordable options include Pangsapuri Seri Tawar Permai, offering 900 sq ft units from RM225,000; and Sena Mas @ Tasik Gelugor, offering 935 sq ft units from RM200,000.

Mid-range options (RM300,001–RM600,000) include Marina Residence @ Air Tawar, Taman Ara Suria, and D’Aleena, while luxury buyers can consider Residensi Bertam priced from RM1.22 million.

Seberang Perai Tengah: high-rises take the lead

In Seberang Perai Tengah, high-rises dominate with 16 new projects, with the biggest project contributed by SkyWorld Development Bhd. SkyWorld Pearlmont is part of Malaysia’s largest affordable housing project, with units priced from RM323,000. Comprising 1,846 units, it is sited in Seberang Jaya, a township that will span over 34 acres,

The project also marks a first for Penang: full adoption of Prefabricated Prefinished Volumetric Construction (PPVC).

“With PPVC, we can keep costs down through volume while still offering customisation and better quality,” SkyWorld chief executive officer Lee Chee Seng told EdgeProp in an exclusive interview in the special report.

Other projects within the affordable range include Maya Residensi (213 units, from RM388,500), and Pangsapuri Pinggiran Machang Bubok 2 (580 units, from RM378,014).

Landed homes remain popular with 21 projects, such as those in Taman Camellia, Taman Jasa Intan, and Paramount Embun Hills, offering units from RM473,000 up to RM803,000.

Seberang Perai Selatan: mix of affordable and mid-range homes

The southern district will see 18 landed projects and five high-rises, with standout developments including Eco Ceria (1,000 serviced apartments, from RM510,370), and Savana (912 serviced apartments, from RM574,000),

For families looking for mid-range pricing landed homes, the list includes Taman Damai Setia and Taman Ilmu Phase 4 (RM368,800–RM581,100), as well as Vila Botani @ Pearl City (510 semi-detached units, from RM512,000).

Balancing affordability and lifestyle

Overall, the diversity of offerings in Seberang Perai reflects the continued appeal of mainland Penang as a practical alternative to the island. Buyers can expect a strong focus on affordable to mid-range landed homes with convenient access to major transport and industrial hubs.

Penang island to see 11% landed and 89% high-rise projects in upcoming launches

On the island, new launches are shaping the outlook for both landed and high-rise developments across Daerah Barat Daya and Daerah Timur Laut.  

In Daerah Barat Daya, areas such as Bayan Lepas, home to the Penang International Airport and the Free Industrial Zone; Balik Pulau, known for its agricultural produce and countryside appeal; and Teluk Kumbar, a growing coastal settlement, stand out as notable locations.

Here, a total of three landed projects are scheduled for completion between 2025 and 2028. These include Seri Bayu 2b2 (Bayu Trisha) by JKP Sdn Bhd, Begonia by MTT Properties & Development Sdn Bhd, and Queens Residences Q3 by Ideal Gim Venture Sdn Bhd.

The projects primarily comprise terrace homes, with built-ups ranging from 1,045 sq ft to 1,442 sq ft. Prices start from RM845,000, placing them largely in the mid- to upper-mid market segments. Queens Residences Q3, due for completion in 2028, stands out with 532 units of terrace homes starting from RM997,500, reflecting a tilt towards premium landed offerings in the district.

This limited supply of landed projects underscores the growing challenge of land availability in the southwest region, where urbanisation and rising demand have typically favoured high-rise developments.

Premium landed living in Daerah Timor Laut

In Daerah Timur Laut, key landmarks include George Town, the Unesco World Heritage Site celebrated for its cultural significance; Gurney Drive, a popular seafront stretch lined with a food galore, malls and residences; and Tanjung Tokong, a prominent residential and commercial hub.

Here, two high-value landed projects are lined up within the 2026–2028 period. Both developments target the luxury market, priced above RM3 million.

The first, FERA by E&O Bhd, comprises 36 semi-detached units with a built-up size of 4,262 sq ft, starting at RM3.62 million. Scheduled for completion in 2026, it reinforces E&O’s positioning in the high-end segment.

Meanwhile, Jesselton Courtyard at Jesselton Selatan, by Berjaya Land Development Sdn Bhd, will offer 239 bungalow and semi-detached units from 2,734 sq ft, starting at RM3.32 million. This project, set for 2028, adds scale to the district’s luxury landed housing stock.

Together, these developments highlight a distinct contrast between Daerah Barat Daya, where landed projects remain mid- to upper-mid market, and Daerah Timur Laut, where new landed supply is firmly positioned in the luxury tier. 

High-rise supply continues to dominate

Despite the presence of landed projects, both districts remain primarily driven by high-rise launches.

Daerah Barat Daya is set to see 13 new high-rise projects, including notable names such as Havana Beach Residences, Treeo, Sunway Dora, and Avion, spanning a wide pricing spectrum from RM200,000 to 797,648 million. Unit sizes range from compact studios of 488 sq ft to larger family-oriented layouts of over 1,100 sq ft.

Meanwhile, Daerah Timur Laut will introduce 27 new high-rise projects, ranging from affordable offerings such as Green City Residence (from RM200,000) to luxury developments like Lightwater Residences and The Anton, with prices between RM2.4 million to RM4.07 million.

This strong pipeline underscores Penang’s ongoing reliance on vertical living, particularly in land-constrained areas. The divergence between affordable high-rise homes and luxury landed projects reflects the dual-track nature of demand in the state.

To get more details on Penang’s new property launches, download the full “PENANG Investing Towards 2030” report.

Disclaimer: Please note that new launch data for 2025–2029 are current as of mid-August, 2025, and may be subject to change by future market updates.

As Penang girds itself towards the last lap of its Penang2030 vision, check out how the residential segment is keeping pace in EdgeProp’s special report: “PENANG Investing Towards 2030”.