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Penang parking rates to increase by 50% starting March 2025

Property News/ 27 November 2024 Leave a comment

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The Penang Island City Council (MBPP) has announced a 50% increase in parking rates on Penang Island, effective March 2025.

Mayor Rajendran Anthony explained that the adjustment is necessary to fund the maintenance of smart parking sensors and system upgrades under the Penang Smart Parking initiative.

Under the new rates, parking fees will rise to 60 sen for 30 minutes, RM1.20 per hour, and RM9 for a full day. The last adjustment was in 2014, marking a significant gap since the previous increase in the 1990s.

The revised rates will apply to all 19,000 parking spaces on the island. Meanwhile, the cost of annual parking passes will decrease from RM1,800 to RM1,200 starting March 1, though monthly passes will remain at RM150.

This measure aligns with MBPP’s efforts to enhance parking facilities and technology for better user convenience.

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