Penang’s property market in 2025 saw a good number of high-value transactions in the secondary (subsale) market, signalling continued demand for prime locations, spacious homes, and exclusive developments.
Even as the bulk of transactions remain in the mid-range, these premium deals spanning landed properties and luxury condominiums, highlight where affluent buyers are focusing their attention.
As expected, Gurney Drive continues to feature prominently, maintaining its status as one of Penang’s most sought-after residential addresses.
Here are the five most expensive residential transactions recorded this year:
#1 – Logan Road Bungalow Lots – RM10.5 Million
Topping the list is a rare transaction involving two adjoining bungalow lots along Logan Road, with existing 3-storey buildings sitting on a combined land area of approximately 12,000 sq.ft.
This deal stands out not just for its price, but for its land value proposition. Located within the highly sought-after George Town vicinity, Logan Road is known for its low-density character and proximity to Pulau Tikus and Gurney Drive.
#2 – 8 Gurney (29th Floor) – RM6.23 Million
The second spot goes to a luxury unit at 8 Gurney, with a massive built-up of 10,775 sq.ft., transacted at RM6.23 million.
This transaction reflects continued demand for ultra low-density, large-format seafront residences, a niche segment that remains tightly held. Units of this size are rarely available in newer developments, further enhancing their exclusivity.
High-rise luxury along Gurney Drive continues to command premium pricing due to its uninterrupted sea views, central location, and lifestyle appeal.
#3 – Beverly Heights Bungalow (Bukit Gambier) – RM5.5 Million
A 4-storey bungalow in Beverly Heights, Bukit Gambier, was transacted at RM5.5 million, representing one of the top landed deals on the island’s central belt.
With a built-up of 4,500 sq.ft., this property sits within a gated and guarded scheme, offering privacy while maintaining accessibility to Bayan Lepas industrial hub and George Town.
#4 – Gurney Paragon Residence (17th Floor) – RM5.0 Million
Another Gurney Drive entry makes the list, with a high-floor unit at Gurney Paragon Residence transacted at RM5.0 million.
With a built-up of 4,209 sq.ft., this property combines residential luxury with integrated retail convenience, being part of the well-known Gurney Paragon development.
#5 – Lagenda @ Southbay Bungalow (Batu Maung) – RM4.888 Million
Rounding off the list is a 4-storey bungalow at Lagenda @ Southbay, Batu Maung, transacted at RM4.888 million.
With a generous land area of 8,902 sq.ft. and built-up of 7,567 sq.ft., this property represents the southern corridor’s premium landed segment, driven by proximity to the Penang International Airport and Bayan Lepas industrial zone.
The Southbay township continues to mature, attracting affluent buyers seeking larger homes away from the congestion of the island’s northern coastline.
*This article is based on research conducted using information obtained from NAPIC, and the accompanying photos have been sourced from Google Street View.
