Bungalow lot at Jalan York, transacted for RM12.74mil

Three bungalow houses accounted for the highest-value residential property transactions in Penang during the first half of 2026, with the top transaction exceeding RM12.7 million.

#1 – Jalan York bungalow (RM12.74 million)

The most expensive transaction involved a bungalow along Jalan York, which changed hands for RM12,736,000, translating to approximately RM679 psf based on a land area of about 18,769 sq ft.

The property comprises a long-vacated double-storey structure in visibly poor condition, with a weathered white facade. Given the land size and location, the transaction is widely read as a land-value deal, with the existing structure likely to be torn down for redevelopment.

#2 – Jalan Tunku Abdul Rahman bungalow (RM7.70 million)

The second-highest residential transaction involved a corner-lot bungalow along Jalan Tunku Abdul Rahman, which was sold for RM7.7 million.

The property sits on approximately 13,670 sq ft of land and comprises an existing single-storey bungalow. The transaction represents a sizeable landed residential deal in one of Penang’s established urban areas.

Based on the land area, the transacted price works out to approximately RM563 psf.

#3 – Scott Avenue bungalow (RM7.30 million)

The third-highest transaction involved a bungalow along Scott Avenue, which was transacted at RM7.3 million.

The property has an estimated land area of approximately 12,859 sq ft and comprises an existing bungalow. The transaction works out to about RM568 psf based on the reported land size.

*This article is based on research conducted using open transaction data obtained from NAPIC, and the accompanying photos have been sourced from Google Street View.