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. 

For illustration purposes only. Actual design may vary

Vienna Ville, a joint venture development between Premium Flame Develpoment Sdn Bhd and ARK Resources Bhd at Sungai Ara. Located along Lintang Sungai Ara 10, surrounded by Imperial Residence, One Imperial, Idaman Lavendar 2 & 3, Idaman Cempaka and Idaman Melur. It is about 3km from Setia SPICE, 10 minutes drive to Penang International Airport.

The development will see the construction of a 48-storey building, featuring 500 condominium units with a six-level multi-storey car park. The project was previously known as Imperial Ville when it was first proposed by Premium Flame Development Sdn Bhd.

Project Name : Vienna Ville
Location : Sungai Ara
Property Type : Condominium
Tenure: Freehold
Total Units : 500
Indicative Price : (to be confirmed)
Developer : ARK Resources Bhd

Location Map:

Malaysia’s property market reached a decade high in 2025, recording total transaction values of RM241.87 billion, according to Housing and Local Government Minister Nga Kor Ming. The figure represents a 4.1% increase compared to 2024, with 416,413 transactions completed during the year, as highlighted in the 2025 Property Market Report.

Nga noted that the property sector remains a key pillar of the national economy, supporting nearly 200 related industries, including construction, finance, building materials and professional services. The strong performance underscores continued market activity and underlying demand across various segments.

The residential sub-sector led growth, expanding by 5.9% in 2025. Meanwhile, the Malaysian House Price Index (MHPI) rose by a moderate 2.6%, reflecting a stable pricing environment. This suggests that while demand remains healthy, price increases are still manageable, contributing to overall market resilience.

To further strengthen the sector, the Ministry of Housing and Local Government (KPKT) is rolling out reforms focused on governance, project delivery and buyer protection. Among the key initiatives is the aim to achieve zero sick housing projects by 2030.

Measures include tighter audit mechanisms for the Housing Development Account (HDA) to ensure proper fund usage, enhancements to the Housing Integrated Management System (HIMS) for real-time project monitoring, and expansion of the TEDUH platform to allow buyers to report developer non-compliance.

In addition, the government is drafting the Real Estate Development Act (RPDA) to broaden regulatory oversight, including projects on commercial land, while the implementation of e-SPA is expected to streamline transactions and reduce delays.

Nga emphasised that future efforts will go beyond transaction growth, focusing on improving quality, efficiency and liveability. The government remains committed to ensuring accessible, safe and sustainable housing for Malaysians while supporting long-term sector growth.

About Senze @ PICC

Senze@PICC is a fully furnished serviced residence located at the heart of the Penang International Commercial City (PICC), a visionary integrated township in Bayan Lepas. Positioned within one of Penang’s most strategic growth corridors, it offers seamless connectivity to the upcoming LRT, Penang International Airport, and key industrial hubs, making it highly appealing for both homeowners and investors.

Designed for modern urban living, Senze@PICC features move-in-ready homes complemented by over 70 lifestyle facilities, along with direct integration to retail, commercial, and medical components within the township.

Find out more about Senze @ PICC

In conjunction with the upcoming Hari Raya festivities, Metrio Group will be hosting a special Forescape Open House – “Bersama Metrio, Kita Beraya” celebration, inviting the public to experience the project in a warm and festive setting.

The event will take place on 28 and 29 March, from 10:00 AM to 5:00 PM, at the Forescape @ Metrioplace Sales Gallery.

Visitors can look forward to a lively, family-friendly atmosphere featuring a buffet lunch, engaging DIY activities, and exclusive Raya promotions worth up to RM18,888. Adding to the excitement, guests will also have the opportunity to enjoy a Raya Test Drive experience with the Proton X50 and e.MAS 5, making it a well-rounded lifestyle event for both homebuyers and car enthusiasts.

Celebrate the spirit of Raya with Metrio Group while discovering your future home at Forescape. RSVP via 012-637 7221