NAPIC
Penang property market outpaces national average in Q1 2026
Malaysia's property market opened 2026 on a cautious note with moderate performance in the first quarter, but Penang bucked the national trend with price growth running at more than double the country's average, according to the Property Market Report for Q1 2026 released by the Valuation and Property Services Department ... Read More
Penang property market shifts to a more selective cycle
The northern region property market recorded a moderate performance in 2025, with mixed signals across the four states of Penang, Perak, Kedah and Perlis. According to the Northern Region Property Market Report 2025 by the Valuation and Property Services Department (JPPH), the region registered 104,689 transactions worth RM37.36 billion. While ... Read More
Penang ranked 4th as unsold homes nationwide exceed RM13.9 billion
As of late 2024, Malaysia recorded a total of 23,149 completed residential units worth RM13.94 billion that remain unsold, according to the 2024 National Property Market Report released recently. A significant portion of these units—over 60%—comprise condominiums and apartments, while 13.8% are double-storey terrace houses. In terms of pricing, the ... Read More
Malaysia’s property sector set for moderate growth in 2025 despite global uncertainty
The local property sector is expected to record moderate growth in 2025, with projected sales totalling RM21.5bil, amid heightened uncertainty stemming from potential risks associated with both current and former US presidents, Joe Biden and Donald Trump. Investor concerns over the artificial intelligence diffusion policies introduced under the Biden administration ... Read More
Penang ranks fourth in unsold properties in 1H2024
Penang recorded 2,400 unsold residential units in the first half of 2024 (1H2024), placing it fourth among states with the highest property overhang, according to the National Property Information Centre's (Napic) report. The total value of unsold units in Penang amounted to RM2.02 billion, reflecting the ongoing challenges in the ... Read More
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Latest Projects
TODAY'S MOST READ
RECENT COMMENTS
- @Hemsley Pier already 1M now....amazing ...LL on Scott @ Logan
- is this project still available? ...Po on Scott @ Logan
- @ ryu , u buy which floor ? RM480 k or 540k unit ...SIM LI on The Cube
- @Ryu Wow which floor is your unit ...Benghui on The Cube
- @SIM LI I'm the owner of The Cube. I got the lower floor parking space...Ryu on The Cube
- luckily I chose Zen...parking is well designed and no narrow road to building..easily assessible ...LL on The Cube
- Having LRT and encouraging the public to use it, has the State government considered into...lawrence on Penang LRT taking shape: Airport and Bandar Sri Pinang stations lead progress
- 3 levels of facilities, any idea what kind of facilities available? will there be pickleball...BengHui on The Cube
- Out of curiosity, which floor still manageble for carpark at the cube. I mean like...BengHui on The Cube
- I’m interested, please contact me, and send me the detail information, thanks. ...quendy CHEW on Suria Apartment
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Latest Property News
OTHER DEVELOPMENTS
- Affordable Housing (Penang Island)
- Butterworth Arena
- Columbia Asia Medical Centre
- Eco-Tourism Hub @ Batu Kawan
- Escape Penang – Eco Theme Park
- GBS @ The Waterfront
- GBS by The Sea
- Gurney Wharf
- IKEA Batu Kawan
- Island Medical CIty
- Kobay Jelutong
- Lin Xiang Xiong Art Gallery
- Linear Waterfront
- Mitsui Outlet Park @ PIA
- One Auto Hub @ Batu Kawan
- Penang Arts District
- Penang Eastern Seafront Development
- Penang Medical & Digital Technology Hub
- Penang Premium Outlets (Design Village)
- Penang Sentral
- Penang South Islands
- Penang Transport Master Plan
- Penang Waterfront Convention Centre
- Penang World City
- PIA Expansion
- Silicon Island
- Teluk Bahang Wellness Resort
- The Ship Campus (ALC College)
- The Top @ Komtar
- Wellness City of Dreams
