Georgetown, Timur Laut, Pulau Pinang property prices

Transactions from January 2021 to February 2026

Recorded Transactions3,394
Total Properties Sold377
Total transactions ≤ RM1,000,0002,597
Total transactions above RM1,000,000797

Totals for Georgetown, Timur Laut, Pulau Pinang only. Properties sold counts distinct developments, not individual units.

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Georgetown, Timur Laut, Pulau Pinang property prices: key facts

Median Transacted Price
RM 500,000
Median Price PSF
RM 512.57
Most Preferred Tenure
Freehold
Most Transacted Property Type
Condominium/Apartment
Most Transacted Property
Sri Saujana-Macallum
Most Properties Sold In
December 2021 (129 Sales)
Low-Cost / Affordable Sold
982 (Up To RM 300,000)
Medium-Cost / Mid-Market Sold
1,354 (Above RM 300,000 To RM 800,000)
Luxury / High-End Sold
865 (Above RM 800,000 To RM 2,500,000)
Ultra-Luxury Sold
193 (Above RM 2,500,000)

Price bands cover positive transaction prices, including decimal amounts, with no gaps between tiers. Most-transacted facts reflect recorded volume, not a survey of buyer preferences.

Median price by year

Yearly transaction medians for Georgetown, Timur Laut, Pulau Pinang
YearMedian priceMedian RM/sqftTotal transactions
2026RM 350,000RM 471.4417
2025RM 475,000RM 497.34298
2024RM 550,000RM 547.96698
2023RM 485,500RM 500.25998
2022RM 500,000RM 509.39995
2021RM 437,500RM 490.39388

Most Transacted Properties in Georgetown, Timur Laut, Pulau Pinang

Most Transacted Properties in Georgetown, Timur Laut, Pulau Pinang, ranked by recorded transactions
Property name Property type Total transactions Median price Median RM/sqft
SRI SAUJANA-MACALLUM Low-Cost Flat 145 RM 250,000 RM 387.10
THE RISE COLLECTION 1 Flat 112 RM 73,000 RM 104.34
3 RESIDENCE Condominium/Apartment 98 RM 658,500 RM 764.39
THE RISE COLLECTION II Flat 91 RM 380,000 RM 464.52
SANDI LAND CONDOMINIUM Condominium/Apartment 89 RM 800,000 RM 595.63
DESA PINANG 2 Low-Cost Flat 68 RM 246,500 RM 417.12
BEACON EXECUTIVE SUITES SOHO/SOFO/SOVO 60 RM 750,000 RM 821.00
ISLAND PARK 2 - 2 1/2 Storey Terraced 56 RM 1,310,000 RM 669.52
RUMAH PANGSA MPPP Flat 55 RM 200,000 RM 327.89
GAT LEBUH MACCALLUM FLAT 12/22T Flat 48 RM 175,000 RM 341.56

Matching scheme names are combined within this report's location. Property links open the location with the most recorded transactions; its detail totals may differ from this combined ranking. Names without a complete report location are not linked. For mixed-type schemes, the most transacted property type is shown.

Georgetown, Timur Laut, Pulau Pinang Property Market Insight

Between January 2021 and February 2026, Georgetown, Timur Laut, Pulau Pinang recorded 3,394 property transactions within this area. The overall median transacted price stood at RM 500,000 (RM 512.57 PSF), serving as a practical benchmark for comparing localized values.

The market's upper bound reached RM 21,000,000 in georgetown, whereas the lowest recorded sale was RM 29,000 in georgetown. Across the area, Condominium/Apartment emerged as the most transacted property type.

Extreme prices describe individual recorded sales, not the typical price of an entire area.

Frequently Asked Questions

What is the median property price in Georgetown, Timur Laut, Pulau Pinang?

The median transacted property price in Georgetown, Timur Laut, Pulau Pinang is RM 500,000 (RM 512.57 per sq. ft.), based on 3,394 recorded sales from January 2021 to February 2026.

How much do high-rise properties cost in Georgetown, Timur Laut, Pulau Pinang?

The median transacted price for high-rise properties (condominiums and apartments) in Georgetown, Timur Laut, Pulau Pinang is RM 730,000, based on 1,178 transactions recorded from January 2021 to February 2026.

What type of tenure do buyers in Georgetown, Timur Laut, Pulau Pinang prefer?

Freehold is the most frequently transacted tenure, accounting for 2,269 of 3,394 recorded transactions. Sales volume alone does not establish buyer preference.

How do residential and commercial prices compare in Georgetown, Timur Laut, Pulau Pinang?

Residential properties in Georgetown, Timur Laut, Pulau Pinang transacted at a median price of RM 500,000 across 2,989 sales, while commercial and industrial properties transacted at a median of RM 500,000 across 405 sales. A median is unavailable when no usable prices are recorded.

What are the most active or dominant property sub-sectors in Georgetown, Timur Laut, Pulau Pinang?

Condominium/Apartment accounts for the most recorded transactions (1,120). This identifies the most active category in this dataset; it does not by itself prove sustained demand or liquidity.

How reliable is this data, and can I rely on it to make a decision for my next property purchase?

These metrics are strictly for personal reference, market comparison, and informational purposes only. They are calculated from the imported transaction database; attribution to official sources such as NAPIC/JPPH should be independently verified. They are not professional financial, legal, or real estate investment advice. Property values can vary with individual unit condition, facing, floor level, renovation quality, and changing market dynamics. Always perform independent due diligence, consult a licensed real estate agent or registered valuer, and assess your personal financial position before making a property purchase or investment commitment.

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How to read these figures

Medians use all positive recorded prices in the stated period, without removing outliers. PSF is calculated per transaction using land/parcel area in square feet, falling back to main floor area when land area is unavailable. Records without a usable price or area do not contribute to the respective median.

Capital gain/loss compares the first and latest recorded month's median price. It measures changes in the mix of properties sold, not the return on a specific property. A single priced month is reported as not available. Blank district, area and scheme names are excluded from named counts and rankings. District rankings retain state identity; area rankings retain district identity and combine case-only area-name variants.

State assignments use the existing district/area mapping and may need verification. Areas represent administrative sub-districts. Date ranges use the recorded month and year; undated records remain in overall totals but not dated trends. Analytics are cached for up to five minutes and refreshed when the database file changes.

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