Penang
George Town (Daerah Timur Laut) is Penang's premium property district, home to the UNESCO World Heritage inner city, luxury condominiums along Gurney Drive, and Tanjung Tokong. With 1,510 tracked properties and 22,538 transactions, it commands the highest PSF in Penang.
Avg Property Price
RM 665,633
Avg Price per Sqft
RM 528/sqft
Properties Tracked
1,510
NAPIC Transactions
22,538
Source: NAPIC (National Property Information Centre) transaction records via PropValue.MY AI engine
| Type | Properties | Avg PSF | vs District Avg |
|---|---|---|---|
| TerraceMost Common | 490 | RM 737 | +209 PSF |
| Apartment | 313 | RM 374 | -154 PSF |
| Semi-Detached | 281 | RM 862 | +334 PSF |
| Condominium | 253 | RM 654 | +126 PSF |
| Bungalow | 161 | RM 1079 | +551 PSF |
Average
RM 665,633
Key Neighbourhoods
The average property price in George Town (Daerah Timur Laut) is approximately RM 666,000 based on 22,538 NAPIC transactions. Prices range from RM 23,000 to RM 18 million.
The average PSF in George Town is RM 528. Semi-detached homes command RM 862 PSF, bungalows RM 1,079 PSF, and condominiums RM 654 PSF.
George Town benefits from UNESCO heritage status, a thriving tourism economy, and limited land supply on the island — all factors that support long-term price appreciation. The Gurney Drive and Tanjung Tokong corridors are particularly sought after.
Gurney Drive, Tanjung Tokong, and Pulau Tikus are the most premium neighbourhoods, known for luxury condominiums and sea views. The Georgetown Heritage Zone appeals to heritage property buyers and boutique hotel investors.
PropValue.MY uses 22,538 real NAPIC transactions from George Town to give you an instant, data-backed estimate.
Value a Property in George Town