Requirements for Foreigners to Buy Properties in Penang

To curb speculative pressures on the property prices in Penang, the Penang State Government has put in place specific requirements on foreign purchase of landed and stratefied (that's to say, the condos) residential properties in Penang.

If you are a foreigner to purchase residential property on Penang Island, do note that as of July 2018¹, you may only purchase landed properties costing RM3 million and above, and stratified units costing RM1 million and above.

To purchase on the Penang Mainland, the price is RM1 million and above for landed properties and RM500,000 and above for stratified properties.

Foreigner Property Purchase Requirement (22 September 2017)

References

Return to the Penang Residential Property Guide

Private Guided Tours of Penang

If you are seeking private guided tours of Penang, message Penang Tour Guides at penangtourguides@gmail.com and enquire with them.

 Buy, rent or sell properties in Penang

Do you have a property for sale or to rent out? Are you looking to buy or rent a property? Get in touch with me. WhatsApp me (Timothy Tye) at 012 429 9844, and I will assign one of my property agents to serve you. I will choose the agent for you, according to your property needs. So when you message me, provide me some details of what you need, whether to sell, to buy, to rent or to rent out, and what type of property, is it condo, apartment, house, shop, office or land.

 Latest updates on Penang Travel Tips

Map of Roads in Penang

Looking for information on Penang? Use this Map of Roads in Penang to zoom in on information about Penang, brought to you road by road.

About this website

Dear visitor, thank you so much for reading this page. My name is Timothy Tye and my hobby is to find out about places, write about them and share the information with you on this website. I have been writing this site since 5 January 2003. Originally (from 2003 until 2009, the site was called AsiaExplorers. I changed the name to Penang Travel Tips in 2009, even though I describe more than just Penang but everywhere I go (I often need to tell people that "Penang Travel Tips" is not just information about Penang, but information written in Penang), especially places in Malaysia and Singapore, and in all the years since 2003, I have described over 20,000 places.

While I try my best to provide you information as accurate as I can get it to be, I do apologize for any errors and for outdated information which I am unaware. Nevertheless, I hope that what I have described here will be useful to you.