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

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您有待出售或出租的房产吗？ 您想购买或租赁房产吗？ 与我联系。 WhatsApp 我 (Timothy Tye) 012 429 9844，我将指派一名房地产经纪人为您服务。 我会根据您的房产需求，为您选择代理。 因此，当您给我发消息时，请向我提供一些您需要的详细信息，无论是出售、购买、出租还是出租，以及房产类型，是公寓、公寓、房屋、商店、办公室还是土地。

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Please use the information on this page as guidance only. The author endeavours to update the information on this page from time to time, but regrets any inaccuracies if there be any.

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About this website

Hello and thanks for reading this page. My name is Timothy and my hobby is in describing places so that I can share the information with the general public. My website has become the go to site for a lot of people including students, teachers, journalists, etc. whenever they seek information on places, particularly those in Malaysia and Singapore. I have been doing this since 5 January 2003, for over twenty years already. You can read about me at Discover Timothy. By now I have compiled information on thousands of places, mostly in Peninsular Malaysia and Singapore, and I continue to add more almost every day. My goal is to describe every street in every town in Malaysia and Singapore.