There is a variety of freehold properties available on Penang island, it is crucial to take time to consider all the options and your needs to suit the lifestyle you are expecting for you and your family.
Five Main Types of Penang Freehold Properties
A Sunshine Villa n the SuburbGenerally, when people imagine their new life in Penang, a villa will come to mind. Who wouldn't want a modern, independent spacious home with your own private pool and garden? These can easily be found on the eastern coastline such as Tanjung Tokong, Tanjung Bungah, Batu Ferringhi, and Batu Maung, they are less likely to be in the middle of George Town or the business districts.
Land size: approx. 4,000 sq. ft. onwards
Built-up size: approx. 3,000 sq. ft onwards
Price: approx. MYR 3,000,000 onwards
A Cozy Semi-Detached or Terrace HomeFor a home built on the ground with a smaller land area, a semi-detached or terrace house should be your pick and will provide you ample space – they include roofed terraces and balconies. Some developments of such may come with a guarded facility. They cost less, and can give you more of a community feel.
Land size: approx. 1,800 sq. ft. onwards
Built-up size: approx. 3,000 sq. ft. onwards
Price: approx. MYR 2,000,000 onwards
A Trendy Coastal Apartment Apartments by the sea are also a popular choice, especially with those buying a holiday home or as an investment, and they are the easiest to maintain. They come in all sizes, and will usually have access to a shared pool, gardens, and other facilities. There are plenty of options for those who prefer modern living; on the East side of Penang island, you can find good bargains due to the oversupply of new developments, built prior to the global financial crisis. These modern apartments are often built to very high and strict specifications and standards. Its always good advise to speak to owners within the development for any unwanted challenges you may face as a potential owner. Also, be sure to find out about condominium fees, and how communal parts of the development are managed.
Built-up size: approx. 1,000 sq. ft. onwards
Price: approx. MYR 1,000,000 onwards
A Super-Sized Condominium by the BeachThe experience of living in a condominium is different from an apartment, due to the host of serviced facilities they provide – in addition to shared access to a pool and garden. There is a broad spectrum of types of property available for these luxury properties, from gymnasium, to a 4 acre waterpark. Once again, this option is most popular for the low maintenance, 24 hr security, and for those buying a holiday home or for pure investment purposes.
Built-up size: approx. 4,000 sq. ft. onwards
Price: approx. MYR 2,800,000 onwards
A Rustic Choice in the Old TownA traditional heritage house in the middle of George Town, or a sprawling bungalow on the Penang hill. While these often appeal to foreigners, it is important to consider the maintenance and upkeep cost of a property like this. If you’re up for a soul searching educational project and willing to spend the money and time, this kind of property could be perfect choice for you! Purchasing a fully restored and refurbished home of such type would be an ideal option, undoubtably it will be a labour of love, with a bonus price tag as compared to those in the original derelict state of condition.
Land size: approx. 1,000 sq. ft. onwards
Built-up size: approx. 2,000 sq. ft. onwards
Price: approx. MYR 1,800,000 onwards
Finding the Right Property to Rent out 
Pictured is a luxurious, low-density, freehold development by YTL, the Shorefront Residences, by the shore, in the heart of George Town UNESCO city. Various units available for rent >>Read more
If you plan to offer your new property as a holiday let, or on short term rental, you may need adjust your priorities to accommodate to the basic needs of your guests or tourist’s wishes, as well as your own. Some tourists want easy access to beach, some opt for the local experience in town. Internet access is always must , with of course the basic amenities. It is a big plus for the property to be within walking distance to local attractions, but Penang being 1/3 of the size of Singapore, most attractions are within a 10 km radius. Your property should have a versatile layout yet the personality of the house takes precedence over boring fixtures and furnitures, as the market is very competitive with boutique hotels and airbnb bookings available out there.
One of the best things about Penang is the warmth - from the locals, the weather, the delicious street food, the vibrant colours to heritage of our small town, George Town. Hospitality is Penang's biggest seller, from five-star hotels, to the beaches and hill resorts, as well as the niche boutique rooms, glam packing, backpacking or even home stays. Working with several property owners, we turn these beautiful homes into memorable temporary holiday accommodations. If you are interested to explore ways to gain a return-on-investment please click here. 
