Luxury Condos & Property for Sale in Penang
Condos and apartments across Penang Island, with clear guidance for foreign buyers and access to verified developments.
Penang Property Investment & Lifestyle
Penang combines island living with a well-established residential market, long-term international appeal and a strong lifestyle draw. Known for its UNESCO-listed heritage, coastal setting and slower pace of life, Penang attracts buyers seeking quality homes rather than short-term speculation.
For property buyers, Penang offers a transparent legal framework, widespread use of English in transactions and an established expatriate community. High-rise condominiums remain the primary option for foreign buyers, particularly on Penang Island, while selected landed homes may be available subject to state approval.
With respected international schools, private healthcare, improving infrastructure and direct regional connectivity, Penang continues to appeal to overseas buyers looking for a balanced combination of lifestyle, stability and long-term ownership potential.
Download Your FREE Penang Brochures
Discover carefully selected projects across Penang, designed to help you compare opportunities with confidence.
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Property for Sale in in Penang’s Key Residential Areas
Explore a curated selection of property opportunities, from waterfront residences and luxury condominiums to master-planned lifestyle developments. Rather than operating as a property portal, we focus on carefully selected opportunities for international buyers. If you cannot find what you are looking for, contact us to discuss a bespoke property search.
From RM 671K / £123K / $157K USD
High-rise waterfront condominiums located along Penang’s northern coastline, close to Tanjung Bungah and Batu Ferringhi, offering sea, hillside and city-view residences with modern facilities and coastal living.
From RM 969K / £178K / $239K USD
Waterstone is a luxury freehold condominium in Tanjung Bungah offering seaview and hillside residences with premium facilities in one of Penang’s most established coastal districts.
From RM 975K / £180K / $241K USD
Maris by E&O is a freehold waterfront condominium at Andaman Island, Penang, featuring marina-front residences, premium lifestyle facilities and direct access to E&O’s landmark waterfront masterplan.
From RM 2.11M / £386K / $518K USD
High-rise freehold residences in Tanjung Bungah, Penang, positioned between Gurney Drive and Batu Ferringhi, offering spacious hillside living with established local amenities and strong long-stay appeal.
From RM 2.52M / £464K / $623K USD
The Lume is a freehold residential tower within E&O’s Andaman Island masterplan, offering spacious 3 and 4-bedroom residences, resort-style facilities and elevated views across Penang’s coastline and city skyline.
From RM / £ / $ USD
We’re currently reviewing additional residential developments across Penang to ensure they meet our strict quality standards. In the meantime, contact us to discuss bespoke property sourcing.
FREE Penang Property Toolkit
Get the complete toolkit to invest confidently in in Penang and Malaysia - FREE for a limited time.
What’s inside:
Penang Property Brochures – View our full selection of verified Penang development brochures.
Malaysia Buyers Guide - Learn the essentials of ownership, fees, and taxes.
Due-Diligence Checklist - 10 critical checks before signing any off-plan agreement.
Legal Glossary - Decode 20 essential Malaysian real-estate terms, from SPA and MOT to RPGT and strata title.
Alestria Global Access (Vanguard) - Enjoy early membership with exclusive partner benefits, including preferential rates and perks at Shangri-La Hotels and more.
Get Your FREE Penang Property Pack
Download your complete Penang Property Pack, including the Project Brochures, Buyers Guide, and Legal Toolkit, plus complimentary pre-registration for Alestria Global (Vanguard), our private investor network.
Enjoy early access to verified projects, exclusive partner privileges, and preferential rates at Shangri-La Hotels, and perks from Alestria’s global partners.
We’re proud to partner with Shangri-La to enhance your property viewing experience, with Alestria clients enjoying preferential rates and concierge-style service during their stay.
Ready to Explore Penang Property Opportunities?
Speak to our team about available units, upcoming developments, and viewing trips.
Own Penang Property with Confidence
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All Alestria-listed properties are sourced from reputable International and Malaysian developers with a track record of delivering foreign-eligible condo projects on time and to spec.
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We’re with you from day one. Our UK-based team answers your questions, explains the process, and coordinates with our partners on the ground in Malaysia.
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All sales are governed by Malaysia’s Housing Development (Control and Licensing) Act 1966 (HDA) for off-plan projects. Partner lawyers handle full contract and title review, verify developer licences and APDL permits, and manage stamp duty and land registry filings, with English-language guidance throughout.
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From the Letter of Offer to the Sale and Purchase Agreement (SPA) and Memorandum of Transfer (Form 14A), we guide you through every step. Our team ensures compliance with the state minimum price threshold for foreigners, correct execution of the SPA, and registration of strata title upon completion.
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Prefer to see the property in person? We’ll help arrange a customised visit, including escorted viewings, local introductions, and exclusive hotel perks with our partners.
Why Consider Penang Property
Foreigners can own freehold condos
Foreign buyers can legally purchase freehold condominiums in Penang, subject to state approval and minimum price thresholds that vary between Penang Island and the mainland.
Attractive entry prices
Residential condominiums in Penang remain competitively priced compared with regional hubs, offering a lower entry point than markets such as Singapore and Hong Kong.
Lifestyle-led rental demand
Rental demand is supported by long-stay expatriates, professionals and returning Malaysians, particularly in coastal and well-established residential areas.
Regional connectivity
Penang is well connected regionally via Penang International Airport, with direct flights across Southeast Asia and frequent domestic links to Kuala Lumpur, supporting both lifestyle buyers and long-stay residents.
Established legal framework
Malaysia’s property laws, including the Housing Development Act, provide buyer protections through regulated escrow accounts, licensed developers and transparent purchase processes.
Buying Property in Penang: FAQs
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Yes, for buyers focused on lifestyle, long-term ownership and stability rather than short-term speculation. Penang attracts expatriates, returning Malaysians and retirees, supporting consistent residential demand.
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On Penang Island, established areas such as Tanjung Bungah, Batu Ferringhi and parts of George Town are popular with foreign buyers. On the mainland, selected districts offer lower entry prices and broader eligibility.
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Yes. Foreigners can buy residential property in Penang, subject to state approval and minimum price thresholds that vary by location.
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Yes. Foreign buyers may purchase freehold condominiums in Penang, subject to state consent. Freehold status depends on the individual development and title.
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Minimum thresholds are set by the Penang state government and vary by location. As a guide, mainland Penang typically has a lower minimum than Penang Island. Exact thresholds should be confirmed before purchase.
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In some cases, yes, but options are limited. A small number of Malaysian banks offer financing to foreign buyers, typically with higher down payments and stricter criteria. Many foreign purchasers buy without local financing.
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Rental yields vary by location, unit type and tenant profile. Penang is generally considered a lifestyle-led rental market rather than a high-yield market, with returns driven by long-stay demand.
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Capital growth in Penang tends to be steady rather than aggressive. Long-term performance is linked to location quality, infrastructure, and limited land supply on Penang Island.
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The process typically involves signing a Sale and Purchase Agreement (SPA), staged payments held in regulated escrow accounts, and title transfer upon completion. Licensed lawyers and developers are required under Malaysian law.
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MM2H is a long-term residency programme for eligible foreigners. Under current rules, participants are required to purchase qualifying residential property and meet financial criteria set by the authorities.
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Yes, when purchasing from licensed developers. Off-plan projects are regulated under the Housing Development Act, with buyer funds protected through mandatory escrow arrangements.
Still have questions?
Reach out to our team at info@alestriaproperty.com or complete the form to request a brochure, enquire about viewing tours, or ask us a general question. No hard sell, no obligation.