Rediscover

Bayan Lepas

The median sale at Bayan Lepas, Penang, Malaysia is RM 680,000

25%
RM 245,000
RM 268 (PSF)
MEDIAN
RM 680,000
RM 408 (PSF)
75%
RM 900,000
RM 530 (PSF)

 

Overview

Besides being home to the Penang International Airport which is some five kilometres away from the Industrial Free Zone, known for its semiconductor multinational companies, Bayan Lepas is also known for the island's tourist attraction of the Snake Temple.

The small town centre can be found at the junction of what was known as Jalan Sungai Ara or Jalan Dato Ismail Hashim and Jalan Bayan Lepas. It is also where the market is located.

Property Development

Located some 12.2km from the Penang Bridge, it was reported in November that there would be a total of some 60 acres in land reclamation in two neighbourhoods – Bayan Bay and Bayan Mutiara. This will see the construction of a velodrome, football field, an international swimming pool and houses.

Separately, as part of a federal government project, some shophouses, including pre-war houses, were broken down before mid-2015 for road expansion and the plan is speculated to include the Department of Civil Aviation, the Bayan Lepas community hall and the police station and its living quarters. It was also reported that the road expansion to ease traffic congestion after the opening of the Second Penang Bridge of the Sultan Abdul Halim Muadzam bridge which is some 17.8km away, will include two overhead bridges.

Amenities and Facilities

Located some 27km from Georgetown City and connected to it via the Tun Dr Lim Chong Eu Expressway, Bayan Lepas houses Penang's largest shopping mall – Queensbay Mall.

Hotels are not in abundance in Bayan Lepas except for Eastin Hotel, next to Queensbay, but a few are located very close to its boundaries including Equatorial Hotel in Bukit Jambul and Olive Tree Hotel. There are also many vacation homes and service apartments within Bayan Lepas.

The Rapid Penang bus service plies through Bayan Lepas' town and villages and there are many eateries, including the Line Clear branch, seafood restaurants and coffee shops. Other facilities in the town include clinics and department stores like Sunshine Square.

Past Transactions

Project / TownShipsTypeMedian Price PsfMedian PriceFiled Transactions
Fiera Vista @ One ResidenceCondominium/ApartmentRM 464RM 698,092148 Transactions
Setia Pearl IslandTerrace House,Flat,Semi-Detached HouseRM 573RM 1,104,623140 Transactions
Mutiara PerdanaFlat,Condominium/ApartmentRM 304RM 224,991109 Transactions
Saujana HeightsFlat,Condominium/ApartmentRM 264RM 150,52190 Transactions
Desa BayanFlat,Condominium/ApartmentRM 401RM 284,75978 Transactions
Tree Sparina @ Ideal Vision ParkCondominium/ApartmentRM 511RM 608,82869 Transactions
Mutiara Perdana 2Flat,Terrace HouseRM 296RM 224,33463 Transactions
Idaman SelasihFlat,Condominium/ApartmentRM 104RM 70,01857 Transactions
Taman Tunas DamaiCondominium/Apartment,Flat,Terrace HouseRM 348RM 311,66757 Transactions
Platinum IIICondominium/ApartmentRM 384RM 501,10150 Transactions
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Rent and Sale Prices in Bayan Lepas

BedroomsSale PriceMonthly RentRental Yield
1RM 643,000RM ----
2RM 227,234RM 1,7589.28%
3RM 561,682RM 1,5903.4%
4RM 834,036RM 1,9552.81%
5RM --RM ----

Price per Square Foot

SectorPrice Psf (Non Landed)Price Psf (Landed)
Area AverageRM 328RM 558
State AverageRM 328RM 256