Georgetown

 

Overview

George Town, capital city of Penang, is located in the northeast corner of Penang Island. It was founded by Captain Francis Light in 1786 for the British East India Company and was named after the British King at the time, King George III. Light established a settlement and developed George Town from what used to be a swamp into a trading port. The town was badly destroyed and burned for days as a result of heavy bombing by the Japanese and the Allied forces during World War II. It is one of the oldest cities in Malaysia and in 2008 was designated by UNESCO as a World Heritage Site.

Property Types

Aside from the lovely colonial buildings such as shophouses there are a wide array of older developed properties such as condominiums (Sri Perdana, Logan Ville and Scotland Park), apartments (Arratoon Court, Taman Kilangin and Desa Acacia) and newer properties such as Birch The Regency and Birch The Plaza – condominium and shopping complex; The Mayfair, Scott Residence and Residence 21 – luxury condominiums; Medan York – 2-story bungalow and apartments; York Residence – 3-story bungalow and various terrace houses and shopoffices.

As you walk along the streets the most noticeable element is the well-preserved colonial architecture of prominent buildings such as Cheong Fat Tze Mansion, City Hall, Fort Cornwallis, Pinang Peranakan Mansion and Queen Victoria Clock Tower. Various places of worship such as Kapitan Keling Mosque, Wat Chaiyamangalaram, Dhammikarama Burmese Buddhist Temple, Hainanese Temple and St. George's Church coexist harmoniously. Unique attractions are the painted street art mimicking life in this city, wrought-iron caricatures depicting anecdotes of the street (Marking George Town Exhibition) and The Camera Museum showcasing the history and evolution of cameras. The funicular (cable railway) ride up Penang Hill gives a magnificent aerial view of the city and the surrounding forests.

Amenities and Facilities

Today, George Town reels in a great many tourists as a medical tourism hub with abundant public and private hospitals such as Penang General Hospital, Penang Adventist Hospital, Lam Wah Ee Hospital and many more. It also has a well-established cruise tourism and export industry enhanced by the cargo transport facilities provided by the port and the airport. Other facilities and amenities include primary and secondary schools, universities and colleges, City Stadium, George Town Branch Library, flea markets (Little Penang Street Market, Little India and Lorong Kulit Flea Market), shopping malls (Gurney Plaza, Queensbay Mall and Prangin Mall), international banks and ample restaurants and cafes.

Accessibility and Transportation

It is highly accessible by air via the Penang International Airport, by ferry from Weld Quay (to Butterworth) and from Swettenham Pier (to Langkawi and Pulau Payar) and by road via Penang Bridge and Penang Second Bridge which connects to the mainland. 


Note: Whilst every effort has been taken to ensure the above information is up to date, some inaccuracies may occur. If you notice any inaccuracies please contact [email protected] All information was correct at time of publication and is provided in good faith.


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Nearby Schools
Universiti Terbuka Wawasan (WOU)
Kolej Reliance Pulau Pinang
Equator Academy of Art
KDU College, Penang Campus
The One Academy Penang
Kolej Teknologi Sentral Pulau Pinang
Nearby Hospitals
Gleneagles Penang
Peace Medical Centre
LohGuanLye Specialists Centre
Island Hospital
Hospital Pulau Pinang
Penang Adventist Hospital
Nearby Shopping Malls
Penang Plaza
Penang Times Square
Prangin Mall
1st Avenue Penang
Gurney Paragon
Gurney Plaza
Nearby Clinics
Klinik K.T. Ooi (Private)
Klinik Huang (Private)
Klinik Kesihatan Jalan Macalister (Government)
Tung Klinik (Private)
Klinik United Sdn Bhd (Private)
Klinik Kesihatan Lebuh Muntri (Government)
Nearby Convenience Stores
Giant Supermarket Penang Plaza
7-Eleven (Jalan Burmah, Penang)
7-Eleven (Tune Hotel Penang)
Kamdar (Burmah Road)
7-Eleven (Macalister Rd, Penang)
Mydin Wholesale Emporium Penang
Nearby Restorants
Kentucky Fried Chicken
Maple Palace Sdn Bhd
Ocean Green Seafood & Restaurant
Spicy Girl Restaurant Sdn Bhd
Kissa Koyotei Cafe
Kissa Koyotei Cafe
Nearby Banks
AmBank (Penang, Menara Liang Court)
Citibank (Penang)
CIMB (Menara BHL)
Bank Islam (Georgetown)
UOB (Jalan Kelawei)
Affin Bank (Jalan Macalister)
Nearby Petrol Stations
Caltex
Petron (Jalan Macalister SS)
Shell (Penang Road)
Shell (Jalan Burmah Gt)
Petron (Belle Isle SS)
Shell (Jalan Kelawei Birch)
Nearby Police Stations
Ibu Pejabat Polis Kontinjen Pulau Pinang
Pondok Polis Komtar
Ibu Pejabat Polis Daerah Timur Laut
Balai Polis Central
Balai Polis Dato Kramat
Balai Polis Pulau Tikus
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High

Rent and Sale Prices in Georgetown

Bedrooms Sale Price Montly Rent Rental Yield
1 757,579 2,639 4.18%
2 652,881 2,368 4.35%
3 1,010,660 2,608 3.1%
4 2,297,865 4,489 2.34%
5 3,562,935 8,628 2.91%
1 5,510,000 9,000 1.96%
2 2,804,286 6,950 2.97%
3 1,924,464 3,518 2.19%
4 2,639,957 4,439 2.02%
5 4,023,503 11,617 3.46%

Price per Square Foot in Georgetown

Sector Price per ft2 (Non Landed) Price per ft2 (Landed)
Area Average 290 3,181
State Average 266 2,162

Highest Price Growth

Projects Annual Growth
Wisma Kebun Nyor 0.42%
Desa Pelangi 0.06%
Halaman Kristal 0.05%
PDC Flat 0.01%
Sri Saujana Apartment 0%

Lowest Price Growth

Projects Annual Growth
Medan Ria -0.1%
Kompleks Pulau Mutiara Flats -0.06%
Pengkalan Weld -0.05%
Sri York -0.01%
Pangsapuri Pelangi -0.01%

Past Transaction

From
To

Sale Price (RM PSF)

25th %
189
Median
380
75th %
556

Sale Price (RM per Unit)

25th %
140,000
Median
360,000
75th %
875,000

93 Projects/Townships (1,321 Transactions)

GEORGETOWN
Terrace House, Detached House, Semi-Detached House, Land, Low-Cost House, Flat, Residential
581
1,167,500
PDC Flat
Flat, Condominium/Apartment
165
85,000
Sri Saujana Apartment
Flat, Condominium/Apartment
207
135,000
Halaman Kristal
Condominium/Apartment, Flat
525
475,000
Sri York
Condominium/Apartment
597
729,000
Pangsapuri Pelangi
Flat, Condominium/Apartment
194
137,500
Kompleks Pulau Mutiara Flats
Flat
178
90,000
Sri Perdana
Condominium/Apartment
628
547,500
Taman Abidin
Flat, Terrace House, Condominium/Apartment
151
60,000
Taman Free School
Semi-Detached House, Terrace House, Flat
220
450,000
83 more project available…
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