New Property Launches in Penang

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About Penang

Penang spans the heritage city of Georgetown and the island’s east coast at Gelugor, plus the fast-growing mainland township of Batu Kawan at the foot of the Second Penang Bridge.

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The state’s most active new-launch market is Batu Kawan, Penang’s third satellite city, anchored by Design Village, IKEA and the 415-acre Penang Science Park. On the island, Gelugor offers seafront and city-fringe high-rise near Universiti Sains Malaysia, while Georgetown’s UNESCO core limits new supply to its fringe. Bukit Mertajam serves the mainland interior. The First and Second Penang Bridges link island and mainland. Browse by area below to compare projects within a specific Penang district.

Island & MainlandSecond Penang BridgeBatu Kawan Growth

Penang New Launch FAQ

Which Penang areas have new property launches?

Current Penang new launches are concentrated in Batu Kawan on the mainland, plus Gelugor, Georgetown and Bukit Mertajam. Use the Browse by Area links on this page to open a specific district.

Why is Batu Kawan growing so fast?

Batu Kawan sits at the mainland foot of the Second Penang Bridge with direct access to Penang Island and the Bayan Lepas industrial zone, anchored by the 415-acre Penang Science Park, Design Village and IKEA. It is Penang’s most active new-project corridor.

Can foreigners buy property in Penang?

Yes, subject to the Penang state minimum purchase price, which differs between the island and the mainland and between landed and high-rise. Message us for the current thresholds.

Are Penang new launches freehold or leasehold?

Both. Aspen Vision City and Savantia Valley projects in Batu Kawan are freehold, while some township and island parcels are leasehold. Each project page lists its exact tenure.

How do I travel between Penang Island and the mainland?

The First Penang Bridge connects Gelugor to Perai, and the Second Penang Bridge connects the island to Batu Kawan, with the Penang ferry also linking Georgetown to Butterworth.

Frequently Asked Questions about New Launch Properties in Penang

How much down payment do I need for a new launch in Penang?

Home loans in Malaysia typically cover up to 90% of the property price, so buyers usually prepare around 10% plus transaction costs. Some new launches come with lower upfront packages — check each project page or enquire via WhatsApp.

What extra fees should I budget when buying a new launch?

Besides the purchase price, budget for stamp duty on the Sale and Purchase Agreement and the loan agreement (loan stamp duty is about 0.5% of the loan amount), legal fees, and loan processing or disbursement costs.

What is a booking fee or earnest deposit?

A booking fee (earnest deposit) is a small percentage of the price paid to reserve a unit before signing the Sale and Purchase Agreement (SPA).

How does payment work for an under-construction project?

Under-construction homes follow a progressive payment schedule tied to construction milestones set out in the SPA, so you do not pay the full amount upfront.

What is the difference between freehold and leasehold?

Freehold has no fixed ownership period, while leasehold is held for a set term (commonly 99 years). Each project page shows its exact tenure and land title.

When will a new launch project be completed?

Each listing shows the project expected completion or vacant possession (VP) date. New launch homes are usually handed over a few years after launch.

Can foreigners buy property in Penang?

Foreigners can buy above a state minimum price threshold, and many projects in Penang are foreigner-friendly. Confirm eligibility on each project page or via WhatsApp.

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