Penang’s housing market in three charts
Compare Penang housing transactions, sales value and completed unsold homes from H1 2024 to H1 2026, with buyer considerations for 2027.
Reviewed and published by PropIn · Reviewed
THE STORY IN BRIEF
Summary and key findings
NAPIC’s first-half 2026 report shows fewer residential transactions in Penang than in the same period of 2025, alongside more completed unsold homes. The state’s breakdown shows that roughly half of those unsold homes were priced at RM500,000 or below.
Sales slowed in the first half of 2026
Penang recorded 6,979 residential transactions worth RM3.19 billion. The transaction count fell 13.1% from H1 2025.
Completed unsold stock increased
NAPIC counted 3,114 completed unsold homes in H1 2026, up from 2,485 in H1 2025.
The stock spans several budgets
The state’s breakdown put 1,603 unsold completed units at RM500,000 or below and 299 at RM1 million or above.
View original post
Source NAPIC Northern Region Property Market Report
Read PropIn’s report summary
The three charts use the same first-half reference periods from NAPIC. Transaction totals measure activity during the half year. Completed unsold stock is a separate count at the reporting point. The series below uses the comparable published 2024–2026 window.
PROPIN ANALYSIS
Why this matters
- From H1 2025 to H1 2026, residential transactions fell by 1,049. A slower statewide count can prompt a closer look at the area and budget you are considering.
- Completed unsold homes rose by 629 over the same first-half comparison. Check whether the additional stock overlaps with the location and layout you want.
- Around half of the completed unsold stock was priced at RM500,000 or below. Compare actual offers and costs for a specific unit before drawing conclusions about negotiation room.
FROM THE START TO WHAT’S NEXT
Timeline and milestones
H1 2024Comparison baseline
Penang recorded 8,243 residential transactions and 2,400 completed unsold homes.
H1 2026Latest figures in this story
Penang recorded 6,979 transactions and 3,114 completed unsold homes.
2027Next indicators
Follow comparable NAPIC releases for completed stock and transactions by location and price.
1 · Residential transactions
2 · Residential transaction value
3 · Completed unsold homes
What to watch in 2027
Which price bands absorb stock
Track completed unsold homes by district and price band as new completions enter the market.
Which units buyers can actually view
A completed alternative gives a direct comparison for light, traffic, lift wait, furnishing and maintenance.
How financing changes your choice
Compare the total upfront cash and monthly outgoings for a ready home and a later handover.
PROPIN OUTLOOK
What buyers and investors can expect
- Buyers who can move soon
View comparable completed homes in your chosen price band. Check maintenance, condition and the real cost to move in before weighing a developer package.
- Buyers considering a new launch
Ask which projects will hand over in the same period. A future supply figure is most useful when the district and property type match your shortlist.
CONTINUE YOUR SHORTLIST
Recommended projects
Own-stay projects to compare
Compare an available completed reference with later delivery targets and different daily routes. The shortlist is separate from the statewide unsold stock count.
CondominiumAdd to comparePrai
Paradigm Suites
From RM 595,000 indicative SPA
- Tenure
- Freehold residential title
- Completion
- Completed
- Bedrooms
- 3+1 / 4+1
- Built-up
- 1,272–1,593 sq ft
CondominiumAdd to compareButterworth
Silkspring Residence
From RM 527,650 indicative SPA
- Tenure
- Freehold residential strata title
- Completion
- Est. 2029
- Bedrooms
- 3
- Built-up
- 1,172 sq ft
CondominiumAdd to compareGelugor & The Light Waterfront
The Fount @ The Sanctuary
From RM 843,000 indicative SPA
- Tenure
- Freehold - Residential
- Completion
- Target Q1 2030
- Bedrooms
- 3 / 3+1 / 4+1
- Built-up
- 957–1,463 sq ft
Compare the shortlist
Swipe or scroll the table on smaller screens. Confirm price, title, suitability and completion for the selected unit.
REGISTER YOUR INTEREST
Get help with your Penang shortlist
Tell Willy which project or location you want to compare.
Questions and answers
How many completed unsold homes did Penang have in H1 2026?
NAPIC recorded 3,114 completed unsold residential units in Penang.
Did residential sales rise or fall?
Penang recorded 6,979 residential transactions in H1 2026, down 13.1% compared with H1 2025.
What should I compare before buying in 2027?
Compare units in the same location and price band, including total purchase cost, actual handover and maintenance.
Sources and updates
View sources and updates
- NAPIC · Northern Region Property Market Report H1 2026, charts 7, 8 and 10 ↗
- Buletin Mutiara · State Assembly breakdown of completed unsold homes by price ↗
Sources reviewed on .
Explore with map filters© OpenStreetMap contributors · Leaflet
FIND YOUR NEXT PROPERTY
Back to New Launches
Browse Penang projects by location, indicative price, layout and completion. Save a shortlist and compare the details that matter to you.
Explore New Launches