Having a budget of only RM500,000 to buy a property in Penang Island? Consider these 10 attractive projects in 8 different locations (in no particular order)…

The Zen Condominium (Bayan Mutiara)

Undertaken by Asia Green at Bayan Mutiara. This development is just a short drive away from Penang World City integrated development, offering more than 1,200 affordable units from RM300,000 onwards. One of the most active affordable housing projects in 2018.

Grace Harmoni (Jelutong)

An affordable housing by Nova Land Development at Jelutong, easily accessible via Tun Dr. Lim Chong Eu Expressway. This development comprises a 44-storey skyscraper, featuring a mix of affordable housing and LMC units. The LMC unit starts from RM100,000 onwards.

SenzVilles (Sungai Ara)

A freehold condominium located in Sungai Ara. This is probably one of the lowest density high-rise residential development in the South East District of Penang Island, with a low starting price of RM200,000 for LMC units. Undertaken by Corfield Development, featuring 397 condominium units. Since this is not a fully affordable project, it’s open for non-Penangite.

Sunsuri Residences (Bayan Lepas)

This is a purpose-built residence by Ideal Property with Airbnb in mind. Strategically located along Jalan Tun Dr Awang, less than 2km away from Penang International Airport. It features 770 serviced residences with three different sizes – 500 sq.ft., 600 sq.ft. and 800 sq.ft. Indicative price from RM330,000 onwards.

PR1MA @ Batu Ferringhi

Penangites who are interested to stay near beaches, PR1MA affordable housing projects at Batu Ferringhi is now open for registration. It is located along Jalan Sungai Satu in Batu Ferringhi, offering a total 1,248 affordable units in two phases. Indicative price is RM300,000.

Fairview Residence (Sungai Ara)

A joint venture affordable housing development by BSG Property and VST Group in Sungai Ara. Located next to Setia Pinnacle by SP Setia, about 10 minutes drive away from Setia SPICE. The development comprises 750 affordable units, with standard built-up size of 970 sq.ft.

M Vista @ Southbay (Batu Maung)

A low-density residential development by Mah Sing Group, part of the company’s Southbay township development at Batu Maung. It is located just a stone’s throw away from Free Trade Zone, less than 5 minutes drive to Penang Second Bridge. This development featuring a 23-storey serviced residence, offering 237 units of residential suites with unit size ranges from 534 sq.ft. to 1,201 sq.ft. Indicative selling price from RM364,000.

Sandilands Foreshore (George Town)

Strategically located along Lintang Macallum 2 in George Town, this is one of the few popular affordable housing projects in Penang. it is undertaken by Tah Wah Group, comprises a 48-storey building featuring a mix of affordable houses, LMC and commercial suites.

PR1MA @ Gelugor

This development is strategically located on Kampung Kastam land near the intersection of Jalan Bukit Gambier and Jalan Lembah, undertaken by Ideal Capital Venture Sdn. Bhd. It’s only less than 2km away from University Science Malaysia (USM). Featuring over 1,000 units of affordable and LMC units. The official launch of this project is expected to be in early 2019.

Urban Suites (Jelutong)

Commercial suites by Cosmopolitan Homes located within an established township at of Jelutong, Penang. It is easily accessible via Dr Lim Chong Eu Expressway and surrounded by an abundance of amenities. Lowest selling price starts from RM360,000 for the smallest unit.