Have you ever wondered how much those bungalows in Penang are worth? Or perhaps, where the most expensive houses are located on the island? Let’s delve into the details and take a closer look at the top 5 most expensive residential properties that were sold in Penang in 2022.

#5 – 363w, Jalan Sultan Azlan Shah (Gelugor) – RM11,000,000

This is a freehold property consisting of a 2-storey detached building, which was built in early 2016, and is situated along Jalan Sultan Azlan Shah in Gelugor. The property encompasses two parcels of land and spans a total area of 13,519 sq.ft. A quick glance at Google Maps suggests that the building has a built-up area of over 8,000 sq.ft. [Google map]

#4 – 3-storey bungalow at Denai Bayu 22 (Seri Tanjung Pinang) – RM11,000,000

This 3-storey modern bungalow was built around 2016, located along Denai Bayu 22 in the highly coveted Seri Tanjung Pinang area. The freehold property boasts a land size of approximately 7,319 sq.ft. and a built-up space that likely exceeds 10,000 sq.ft.

#3 – Lot 925, Jalan Logan (George Town) – RM18,000,000

Located on Jalan Logan in George Town, this is a freehold land that spans an impressive 41,000 sq.ft.. The land comes with a 2-storey heritage building situated diagonally opposite the Daily Fish Restaurant. The property was purchased by a developer in early 2022 and is currently being planned for the construction of a 36-storey serviced residence. The existing heritage building will be restored as part of the development. [Google map]

#2 – 3, Jalan Lim Mah Chye (George Town) – RM21,000,000

Ranked second, this 2-storey detached house, which was built several decades ago, sits on a vast 62,592 sq.ft. of freehold land along Jalan Lim Mah Chye, nestled within an affluent neighborhood near the Penang Turf Club. [Google map]

#1 – 15, Jalan Batu Ferringhi (Tanjung Bungah) – RM25,000,000

The most expensive residential property has been sold at a whopping price tag of RM25 million. It is a 2-storey bungalow that was built several decades ago, also known as Boon Siew Beach Villa, situated on a freehold cliff land along the coastal road of Jalan Batu Ferringhi. The property offers an unobstructed panoramic seaview and sprawls across a vast land area of approximately 48,373 sq.ft. [Google map]

*This article is based on research conducted using information obtained from NAPIC, and the accompanying photos have been sourced from Google Street View.