Penang homes for sale and rent — from Tanjung Tokong to Batu Kawan.

Two per cent of the sale price plus eight per cent SST on that fee, invoiced only when the sale completes. Nothing is payable upfront and nothing is payable if the property does not sell. The Seventh Schedule of the Valuers, Appraisers, Estate Agents and Property Managers Act 1981 caps agency fees on subsale at three per cent, so we sit below the ceiling.

Yes, above the state’s minimum price and with State Authority consent. In Penang the floor is RM1,000,000 for strata on the island, RM3,000,000 for landed on the island, and RM500,000 on the mainland in Seberang Perai. Consent is applied for through the land office and takes roughly two to four months, and Penang applies a three per cent state levy on foreign acquisitions. Our Foreign & MM2H check on this site runs your case in about thirty seconds.

A straightforward freehold purchase with a loan runs about three to four months: earnest deposit on booking, the sale and purchase agreement executed within fourteen days, loan documentation, then a three-month completion period with a one-month extension available at eight per cent per annum interest on the outstanding balance. Anything needing state consent — leasehold, a restriction in interest, or a foreign buyer — runs six months. The Offer-to-Keys planner on this site gives you dated milestones.

If you are a Malaysian citizen buying your first residential property at RM500,000 or below, and the sale and purchase agreement is executed between 1 January 2026 and 31 December 2027, you get a full exemption on both the transfer stamp duty and the loan agreement stamp duty. Above that price the normal tiers apply: one per cent on the first RM100,000, two per cent to RM500,000, three per cent to RM1 million and four per cent above.

From 1 January 2026 non-citizens who are not permanent residents pay a flat eight per cent on the transfer instrument, replacing the tiered scale. Permanent residents are still assessed on the ordinary tiers. On a RM1,000,000 purchase that is RM80,000 rather than RM24,000, so it belongs in your budget from the first viewing, not at completion.

On island strata expect roughly RM0.28 to RM0.40 per square foot per month for the maintenance charge, plus a sinking fund contribution of about ten per cent of that. A 1,200 square foot unit at RM0.33 therefore costs around RM396 a month plus RM40 sinking fund. Ask for the audited accounts and the sinking fund balance before you commit — a low charge with an empty sinking fund is a bill waiting to arrive.