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Penang market profile

Seberang Perai Tengah

Registered NAPIC/JPPH sale evidence with sample size, recent-period caveats and the property mix behind the median.

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Median sold priceRM 400,000
Median PSFRM 320
2021–2025 direction+15.6%
Source sample8,627

Median price in Seberang Perai Tengah

202120222023202420252026
Axis starts at RM361k, not zero. Final year is partial — late registrations still arriving.

Recent quarters remain provisional because NAPIC registrations can lag. The district median is descriptive evidence, not a formal valuation.

What the median here asks of a buyer

On the district median of RM 400,000, with a 10% deposit over 30 years at 4.2%.

Monthly instalmentRM 1,760
Cash needed before keysRM 54,000
Gross income neededRM 3,578/mo
Years of local income5.4× — severely unaffordable against RM 6,220/mo median household income here, DOSM 2022

The instalment and the cash are arithmetic. The income figure assumes a 60% debt-service ratio and no other commitments — a car loan or a card balance raises it, often sharply. Years of local income makes no assumption about lending at all, which is why both are shown. Run your own numbers.

What it rents for

Across Penang, landlords advertise a whole home at a median of RM 1,800/month, which is a gross yield of 5.3% against the state's registered median price — from 9,308 advertised homes.

This is Penang, not Seberang Perai Tengah. Rental listings are filed under suburb names that do not map onto the register's districts, so a district-level rent would have to be guessed. The rent is what landlords ask; the price is what buyers paid and lodged — so the yield is half advertised and half registered, and it is a gross figure before maintenance, assessment, vacancy and agent fees. Full rental yield analysis.

Latest evidence

Recent registered sales

All Seberang Perai Tengah records