Penang Industrial Property Prices (2026)
A factory in Penang typically sells for RM 431 per sq ft of floor space, based on 762 sales from 2021 to 2026. That is 6% more than the typical factory in Malaysia. Bayan Lepas (Barat Daya) is the priciest area at RM 764, Seberang Perai Tengah the cheapest at RM 349.
Penang areas ranked by factory price
Typical price per sq ft of floor space, 2021 to 2026. An area needs at least 30 sales to be listed. Tap an area for its full page.
Orange line: Penang typical, RM 431. Dashed line: Malaysia typical, RM 407.
Before you buy or sell in Penang
- A semi-D factory costs about RM 450 more per sq ft than a terrace factory here.
- Freehold and leasehold factories sold for similar prices here: RM 432 and RM 408 per sq ft.
- Typical sale priceRM 1.5M
- Sales recorded762
- PeriodJan 2021 to Jun 2026
- Freehold90% of sales
What does "typical" mean here?
Line up every sale from cheapest to most expensive and take the one in the middle: half sold for more, half for less. Unlike an average, one RM 40 million mega-deal cannot drag it up.
Prices by factory type in Penang
| Factory type | Sales | Typical price | Typical per sq ft |
|---|---|---|---|
| Terrace factory | 365 | RM 820,000 | RM 318 |
| Semi-D factory | 261 | RM 2.8M | RM 765 |
| Detached factory | 77 | RM 7M | RM 437 |
| Industrial unit (strata) | 59 | RM 590,000 | RM 434 |
Types with fewer than 10 sales are left out, because a handful of deals can swing the figure.
Price per sq ft by year in Penang
| Year | Typical per sq ft | Sales |
|---|---|---|
| 2021 | RM 493 | 65 |
| 2022 | RM 424 | 244 |
| 2023 | RM 439 | 222 |
| 2024 | RM 429 | 160 |
| 2025 | RM 405 | 46 |
| 2026 (so far) | RM 469 | 25 |
NAPIC adds late sales for months, so the latest year is incomplete.
Freehold or leasehold in Penang
- FreeholdRM 432 per sq ft, 686 sales
- LeaseholdRM 408 per sq ft, 76 sales
Freehold and leasehold factories sold for similar prices here: RM 432 and RM 408 per sq ft.
Land value in Penang
Price per sq ft of land: RM 340. The sale price divided by the land area, so it includes the building.
Compare states
- Kuala LumpurRM 655304 sales304
- SelangorRM 5175,297 sales5,297
- PenangRM 431762 sales762
- SabahRM 401433 sales433
- JohorRM 3751,643 sales1,643
- SarawakRM 350314 sales314
- PerlisRM 26633 sales33
- Negeri SembilanRM 251685 sales685
- MelakaRM 248426 sales426
- KedahRM 237343 sales343
- PerakRM 208653 sales653
- PahangRM 190150 sales150
Dashed line: Malaysia typical, RM 407.
Selling a factory in Penang?
Jay Kew (REN57969) checks your price against the sales on this page and the factories listed nearby. Free.
Questions about Penang factory prices
What is the average factory price per sq ft in Penang?
The typical factory in Penang sold for RM 431 per sq ft of floor space from 2021 to 2026, based on 762 sales.
Which Penang area has the cheapest factories?
Seberang Perai Tengah, at RM 349 per sq ft, based on 352 sales. The priciest is Bayan Lepas (Barat Daya) at RM 764.
Is freehold more expensive than leasehold in Penang?
Freehold and leasehold factories sold for similar prices here: RM 432 and RM 408 per sq ft.
How these figures are worked out
Source: NAPIC Open Sales Data, sales recorded from January 2021 to June 2026. "Typical" is the median: half of the sales were higher, half lower. "Half of sales between" is the 25th to 75th percentile. We leave out sales under RM 50 or over RM 5,000 per sq ft, and landed sales whose recorded floor space is under a fifth of the land (usually the office floor only). Strata units use their unit area. A place needs 30 sales for a page, a type 10 sales for a row and a year 20 sales for a bar. NAPIC adds late sales for months, so the latest year is incomplete. Last updated 10 October 2026. Figures prepared by Jasper Wu (data) and Jay Kew, REN57969.