George Town (Timur Laut) Industrial Property Prices (2026)
A factory in George Town (Timur Laut) typically sells for RM 539 per sq ft of floor space, based on 72 sales from 2021 to 2026. That is 25% more than the typical factory in Penang, and 32% more than across Malaysia.
Before you buy or sell in George Town (Timur Laut)
- A terrace factory costs about RM 270 more per sq ft than a strata industrial unit here.
- George Town (Timur Laut)RM 539
- PenangRM 431
- MalaysiaRM 407
- Typical sale priceRM 770,000
- Sales recorded72
- PeriodOct 2021 to Jun 2026
- Freehold89% 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 George Town (Timur Laut)
| Factory type | Sales | Typical price | Typical per sq ft |
|---|---|---|---|
| Terrace factory | 14 | RM 1.9M | RM 725 |
| Industrial unit (strata) | 54 | RM 610,000 | RM 459 |
Types with fewer than 10 sales are left out, because a handful of deals can swing the figure.
Freehold or leasehold in George Town (Timur Laut)
- FreeholdRM 472 per sq ft, 64 sales
Land value in George Town (Timur Laut)
Price per sq ft of land: RM 778. The sale price divided by the land area, so it includes the building.
Compare Penang areas
Orange line: Penang typical, RM 431. Dashed line: Malaysia typical, RM 407.
Selling a factory in George Town (Timur Laut)?
Jay Kew (REN57969) checks your price against the sales on this page and the factories listed nearby. Free.
Questions about George Town (Timur Laut) factory prices
What is the average factory price per sq ft in George Town (Timur Laut)?
The typical factory in George Town (Timur Laut) sold for RM 539 per sq ft of floor space from 2021 to 2026, based on 72 sales.
How much is industrial land worth in George Town (Timur Laut)?
Factory sales in George Town (Timur Laut) work out at about RM 778 per sq ft of land, based on 18 sales of landed factories. That figure divides the sale price by the land area, so it includes the building.
How these figures are worked out
Source: NAPIC Open Sales Data, sales recorded from October 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.