Top 5 New Launch Properties in Penang for Foreign Buyers in 2025

Penang is emerging as one of Southeast Asia’s top property investment destinations, and savvy foreign buyers are catching on fast—especially when it comes to pre-launch and newly launched projects.

Whether you’re a retiree looking for a peaceful home by the sea, an accompanying study family seeking international school access, or an investor focused on capital growth, these five projects represent some of the best opportunities available in 2025.

 1. The Crown at Straits Quay

Location: Jalan Seri Tanjung Pinang, Tanjung Tokong (Straits Quay)

Why It’s Special:

• Located within the Straits Quay masterplan, next to the marina and international retail promenade

• Walking distance to Tenby International School, Lotus’s Supermarket, cafes, and medical clinics

• Low-density development with premium sea-view 1+1 bedroom units

• Ideal for own stay, vacation home, or short-term rental investment (Airbnb-friendly)

Accessibility:

• 10 minutes to Gurney Drive

• 20 minutes to George Town

• Well-connected via Jalan Tanjung Tokong and upcoming LRT (proposed)

Ideal For: Foreign retirees, solo professionals, Airbnb investors

2. Hotel-Branded Residence in Gurney Area (Brand name excluded)

Location: Gurney Drive, George Town

Why It’s Special:

• Part of a luxury hotel development, offering 5-star services, concierge, housekeeping, and world-class amenities

• Sea-facing units with premium finishes

• Branded residence with future appreciation value due to limited supply in Penang

Accessibility:

• Along Gurney Drive, one of Penang’s most prestigious addresses

• Walking distance to Gurney Plaza, Gurney Paragon Mall, and various F&B hotspots

• 5 minutes to Gleneagles Penang and Island Hospital

Ideal For: High-net-worth individuals, expats, vacation homeowners

3. Lumina Residence – Jalan Burma

Location: Jalan Bagan Jermal / Jalan Burma, between Pulau Tikus & Gurney Drive

Why It’s Special:

• Boutique low-density development in one of Penang’s most desirable neighborhoods

• Short walking distance to Gurney Plaza, adventist Hospital, international schools, and local markets

• Peaceful yet central—perfect for long-term family living or retirement

Accessibility:

• Located on a quiet street with easy access to Pulau Tikus and George Town

• Surrounded by amenities: shopping, healthcare, schools, and restaurants

Ideal For: Retirees, accompanying study families, long-term investors

4. Lightwater Residence @ The Light City

Location: Off Tun Dr Lim Chong Eu Expressway, adjacent to Penang Waterfront Convention Centre (PWCC)

Why It’s Special:

• Part of The Light City integrated development

• Directly next to Penang’s newest upcoming mall, PWCC Waterfront Shoppes

• Units offer panoramic sea views and luxury resort-style amenities

Accessibility:

• Direct highway access (Lim Chong Eu Expressway) to:

  • George Town (5 mins)

  • Penang Bridge (8 mins)

  • Bayan Lepas Free Industrial Zone (15 mins)

• Near proposed LRT line (future connectivity boost)

Ideal For: Families, business travelers, investors looking for high capital gain

 5. Q3 Queen’s Waterfront Residence

Location: Persiaran Bayan Bay, Bayan Lepas
 Opposite Queensbay Mall

Why It’s Special:

• Seafront condo facing Pulau Jerejak, opposite the island’s largest mall—Queensbay Mall

• Thoughtful layouts with practical sizes, some with full sea views

• Strategic positioning between Penang’s airport and first bridge—great for rental and own use

Accessibility:

• 5 minutes to Penang First Bridge

• 8 minutes to Penang International Airport

• Close to FTZ (Free Trade Zone)—ideal for working professionals

Ideal For: Investors, digital nomads, working professionals, or Airbnb buyers

Why Foreigners Are Buying Pre-Launch in Penang

• Freehold Title: Most Penang condos offer permanent ownership

• Progressive Payment Scheme: Flexible payment over construction period

• No Inheritance Tax: Properties can be passed to children with no extra cost

• Reasonable Entry Price: Much lower than comparable cities like Singapore or Hong Kong

• High Build Quality: Most developers deliver well-designed, spacious homes with practical layouts

Ready to Explore?

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