Rediscover

Bayan Lepas

The median sale at Bayan Lepas, Penang, Malaysia is RM 401,000

25%
RM 250,000
RM 366 (PSF)
MEDIAN
RM 401,000
RM 440 (PSF)
75%
RM 628,000
RM 519 (PSF)

 

Overview

Besides being home to the Penang International Airport which is some five kilometres away from the Industrial Free Zone, known for its semiconductor multinational companies, Bayan Lepas is also known for the island's tourist attraction of the Snake Temple.

The small town centre can be found at the junction of what was known as Jalan Sungai Ara or Jalan Dato Ismail Hashim and Jalan Bayan Lepas. It is also where the market is located.

Property Development

Located some 12.2km from the Penang Bridge, it was reported in November that there would be a total of some 60 acres in land reclamation in two neighbourhoods – Bayan Bay and Bayan Mutiara. This will see the construction of a velodrome, football field, an international swimming pool and houses.

Separately, as part of a federal government project, some shophouses, including pre-war houses, were broken down before mid-2015 for road expansion and the plan is speculated to include the Department of Civil Aviation, the Bayan Lepas community hall and the police station and its living quarters. It was also reported that the road expansion to ease traffic congestion after the opening of the Second Penang Bridge of the Sultan Abdul Halim Muadzam bridge which is some 17.8km away, will include two overhead bridges.

Amenities and Facilities

Located some 27km from Georgetown City and connected to it via the Tun Dr Lim Chong Eu Expressway, Bayan Lepas houses Penang's largest shopping mall – Queensbay Mall.

Hotels are not in abundance in Bayan Lepas except for Eastin Hotel, next to Queensbay, but a few are located very close to its boundaries including Equatorial Hotel in Bukit Jambul and Olive Tree Hotel. There are also many vacation homes and service apartments within Bayan Lepas.

The Rapid Penang bus service plies through Bayan Lepas' town and villages and there are many eateries, including the Line Clear branch, seafood restaurants and coffee shops. Other facilities in the town include clinics and department stores like Sunshine Square.

Past Transactions

Project / TownShipsTypeMedian Price PsfMedian PriceFiled Transactions
Setia Pearl IslandFlat,Semi-Detached House,Terrace HouseRM 440RM 617,03368 Transactions
Idaman SelasihCondominium/Apartment,FlatRM 186RM 125,50867 Transactions
Mutiara PerdanaCondominium/Apartment,FlatRM 317RM 230,62361 Transactions
Desa Bayan ApartmentCondominium/Apartment,FlatRM 397RM 281,57547 Transactions
Saujana HeightsCondominium/Apartment,FlatRM 292RM 160,51245 Transactions
Taman Tunas DamaiCondominium/Apartment,Flat,Terrace HouseRM 368RM 329,38142 Transactions
Arasia Perdana (The Clovers)Condominium/ApartmentRM 423RM 630,83941 Transactions
Taman Sri NibongCondominium/Apartment,Flat,Terrace HouseRM 428RM 474,22041 Transactions
Tree Sparina @ Ideal Vision ParkCondominium/ApartmentRM 504RM 596,95838 Transactions
Mutiara Perdana 2Flat,Terrace HouseRM 308RM 197,93430 Transactions
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Rent and Sale Prices in Bayan Lepas

BedroomsSale PriceMonthly RentRental Yield
1RM --RM ----
2RM 227,234RM 1,8509.77%
3RM 542,099RM 1,5343.4%
4RM 816,278RM 1,8612.74%
5RM --RM ----

Price per Square Foot

SectorPrice Psf (Non Landed)Price Psf (Landed)
Area AverageRM 340RM 565
State AverageRM 328RM 262