Wiki Labs AI
Zones / Penang

George Town and Tanjung

Mixed tenants asking data · collected 2026-08-26 · refreshed weekly

A three-bedroom here rents for RM 2,000 a month and is typically taken within 37 days. That means the rent covers 77% of the bank installment. You top up RM 1,455 in cash monthly, but RM 589 of the installment becomes your own equity, so holding this asset really costs you about RM 866 a month.

2,000 RM/mo Median 3BR asking rent n=565 · 2026-08-26
2.00 RM psf Rent per sq ft n=839
587 RM psf Sale asking psf n=901
77 % Rent covers installment at 90% margin, 4.3%, 35y
37 days Median time listed n=605 · floor, see below
38 /100 Tenant demand from market behaviour
Cash truth

What this zone actually pays you

The median three-bedroom here asks RM 2,000 a month and, at the zone's asking psf, costs about RM 625,109 for 1,065 sq ft. Financed the way most Malaysian buyers finance, this is the arithmetic:

Deal calculator · pre-loaded with this zone's medians before income tax
Price
Monthly rent
Loan margin
Interest rate
Tenure
Cash out of pocket monthly
Becomes your equity (year-1 principal)
True monthly cost
Bank installment
Rent covers installment
Gross yield
Net yield, after running costs
Cash needed upfront
Cash-on-cash return
If rates rise 1%
If rates rise 2%

The equity line is real but locked: it is loan principal your tenant's rent repays, realised only when you sell or refinance, and it assumes the value holds. The cash line is what leaves your bank account now. Both are the truth; neither is the whole truth alone.

Running costs assume RM0.33 psf maintenance, one month's vacancy and one month's agent fee per year, 5% repairs, plus quit rent, assessment and insurance. Full itemisation in the methodology. Rental income is taxable at your marginal rate, so a positive figure here is better than reality.

Tenant demand · 38 / 100

Measured from the market, not the map

How fast units rent 46 / 100
typical listing is taken in 37 days · n=605
How hard the rent works 27 / 100
rent earns 4.09% a year of the purchase price

Days on market is a floor, not an exact figure: the source portal expires listings at about 60 days, so a very slow market and a moderately slow one can look the same. Points of interest below are context only; they do not feed this score.

Asking rent by layout

What each bedroom count rents for

1 bedroom RM 2,600n=38
2 bedroom RM 2,600n=114
3 bedroom RM 2,000n=565
4 bedroom RM 5,000n=84
5 bedroom RM 9,000n=29
6 bedroom insufficient sample (n=8)
Where the numbers come from

Two portals, weighted honestly

SourceSampledAdvertisedRent psfSale psf
mudah 1,374 7,302 2.00 563
propertyguru 553 12,700 2.00 695

187 units were advertised on both portals and counted once. Headline figures weight each listing by its portal's reachable inventory, so the median reflects the market rather than how many pages we fetched.

Repost collapsing reduced 1060 rental listings to 605. Without it the 3BR median would read RM 2,100 instead of RM 1,900. Treat that spread as the uncertainty band on the rent figures above.

Area context · measured from George Town centre

What surrounds it

Background only. None of this feeds the demand score.

Industrial sites + offices, 5 km23 + 137
Campuses + international schools, 5 km8 + 0
Hospitals, 5 km8
Malls + F&B, 2 km7 + 720
Nearest transit station 10 min walk

OpenStreetMap coverage is uneven in Malaysia; malls in particular are often untagged. Raw counts shown so the gaps stay visible.

Blocks · top 15 by rental supply

Where the listings cluster

BlockFor rentFor saleRent psfDays listed
The Meg by E&O 23 8 3.90 26
Tri Pinnacle 22 22 1.88 44
City Of Dreams 21 13 3.34 29
The Tamarind @ Seri Tanjung Pinang 19 13 2.92 29
I-Santorini 18 9 2.47 48
Codrington Residence 17 9 3.93 40
Puncak Erskine 16 9 1.21 41
Marina Bay Condominium 16 9 1.64 42
The Peak Residences 15 8 1.80 42
Andaman @ Quayside 15 3 3.65 45
The Landmark 13 4 2.93 31
Quayside 12 15 3.21 31
Gurney Paragon 12 10 2.76 24
Taman Bukit Erskine 11 9 1.71 32
Coastal Tower 11 13 1.75 38

246 rental and 151 sale listings carry no building identity and count toward the zone medians but not toward any block row. Supply pressure per block is not assessed until we hold verified unit counts.

Before you act on any of this These are asking figures. Transactions typically close 5 to 15% below asking. If a number here would change a decision, ask a human to verify it first. No sales script, no obligation.