Penang has quite a number of property developers, reflecting its vibrant real-estate market. For the past ten years, most of the residential development projects on Penang Island are mostly high-rise apartments and condominiums, along with high-end landed properties.
The scarcity of land for residential development has made Penang one of the most densely developed states in the country. Real estate prices on the island has remained strong due to high demand, though this is not always reflected in occupancy. Many of the high-end residential properties remain vacant long after they are completed, with many luxury condominiums registering low occupancies.
On this page are some of the property developers in Penang. If you are looking for someone to construct a building for you, see the list under Construction Companies in Penang.
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