I from Penang and starting to see affordable houses selling from 400k to 500k. The normal condo bought by my friend 2 years ago at 600k and the new launch now is around 660k, which is about 10% increased.

I bought another condo during MCO around 600k+ at good location in Penang and the price increased to 800k (based on sub-sale market), not going to sell since planning to stay.

I also managed to rent out 3 of my parent's houses during MCO (full rental) and with everything increased in price, house will also increased...

Penang people are strong and solid cos of their background, education level, earning and foreign income etc. Many of my friends around my age 30 bought houses too, (8/10) already got properties and holding high position in company. I am happy to see that the affordable house starting to sell around 450k to 500k. The normal condo will be higher.

In Penang, most of the properties increased by 10% for this year, so if the demand is not good.

Developers will give more rebate to reduce their price, this is what happen in June 2020. I grab one after developer reduced 20%.

My advice is boycott them first, what the developers offering is the price in 2025, so we wait them to reduce their profit margin and looking for RM800k house (tough market) now.