From
RM789k
Price From
RM789k
Subsale Transaction Data
VerifiedOfficial govt records for FERRINGHI RESIDENCE 2
Transactions
4
Median PSF
RM658
Latest
Nov 2025
Ferringhi Residence 2 Review — Worth Buying?
NP Score
7.5/10
Worth Considering
Penang Median
RM658
verified PSF
The case for buying
- Penang location offers strong tourism and economic growth potential
- Affordable entry price under RM800k for freehold property
- Mah Sing Group reputation ensures quality construction and management
- Condominium living provides rental income and capital appreciation opportunity
- Freehold tenure provides long-term ownership security and value
The honest verdict
Value & Pricing
The entry price of RM788,584 positions Ferringhi Residence 2 competitively within Penang's mid-range condominium segment, offering reasonable value for freehold tenure, though actual ROI depends on final built quality and unit finishes relative to comparable developments.
Location & Connectivity
Ferringhi's beachfront locality provides lifestyle appeal and tourism proximity, but the absence of nearby MRT access limits public transportation options and may reduce long-term appeal for commuters relying on mass transit to Penang's commercial hubs.
Risk & Timing
The non-specified completion date presents uncertainty regarding occupancy timelines and market conditions at delivery; buyers should seek clarity on this timeline, as Penang's property market remains subject to economic cycles and tourism-dependent demand fluctuations.
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- Area income profile (DOSM)
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Project Details
Property Type
Condominium
Land Tenure
Freehold
Construction Status
Recently Completed
Bumi Discount
Not Available
Ferringhi Residence 2 Video Tour
Watch a video tour of Ferringhi Residence 2, Penang. Condominium by Mah Sing Group.
Video sourced from YouTube. Not affiliated with the developer.
More videos →Why Consider Ferringhi Residence 2?
Based on location data and market analysis
- ✓Penang location offers strong tourism and economic growth potential
- ✓Affordable entry price under RM800k for freehold property
- ✓Mah Sing Group reputation ensures quality construction and management
- ✓Condominium living provides rental income and capital appreciation opportunity
- ✓Freehold tenure provides long-term ownership security and value
Investment Snapshot
Based on verified transaction data for Penang
Est. Monthly Rental
RM2,800–3,800
Based on similar properties in Penang
Gross Rental Yield
4.5%–5.5%
Annual rental / property price
Airbnb Estimate
RM4,200/mo
RM185/night × 76% occupancy · 6.4% gross yield
Area Price Trend
+10.6%
Verified sold prices 2021–2025
Price-to-Income
10.1x income
Lower = more affordable (avg 6.8x)
Estimates based on verified transaction data for similar properties in Penang (2021–2025). Not financial advice.
See full area analysis →Check subsale transaction history
Browse real verified transaction prices for nearby properties
What's Nearby
To see estimated commute time
Powered by Google Maps · Walking times are estimates only
Mortgage Calculator
Est. monthly repayment
RM 3,596/mo
Based on 10% down, 30yr tenure at 4.5% p.a.
Upfront costs
Frequently Asked Questions
What is the price of Ferringhi Residence 2?▼
Ferringhi Residence 2 starts from RM789k. Contact the developer directly on NewProjek for the latest pricing.
Where is Ferringhi Residence 2 located?▼
Ferringhi Residence 2 is located in Penang, Malaysia.
Who is the developer of Ferringhi Residence 2?▼
Ferringhi Residence 2 is developed by Mah Sing Group. They are a verified developer on NewProjek.
What type of property is Ferringhi Residence 2?▼
Ferringhi Residence 2 is a Condominium development with Freehold tenure.
What is the construction status of Ferringhi Residence 2?▼
Ferringhi Residence 2 is currently Recently Completed.
Berapa harga Ferringhi Residence 2?▼
Ferringhi Residence 2 dijual bermula dari RM789k. Hubungi pemaju terus melalui NewProjek untuk senarai harga terkini.
Looking to buy or rent Ferringhi Residence 2?
This project is newly completed. Browse subsale transactions, current listings, and market data below.
View Transaction History (4 txns)Find Subsale ListingsOr search rentals →Still want to contact the developer? (e.g., for clubhouse access, complaints, second-phase info)
Contact developer →
Mah Sing Group
Malaysia's leading property developer with award-winning residential and commercial projects.
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View all projects by Mah Sing Group →Verified Transaction Data
What do units here actually sell for?
Real stamped SPA prices — not asking prices. From RM69.90.
View 4 Transactions →You May Also Like
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