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
8/10
Worth Considering
Penang Median
RM658
verified PSF
The case for buying
- Penang location offers growing economic opportunities and lifestyle appeal
- Affordable freehold condominium under RM800k entry price point
- Mah Sing Group reputation ensures quality construction standards
- Strategic Penang property market with strong rental demand
- Freehold tenure provides long-term ownership security benefits
The honest verdict
Pricing & Value
Unit prices starting from RM788,584 offer moderate affordability for Penang's condominium market, though the absence of specified completion timeline creates uncertainty regarding actual market value at delivery and potential price appreciation.
Location & Connectivity
Ferringhi's beachfront positioning provides lifestyle appeal and tourism proximity, but the lack of nearby MRT connectivity limits accessibility for commuters, requiring reliance on personal vehicles or bus networks to reach employment centres.
Risk & Timing
The undisclosed completion date presents a material risk for investors, as extended timelines may impact rental yields and resale liquidity; buyer protections should be thoroughly reviewed given Mah Sing Group's track record, though the developer's established reputation provides moderate mitigation against delivery failure.
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- Market price analysis — is it fairly priced?
- Investment analysis — rental yield & capital growth
- Loan eligibility — salary needed to buy
- Area income profile (DOSM)
- Comparable projects side-by-side
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Project Details
Property Type
Condominium
Land Tenure
Freehold
Construction Status
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 growing economic opportunities and lifestyle appeal
- ✓Affordable freehold condominium under RM800k entry price point
- ✓Mah Sing Group reputation ensures quality construction standards
- ✓Strategic Penang property market with strong rental demand
- ✓Freehold tenure provides long-term ownership security benefits
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
8.9x 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
Can I afford this?
Estimate only — actual bank approval depends on your credit profile and existing commitments.
Est. monthly repayment
RM 3,228/mo
Based on 10% down, 35yr tenure at 4.2% p.a.
Minimum gross monthly income typically needed
RM 5,380/mo
Assumes no other debts, at a comfortable 60% DSR. Banks allow up to ~70% — existing car/personal loans lower how much you qualify for.
Check with your real income →Estimated cash needed upfront
Part of your down payment and stamp duty can often be covered using EPF Account 2 savings (subject to eligibility and withdrawal limits).
Full stamp duty & legal fee breakdown →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 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 already 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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