2-storey Terrace @ Taman Riang, Butterworth
Powered by verified data + DOSM
Generated 14 June 2026
Developer
—
Location
Butterworth, Penang
Type
Landed House
Price
RM978k+
Tenure
Freehold
Completion
—
NewProjek Verdict
- •**Value & Pricing**: RM978,000 entry price is competitive for a freehold 2-storey terrace in Butterworth, offering reasonable value for first-time buyers or investors seeking affordable landed property, though long-term appreciation may be moderate given the location tier.
- •**Location & Connectivity**: Butterworth lacks MRT connectivity and relies on road-based transport; proximity to Penang Bridge and local amenities provides some accessibility, but the area offers limited public transport options compared to Penang Island developments.
- •**Risk & Timing**: Unspecified completion date presents execution risk and delays buyer occupancy timelines; Butterworth's slower growth trajectory compared to island developments warrants careful consideration of holding periods and market conditions before purchase commitment.
NewProjek Score
6
Moderate
- • Developer verification status not confirmed
- • Freehold tenure provides long-term ownership security
- • Priced 69% above area median — premium pricing
Is this project priced fairly?
Pulau Pinang — Median Condo Prices (Verified)
| Year | Median Price | YoY Change |
|---|---|---|
| 2021 | RM470,000 | — |
| 2022 | RM482,000 | +2.6% |
| 2023 | RM495,000 | +2.7% |
| 2024 | RM508,000 | +2.6% |
| 2025 | RM520,000 | +2.4% |
Est. Monthly Rental
RM3,500–4,700
Based on similar properties in Penang
Gross Rental Yield
4.5%–5.5%
Annual rental / property price
Area Price Trend
+10.6%
Verified data 2021–2025
Price-to-Income
12.5x
National avg: 6.8x
Loan Eligibility by Salary
| Monthly Salary | Max Affordable | Can Afford? |
|---|---|---|
| RM5,000 | RM704k | No |
| RM7,000 | RM1.0 mil | Stretch |
| RM10,000 | RM1.5 mil | Yes |
| RM15,000 | RM2.3 mil | Yes |
| RM20,000 | RM3.2 mil | Yes |
Based on 4.5% interest, 35-year tenure, 70% DSR, RM500 existing commitments, 90% loan margin
DOSM income data for Penang
Median Household Income
RM6,502/mo
DOSM 2022
Mean Household Income
RM8,267/mo
DOSM 2022
Households Above RM8k
~37%
Estimated for Penang
Similar projects in Penang
| Project | Location | Price From | Status |
|---|---|---|---|
| Sinaran Residences @ Utropolis Batu Kawan, Penang | Batu Kawan | RM500k | New Launch |
| M Zenni @ Batu Maung, Penang Mah Sing Group | Batu Maung, Penang | RM531k | — |
| M Zenni Mah Sing Group | Batu Maung | RM531k | New Launch |
Why Consider
- • Freehold terrace in established Butterworth neighbourhood
- • Competitive RM978,000 price point for landed property
- • Strategic Penang location with growth potential
- • 2-storey design offers spacious family living
- • Accessible connectivity to Penang island via bridges
Risk Factors
- • Under construction — completion delays are possible
- • Premium pricing relative to area median may limit resale upside
- • No MRT/LRT station listed nearby — may affect future demand
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Disclaimer: This report is generated using publicly available data from the government, DOSM, and developer disclosures. Rental estimates, yield projections, and risk assessments are indicative only and do not constitute financial advice. Market conditions may change. Consult a licensed property valuer or financial advisor before making investment decisions. NewProjek is not responsible for any decisions made based on this report.