2-storey Terrace @ Taman Riang, Butterworth
Powered by NAPIC + DOSM data
Generated 29 April 2026
Developer
—
Location
Butterworth, Penang
Type
Landed House
Price
RM978k+
Tenure
Freehold
Completion
—
NewProjek Verdict
- •2-storey Terrace @ Taman Riang, Butterworth by the developer is a Landed House development in Butterworth, Penang starting from RM978k.
- •With Freehold tenure, it offers a new launch opportunity worth evaluating against comparable projects in the area.
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 (NAPIC)
| 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%
NAPIC 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 |
| Mekarsari Phase15, Terrace House @ Bertam, Kepala Batas | Kepala Batas | RM500k | New Launch |
| Mekarsari Phase13, Semi-D House @ Bertam, Kepala Batas | Kepala Batas | RM503k | New Launch |
Why Consider
- • Freehold tenure ensures permanent ownership and wealth building
- • Butterworth strategic location bridging Penang Island and mainland
- • Affordable 2-storey terrace at under RM1 million
- • Established residential area with existing community infrastructure
- • Strong rental demand from commuters and working professionals
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 NAPIC, 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.