2-storey Terrace @ Taman Riang, Butterworth
Powered by verified data + DOSM
Generated 29 July 2026
Developer
—
Location
Butterworth, Penang
Type
Landed House
Price
RM978k+
Tenure
Freehold
Completion
—
NewProjek Verdict
- •**Value & Pricing**: At RM978,000 for a 2-storey terrace in Butterworth, the pricing is competitive for the Penang landed property market, though buyers should verify actual built-up size and finishes against comparable units in the vicinity to assess true value proposition.
- •**Location & Connectivity**: Butterworth offers moderate accessibility to George Town via the Second Penang Bridge and Sultan Halim Muadzam Shah Bridge, but the absence of nearby MRT connectivity limits convenience; reliance on personal vehicles or bus transport may affect long-term desirability as public transit expands elsewhere in Penang.
- •**Risk & Timing**: The lack of specified completion date presents execution risk and uncertainty for buyers; additionally, the undefined developer name raises due diligence concerns, and market absorption depends heavily on Butterworth's continued commercial and residential growth, which remains slower than central Penang areas.
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
11.0x
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
RM7,386/mo
DOSM 2024
Mean Household Income
RM9,152/mo
DOSM 2024
Households Above RM8k
~42%
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.