2-storey Terrace @ Taman Riang, Butterworth
Powered by NAPIC + DOSM data
Generated 15 March 2026
Developer
—
Location
Butterworth, Penang
Type
Landed House
Price
RM978k+
Tenure
Freehold
Completion
—
NewProjek Verdict
This 2-storey freehold terrace project offers competitive pricing at RM978,000 in the established Butterworth area, making it accessible for first-time buyers and investors seeking affordable landed property in Penang. However, the lack of nearby MRT connectivity and absence of a specified completion timeline present potential drawbacks that warrant clarification with the developer before commitment. Prospective buyers should carefully evaluate proximity to amenities, transportation alternatives, and project timelines to ensure alignment with their investment objectives and lifestyle needs.
- • 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 |
|---|---|---|---|
| Mekarsari Phase15, Terrace House @ Bertam, Kepala Batas | Kepala Batas | RM500k | New Launch |
| Sinaran Residences @ Utropolis Batu Kawan, Penang | Batu Kawan | RM500k | New Launch |
| Mekarsari Phase13, Semi-D House @ Bertam, Kepala Batas | Kepala Batas | RM503k | New Launch |
✅ Why Consider
- • Located in Butterworth, Penang
- • Freehold title property
- • By Developer
⚠️ 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
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.