ALILA²
Powered by verified data + DOSM
Generated 29 July 2026
Developer
—
Location
Tanjung Bungah, Penang
Type
Condominium
Price
RM5.0 mil+
Tenure
—
Completion
—
NewProjek Verdict
- •**Value & Pricing**: RM5M+ entry point positions this as a luxury segment offering; competitiveness depends on unit specifications, amenities, and comparative pricing against established Penang high-end developments, requiring detailed cost-per-sqft analysis.
- •**Location & Connectivity**: Tanjung Bungah offers coastal appeal and established residential prestige; however, absence of MRT connectivity limits accessibility and relies on car dependency, though proximity to Penang's main commercial corridors via existing road networks remains viable.
- •**Risk & Timing**: Missing tenure clarity and completion timeline details present material uncertainty for buyers; absence of these critical parameters elevates investment risk and complicates financial planning, necessitating developer clarification before commitment.
NewProjek Score
5.5
Moderate
- • Developer verification status not confirmed
- • Priced 863% above area median — premium pricing
- • Completed project — no construction risk
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
RM17,700–24,000
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
56.5x
National avg: 6.8x
Loan Eligibility by Salary
| Monthly Salary | Max Affordable | Can Afford? |
|---|---|---|
| RM5,000 | RM704k | No |
| RM7,000 | RM1.0 mil | No |
| RM10,000 | RM1.5 mil | No |
| RM15,000 | RM2.3 mil | No |
| RM20,000 | RM3.2 mil | No |
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
Why Consider
- • Located in Tanjung Bungah, Penang
- • By Developer
Risk Factors
- • 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.