ALILA²
Powered by verified data + DOSM
Generated 14 June 2026
Developer
—
Location
Tanjung Bungah, Penang
Type
Condominium
Price
RM5.0 mil+
Tenure
—
Completion
—
NewProjek Verdict
- •**Value & Pricing**: ALILA² commands a premium entry price of RM5.009 million, positioning it in the high-end residential segment; prospective buyers should assess whether the pricing aligns with comparable beachfront developments in Penang and expected rental yields or capital appreciation.
- •**Location & Connectivity**: Tanjung Bungah offers established residential appeal with coastal proximity; however, the absence of nearby MRT connectivity means reliance on private vehicles or ride-sharing for central business district access, potentially limiting tenant appeal for those prioritizing public transport convenience.
- •**Risk & Timing**: Critical project details including tenure type and completion timeline are not disclosed, creating uncertainty for investment planning; buyers should obtain these specifications directly from the developer before committing, as tenure classification and delivery schedules materially impact financial projections and occupancy timelines.
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
64.2x
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
RM6,502/mo
DOSM 2022
Mean Household Income
RM8,267/mo
DOSM 2022
Households Above RM8k
~37%
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.