Allure Double Storey Superlink Homes @ Amansara North, Setia Fontaines, Penang
Powered by verified data + DOSM
Generated 29 July 2026
Developer
SP Setia
Location
Kepala Batas, Penang
Type
Townhouse
Price
RM708k+
Tenure
Freehold
Completion
—
NewProjek Verdict
- •**Pricing & Value**: RM708,000 entry point is competitive for freehold double storey townhouses in the Penang corridor, offering reasonable value relative to built-up size, though pricing strength depends on final specifications and finishes not detailed here.
- •**Location & Connectivity**: Kepala Batas location provides accessibility to the Penang mainland via North-South Expressway but lacks MRT connectivity; proximity to Setia Fontaines development may offer some commercial and amenity support, though public transport options remain limited compared to more central Penang areas.
- •**Risk & Timing**: Absence of specified completion date presents timeline uncertainty for buyers; coupled with SP Setia's mixed delivery track record on some projects, this creates execution risk; early-stage investment requires careful developer track record verification and contractual safeguards.
NewProjek Score
6.5
Moderate
- • Developer verification status not confirmed
- • Freehold tenure provides long-term ownership security
- • Priced 36% 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
RM2,500–3,400
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
8.0x
National avg: 6.8x
Loan Eligibility by Salary
| Monthly Salary | Max Affordable | Can Afford? |
|---|---|---|
| RM5,000 | RM704k | Stretch |
| RM7,000 | RM1.0 mil | Yes |
| 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 |
|---|---|---|---|
| Tropicana Bay Residences @ Bayan Lepas Tropicana Corporation | Gelugor | RM360k | Completed |
| Havana Beach Residences @ Bayan Lepas, Penang | Bayan Lepas | RM408k | Completed |
| M Zenya Mah Sing Group | Kepong | RM420k | Under Construction |
Why Consider
- • SP Setia reputation ensures quality construction and after-sales service
- • Freehold tenure provides long-term ownership and investment security
- • Affordable RM708k entry point in growing Kepala Batas area
- • Proximity to Setia Fontaines amenities and established infrastructure
- • Strong appreciation potential in developing northern Penang corridor
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.