Aston Acacia @ Bukit Mertajam, Penang
Powered by verified data + DOSM
Generated 29 July 2026
Developer
—
Location
Bukit Mertajam, Penang
Type
Serviced Apartment
Price
RM319k+
Tenure
Freehold
Completion
—
NewProjek Verdict
- •**Pricing & Value**: RM319,000 entry price is competitive for a serviced apartment in the Bukit Mertajam market, offering reasonable affordability compared to Penang island properties, though the absence of specified completion timeline creates uncertainty regarding actual delivery and investment returns.
- •**Location & Connectivity**: Bukit Mertajam benefits from being a secondary commercial hub in Penang with established infrastructure, but the lack of MRT connectivity and reliance on road-based transport limits accessibility compared to island-based developments, potentially affecting rental yield and tenant demand.
- •**Risk & Timing**: The unspecified completion date represents a material risk factor that requires clarification before commitment; combined with the serviced apartment model's dependency on tourism and visitor volumes, market conditions during actual completion could significantly differ from current projections.
NewProjek Score
8
Worth Considering
- • Developer verification status not confirmed
- • Freehold tenure provides long-term ownership security
- • Priced below area median — potential value opportunity
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
RM1,100–1,500
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
3.6x
National avg: 6.8x
Loan Eligibility by Salary
| Monthly Salary | Max Affordable | Can Afford? |
|---|---|---|
| RM5,000 | RM704k | Yes |
| 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 |
|---|---|---|---|
| Vivo Executive Apartment | Penang Property | Seberang Perai | RM270k | Completed |
| TreeO | Bayan Lepas | RM300k | Completed |
| Ideal Venice Residency @ Island Glades, Penang | Bukit Gambir | RM300k | Completed |
Why Consider
- • Freehold tenure ensures long-term ownership and asset appreciation
- • Strategic Bukit Mertajam location offers excellent connectivity to major towns
- • Affordable entry price at RM319,000 for serviced apartment
- • Growing residential area with strong rental and resale potential
- • Convenient access to schools, shops, and amenities nearby
Risk Factors
- • 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.