Camdon Garden Home @ Eco Horizon, Penang
Powered by NAPIC + DOSM data
Generated 29 April 2026
Developer
—
Location
Seberang Perai, Penang
Type
Landed House
Price
TBA
Tenure
—
Completion
—
NewProjek Verdict
- •**Value & Pricing**: Pricing remains to be announced, limiting ability to assess competitiveness against comparable landed properties in Seberang Perai; transparency on pricing structure and payment terms will be essential for evaluating affordability and investment returns.
- •**Location & Connectivity**: Seberang Perai offers lower land costs and affordability appeal, but the absence of nearby MRT connectivity suggests reliance on personal vehicles; proximity to highways, amenities, and employment centers should be verified to justify long-term livability and rental demand.
- •**Risk & Timing**: Critical project details including tenure type, completion timeline, and developer track record are missing; these gaps present material uncertainty for purchase decisions, particularly regarding financing approval, occupancy risk, and resale liquidity during the pre-launch phase.
NewProjek Score
5.5
Moderate
- • Developer verification status not confirmed
Is this project priced fairly?
Price comparison data not available for this project.
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
—
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
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
RM6,502/mo
DOSM 2022
Mean Household Income
RM8,267/mo
DOSM 2022
Households Above RM8k
~37%
Estimated for Penang
Why Consider
- • Located in Seberang Perai, Penang
- • By Developer
Risk Factors
- • Under construction — completion delays are possible
- • No MRT/LRT station listed nearby — may affect future demand
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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.