Camdon Garden Home @ Eco Horizon, Penang
Powered by verified data + DOSM
Generated 29 July 2026
Developer
—
Location
Seberang Perai, Penang
Type
Landed House
Price
RM1.1 mil+
Tenure
—
Completion
—
NewProjek Verdict
- •**Value & Pricing**: At RM1.05M for landed homes in Seberang Perai, the project offers competitive pricing for the semi-urban segment, though lack of tenure clarity and unspecified completion timeline make it difficult to assess true value proposition against comparable developments.
- •**Location & Connectivity**: Seberang Perai offers affordable land and growing residential appeal, but the absence of nearby MRT connectivity and limited public transport infrastructure may constrain long-term appreciation and limit appeal to car-dependent buyers in a secondary location.
- •**Risk & Timing**: Material project information gaps—including missing tenure details, no stated completion date, and vague developer identification—present execution and transparency risks; buyers should exercise caution until developer credentials and timeline commitments are formally clarified.
NewProjek Score
5
Moderate
- • Developer verification status not confirmed
- • Priced 81% 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
RM3,700–5,000
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
11.9x
National avg: 6.8x
Loan Eligibility by Salary
| Monthly Salary | Max Affordable | Can Afford? |
|---|---|---|
| RM5,000 | RM704k | No |
| RM7,000 | RM1.0 mil | Stretch |
| 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 |
|---|---|---|---|
| M Zenni @ Batu Maung, Penang Mah Sing Group | Batu Maung, Penang | RM531k | — |
| M Zenni Mah Sing Group | Batu Maung | RM531k | New Launch |
| The Meg @ Andaman Island, Pulau Pinang Andaman Group | Tanjung Tokong | RM543k | Completed |
Why Consider
- • Located in Seberang Perai, Penang
- • By Developer
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.