Camdon Garden Home @ Eco Horizon, Penang
Powered by verified data + DOSM
Generated 14 June 2026
Developer
—
Location
Seberang Perai, Penang
Type
Landed House
Price
RM1.1 mil+
Tenure
—
Completion
—
NewProjek Verdict
- •**Pricing & Value**: Entry point of RM1.05M is competitive for landed houses in Seberang Perai, though value assessment is limited without specification of land size, built-up area, or comparable projects; pricing appears moderate relative to regional standards but requires detailed unit specifications for confirmation.
- •**Location & Connectivity**: Seberang Perai offers affordability and growing residential demand, but the absence of nearby MRT connectivity is a significant limitation for commuters; accessibility depends heavily on road infrastructure and proximity to major highways, which should be verified against current and planned transport networks.
- •**Risk & Timing**: Critical information gaps—including unspecified tenure type, completion timeline, and developer track record—present elevated execution and legal risks; prospective buyers should prioritize clarification on these factors and conduct due diligence before commitment, particularly regarding timeline certainty and developer reliability.
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
13.5x
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
RM6,502/mo
DOSM 2022
Mean Household Income
RM8,267/mo
DOSM 2022
Households Above RM8k
~37%
Estimated for Penang
Similar projects in Penang
| Project | Location | Price From | Status |
|---|---|---|---|
| M Zenni Mah Sing Group | Batu Maung | RM531k | New Launch |
| M Zenni @ Batu Maung, Penang Mah Sing Group | Batu Maung, Penang | RM531k | — |
| The Meg @ Andaman Island, Pulau Pinang Andaman Group | Tanjung Tokong | RM543k | New Launch |
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.