Eco Horizon
Powered by verified data + DOSM
Generated 29 July 2026
Developer
Eco World Development
Location
Batu Kawan, Penang
Type
Landed House
Price
RM678k+
Tenure
—
Completion
—
NewProjek Verdict
- •**Value & Pricing**: Entry-level pricing of RM678,000 offers competitive positioning for first-time landed house buyers in the Penang market, though the absence of tenure specifications and completion timeline limits assessment of long-term value retention and construction cost escalation risks.
- •**Location & Connectivity**: Batu Kawan's strategic northern location provides proximity to industrial zones and upcoming commercial developments, but lack of nearby MRT connectivity necessitates private vehicle dependency, potentially limiting appeal to transit-oriented lifestyle preferences and future resale market.
- •**Risk & Timing**: Critical project details remain undisclosed (tenure type, completion date, facilities), creating uncertainty regarding investment timeline and exit strategy; buyers should exercise caution until developer confirms these fundamental specifications and demonstrates clear delivery milestones.
NewProjek Score
6.3
Moderate
- • Developer verification status not confirmed
- • Priced 17% above area median
- • Completed project — no construction risk
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
RM2,400–3,200
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
7.6x
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
- • Located in Batu Kawan, Penang
- • By Eco World Development
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.