Eco Meadows
Powered by verified data + DOSM
Generated 29 July 2026
Developer
Eco World Development
Location
PENANG, Penang
Type
Landed House
Price
RM758k+
Tenure
—
Completion
—
NewProjek Verdict
- •**Pricing & Value**: Entry point of RM758,400 positions this project competitively within Penang's landed house segment, offering moderate affordability, though long-term appreciation depends on the developer's track record and final unit specifications.
- •**Location & Connectivity**: Situated in Penang with no MRT access listed, the project's viability relies heavily on road connectivity and proximity to commercial hubs; buyers should verify accessibility to Penang's main employment centers and amenities as public transport options may be limited.
- •**Risk & Timing**: Absence of specified completion date and tenure details presents execution uncertainty; prospective buyers should request clear timelines and legal documentation before commitment, as delays or unclear land tenure could impact investment returns and liquidity.
NewProjek Score
6
Moderate
- • Developer verification status not confirmed
- • Priced 31% above area median — premium pricing
- • 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
RM2,700–3,600
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
8.6x
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 |
|---|---|---|---|
| Havana Beach Residences @ Bayan Lepas, Penang | Bayan Lepas | RM408k | Completed |
| M Zenya Mah Sing Group | Kepong | RM420k | Under Construction |
| M Aspira Mah Sing Group | Taman Desa | RM452k | Completed |
Why Consider
- • Located in PENANG, Penang
- • By Eco World Development
Risk Factors
- • 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.