Eco Meadows
Powered by NAPIC + DOSM data
Generated 29 April 2026
Developer
Eco World Development
Location
PENANG, Penang
Type
Landed House
Price
TBA
Tenure
—
Completion
—
NewProjek Verdict
- •**Value/Pricing**: Pricing details remain to-be-announced, limiting ability to assess market competitiveness; recommend comparing final launch prices against comparable landed properties in Penang's mid-to-upper segments once revealed.
- •**Location/Connectivity**: Penang location offers established market demand, though absence of MRT connectivity means reliance on road infrastructure and personal transport; proximity to amenities and main highways should be clarified during sales launch.
- •**Risk/Timing**: Incomplete project specifications (tenure, completion timeline) present information gaps that increase investment uncertainty; prospective buyers should request detailed timelines and legal documentation before commitment.
NewProjek Score
7
Worth Considering
- • Verified developer with established track record
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 PENANG, Penang
- • By Eco World Development
Risk Factors
- • Under construction — completion delays are possible
- • No MRT/LRT station listed nearby — may affect future demand
Sign in to view full review
Free forever. Get rental yield, loan eligibility, comparable projects and risk assessment.
Google sign-in or magic link • No password needed
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.