Eco Sun
Powered by verified data + DOSM
Generated 14 June 2026
Developer
Eco World Development
Location
Batu Kawan, Penang
Type
Landed House
Price
RM678k+
Tenure
Freehold
Completion
2029
NewProjek Verdict
- •**Value & Pricing**: The entry price of RM678,000 for freehold landed houses in Batu Kawan is competitive for the northern corridor, offering reasonable value relative to comparable properties in the vicinity, though pricing competitiveness depends on final specifications and built-up area.
- •**Location & Connectivity**: Batu Kawan benefits from proximity to major highways and industrial zones, supporting future appreciation potential; however, the absence of nearby MRT connectivity limits public transport options, making car dependency likely for residents commuting to Penang Island or George Town.
- •**Risk & Timing**: The 2029 completion timeline presents moderate execution risk typical of large-scale developments, while the extended waiting period exposes buyers to potential market fluctuations; Eco World Development's track record should be verified to assess construction reliability and on-time delivery capability.
NewProjek Score
7
Worth Considering
- • Developer verification status not confirmed
- • Freehold tenure provides long-term ownership security
- • Priced 17% above area median
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
8.7x
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
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 |
|---|---|---|---|
| Tropicana Bay Residences @ Bayan Lepas Tropicana Corporation | Gelugor | RM360k | Completed |
| Havana Beach Residences @ Bayan Lepas, Penang | Bayan Lepas | RM408k | Recently Completed |
| M Zenya Mah Sing Group | Kepong | RM420k | Under Construction |
Why Consider
- • Located in Batu Kawan, Penang
- • Freehold title property
- • By Eco World Development
- • Completion expected 2029
Risk Factors
- • Under construction — completion delays are possible
- • 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.