Eco Sun
Powered by verified data + DOSM
Generated 29 July 2026
Developer
Eco World Development
Location
Batu Kawan, Penang
Type
Landed House
Price
RM678k+
Tenure
Freehold
Completion
2029
NewProjek Verdict
- •**Pricing & Value**: RM678,000 entry point is competitive for freehold landed houses in Penang's northern corridor, offering reasonable value relative to comparable properties, though long-term appreciation will depend on broader market conditions and the developer's track record.
- •**Location & Connectivity**: Batu Kawan presents moderate accessibility with proximity to the North-South Expressway and Penang second bridge, but absence of MRT connectivity limits public transport options and may constrain appeal to non-car-dependent buyers compared to locations with rail access.
- •**Risk & Timing**: The 2029 completion date represents a 5-year construction period with inherent execution and market timing risks; buyers should evaluate Eco World Development's delivery history and consider whether extended pre-completion timelines align with their investment horizon.
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
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
- • Batu Kawan strategic location offers excellent connectivity to Penang
- • Freehold tenure provides long-term ownership security and value
- • Eco World Development brings established reputation for quality homes
- • Affordable RM678K entry price for landed house investment
- • Growing Penang property market presents strong appreciation potential
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.