Havana Beach Residences @ Bayan Lepas, Penang
Powered by verified data + DOSM
Generated 29 July 2026
Developer
—
Location
Bayan Lepas, Penang
Type
Condominium
Price
RM408k+
Tenure
—
Completion
—
NewProjek Verdict
- •**Pricing & Value**: Entry-level pricing from RM408,000 positions this project competitively within Penang's affordable residential segment, though without tenure details or completion timeline, true value assessment is constrained and price appreciation potential remains unclear.
- •**Location & Connectivity**: Bayan Lepas offers established commercial and industrial proximity, but the absence of MRT accessibility and reliance on road-based transport limits connectivity appeal compared to developments near planned rapid transit corridors, potentially affecting long-term demand.
- •**Risk & Timing**: Critical project details—tenure type, completion date, and developer track record—are not disclosed, creating uncertainty for buyers; delayed information raises transparency concerns and makes risk evaluation difficult, particularly regarding investment timeline and exit liquidity.
NewProjek Score
7
Worth Considering
- • Developer verification status not confirmed
- • Priced below area median — potential value opportunity
- • 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
RM1,400–2,000
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
4.6x
National avg: 6.8x
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
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 |
|---|---|---|---|
| Vivo Executive Apartment | Penang Property | Seberang Perai | RM270k | Completed |
| TreeO | Bayan Lepas | RM300k | Completed |
| Ideal Venice Residency @ Island Glades, Penang | Bukit Gambir | RM300k | Completed |
Why Consider
- • Strategic Bayan Lepas location with excellent commercial connectivity
- • Affordable entry price for coastal living investment opportunity
- • Proximity to Penang's business and tourism hub
- • Potential rental yield in popular tourist destination area
- • Modern condominium amenities at competitive market price point
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.