Havana Beach Residences @ Bayan Lepas, Penang
Powered by NAPIC + DOSM data
Generated 30 April 2026
Developer
—
Location
Bayan Lepas, Penang
Type
Condominium
Price
RM408k+
Tenure
—
Completion
—
NewProjek Verdict
- •**Pricing & Value**: Entry point of RM408,000 is competitive for Penang's mid-range residential segment, though value assessment is constrained by absence of unit size specifications and developer details, making direct market comparison difficult.
- •**Location & Connectivity**: Bayan Lepas offers established infrastructure and proximity to commercial/industrial zones, but the absence of MRT connectivity and reliance on road transport may limit appeal to buyers prioritizing public transit access compared to Georgetown or Butterworth alternatives.
- •**Risk & Timeline**: Undefined completion date and unspecified tenure structure present material uncertainties for purchasers; lack of transparency on these critical terms elevates investment risk and warrants clarification before commitment.
NewProjek Score
6.5
Moderate
- • Developer verification status not confirmed
- • Priced below area median — potential value opportunity
Is this project priced fairly?
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
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%
NAPIC data 2021–2025
Price-to-Income
5.2x
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
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 |
|---|---|---|---|
| Ari Altitude @ Alma, Bukit Mertajam, Penang | Bukit Mertajam | RM250k | New Launch |
| Vivo Executive Apartment | Penang Property | Seberang Perai | RM270k | Recently Completed |
| Ideal Venice Residency @ Island Glades, Penang | Bukit Gambir | RM300k | New Launch |
Why Consider
- • Strategic Bayan Lepas location with excellent commercial hub accessibility
- • Affordable entry price at RM408,000 for beachside living
- • Coastal lifestyle near Penang's popular tourist and leisure destinations
- • Strong rental demand potential in tourist-focused beach area
- • Proximity to airport and major transportation networks for convenience
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 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.