Havana Beach Residences @ Bayan Lepas, Penang
Powered by verified data + DOSM
Generated 14 June 2026
Developer
—
Location
Bayan Lepas, Penang
Type
Condominium
Price
RM408k+
Tenure
—
Completion
—
NewProjek Verdict
- •**Pricing & Value**: Entry price of RM408,000 is competitive for Penang's mid-range condominium market, though the absence of tenure information and completion timeline limits ability to assess true value proposition and potential appreciation.
- •**Location & Connectivity**: Bayan Lepas offers proximity to industrial parks and commercial zones, but the lack of MRT connectivity and reliance on road transport may impact long-term accessibility and appeal compared to future transit-oriented developments in Penang.
- •**Risk & Timing Factors**: Incomplete project details (no specified tenure, completion date, or developer name confirmation) present significant risks for buyers regarding legal certainty and investment timeline; recommend obtaining comprehensive project particulars 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 (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
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 |
|---|---|---|---|
| Vivo Executive Apartment | Penang Property | Seberang Perai | RM270k | Recently Completed |
| Ideal Venice Residency @ Island Glades, Penang | Bukit Gambir | RM300k | Completed |
| TreeO | Bayan Lepas | RM300k | Recently 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
- • 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 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.