Ayra Terraces by IJM Land
Powered by verified data + DOSM
Generated 14 October 2026
Developer
IJM Land
Location
Nibong Tebal, Penang
Type
Landed House
Price
RM438k+
Tenure
Freehold
Completion
—
NewProjek Verdict
- •Value & Pricing: RM438,000 entry point is competitive for freehold landed properties in the KL-Selangor market, though without specified unit sizes or detailed specifications, value assessment requires on-site verification to confirm pricing alignment with comparable developments.
- •Location & Connectivity: Absence of nearby MRT connectivity is a notable limitation; accessibility depends heavily on road infrastructure and private transport, which may constrain appeal for commuters prioritizing public transit options, though proximity to other amenities requires site assessment.
- •Risk & Timing: Unspecified completion date introduces uncertainty for buyers regarding possession timelines and market conditions; this ambiguity warrants clarification from the developer before commitment, particularly given broader market volatility and potential interest rate fluctuations.
NewProjek Score
8
Worth Considering
- • Developer verification status not confirmed
- • Freehold tenure provides long-term ownership security
- • 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
RM1,600–2,100
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
4.9x
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 |
| Ideal Venice Residency @ Island Glades, Penang | Bukit Gambir | RM300k | Completed |
| TreeO | Bayan Lepas | RM300k | Completed |
Why Consider
- • Freehold tenure ensures long-term ownership security and asset appreciation
- • IJM Land's reputation guarantees quality construction and reliable completion
- • Affordable landed house entry point at RM438,000 price
- • Kuala Lumpur location offers strong rental and resale potential
- • Established neighbourhood provides stable community and amenities access
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.