M Aspira
Powered by NAPIC + DOSM data
Generated 29 April 2026
Developer
Mah Sing Group
Location
Taman Desa, Penang
Type
Serviced Apartment
Price
RM452k+
Tenure
Freehold
Completion
—
NewProjek Verdict
- •**Value & Pricing**: RM452,000 entry price is moderate for a serviced apartment in the Penang market, though without specified unit sizes and amenities breakdown, it requires direct comparison with competing developments to assess value proposition relative to finishes and facilities offered.
- •**Location & Connectivity**: Taman Desa benefits from established residential infrastructure and proximity to commercial areas, but the absence of nearby MRT connectivity limits public transport convenience compared to projects along major transit corridors, making car dependency a practical consideration.
- •**Risk & Timing**: Completion timeline is not disclosed, creating uncertainty for investors regarding cash flow timing and market cycle exposure; additionally, serviced apartment viability depends heavily on tourism and short-term rental demand, which carries higher volatility than traditional residential investments.
NewProjek Score
9.5
Strong Buy Signal
- • Verified developer with established track record
- • Freehold tenure provides long-term ownership security
- • 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
RM1,600–2,200
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
5.8x
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
- • Established developer Mah Sing Group ensures quality construction standards
- • Freehold tenure provides long-term ownership security and value
- • Taman Desa location offers mature neighbourhood with amenities
- • Competitive pricing at RM452,000 for serviced apartment unit
- • Strategic Penang location supports strong property appreciation potential
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 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.