M Aspira
Powered by verified data + DOSM
Generated 14 June 2026
Developer
Mah Sing Group
Location
Taman Desa, Penang
Type
Serviced Apartment
Price
RM452k+
Tenure
Freehold
Completion
—
NewProjek Verdict
- •**Value & Pricing**: RM452,000 entry point is competitive for Penang serviced apartments, offering reasonable value relative to market comparables, though actual returns depend on rental yield assumptions and management fees which require clarification from the developer.
- •**Location & Connectivity**: Taman Desa provides established residential proximity but lacks direct MRT access, limiting appeal to transit-dependent buyers; connectivity relies on bus networks and personal transport, which may constrain tenant pool compared to MRT-adjacent developments.
- •**Risk & Timing**: Absence of specified completion date introduces execution risk and potential delays; prudent buyers should obtain firm timelines and occupancy guarantees before commitment, particularly given market sensitivity to delivery schedules in the competitive Penang market.
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 (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
RM1,600–2,200
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
5.8x
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 |
|---|---|---|---|
| Vivo Executive Apartment | Penang Property | Seberang Perai | RM270k | Recently Completed |
| TreeO | Bayan Lepas | RM300k | Recently Completed |
| Ideal Venice Residency @ Island Glades, Penang | Bukit Gambir | RM300k | Completed |
Why Consider
- • Established Taman Desa location with mature amenities and infrastructure
- • Freehold tenure provides long-term ownership security and appreciation potential
- • Reputable Mah Sing Group developer ensures quality construction standards
- • Affordable serviced apartment entry point in desirable Penang area
- • Strong rental demand potential in popular residential neighbourhood
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.