M Aspira
Powered by verified data + DOSM
Generated 29 July 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 competitive for serviced apartments in Penang's mid-range segment, though the lack of specified completion date makes it difficult to assess value trajectory and potential rental yield timeframes.
- •**Location & Connectivity**: Taman Desa offers established residential infrastructure and amenities, but the absence of nearby MRT connectivity limits appeal to transit-dependent buyers and may constrain long-term appreciation compared to future MRT-adjacent developments.
- •**Risk & Timing**: Primary risk stems from unspecified completion timeline, which creates uncertainty for investors seeking rental income projections and end-users planning occupancy; buyers should seek clarification from Mah Sing Group before commitment.
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
5.1x
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
- • Established developer Mah Sing Group ensures quality construction standards
- • Freehold tenure provides long-term ownership and asset appreciation
- • Taman Desa offers mature infrastructure and community amenities
- • Competitive pricing at RM452k for serviced apartment
- • Strategic Penang location with strong rental demand 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 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.