M Zenni
Powered by verified data + DOSM
Generated 12 July 2026
Developer
Mah Sing Group
Location
Batu Maung, Penang
Type
Serviced Apartment
Price
RM531k+
Tenure
Freehold
Completion
—
NewProjek Verdict
- •**Value & Pricing**: RM530,800 entry price is competitive for freehold serviced apartments in Penang, offering reasonable value compared to similar developments, though the absence of specified completion timeline makes it difficult to assess long-term appreciation potential.
- •**Location & Connectivity**: Batu Maung provides good accessibility to Penang's commercial zones and George Town, but the lack of nearby MRT connectivity limits public transport convenience and may constrain appeal to car-free residents, though the locality itself has established amenities.
- •**Risk & Timing**: The undisclosed completion date presents a notable risk for buyers, as extended timelines are common in the Malaysian property market and could impact cash flow expectations; Mah Sing's track record is established, but market conditions and interest rate movements during the construction period warrant careful consideration.
NewProjek Score
8.5
Strong Buy Signal
- • Verified developer with established track record
- • Freehold tenure provides long-term ownership security
- • Priced in line with area median
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
RM1,900–2,500
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
6.0x
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 and reliability
- • Freehold tenure provides long-term ownership and asset appreciation potential
- • Batu Maung strategic location offers excellent connectivity to major areas
- • Competitive pricing at RM530,800 for serviced apartment investment opportunity
- • Penang property market strong growth potential for rental and resale
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.