M Zenni @ Batu Maung, Penang
Powered by verified data + DOSM
Generated 15 June 2026
Developer
Mah Sing Group
Location
Batu Maung, Penang, Penang
Type
Condominium/Apartment
Price
RM531k+
Tenure
Freehold
Completion
—
NewProjek Verdict
- •**Pricing & Value**: M Zenni offers competitive entry-level pricing from RM530,800 for freehold units, presenting reasonable value for first-time buyers in the Penang market, though long-term appreciation potential depends on broader economic conditions and property demand in the corridor.
- •**Location & Connectivity**: Batu Maung is a secondary residential area with limited public transport infrastructure; the absence of nearby MRT connectivity may constrain accessibility and appeal to commuters, though proximity to Penang's industrial zones could benefit working professionals in those sectors.
- •**Risk & Timing**: The unspecified completion timeline presents uncertainty regarding delivery schedules and market conditions at handover; buyers should exercise caution and seek clarification from Mah Sing Group on project milestones, as extended timelines could affect occupancy plans and investment returns.
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
6.8x
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 |
| Ideal Venice Residency @ Island Glades, Penang | Bukit Gambir | RM300k | Completed |
| TreeO | Bayan Lepas | RM300k | Recently Completed |
Why Consider
- • Established developer Mah Sing Group ensures quality construction and reliability
- • Freehold tenure provides long-term ownership value and security
- • Strategic Batu Maung location offers coastal living appeal
- • Affordable entry price point for Penang property investment
- • Growing area with development potential and capital appreciation
Risk Factors
- • Under construction — completion delays are possible
- • No MRT/LRT station listed nearby — may affect future demand
Sign in to view full review
Free forever. Get rental yield, loan eligibility, comparable projects and risk assessment.
Google sign-in or magic link • No password needed
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.