M Zenni @ Batu Maung, Penang
Powered by NAPIC + DOSM data
Generated 1 May 2026
Developer
Mah Sing Group
Location
Batu Maung, Penang, Penang
Type
Condominium/Apartment
Price
RM531k+
Tenure
—
Completion
—
NewProjek Verdict
- •**Value & Pricing**: The entry price of RM530,800 positions this project competitively within Penang's mid-range condominium segment, though pricing justification depends on unit size, finishes, and amenities—information not provided here limits assessment of value proposition relative to comparable developments.
- •**Location & Connectivity**: Batu Maung offers established residential infrastructure and proximity to George Town, but the absence of nearby MRT access means reliance on road transport; connectivity adequacy depends on proximity to main arterials and bus networks, which requires site-specific verification.
- •**Risk & Timing**: The lack of specified completion date and tenure details presents material information gaps that could affect financing, investment returns, and long-term asset value; prospective buyers should request these clarifications from Mah Sing Group before commitment, as delayed completions are not uncommon in the Malaysian property market.
NewProjek Score
7.5
Worth Considering
- • Verified developer with established track record
- • Priced in line with area median
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
RM1,900–2,500
Based on similar properties in Penang
Gross Rental Yield
4.5%–5.5%
Annual rental / property price
Area Price Trend
+10.6%
NAPIC 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 | New Launch |
| Aston Acacia @ Bukit Mertajam, Penang | Bukit Mertajam | RM319k | New Launch |
Why Consider
- • Located in Batu Maung, Penang, Penang
- • By Mah Sing Group
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 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.