M Zenni @ Batu Maung, Penang
Powered by verified data + DOSM
Generated 30 July 2026
Developer
Mah Sing Group
Location
Batu Maung, Penang, Penang
Type
Condominium/Apartment
Price
RM531k+
Tenure
Freehold
Completion
—
NewProjek Verdict
- •**Value & Pricing**: RM530,800 entry price is competitive for Penang's mid-range residential market, though pricing appears moderate relative to comparable freehold developments in the state; overall value proposition depends on unit specifications and amenities offered.
- •**Location & Connectivity**: Batu Maung offers reasonable accessibility within Penang's northern corridor with proximity to commercial areas, though the absence of nearby MRT connectivity limits long-term transit convenience compared to projects along planned rapid transit lines.
- •**Risk & Timing**: Completion timeline is not specified, creating uncertainty for investors regarding occupancy dates and capital returns; this information gap represents a material consideration for buyer decision-making and should be clarified with the developer before commitment.
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 |
| TreeO | Bayan Lepas | RM300k | Completed |
| Ideal Venice Residency @ Island Glades, Penang | Bukit Gambir | RM300k | Completed |
Why Consider
- • Established developer Mah Sing Group with proven track record
- • Freehold tenure offers long-term ownership and investment security
- • Strategic Batu Maung location near Penang's commercial hubs
- • Affordable entry price under RM550K for quality condo
- • Growing area with strong rental demand and appreciation potential
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.