๐Ÿ“Š Property Intelligence Report

Mekarsari Phase13, Semi-D House @ Bertam, Kepala Batas

Powered by NAPIC + DOSM data

Generated 15 March 2026

Executive Summary

Developer

โ€”

Location

Kepala Batas, Penang

Type

Bungalow

Price

RM503k+

Tenure

โ€”

Completion

โ€”

NewProjek Verdict

Mekarsari Phase 13 offers competitively priced semi-detached homes in Kepala Batas, providing affordable entry into Penang's property market, though prospective buyers should note the absence of nearby MRT connectivity, which may impact long-term convenience and resale appeal. The lack of specified tenure details and completion timeline presents informational gaps that warrant clarification directly with the developer before commitment. Overall, this project may suit buyers prioritizing affordability and quieter residential settings, but those valuing proximity to public transport infrastructure should consider alternative locations.

๐ŸŸข LOW RISK
  • โ€ข Developer verification status not confirmed
  • โ€ข Priced below area median โ€” potential value opportunity
Market Price Analysis

Is this project priced fairly?

Developer PriceRM503,000
Penang MedianRM580,000
Priced 13% below area median

Pulau Pinang โ€” Median Condo Prices (NAPIC)

YearMedian PriceYoY Change
2021RM470,000โ€”
2022RM482,000+2.6%
2023RM495,000+2.7%
2024RM508,000+2.6%
2025RM520,000+2.4%
Investment Analysis

Est. Monthly Rental

RM1,800โ€“2,400

Based on similar properties in Penang

Gross Rental Yield

4.5%โ€“5.5%

Annual rental / property price

Area Price Trend

+10.6%

NAPIC data 2021โ€“2025

Price-to-Income

6.4x

National avg: 6.8x

Loan Eligibility by Salary

Monthly SalaryMax AffordableCan Afford?
RM5,000RM704kโœ… Yes
RM7,000RM1.0 milโœ… Yes
RM10,000RM1.5 milโœ… Yes
RM15,000RM2.3 milโœ… Yes
RM20,000RM3.2 milโœ… Yes

Based on 4.5% interest, 35-year tenure, 70% DSR, RM500 existing commitments, 90% loan margin

Area Profile

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

Comparable Projects

Similar projects in Penang

ProjectLocationPrice FromStatus
Vivo Executive Apartment | Penang PropertySeberang PeraiRM270kNew Launch
Ideal Venice Residency @ Island Glades, PenangBukit GambirRM300kNew Launch
Aston Acacia @ Bukit Mertajam, PenangBukit MertajamRM319kNew Launch
Why Consider + Risk Factors

โœ… Why Consider

  • โ€ข Located in Kepala Batas, Penang
  • โ€ข By Developer

โš ๏ธ Risk Factors

  • โ€ข Under construction โ€” completion delays are possible
  • โ€ข No MRT/LRT station listed nearby โ€” may affect future demand

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.

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