Savana @ Utropolis Batu Kawan, Penang
Powered by verified data + DOSM
Generated 29 July 2026
Developer
—
Location
Batu Kawan, Penang
Type
Serviced Apartment
Price
RM480k+
Tenure
Freehold
Completion
—
NewProjek Verdict
- •**Value & Pricing**: RM480,000 entry price is competitive for serviced apartments in the Penang market, though pricing appears moderate relative to similar freehold developments; actual value depends on finishes, amenities, and rental yield potential which require clarification.
- •**Location & Connectivity**: Batu Kawan offers growth potential as an emerging township with developing infrastructure, but the absence of nearby MRT connectivity and reliance on road-based transport may limit appeal to buyers prioritizing public transit accessibility.
- •**Risk & Timing**: Lack of specified completion date presents uncertainty regarding delivery timeline and market conditions at handover; buyers should confirm development schedule and financial stability given the extended investment horizon typical in developing areas.
NewProjek Score
7.5
Worth Considering
- • Developer verification status not confirmed
- • 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
RM1,700–2,300
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
5.4x
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
- • Batu Kawan emerging hub with strong future growth potential
- • Freehold tenure ensures long-term asset ownership security
- • Competitive RM480k entry price for serviced apartment living
- • Strategic location near major commercial and retail developments
- • Utropolis integrated township offers complete lifestyle amenities ecosystem
Risk Factors
- • 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.