Sinaran Residences @ Utropolis Batu Kawan, Penang
Powered by NAPIC + DOSM data
Generated 29 April 2026
Developer
—
Location
Batu Kawan, Penang
Type
Serviced Apartment
Price
RM500k+
Tenure
Freehold
Completion
—
NewProjek Verdict
- •**Value & Pricing**: RM500,000 entry price is competitive for a freehold serviced apartment in the Penang market, offering reasonable value for investors seeking rental yield opportunities, though unit sizes and amenities should be verified against comparable developments in the region.
- •**Location & Connectivity**: Batu Kawan offers established commercial and residential infrastructure with proximity to major highways and shopping malls, though the absence of nearby MRT connectivity limits public transport options compared to more central Penang locations like Georgetown or Jelutong.
- •**Risk & Timing**: The unspecified completion date presents execution risk and potential cash flow delays for investors; market demand for serviced apartments in Batu Kawan should be carefully assessed against oversupply risks in the broader Penang rental market before commitment.
NewProjek Score
7
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 (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
RM1,800–2,400
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
6.4x
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
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
- • Utropolis integrated township offers complete lifestyle amenities and convenience
- • Strategic Batu Kawan location between Penang and Kuala Lumpur
- • Freehold tenure provides long-term ownership security and value
- • Serviced apartment model generates rental income potential consistently
- • Competitive RM500k entry price in growing northern corridor
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 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.