Single Storey Terrace Homes (Charm & Rejoice) @ Amansara North, Setia Fontaines, Penang
Powered by verified data + DOSM
Generated 14 June 2026
Developer
SP Setia
Location
Kepala Batas, Penang
Type
Landed House
Price
RM475k+
Tenure
Freehold
Completion
—
NewProjek Verdict
- •**Value & Pricing**: RM475,000 entry price is competitive for freehold terrace homes in Penang's northern corridor, though pricing appears mid-range relative to similar SP Setia developments; represents reasonable value if built quality matches developer standards, though final cost-benefit depends on actual built-up area and finishes.
- •**Location & Connectivity**: Kepala Batas offers affordable peripheral positioning with highway access via North-South Expressway, but lacks MRT connectivity and relies on private transport; proximity to Setia Fontaines amenities provides some convenience, though limited public transport integration may restrict appeal to non-car owners.
- •**Risk & Timing**: Completion timeline is not disclosed, creating uncertainty around investment returns and occupation timelines; as a relatively new/under-development area, market liquidity and future demand carry moderate risk; early-stage project purchases depend on developer track record and pre-launch
NewProjek Score
8
Worth Considering
- • Developer verification status not confirmed
- • Freehold tenure provides long-term ownership security
- • Priced below area median — potential value opportunity
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
6.1x
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 | Completed |
| TreeO | Bayan Lepas | RM300k | Recently Completed |
Why Consider
- • Freehold landed property at competitive RM475,000 price point
- • Reputable SP Setia developer ensures quality construction standards
- • Kepala Batas location offers growing economic development potential
- • Strategic Penang location near major commercial and industrial hubs
- • Single storey design ideal for families seeking affordability
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 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.