Taman Seri Valdor, 2 & 3 Storey Terrace @ Sungai Jawi, Pulau Pinang
Powered by NAPIC + DOSM data
Generated 29 April 2026
Developer
—
Location
Sungai Jawi, Penang
Type
Landed House
Price
RM557k+
Tenure
Freehold
Completion
—
NewProjek Verdict
- •**Pricing & Value**: The entry price of RM557,000 for freehold terrace houses represents competitive positioning for the Penang market, offering reasonable value for landed properties, though final affordability depends on actual built-up sizes and finishes compared to similar developments in the region.
- •**Location & Connectivity**: Sungai Jawi is a developing suburban area with limited public transport infrastructure (notably absent MRT connectivity), relying primarily on road access; proximity to established amenities and employment centers requires verification, potentially limiting convenience for non-car dependent buyers.
- •**Risk & Timing**: The absence of a specified completion date presents scheduling uncertainty and potential delays, which is a material concern for financing and occupancy planning; early-stage projects in developing areas also carry execution and market absorption risks that warrant careful due diligence 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
RM2,000–2,700
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
7.1x
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 |
|---|---|---|---|
| Ideal Venice Residency @ Island Glades, Penang | Bukit Gambir | RM300k | New Launch |
| Aston Acacia @ Bukit Mertajam, Penang | Bukit Mertajam | RM319k | New Launch |
| La Casa Ara, Courtyard Villament (Townhouse) @ Tasek Gelugor, Penang | Seberang Perai | RM339k | Completed |
Why Consider
- • Freehold landed property at affordable RM557,000 entry price
- • Strategic Sungai Jawi location with growing commercial development
- • Spacious 2 & 3 storey designs for family living
- • Established residential area with good connectivity and amenities
- • Strong appreciation potential in developing Penang property market
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 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.