TreeO
Powered by NAPIC + DOSM data
Generated 30 April 2026
Developer
—
Location
Bayan Lepas, Penang
Type
Condominium
Price
TBA
Tenure
—
Completion
—
NewProjek Verdict
- •**Value & Pricing**: Without confirmed pricing details, it is difficult to assess competitiveness against comparable Bayan Lepas developments; transparency on unit sizes, finishes, and amenities is essential to determine value proposition.
- •**Location & Connectivity**: Bayan Lepas offers established commercial and industrial proximity with reasonable road access, though the absence of nearby MRT connectivity may limit appeal to buyers prioritizing public transportation and long-term transit-oriented growth.
- •**Risk & Timing**: Unspecified tenure and completion timeline present material uncertainties; potential buyers should seek clarity on these fundamentals before commitment, as they directly impact financing eligibility, investment returns, and occupancy certainty.
NewProjek Score
5.5
Moderate
- • Developer verification status not confirmed
Is this project priced fairly?
Price comparison data not available for this project.
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
—
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
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
Why Consider
- • Located in Bayan Lepas, Penang
- • By Developer
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.