Versa @ Aspen Vision City, Batu Kawan, Penang
Powered by NAPIC + DOSM data
Generated 30 April 2026
Developer
—
Location
Batu Kawan, Penang
Type
Serviced Apartment
Price
RM370k+
Tenure
Freehold
Completion
—
NewProjek Verdict
- •**Value & Pricing**: RM370,000 entry price is competitive for serviced apartments in the Penang market, though pricing competitiveness depends on unit size, finishes, and amenities relative to established developments in the Klang Valley or Penang island locations.
- •**Location & Connectivity**: Batu Kawan offers emerging township potential with planned infrastructure, but current connectivity is car-dependent with no MRT access; proximity to future developments and highway networks may improve accessibility, but remains less mature than established commercial hubs.
- •**Risk & Timing**: Completion timeline is not specified, creating uncertainty for investors regarding project delivery and rental income commencement; early-stage developments in secondary townships carry execution risk, though long-term appreciation potential exists if the broader Aspen Vision City master plan materializes as planned.
NewProjek Score
7.5
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 (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
RM1,300–1,800
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
4.7x
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 |
|---|---|---|---|
| Ari Altitude @ Alma, Bukit Mertajam, Penang | Bukit Mertajam | RM250k | New Launch |
| Vivo Executive Apartment | Penang Property | Seberang Perai | RM270k | Recently Completed |
| Ideal Venice Residency @ Island Glades, Penang | Bukit Gambir | RM300k | New Launch |
Why Consider
- • Located in Batu Kawan, Penang
- • Freehold title property
- • 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.