Viluxe @ Aspen Vision City, Double Storey Terrace Homes | Penang Property
Powered by NAPIC + DOSM data
Generated 29 April 2026
Developer
—
Location
Seberang Perai, Penang
Type
Landed House
Price
RM1.1 mil+
Tenure
Freehold
Completion
—
NewProjek Verdict
- •Viluxe @ Aspen Vision City, Double Storey Terrace Homes | Penang Property by the developer is a Landed House development in Seberang Perai, Penang starting from RM1.1 mil.
- •With Freehold tenure, it offers a new launch opportunity worth evaluating against comparable projects in the area.
NewProjek Score
6
Moderate
- • Developer verification status not confirmed
- • Freehold tenure provides long-term ownership security
- • Priced 90% above area median — premium pricing
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
RM3,900–5,300
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
14.1x
National avg: 6.8x
Loan Eligibility by Salary
| Monthly Salary | Max Affordable | Can Afford? |
|---|---|---|
| RM5,000 | RM704k | No |
| RM7,000 | RM1.0 mil | Stretch |
| 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 |
|---|---|---|---|
| Taman Seri Valdor, 2 & 3 Storey Terrace @ Sungai Jawi, Pulau Pinang | Sungai Jawi | RM557k | Recently Completed |
Why Consider
- • Strategic Seberang Perai location with growing commercial development
- • Freehold tenure ensures long-term property ownership and value
- • Competitively priced double storey terrace at RM1.1 million
- • Aspiring Vision City development area offers strong growth potential
- • Landed property investment with appreciation prospects in Penang
Risk Factors
- • Under construction — completion delays are possible
- • Premium pricing relative to area median may limit resale upside
- • 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.