Viluxe @ Aspen Vision City, Double Storey Terrace Homes | Penang Property
Powered by verified data + DOSM
Generated 14 June 2026
Developer
—
Location
Seberang Perai, Penang
Type
Landed House
Price
RM1.1 mil+
Tenure
Freehold
Completion
—
NewProjek Verdict
- •**Value & Pricing:** The RM1.1M entry price point for double storey terrace homes offers moderate value in the Seberang Perai market; however, without comparative analysis of similar properties in the immediate vicinity, assessment of pricing competitiveness remains limited.
- •**Location & Connectivity:** Seberang Perai's location lacks proximity to major public transport infrastructure (no MRT connectivity noted), though the area benefits from established road networks; accessibility depends heavily on private vehicle ownership for commuting to employment centers in George Town or Butterworth.
- •**Risk & Timing:** The absence of a specified completion date introduces execution and timeline uncertainty; prospective buyers should seek clarification on development phases and handover schedules before commitment, as delayed completions are a documented concern in Penang property developments.
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 (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
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%
Verified 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 |
|---|---|---|---|
| Double Storey Terrace Homes (Glamour & Shine) @ Amansara North, Setia Fontaines, Penang SP Setia | Kepala Batas | RM589k | New Launch |
| Eco Sun Eco World Development | Batu Kawan | RM678k | Under Construction |
| Eco Horizon Eco World Development | Batu Kawan | RM678k | Completed |
Why Consider
- • Freehold landed property in growing Seberang Perai area
- • Competitive RM1.1M price point for double storey terrace
- • Strategic location near Aspen Vision City development hub
- • Strong investment potential in expanding Penang property market
- • Modern double storey design with practical family living
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 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.