Viluxe @ Aspen Vision City, Double Storey Terrace Homes | Penang Property
Powered by verified data + DOSM
Generated 29 July 2026
Developer
—
Location
Seberang Perai, Penang
Type
Landed House
Price
RM1.1 mil+
Tenure
Freehold
Completion
—
NewProjek Verdict
- •**Pricing & Value**: At RM1.1 million for double storey terrace homes in Seberang Perai, the project offers competitive positioning for landed property in this suburban tier, though value assessment is limited without comparative analysis of built-up area, finishes, and amenities relative to competing developments in the same price range.
- •**Location & Connectivity**: Seberang Perai's strategic positioning provides access to Penang's industrial and commercial corridors, but the absence of nearby MRT connectivity represents a significant limitation for commuters, with reliance on personal transport or existing bus infrastructure potentially impacting long-term appeal and rental demand.
- •**Risk & Timing**: The lack of specified completion timeline creates uncertainty for investors and buyers regarding cash flow planning and market conditions at handover; this ambiguity warrants clarification from the developer, particularly given Penang's competitive property landscape where delivery delays can affect market
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
12.4x
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
RM7,386/mo
DOSM 2024
Mean Household Income
RM9,152/mo
DOSM 2024
Households Above RM8k
~42%
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 Horizon Eco World Development | Batu Kawan | RM678k | Completed |
| Eco Sun Eco World Development | Batu Kawan | RM678k | Under Construction |
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.