Viluxe @ Aspen Vision City, Double Storey Terrace Homes | Penang Property
Powered by NAPIC + DOSM data
Generated 15 March 2026
Developer
—
Location
Seberang Perai, Penang
Type
Landed House
Price
RM1.1 mil+
Tenure
Freehold
Completion
—
NewProjek Verdict
Viluxe @ Aspen Vision City offers competitively priced freehold double storey terrace homes in the developing Seberang Perai corridor, making it potentially attractive for owner-occupiers seeking affordable landed properties in Penang. However, prospective buyers should note the absence of nearby public transportation and the unspecified completion timeline, which may impact accessibility and investment certainty. Due diligence is recommended regarding the developer's track record and the infrastructure development plans for Aspen Vision City before commitment.
- • 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 | New Launch |
| Double Storey Terrace Homes (Glamour & Shine) @ Amansara North, Setia Fontaines, Penang | Kepala Batas | RM589k | New Launch |
✅ Why Consider
- • Located in Seberang Perai, Penang
- • Freehold title property
- • By Developer
⚠️ 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
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.