Vivo Executive Apartment | Penang Property
Powered by verified data + DOSM
Generated 14 June 2026
Developer
—
Location
Seberang Perai, Penang
Type
Serviced Apartment
Price
RM270k+
Tenure
Freehold
Completion
—
NewProjek Verdict
- •**Value & Pricing**: Entry price of RM270,000 is competitive for freehold serviced apartments in Seberang Perai, offering reasonable value for budget-conscious buyers, though pricing competitiveness depends on unit size, finishes, and amenities relative to comparable developments in the region.
- •**Location & Connectivity**: Seberang Perai location provides affordability advantage but lacks direct MRT access, limiting convenient public transport options; connectivity relies on bus networks and personal vehicles, which may reduce appeal for commuters working in central Penang or Kuala Lumpur.
- •**Risk & Timing**: Absence of specified completion date creates uncertainty for investment timelines and rental income projections; buyer protections should be verified, and market absorption rates for serviced apartments in this corridor warrant assessment before commitment.
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 (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
RM1,000–1,300
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
3.5x
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 |
|---|---|---|---|
| Ideal Venice Residency @ Island Glades, Penang | Bukit Gambir | RM300k | Completed |
| TreeO | Bayan Lepas | RM300k | Recently Completed |
| Aston Acacia @ Bukit Mertajam, Penang | Bukit Mertajam | RM319k | Completed |
Why Consider
- • Freehold tenure ensures long-term ownership and asset appreciation potential
- • Affordable entry point at RM270,000 for serviced apartment living
- • Seberang Perai location offers growing commercial and residential development
- • Serviced apartment provides rental income opportunity for investors
- • Strategic Penang location attracts tourists and long-term tenants
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 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.