Vivo Executive Apartment | Penang Property
Powered by verified data + DOSM
Generated 29 July 2026
Developer
—
Location
Seberang Perai, Penang
Type
Serviced Apartment
Price
RM270k+
Tenure
Freehold
Completion
—
NewProjek Verdict
- •**Value & Pricing**: Unit pricing from RM270,000 offers competitive entry-level positioning for serviced apartments in Seberang Perai, though the absence of detailed specifications and amenities breakdown limits assessment of value-for-money relative to comparable projects in the vicinity.
- •**Location & Connectivity**: Seberang Perai location provides accessibility via major road networks and proximity to industrial zones, but the absence of MRT connectivity and reliance on vehicle/bus transit may constrain appeal to buyers seeking public transport convenience, particularly for long-term rental yield potential.
- •**Risk & Timing**: The unspecified completion timeline presents material uncertainty for investment planning and cash flow projections; freehold tenure mitigates long-term risk, but prospective buyers should obtain explicit developer delivery schedules and track record verification before commitment.
NewProjek Score
8
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
3.0x
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
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 |
|---|---|---|---|
| Ideal Venice Residency @ Island Glades, Penang | Bukit Gambir | RM300k | Completed |
| TreeO | Bayan Lepas | RM300k | 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
- • 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.