Mahkota Impian @ Penang | Freehold Subsale RM430K | Propmula
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Completed · Subsale Reference Analysis Serviced Residence

Mahkota Impian @ Penang

Jalan Rozhan, Alma, Bukit Mertajam, Penang

Freehold 3-bedroom serviced residence in established Alma, completed in 2017, with 2 side-by-side car parks and strong everyday convenience. AEON Mall Bukit Mertajam and Lotus's are only a few minutes away, while the RM430,000 asking price sits close to the recent transaction median.

From RM 430,000
Subsale Market Snapshot

Current Market Price Summary

A concise Mahkota Impian market snapshot covering current resale asking prices, rental asking evidence and registered transactions. Asking prices and completed transactions are deliberately separated so advertised seller expectations are not mistaken for actual recorded deals. Portal-by-portal listing counts are intentionally avoided because duplicate advertisements can represent the same underlying unit.

Market checked
3 Sep 2026
For Sale

Current Asking Price

Reference Asking
RM430k
The 1,173 sqft reference unit used throughout this page: 3 bedrooms, 2 bathrooms and 2 side-by-side car parks.
Visible Comparable Cluster
~RM398k – RM439k
Recent conventional public resale examples reviewed cluster around this band. Higher renovated examples around RM459k–RM480k and a much lower RM328.1k ask are better treated as unit-specific outliers until condition and motivation are checked.
Common Comparable Profile
3BR · 2BA · ~1,130–1,173 sqft
Floor level, view, renovation, furnishing, tenancy status, car-park entitlement and exact built-up can materially change the correct comparison.
Mainstream Asking PSF
~RM340 – RM376 psf
This band reflects the more conventional recent examples around RM398k–RM439k; extreme low or renovated-premium asks can sit outside it.
Market reading

The RM430k reference sits inside the current mainstream asking cluster and is also equal to the latest 12-month registered median by total price. That makes it a reasonable market-reference point, but not an automatic bargain: compare floor, view, condition, renovation, furnishing, tenancy status and car parks before deciding what a particular unit is worth.

Ask For Sale Available Unit
For Rent

Current Asking Rent

Current Observed Range
~RM1,500 – RM2,000 / mo
Recent public 3-bedroom rental examples cover basic or lower-priced units around RM1,500–RM1,600 and better-furnished examples up to about RM2,000.
Mainstream Current Cluster
~RM1,800 – RM1,900 / mo
Several recent fully furnished 3-bedroom examples reviewed sit around RM1,800–RM1,900 per month, with some premium asks reaching RM2,000.
Typical Rental Profile
3BR · 2BA · ~1,100–1,187 sqft
Furnishing, renovation, air-conditioning, floor, view, car parks and tenancy term can materially affect achievable rent.
Indicative Gross Asking Yield
~5.0% – 5.3%
Illustrative only: RM1,800–RM1,900 monthly asking rent against the RM430,000 reference price, before maintenance, vacancy, financing and other ownership costs.
Rental reading

The stronger current rental asks are mostly associated with furnished 3-bedroom units, but asking rent is not signed tenancy evidence. For cash-flow analysis, confirm actual achieved rent, furnishing package, floor, view, vacancy and tenancy term before relying on the headline yield.

Ask For Rent Available Unit
Registered Transactions

Latest Same-Project Transaction Benchmark

Median Price
RM430,000
Median PSF
RM370 psf
5 registered transactions · Jan 2025 – Dec 2025 · Middle 50% price band RM400,000 – RM455,000 · Middle 50% PSF band RM351 – RM399 psf.
Date / PeriodRecordBuilt-upPrice EvidencePSF Evidence
Jul 2025NAPIC-backed visible record1,130 sqftRM400,000RM353.91 psf
Jul 2025NAPIC-backed visible record1,141 sqftRM415,000RM363.72 psf
Apr 2025NAPIC-backed visible record1,141 sqftRM480,000RM420.69 psf
Jan 2025NAPIC-backed visible record1,141 sqftRM400,000RM350.57 psf

Brickz's latest public aggregate shows five Mahkota Impian transactions during Jan–Dec 2025. The table above lists selected individual NAPIC-backed records whose price and built-up details are publicly visible. The aggregate sample can therefore contain an additional transaction not reproduced here. Registered prices are historical evidence and do not guarantee today's bank valuation or negotiated price.

Propmula Interpretation

How to read the RM430k reference

The RM430,000 reference price sits inside the current mainstream asking cluster of roughly RM398k–RM439k and matches the latest registered 12-month median by total price. At 1,173 sqft it is about RM366.58 psf, also close to the RM370 registered median PSF. The practical conclusion is “around current market reference,” not automatically cheap or expensive. A lower-floor or basic-condition unit may deserve a discount, while renovated, higher-floor or better-view units can justify a premium.

Important

Public asking prices can change quickly, duplicate listings may represent the same unit, and advertised prices can be negotiable. Rental asks are not signed tenancy evidence. Registered transactions are historical evidence and do not guarantee today's bank valuation or final negotiated price.

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Affordability Check

Financial eligibility assessment.

Monthly Commitment

Est. Loan Installment
SPA: RM 430,000
RM 1,622 / month (Est.)
Margin
90.0%
Tenure
35 Yrs
Rate
3.6%
Maintenance + Sinking Fund Rate pending verification
RM 0/mo (Est.)

Eligibility Requirement

To comfortably purchase this property, banks typically require a minimum monthly net income.

Min. Monthly Net Income: ~RM 3,172++

Cash Upfront Analysis

Estimated initial costs breakdown.

Booking Fee RM 4,300
Chart items are for reference only. Booking fee is displayed separately; verify the latest package and actual upfront treatment before commitment.
LIVABILITY EVALUATION

Livability Analysis

Mahkota Impian is positioned for practical family living: 1,173 sqft, 3 bedrooms, 2 bathrooms and 2 side-by-side car parks, with shopping, groceries, clinics, dining and education concentrated around the mature Alma neighbourhood.

Property Fast Facts

Property Type:Service Residence
Built Up:1,173 sqft
Car Parks:2 side by side
Bedrooms:3
Bathrooms:2

Livability Methodology

Livability is strongest in day-to-day efficiency and family practicality. Major retail, healthcare, education, food, fuel, banking and bus access can generally be reached within about 10 minutes. The main trade-offs are the lack of walkable rail transit and a more typical mature-condominium density profile.

  • Safety 8/10

    8/10 — 24-hour security and an established urban setting support daily security. The score is moderated by normal high-rise visitor/rental exposure and the need to keep site-specific environmental risks under periodic review.

  • Convenience 7/10

    7/10 — AEON Mall, Lotus's, schools, clinics and daily services are clustered nearby; the main limitation is the absence of walkable LRT/MRT access.

  • Comfortability 7/10

    7/10 — The family-oriented layout, usable balcony/yard arrangement and neighbourhood/city outlook offer reasonable comfort, though this is not a boutique low-density development.

  • Long Term Fit 7/10

    7/10 — Three bedrooms, two bathrooms and two side-by-side car parks suit small-to-medium families, while freehold tenure supports a longer holding period; the sub-1,200 sqft size limits flexibility for larger households.

  • Life Efficiency 10/10

    10/10 — Kindergarten, primary and secondary education, a college, shopping, dining, fuel, bus stops, medical care and banks can all be reached within roughly 10 minutes, reducing routine travel time.

Livability Matrix

LIVABILITY SCORE: 39/50

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* Remark: Our evaluation results are based on default setting parameters. Please contact us for your specific requirements.

FINANCIAL INSIGHTS

Investment Analysis

At RM430,000 (about RM366.58 psf), the asking level is close to the recent 24-month transaction median of about RM425,000 / RM365.59 psf. An assumed RM1,700 monthly rent implies about 4.74% gross yield, suggesting a fair-market entry with moderate income rather than a deep-value or high-yield proposition.

Property Fast Facts

Tenure:Freehold
Asking Price vs Median:RM430,000 vs RM425,000 median (+1.2%)
Asking Price psf vs Median:RM366.58 psf vs RM365.59 psf median (+0.3%)
Asking Price Rental Yield:4.74%
Total Units:360

Investment Methodology

Investment profile is balanced rather than aggressive. Mahkota Impian benefits from mature Alma demand, freehold tenure, immediate retail convenience and a completed product. However, the approximate 4.74% gross yield, competing secondary supply and modest recent price momentum reduce the case for high-growth or high-cash-flow investors.

  • Supply/Demand 6/10

    6/10 — Demand is supported by the established Alma catchment and multiple renter/buyer profiles, but buyers still have meaningful competing subsale choices in the surrounding market.

  • Cash Flow 5/10

    5/10 — At about RM1,700 monthly rent against a RM430,000 purchase price, gross yield is roughly 4.74%, which is serviceable but not high-yield after maintenance, vacancy and financing costs.

  • Appreciation 5/10

    5/10 — The area is mature and well-served, but recent transaction evidence points to moderate/flat price momentum rather than a strong catalyst-led re-rating.

  • Entry Cost 7/10

    7/10 — A RM430,000 entry keeps absolute cash requirements and monthly financing relatively accessible compared with many newer high-rise projects, although down payment, legal and stamp costs remain material.

  • Product USP 6/10

    6/10 — Freehold tenure, completed status, proximity to AEON and Lotus's, a 3-bedroom family layout and two side-by-side car parks support resale appeal, but the product is not highly differentiated.

Investment Matrix

INVESTMENT SCORE: 29/50

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* Remark: Our evaluation results are based on default setting parameters. Please contact us for your specific requirements.

90-SECOND HOME FIT TEST

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      Mahkota Impian Project Summary & Review

      Who is this property suitable for?

      Small-to-medium families seeking a completed freehold high-rise home in Alma. Buyers who value nearby retail, education, healthcare, dining, banking and daily services. Buyers who prefer a moderate reference entry price and are willing to compare individual subsale units by floor, view, renovation and condition.

      Why does the location matter?

      The workbook places Mahkota Impian in the mature Alma / Jalan Rozhan catchment, with education, retail, dining, fuel, bus stops, clinics and banking generally assessed within about 10 minutes.

      What are the main strengths?

      Freehold tenure; Completed project with no construction wait; 1,173 sqft reference unit; 3-bedroom family layout; 2 side-by-side car parks; 39/50 manual Livability score; 10/10 Life Efficiency score; RM430,000 reference asking price close to the workbook's cited recent transaction median; Mature Alma daily-amenity cluster.

      What is Propmula's verdict?

      Based on the supplied workbook analysis, Mahkota Impian is strongest as a practical completed own-stay option in mature Alma, with a balanced but moderate investment profile.

      Frequently Asked Questions about Mahkota Impian

      What asking price is used for this Mahkota Impian page analysis?

      The supplied workbook uses RM430,000 as the reference asking price for affordability and investment analysis. It is a selected reference price for this page, not the minimum price for the whole current resale market.

      What is the reference unit used in the analysis?

      The workbook uses a 1,173 sqft reference unit with 3 bedrooms, 2 bathrooms and 2 side-by-side car parks.

      What financing assumptions are used?

      The affordability example uses 90% financing over 35 years at 3.6% per year, producing a RM387,000 loan and an estimated monthly instalment of about RM1,621.94.

      How much initial cash is estimated?

      The workbook estimates RM62,535 across legal fees, loan stamp duty, MOT and downpayment. The RM4,300 booking fee is shown separately.

      Is Mahkota Impian freehold?

      Yes. The supplied workbook records Mahkota Impian as Freehold.

      When was Mahkota Impian completed and how many units are there?

      The workbook highlights state completion in 2017 and record 360 total units.

      What gross rental yield is used in the investment analysis?

      Using the workbook's assumed RM1,700 monthly rent against the RM430,000 reference asking price gives an estimated gross rental yield of about 4.74% before maintenance, vacancy, financing and other ownership costs.

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