Penang Rental Renovation Case Studies
Setup cost, rental outcome and estimated setup-cost recovery for verified and representative MyReno projects across Penang.
Renovation Penang Case Studies — Built for ROI
Representative rental-focused projects designed for payback speed — not interior design showcases.
Each example highlights budget logic, rental strategy, and expected returns. We share these to set realistic expectations, not to inspire aesthetic trends.
"Annual rent-to-setup ratio" = annual rent ÷ setup cost × 100. This is a setup-cost recovery indicator, not property gross rental yield (which uses property value). "Estimated setup-cost recovery" is calculated as total setup cost divided by projected monthly rent (or, where stated, projected monthly owner net income). It is an illustrative estimate and does not include vacancy, management fees or operating expenses unless stated otherwise.
Batu Kawan
3-Bedroom Condo
RM38k setup → RM2,600/mo gross rent → est. setup-cost recovery in 14.4 months (83.2% annual rent-to-setup ratio).
- Project
- Case 01
- Location
- Batu Kawan
- Size
- 3-Bedroom Condo
- Setup cost
- RM37,500
- Recovery
- Est. setup-cost recovery: 14.4 months
- Result
- RM2,600/mo (gross rent) · 83.2% annual rent-to-setup ratio
Sungai Ara
Landed House
RM33k setup → RM4,000/mo gross rent → est. setup-cost recovery in 8.1 months (147.7% annual rent-to-setup ratio).
- Project
- Case 02
- Location
- Sungai Ara
- Size
- Landed House
- Setup cost
- RM32,500
- Recovery
- Est. setup-cost recovery: 8.1 months
- Result
- RM4,000/mo (gross rent) · 147.7% annual rent-to-setup ratio
The View Condominium, Gelugor
7-Room Co-Living Conversion
RM34,500 setup → RM3,526/month owner net (RM42,312/yr) → estimated setup-cost recovery in 9.8 months (122.6% annual rent-to-setup ratio).
- Project
- Case 03
- Location
- The View Condominium, Gelugor
- Size
- 7-Room Co-Living Conversion
- Setup cost
- RM34,500
- Recovery
- Est. setup-cost recovery: 9.8 months
- Result
- RM3,526/mo owner net · 122.6% annual rent-to-setup ratio
Source: May 2026 verified monthly statement, as featured in our MyReno × MyRoom case study video. RM3,526.72 owner net after MyRoom's 15% management fee and recorded operating expenses, including internet, electricity and cleaning, based on the May 2026 statement.
Read the full View Condominium case study →George Town
Compact Condo
RM23k setup → RM1,900/mo gross rent → est. setup-cost recovery in 11.8 months (101.3% annual rent-to-setup ratio).
- Project
- Case 05
- Location
- George Town
- Size
- Compact Condo
- Setup cost
- RM22,500
- Recovery
- Est. setup-cost recovery: 11.8 months
- Result
- RM1,900/mo (gross rent) · 101.3% annual rent-to-setup ratio
Nautilus Bay, Karpal Singh Drive, George Town
4BR Entertainment-Facility Bungalow
Management-funded setup: RM59,390.54. Owner earnings over 21 months: RM101,381.52. Management recovered the funded setup through the agreed 60/40 revenue-sharing arrangement — zero renovation outlay from the owner.
- Project
- Case 04
- Location
- Nautilus Bay, Karpal Singh Drive, George Town
- Size
- 4BR Entertainment-Facility Bungalow
- Setup cost
- RM59,390.54 (73 items) — management-funded
- Recovery
- Ongoing since Oct 2024 (21 months to date)
- Result
- RM101,381.52 owner earnings — management recovered funded setup via 60/40 revenue-share
Source: June 2026 verified monthly statement, Statement ID NBL18-2026-06. Owner payout is before the owner's own tax and holding costs.
Read the full Nautilus Bay renovation case study →Figures are based on realised project outcomes. Actual results vary by unit, market conditions, and tenant placement timeline.