Penang condos 2026: the top 10 new and recent projects, scored

Area

Southbay City, Batu Maung, Penang

Type

Serviced apartments with commercial lots

Tenure

Freehold

Units

833 · 37 storeys (The Star, Jul 2026); the developer's page describes two 37-storey towers

Built-up

721–1,432 sq ft

From

RM 530,800 (Oct 2026)

Completion

Not published by the developer

Status

Launched July 2026 · phase 1A 92% taken up (Jul 2026)

Nearest rail

Butterworth (KTM ETS and KTM Komuter (Penang Sentral)) · 14.9 km

Green rating

GreenRE certification listed by the developer (level not published)

Mah Sing's second M Series project in Penang: 833 freehold serviced apartments over ground-floor shops on 4.8 acres in the Southbay township at Batu Maung, about 900 m from the Second Penang Bridge. Layouts run from a 721 sq ft one-bedroom-plus-study to 1,432 sq ft four-bedroom units. The nearest operating station, Butterworth, is across the strait, 14.9 km away.

• Distance to the nearest planned Mutiara Line LRT station, Sungai Tiram (not yet open, service expected in December 2031): about 2.4 km in a straight line.
• The site is not mapped in OpenStreetMap; we measured from Southbay Plaza, Mah Sing's earlier tower in the same township (not confirmed).
• Price: the developer's page shows "from RM530,800" in October 2026; the launch was reported at "from RM480,000" (The Star, Jul 2026).
• Gross development value: RM516 million (The Star, Jul 2026). Village Grocer is signed as the anchor tenant of the retail podium (EdgeProp, Jul 2026).
• The developer's page describes the project as freehold. Foreign buyers: the Penang island minimum for a strata unit is RM1 million, above the published entry price.

Area

Southbay City, Batu Maung, Penang

Type

Serviced apartments with 10 commercial lots (commercial title)

Tenure

Freehold

Units

494 · 33 storeys

Built-up

688–1,184 sq ft

From

RM 530,800 (Oct 2026)

Completion

Not published by the developer

Status

Launched Oct 2025 · about 70% taken up (Oct 2025)

Nearest rail

Butterworth (KTM ETS and KTM Komuter (Penang Sentral)) · 14.9 km

Mah Sing's first M Series project in Penang: a single 33-storey tower of 494 freehold serviced apartments on a 2.72-acre site in Southbay City, 900 m from the Second Penang Bridge. Three layouts: 688, 958 and 1,184 sq ft. Butterworth, the nearest operating station, is 14.9 km away across the strait.

• Distance to the nearest planned Mutiara Line LRT station, Sungai Tiram (not yet open): about 2.4 km in a straight line.
• The site is not mapped in OpenStreetMap; we measured from Southbay Plaza, in the same township (not confirmed).
• Price: "from RM530,800 onwards" on the developer's page in October 2026. At launch the press reported indicative prices from RM480,000 (EdgeProp, Oct 2025).
• Gross development value: RM309 million. About 70% was taken up shortly after launch (EdgeProp, 9 Oct 2025).
• The developer states it is a mixed development with commercial title, so the units are serviced apartments rather than condominiums.

Area

Lorong Slim, Jelutong, Penang

Type

Low-density residences, single tower

Tenure

Freehold

Units

268 · 34 storeys

Built-up

1,087–1,647 sq ft

From

RM 969,000 (Nov 2025)

Completion

Early 2030 (developer, at launch)

Status

Launched Nov 2025 · take-up not published

Nearest rail

Butterworth (KTM ETS and KTM Komuter (Penang Sentral)) · 6.1 km

A 34-storey freehold tower of 268 homes on a 2.3-acre parcel off Lorong Slim in Jelutong, by one of Malaysia's largest listed developers. Four layouts from 1,087 to 1,647 sq ft, with indicative prices from RM969,000 at launch. Butterworth station is 6.1 km away across the strait.

• Distance to the nearest planned Mutiara Line LRT station, East Jelutong (not yet open): about 1.4 km in a straight line.
• The site is not mapped in OpenStreetMap; we measured from Lorong Slim (not confirmed).
• Gross development value: RM343 million (EdgeProp, Dec 2025). Take-up has not been published.
• Portals now show higher asking prices (from about RM1.07 million); we show the launch figure reported by the press.
• Foreign buyers: the island minimum is RM1 million per strata unit, so the smallest units may fall just below it.

Area

Gurney Green, Andaman Island (Seri Tanjung Pinang), Penang

Type

Serviced apartments, two towers (commercial title)

Tenure

Freehold

Units

1,080

Built-up

678–1,076 sq ft

From

RM 724,000 (Jun 2026)

Completion

June 2030 (developer, June 2026)

Status

Tower A about 65% taken up (Jun 2026) · Tower B selling

Nearest rail

Butterworth (KTM ETS and KTM Komuter (Penang Sentral)) · 8.0 km

Green rating

GreenRE Platinum (provisional)

E&O's second marina-front project on Andaman Island, the reclaimed island off Gurney Bay now linked to Gurney Drive by the Gurney Bridge: 1,080 furnished serviced apartments in two towers of 540 units on a five-acre freehold site with a commercial title. Five layouts from 678 to 1,076 sq ft. Butterworth station is about 8 km away across the strait.

• Distance to the nearest planned Mutiara Line LRT station, Komtar (not yet open): about 4.3 km in a straight line.
• The site is not mapped in OpenStreetMap; we measured from the centre of Andaman Island (not confirmed). Storey count not published.
• Gross development value: about RM1 billion. Tower B is priced from RM724,000 (EdgeProp, 11 Jun 2026); no price was published for Tower A.
• Foreign buyers: units below RM1 million are under the Penang island minimum for strata property.

Area

Gurney Green, Andaman Island (Seri Tanjung Pinang), Penang

Type

Furnished serviced residences, single tower

Tenure

Freehold

Units

516 · 49 storeys

Built-up

979–1,356 sq ft

From

RM 950,000 (Jan 2025)

Completion

2029 (EdgeProp, Aug 2025)

Status

Launched Jan 2025 · about 75% taken up (Jun 2026)

Nearest rail

Butterworth (KTM ETS and KTM Komuter (Penang Sentral)) · 8.0 km

A 49-storey freehold tower of 516 furnished serviced residences on 3.2 acres in the Gurney Green district of Andaman Island, E&O's first marina-front project there. Two-bedroom units of 979 sq ft and three-bedroom units of 1,177 to 1,356 sq ft, from RM950,000 at launch. Butterworth station is about 8 km away.

• Distance to the nearest planned Mutiara Line LRT station, Komtar (not yet open): about 4.3 km in a straight line.
• The site is not mapped in OpenStreetMap; we measured from the centre of Andaman Island (not confirmed).
• Gross development value: close to RM700 million (The Star, Jan 2025); RM690 million and a price range of RM950,000 to RM2 million (EdgeProp, Aug 2025).
• Take-up: 50% in August 2025 (EdgeProp), about 75% in June 2026 (StarProperty).
• Foreign buyers: the cheapest units are below the RM1 million island minimum.

Area

Shoreline district, Andaman Island (Seri Tanjung Pinang), Penang

Type

Luxury apartments, single tower, six units per floor

Tenure

Freehold

Units

261 · 50 storeys (The Edge, 2024); 49 storeys (EdgeProp, 2025)

Built-up

1,722–2,874 sq ft

From

RM 2,200,000 (Aug 2024)

Completion

Not published by the developer

Status

Launched 2024 · about 60% taken up (Aug 2025)

Nearest rail

Butterworth (KTM ETS and KTM Komuter (Penang Sentral)) · 8.0 km

E&O's large-format tower in the Shoreline district of Andaman Island: 261 apartments of 1,722 to 2,874 sq ft, six per floor, on a 3.16-acre freehold site. Prices started at RM2.2 million at launch. Butterworth station is about 8 km away across the strait.

• Distance to the nearest planned Mutiara Line LRT station, Komtar (not yet open): about 4.3 km in a straight line.
• The site is not mapped in OpenStreetMap; we measured from the centre of Andaman Island (not confirmed).
• Gross development value: RM689 million (EdgeProp, Aug 2024) or RM650 million (EdgeProp, Aug 2025); price range RM2.2 million to RM3.8 million (EdgeProp, Aug 2025).
• Sources give the launch as July 2024 (EdgeProp, 2025) and August 2024 (EdgeProp and StarProperty reports dated 8 and 12 Aug 2024).
• Foreign buyers: all published prices are above the RM1 million island minimum; the state levy applies.

Area

The Light City, Gelugor, Penang

Type

Condominiums, two towers

Tenure

Freehold

Units

262 · Two 34-storey towers

Built-up

1,152–3,186 sq ft

From

RM 2,050,000 · RM ~1,780 avg psf (Nov 2024)

Completion

1Q 2029 (developer-sponsored article, Aug 2026)

Status

Selling · take-up not published

Nearest rail

Butterworth (KTM ETS and KTM Komuter (Penang Sentral)) · 5.9 km

The last residential phase of The Light City on the Gelugor waterfront: 262 freehold condominiums in two 34-storey towers on 2.87 acres, at almost RM1,800 psf the most expensive project in Penang according to the developer in 2024. Layouts from 1,152 sq ft. The planned Penang Waterfront LRT station is about 500 m away; Butterworth, the nearest operating station, is 5.9 km away.

• Distance to the nearest planned Mutiara Line LRT station, Penang Waterfront (not yet open): about 490 m in a straight line, measured to the station position on the published route map.
• Gross development value: RM694 million. Priced from RM2.05 million or RM1,780 psf (The Edge interview republished by IJM Land, Nov 2024); a sponsored article in August 2026 gives from RM2.06 million.
• The developer is a subsidiary of IJM Perennial Development, owned 50:50 by IJM Corp Bhd (listed) and Singapore-based Perennial; we do not count it as listed because the listed company does not hold a majority.
• We found no report confirming the February 2025 launch date or the take-up.
• Foreign buyers: all published prices are above the RM1 million island minimum; the state levy applies.

Area

The Light Waterfront, Jalan Pantai Sinaran, Gelugor, Penang

Type

Condominiums above a commercial podium, single tower

Tenure

Not confirmed

Units

145 · 39 storeys (residences on levels 11 to 39)

Built-up

1,055–1,206 sq ft

From

RM ~1,350 avg psf (Aug 2025)

Completion

Not published by the developer

Status

Launched Sept 2026 · commercial floors 100% taken up

Nearest rail

Butterworth (KTM ETS and KTM Komuter (Penang Sentral)) · 6.1 km

A single 39-storey tower on 1.88 acres of The Light Waterfront, with 145 semi-furnished condominiums of 1,055 to 1,206 sq ft above shops, offices and business suites, five homes per floor. The developer says it will be linked to the planned Penang Waterfront LRT station by a covered walkway. Butterworth station is 6.1 km away.

• Distance to the nearest planned Mutiara Line LRT station, Penang Waterfront (not yet open): about 570 m in a straight line. The site is not mapped; we measured from the Penang Waterfront Convention Centre next door (not confirmed).
• Price: the residences were announced at RM1,350 psf (The Edge interview republished by IJM Land, Aug 2025). No "from" price has been published by the developer or the press.
• Tenure is not stated by the developer or the press; agent listings say freehold, so we score it as not confirmed.
• IJM Land is wholly owned by IJM Corporation Bhd. Sunway's takeover offer for IJM lapsed in April 2026, so IJM stays listed (The Star, 7 Apr 2026).
• Foreign buyers: at RM1,350 psf every layout would be above the RM1 million island minimum.

Area

Gurney Drive, Tanjong Pinang, Penang

Type

Branded residences, single tower

Tenure

Freehold

Units

498 · 69 storeys

Built-up

1,033–3,670 sq ft

From

RM 2,000,000 (Jan 2026)

Completion

2030 (The Edge, Jan 2026); mid-2028 in an earlier EdgeProp guide

Status

Launched Sept 2025 · 75% to 80% taken up (Jan 2026)

Nearest rail

Butterworth (KTM ETS and KTM Komuter (Penang Sentral)) · 7.8 km

A 69-storey freehold tower of 498 residences under the Westin brand on Gurney Drive, described by Bernama as the tallest residential building in northern Malaysia. Units from 1,033 to 3,670 sq ft. Butterworth station is 7.8 km away across the strait.

• Distance to the nearest planned Mutiara Line LRT station, Komtar (not yet open): about 3.7 km in a straight line.
• Price: from RM2,000 psf at the official launch (Bernama, Sept 2025); RM2 million to RM15 million (The Edge, Jan 2026).
• Take-up: 75% since the soft launch, according to the developer (Bernama, Sept 2025); 75% to 80% (The Edge, Jan 2026).
• Macrovest is privately held, not listed on Bursa Malaysia.
• Foreign buyers: all published prices are above the RM1 million island minimum; the state levy applies.

Area

Jalan Bukit Gambir, Gelugor, Penang

Type

Serviced apartments, two towers

Tenure

Freehold

Units

982 · Two blocks of 59 storeys (The Edge, Jan 2026); listings give other heights

Built-up

1,100–1,700 sq ft

From

RM 588,800 (Jan 2026)

Completion

2030 (The Edge, Jan 2026)

Status

Launched Sept 2025 · 50% to 60% taken up (Jan 2026)

Nearest rail

Butterworth (KTM ETS and KTM Komuter (Penang Sentral)) · 8.4 km

The first Penang project of Pinnacle Homes: 982 freehold serviced apartments in two towers on Jalan Bukit Gambir in Gelugor. Prices run from RM588,800 to RM1.71 million according to a consultant's market report. Butterworth station is 8.4 km away.

• Distance to the nearest planned Mutiara Line LRT station, Gelugor (not yet open): about 1.7 km in a straight line.
• Sizes of 1,100 to 1,700 sq ft and the RM588,800 entry price come from the same consultant report; we could not match the smallest size with the entry price (not confirmed).
• Pinnacle Homes is privately held, not listed on Bursa Malaysia.
• Foreign buyers: units below RM1 million are under the island minimum for strata property.