The Light Point Review 2026 — 88 Homes in The Light Waterfront's Boutique Tower

Eighty-eight homes in a 28-storey tower is very few for Penang. That's the point of The Light Point: the smallest building at The Light Waterfront, with about four large freehold homes per floor and high views across the channel to the Penang Bridge.

Key takeaways:

• 88 freehold homes, one 28-storey tower, about four per floor, seven layouts of about 1,830–4,090 sq ft.
• Launched in 2009 at about RM620 per sq ft; 2026 asking about RM1.8M–4.9M, roughly RM850–1,200 per sq ft.
• Rents about RM4,000–7,000 a month: a home to live in, not a yield play.
• For buyers who want privacy and height inside the precinct, now with a mall next door.

What you get

Seven layouts: three-bedrooms of about 1,830 and 1,930 sq ft, four-bedrooms of about 2,220 to 3,300 sq ft, and a five-bedroom of about 4,090 sq ft. With roughly four homes per floor, lifts are quiet and you'll know your neighbours. Higher floors look out over the water toward the bridge.

The tower sits on about 2.87 acres, which is generous for 88 homes. Facilities include a 50-metre pool and children's pool, gym, games and reading rooms, jacuzzi, barbecue area, tennis court, multipurpose hall and a sky lounge. It's freehold on residential title.

What has changed since launch

The Light Point launched in December 2009 at an average of about RM620 per sq ft. In 2026, asking prices work out to roughly RM850–1,200 per sq ft, about 1.4 to 1.9 times the launch level over 17 years. That's in line with the rest of the precinct: you're not paying much of a premium for the exclusivity, and the building hasn't run ahead of its neighbours either.

Prices and rents in 2026

Asking prices ran from about RM1.8M to RM4.9M. The bottom is a three-bedroom on a lower floor; the top is the largest layouts high up with an open view.

Rents run from about RM4,000 to RM7,000 a month. On a RM2.5M purchase that's under 3.5% gross, so buy it to live in.

Living here once the mall opens

The Waterfront Shoppes soft-opens on 29 October 2026, with about 1.6 million sq ft and around 300 shops beside the convention centre. For a quiet boutique tower, that's a mixed blessing: daily convenience within walking distance, but more cars and visitors in the precinct, at least in the first months. Visit at a weekend peak before you decide. More in my Waterfront Shoppes opening guide.

Getting around

Measured road distances from the precinct, at free-flow speeds (rush hour takes longer):

• Lam Wah Ee Hospital: about 8 km, 11 minutes.
• Komtar, George Town: about 10.5 km, 12 minutes.
• Gleneagles and Island Hospital: about 12.5 km, 15 minutes.
• Gurney Plaza: about 13.5 km, 15 minutes.

The Mutiara Line's Penang Waterfront (The Light) station is planned beside the precinct, due in December 2031. In Klang Valley, new stations added only a small premium to nearby prices, so treat it as a convenience, not a reason to pay more.

The catches

With only 88 homes, listings are infrequent, so you may have to wait for the right unit.

Fewer owners share the running costs of a 50-metre pool and a 28-storey tower. Ask for the service charge, the sinking-fund balance and the management accounts.

The building is now about 13 years old. Ask what has been spent on lifts and waterproofing, and what's planned.

Which Light building suits you?

The Light Collection III offers similarly large homes in a low-rise setting closer to the water. The Light Collection IV is the newest completed Collection phase. Lightwater Residences is the new luxury launch nearby, from about RM2.05M, due in 2029. The Light Waterfront guide compares every phase.

Current details and listings are on The Light Point project page.

Sources: Layouts, land area and facilities from StarProperty; launch pricing from EdgeProp's coverage of IJM's 2009–10 launches. Asking prices and rents from portal listings (September–October 2026). Road distances measured on OpenStreetMap routing; LRT station from MRT Corp's Mutiara Line site.