Rackson Group
Avion Residence
Bayan Lepas (opposite Penang International Airport)
From
RM 342K
RM 925–1156 PSF · Completion 2027
Tenure
freehold
Title
TBC
Total Units
608
Completion
2027
- From
- RM 342K
- PSF
- RM 925–1156
- Tenure
- freehold
- Total units
- 608
- Status
- under construction
- Completion
- 2027
Zac’s Take
Zac Ong
Avion Residence is a 608-unit serviced apartment in Bayan Lepas from RM342,000. The Avion name (French for aircraft) is a play on the airport proximity — Penang International Airport is in Bayan Lepas, making this an obvious play for aviation-related staff, airport hotel operators, and FTZ workers. At RM342K for a serviced apartment near the airport, the investment thesis is clear: stable rental demand from a captive tenant base. Commercial title is standard for this type. The 608-unit count is sizable — entry-level pricing and high unit count means this is a volume/yield product rather than a premium one.
Avion Residence unit types
| Type | Config | Size (sqft) | Units | Car parks |
|---|---|---|---|---|
| Studio / 1BR | Studio / 1BR | 488–700 | — | — |
| 3BR | 3BR | 1,000–1,328 | — | — |
| Total | — | |||
Building specifications
- Blocks
- 1
- Floors
- 30
- Total units
- 608
What's nearby
🏥 Healthcare
- Penang International Airport (adjacent)100m
🎓 Schools
- SMK Bayan Lepas2.0km
🛍 Shopping
- Queensbay Mall3.0km
Monthly Instalment Calculator
Monthly Instalment
RM 1,381
Total Interest
RM 272,381
Total Outlay
RM 614,381
Bayan Lepas — area snapshot
Full area guide →Bayan Lepas is the island's industrial and tech hub, home to the Free Trade Zone and Penang International Airport. Condo demand comes primarily from professionals working in the area.
Price range
RM 300K – RM 1.2M
asking prices in area
Active projects
6
selling or under construction
Subsale condos
10
completed projects
Total tracked
17
properties in this area
Total Cost Breakdown
Every cost you'll pay — stamp duty, legal fees, loan documentation, foreign levy. Real Penang numbers, not generic Malaysia estimates.
| Downpayment | RM 34,200 |
| SPA stamp duty | RM 5,840 |
| SPA legal fee | RM 4,275 |
| MOT stamp duty (at VP) Tiered 1–4% on transfer value. Paid at Vacant Possession stage. Buyer's cost — rarely absorbed by developer. | RM 5,840 |
| Loan stamp duty (0.5%) | RM 1,539 |
| Loan agreement legal fee | RM 1,539 |
| Valuation fee | RM 1,000 |
| Search, admin, misc | RM 1,000 |
| Gross upfront total | RM 55,233 |
New launch — typical developer savings
Toggle what the developer is absorbing. Confirm the actual package before signing.
Net upfront (after savings)
Based on typical 2026 new launch package
Estimates based on 2026 Penang state rules. Actual costs vary by bank, lawyer, and case complexity. Confirm exact figures with Zac →
Frequently asked questions
Why is it called Avion Residence?
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Is Avion Residence good for rental?
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What is the price of Avion Residence?
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From
RM 342K
Avion Residence