Is Avion Residence freehold or leasehold?

Avion Residence is freehold, on a commercial title. Those are two separate facts and only the first usually appears in marketing. A commercial title means commercial utility and assessment tariffs, and a tighter loan margin at most banks.

Can a foreigner buy at Avion Residence?

Not at current prices. Penang Island sets a RM1,000,000 minimum for foreign buyers and no unit here clears it, so Avion Residence is open to Malaysian and PR buyers only.

When was Avion Residence completed?

Avion Residence is expected to complete in 2028, developed by Rackson Group. Read that as the developer's target — what binds is the vacant possession date in your SPA, 36 months from signing for a strata title under the Housing Development Act.

How big are the units at Avion Residence?

Built-ups run 488 to 1,328 sq ft. There are 608 units in total.

Avion Residence — serviced apartment, Bayan Lepas (opposite Penang International Airport)

New LaunchfreeholdcommercialEst. 2028 Q4

Rackson Group

Avion Residence

Name: Avion Residence
Brand: Rackson Group
Availability: InStock

Bayan Lepas (opposite Penang International Airport)

From

RM 342K

Completion 2028

Get Brochure + Price List

📲 Price list 📲 Floor plans 📅 Site visit

Tenure

freehold

Title

commercial

Total Units

608

Completion

2028

From: RM 342K
PSF: —
Tenure: freehold
Total units: 608
Status: under construction
Completion: 2028

Price at a glance

Prices as at September 2026 — Developer prices basis. Last checked 2026-08-12. The project has not completed — no resale market yet.

Unit type	Size (sqft)	Price from	PSF from
Studio / 1BR	488–700	RM342,000	~RM489
3BR	1,000–1,328	RM540,000	~RM407

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 price list 2026

2 of 2 unit types have a published price · entry from RM342,000 · completing 2028

Type	Size (sqft)	Price from	PSF (derived)	Units
Studio / 1BR	488–700	RM342,000	~489	—
3BR	1,000–1,328	RM540,000	~407	—

PSF is derived, not quoted — each row divides that type's price by its own square footage. Developers do not always state whether a published size is built-up or nett, and the two can differ by 20%. Ask for both in writing before you sign.

Developer price — the project has not completed, so there is no resale market to compare against, last checked 2026-08-12. Developers reprice between phases — confirm the current list before committing.

Every unit type here sits below the RM1M foreign-buyer minimum, so this project is open to Malaysian and PR buyers only.

⚠Commercial title, and a genuinely mixed-use tower — the 36 storeys also house a Le Meridien hotel. Expect commercial utility and assessment tariffs and a tighter loan margin than a residential condo.

Avion Residence completion date

Avion Residence is expected to complete in 2028. It is under construction now.

Read that as the developer's target, not a guarantee. What matters contractually is the vacant possession date in your SPA — 36 months from the sale and purchase agreement for a strata title under the Housing Development Act, with liquidated damages payable if the developer misses it. A launch year quoted in marketing and the VP date you can enforce are different things, so check the SPA schedule before you plan a move-in or a tenancy.

Building specifications

Blocks: 1
Floors: 36
Total units: 608

Facilities

Infinity swimming poolGymnasiumSky loungeMultipurpose hallSun deckGreen areaCard access security with 24-hour surveillance

What's nearby

🏥 Healthcare

Penang International Airport (adjacent)100m

🎓 Schools

SMK Bayan Lepas2.0km

🛍 Shopping

Queensbay Mall3.0km

Monthly Instalment Calculator

Property Price (RM)Down Payment (%)Loan Tenure (years)Interest Rate (%)

Monthly Instalment

RM 1,381

Total Interest

RM 272,381

Total Outlay

RM 614,381

Estimates only — not an offer, quotation, or representation of the developer's actual pricing or package. Actual instalments depend on the bank's approved rate, tenure and margin of financing.

📲 Discuss financing options with Zac

Other projects in bayan lepas

All 14 others we track here, cheapest first — 4 of them still selling.

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 315K – RM 1.2M

asking prices in area

Active projects

selling or under construction

Subsale condos

completed projects

Total tracked

properties in this area

Other projects in Bayan Lepas

SENZE @ PICC · RM 705K Tropicana Bay Residences · RM 315K Forest Ville · RM 450K Goodwood Residence · RM 678K Havana Beach Residences · RM 400K London Pavilion · RM 418K Maldives Residences · RM 498K One Foresta · RM 375K +6 more →

Total Cost Breakdown

Every cost you'll pay — stamp duty, legal fees, loan documentation, foreign levy. Real Penang numbers, not generic Malaysia estimates.

Purchase price (RM)

Downpayment (%)

First-time buyerForeign buyer

Downpayment	RM 34,200
SPA stamp duty (tiered 1–4%)	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.

SPA legal fee absorbed

Panel lawyer provided by developer

− RM 4,275

Loan stamp duty absorbed

0.5% on loan amount

− RM 1,539

Loan legal fee absorbed

Loan documentation fees

− RM 1,539

MOT stamp duty absorbed

Rare — confirm with developer

—

Cash rebate3% = RM 10,260

0%5%10%

Total developer savings− RM 17,613

Net upfront (after savings)

Based on typical 2026 new launch package

RM 37,620

Estimates only, based on 2026 Penang state rules — not an offer, quotation, or representation of the developer's actual package. Actual costs vary by bank, lawyer, and case complexity. Confirm exact figures with Zac →

Frequently asked questions

Why is it called Avion Residence?

Avion means aircraft — the name reflects its proximity to Penang International Airport in Bayan Lepas.

Is Avion Residence good for rental?

Yes — airport-adjacent locations have strong, stable rental demand from aviation staff, hotel workers, and FTZ employees. Yields typically 5–6% in this corridor.

What is the price of Avion Residence?

From RM342,000. Contact me for current pricing and unit availability.

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Avion Residence

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