penangproperty
Bayan Suite — serviced apartment, Bayan Mutiara
New LaunchfreeholdcommercialEst. 2027 Q4

Mutiara Biopolis Developments Sdn. Bhd.

Bayan Suite

Bayan Mutiara

From

RM 512K

RM 700+ PSF · Completion 2027

Tenure

freehold

Title

commercial

Total Units

326

Completion

2027

From
RM 512K
PSF
RM 700
Tenure
freehold
Total units
326
Status
under construction
Completion
2027

Price at a glance

Prices as at November 2026 — Developer prices basis. Last checked 2026-10-04. The project has not completed — no resale market yet.

Unit typeSize (sqft)Price fromPSF from
All units592–871RM512,000RM700
Z

Zac’s Take

Zac Ong

Bayan Suite is a freehold serviced residence in Bayan Mutiara by Mutiara Biopolis Developments: a single tower of 326 fully furnished homes plus 20 shop offices, expected in late 2027.

Layouts are compact, about 592 to 872 sq ft, including a dual-key option, with marketed prices from roughly RM512,000.

It's aimed at buyers who want a furnished, lock-up-and-leave unit near Queensbay and the Bayan Lepas industrial zone, often to let to professionals. Keep in mind that serviced residences usually sit on commercial title, with commercial utility rates, and that short-term letting isn't allowed on Penang Island under the 2026 homestay by-law. It's below the RM1M foreign-buyer minimum.

Bayan Suite price list 2026

0 of 2 unit types have a published price · completing 2027

TypeSize (sqft)Price fromPSF (derived)Units
Studio/1BR592On application——
2BR700–871On application——

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 2026-10-04. Developers reprice between phases — confirm the current list before committing.

No published unit type clears the RM1M foreign-buyer minimum, but 2 types are priced on application — those may qualify. Ask before ruling the project out.

2 unit types are priced on application

Usually the penthouses and duplexes — developers hold those back rather than publish them. I can get you the current figure and the floor plan directly.

📲 Ask for the current price list

Bayan Suite completion date

Bayan Suite is expected to complete in 2027. 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
31
Total units
326

Facilities

Wading PoolJacuzziBubble JetsCabanaCar Park Podium

What's nearby

🏥 Healthcare

  • Pantai Hospital Penang

🎓 Schools

  • Fairview International School Penang
  • Penang Medical College

🛍 Shopping

  • Queensbay Mall
  • AEON Bukit Jambul

Monthly Instalment Calculator

Monthly Instalment

RM 2,068

Total Interest

RM 407,776

Total Outlay

RM 919,776

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 mutiara

All 3 others we track here, cheapest first — 1 of them still selling.

Bayan Mutiara — area snapshot

Full area guide →

Price range

RM 420K – RM 620K

asking prices in area

Active projects

1

selling or under construction

Subsale condos

2

completed projects

Total tracked

4

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.

DownpaymentRM 51,200
SPA stamp duty (tiered 1–4%)RM 9,360
SPA legal feeRM 6,370
MOT stamp duty (at VP)

Tiered 1–4% on transfer value. Paid at Vacant Possession stage. Buyer's cost — rarely absorbed by developer.

RM 9,360
Loan stamp duty (0.5%)RM 2,304
Loan agreement legal feeRM 2,304
Valuation feeRM 2,000
Search, admin, miscRM 1,000
Gross upfront totalRM 83,898

New launch — typical developer savings

Toggle what the developer is absorbing. Confirm the actual package before signing.

Cash rebate3% = RM 15,360
0%5%10%
Total developer savings− RM 26,338

Net upfront (after savings)

Based on typical 2026 new launch package

RM 57,560

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

What is the price of Bayan Suite?

+
Bayan Suite runs RM512,000 and up. That is the developer's price. The project has not completed, so there is no resale market to compare against yet. That works out to about RM700 per square foot. Checked 2026-10-04.

Is Bayan Suite freehold or leasehold?

+
Bayan Suite 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 Bayan Suite?

+
Yes, if you are on MM2H. MM2H participants can buy residential property in Penang from RM500,000 (up to two homes), and Bayan Suite is priced above that. Other foreign buyers need RM1,000,000 for strata property on the island, which homes here do not reach. Add the state levy, a flat 8% stamp duty, and 3–4 months for state consent.

When will Bayan Suite be completed?

+
Bayan Suite is expected to be completed in 2027, by Mutiara Biopolis Developments Sdn. Bhd.. That's the developer's target. The date that counts is the handover date in your sale agreement, which under Malaysian housing law is usually 36 months from signing.

How big are the homes at Bayan Suite?

+
Homes range from about 592 to 871 sq ft. There are 326 homes in total.

Who is the developer of Bayan Suite?

+
Bayan Suite is developed by Mutiara Biopolis Developments Sdn. Bhd.

Substitutes worth comparing

Open full comparison →

Same area family, same property type, similar price band — what most buyers actually cross-shop.

From

RM 512K

Bayan Suite

Chat with Zac now