New LaunchfreeholdEst. 2027

Major Development Sdn. Bhd. (VST Group)

Central Residence

Name: Central Residence
Brand: Major Development Sdn. Bhd. (VST Group)
Availability: InStock

Lorong Madrasah, Jelutong

From

RM 713K

RM 606– PSF · Completion 2027

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📲 Price list 📲 Floor plans 📅 Site visit

Tenure

freehold

Title

TBC

Total Units

298

Completion

2027

From: RM 713K
PSF: RM 606
Tenure: freehold
Total units: 298
Status: under construction
Completion: 2027

Project Tracking

We're tracking Central Residence — not yet personally reviewed by Zac

This project is in our database from public sources (4 sources) from Major Development Sdn. Bhd. (VST Group). Full pricing, floor plans, unit availability and Zac's honest take are available on direct request — most developers update pricing weekly and we share the current numbers immediately.

📋 Latest price list & available unit types
🏗️ Current construction stage and photos
💬 Zac's honest assessment for your situation
📞 Direct introduction to the developer if you want to view

📲 Get Central Residence details on WhatsApp

Central Residence unit types

Type	Config	Size (sqft)	Units	Car parks
3BR	3BR	1,177–1,421	298	—
Total			298

Building specifications

Blocks: 1
Floors: 35
Total units: 298

Facilities

Swimming PoolGymnasiumSaunaBBQ AreaMultipurpose HallPlayground

What's nearby

🏥 Healthcare

Hospital Lam Wah Ee2.0km
Penang General Hospital3.5km

🎓 Schools

SMK Jelutong1.0km

🛍 Shopping

Sunshine Jelutong500m
Gurney Plaza4.5km

Monthly Instalment Calculator

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

Monthly Instalment

RM 2,880

Total Interest

RM 567,860

Total Outlay

RM 1,280,860

📲 Discuss financing options with Zac

Jelutong — area snapshot

Full area guide →

Jelutong is a densely populated central-island area. New projects here target first-time buyers and investors rather than the luxury segment, with relatively accessible entry prices.

Price range

RM 100K – RM 969K

asking prices in area

Active projects

selling or under construction

Subsale condos

completed projects

Total tracked

properties in this area

Other projects in Jelutong

3 Residence · RM 550K Alton Skyvillas · RM 850K Artis 3 · RM 700K Grace Harmony · RM 100K Maritime Signature · RM 500K Setia Sky Ville · RM 750K Setia SV2 · RM 969K The Cube · RM 270K +2 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 71,300
SPA stamp duty	RM 15,390
SPA legal fee	RM 8,380
MOT stamp duty (at VP) Tiered 1–4% on transfer value. Paid at Vacant Possession stage. Buyer's cost — rarely absorbed by developer.	RM 15,390
Loan stamp duty (0.5%)	RM 3,209
Loan agreement legal fee	RM 3,209
Valuation fee	RM 2,000
Search, admin, misc	RM 1,000
Gross upfront total	RM 119,877

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 8,380

Loan stamp duty absorbed

0.5% on loan amount

− RM 3,209

Loan legal fee absorbed

Loan documentation fees

− RM 3,209

MOT stamp duty absorbed

Rare — confirm with developer

—

Cash rebate3% = RM 21,390

0%5%10%

Total developer savings− RM 36,187

Net upfront (after savings)

Based on typical 2026 new launch package

RM 83,690

Estimates based on 2026 Penang state rules. Actual costs vary by bank, lawyer, and case complexity. Confirm exact figures with Zac →

Frequently asked questions

How much is Central Residence?

Units at Central Residence start from RM 713K (around RM 606 psf). WhatsApp Zac for the current price list and any unit-specific promotions — pricing changes frequently as stock moves.

Is Central Residence freehold or leasehold?

Central Residence is freehold — you own the land in perpetuity, no expiry date, no renewal fees. Freehold residential title remains genuinely scarce in central Penang Island.

When is the expected completion / VP?

Expected Vacant Possession is 2027, subject to developer execution. Defects liability period typically runs 24 months from VP. New launch buyers should budget for transaction costs at SPA and again at VP (MOT stamp duty).

Who is the developer of Central Residence?

Central Residence is developed by Major Development Sdn. Bhd. (VST Group). For Zac's honest read on the developer's track record and what to expect on delivery quality, WhatsApp directly.

Substitutes worth comparing

Open full comparison →

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

jelutong

Alton Skyvillas

Dutamas Permai Sdn. Bhd. (Airmas Group)

From RM 850K

jelutong

Setia SV2

S P Setia (Kay Pride Sdn. Bhd.)

From RM 969K

georgetown

G'Vinton

Sunrich Capital Sdn Bhd (GSD Land)

From RM 627K

From

RM 713K

Central Residence

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