VST Group
Central Residence
Lorong Madrasah, Jelutong
From
RM 650K
RM 542–620 PSF · Completion 2027
Tenure
freehold
Title
TBC
Total Units
298
Completion
2027
- From
- RM 650K
- PSF
- RM 542–620
- Tenure
- freehold
- Total units
- 298
- 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 type | Size (sqft) | Price from | PSF from |
|---|---|---|---|
| 3BR | 1,177–1,421 | RM713,000 | ~RM606 |
Zac’s Take
Zac Ong
Central Residence is a freehold condominium in Jelutong by VST Group: one 33-storey tower of 298 homes, 14 per floor, scheduled for completion in September 2027.
Homes of about 1,177 to 1,421 sq ft are priced from roughly RM650,000 to just under RM1M, which is good value for a new building this close to George Town.
It suits Malaysian families and first-time upgraders who want a central address at a sensible price. Fourteen homes per floor means busier lifts and corridors than boutique buildings. Prices are below Penang Island's RM1M foreign-buyer minimum, so it's a building for Malaysian buyers.
Central Residence price list 2026
1 of 1 unit types have a published price · entry from RM713,000 · 298 units total · completing 2027
| Type | Size (sqft) | Price from | PSF (derived) | Units |
|---|---|---|---|---|
| 3BR | 1,177–1,421 | RM713,000 | ~502 | 298 |
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.
Every unit type here sits below the RM1M foreign-buyer minimum, so this project is open to Malaysian and PR buyers only.
Central Residence completion date
Central Residence 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
- 35
- Total units
- 298
Facilities
What's nearby
🏥 Healthcare
- Hospital Lam Wah Ee
- Penang General Hospital
🎓 Schools
- SMK Jelutong
🛍 Shopping
- Sunshine Jelutong
- Gurney Plaza
Monthly Instalment Calculator
Monthly Instalment
RM 2,625
Total Interest
RM 517,684
Total Outlay
RM 1,167,684
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 ZacOther projects in jelutong
All 9 others we track here, cheapest first — 5 of them still selling.
- Artis 3RM400K
- Twin StarRM438K
- Grace HarmonyRM480K
- Urban SuitesRM498K
- Maritime SignatureRM500K
- 3 ResidenceRM650K
- Setia Sky VilleRM710K
- Alton SkyvillasRM899K
- Setia SV2RM969K
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 400K – RM 969K
asking prices in area
Active projects
5
selling or under construction
Subsale condos
4
completed projects
Total tracked
10
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 65,000 |
| SPA stamp duty (tiered 1–4%) | RM 13,500 |
| SPA legal fee | RM 7,750 |
| MOT stamp duty (at VP) Tiered 1–4% on transfer value. Paid at Vacant Possession stage. Buyer's cost — rarely absorbed by developer. | RM 13,500 |
| Loan stamp duty (0.5%) | RM 2,925 |
| Loan agreement legal fee | RM 2,925 |
| Valuation fee | RM 2,000 |
| Search, admin, misc | RM 1,000 |
| Gross upfront total | RM 108,600 |
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 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 Central Residence?
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Is Central Residence freehold or leasehold?
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Can a foreigner buy at Central Residence?
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When will Central Residence be completed?
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How big are the homes at Central Residence?
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Substitutes worth comparing
Open full comparison →Same area family, same property type, similar price band — what most buyers actually cross-shop.
From
RM 650K
Central Residence