penangproperty
CompletedfreeholdEst. 2025

Definite Harmony Development (WHH Land)

Goodwood Residence

Jalan Tun Dr. Awang, Bayan Lepas

From

RM 500K

RM 465580 PSF · Completion 2025

Tenure

freehold

Title

TBC

Total Units

260

Completion

2025

From
RM 500K
PSF
RM 465–580
Tenure
freehold
Total units
260
Status
completed
Completion
2025
Z

Zac’s Take

Zac Ong

Goodwood Residence is a 260-unit mixed development in Bayan Lepas from RM500,000. The Goodwood name suggests a premium positioning within the Bayan Lepas corridor — mid-to-premium product targeting professionals and owner-occupiers rather than yield-hunters. 260 units is a manageable size. At RM500K in Bayan Lepas this is above the typical FTZ worker buy, so buyer profile here is professionals in MNCs, airport, or medical (Gleneagles Penang is in the corridor). Mixed development means ground-floor commercial/retail.

Goodwood Residence unit types

TypeConfigSize (sqft)UnitsCar parks
3+1BR3+1BR1,250
4BR4BR1,450
Total

Building specifications

Blocks
1
Floors
35
Total units
260

What's nearby

🏥 Healthcare

  • Gleneagles Hospital Penang5.0km

🎓 Schools

  • SMK Bayan Lepas2.0km

🛍 Shopping

  • Queensbay Mall3.0km

Monthly Instalment Calculator

Monthly Instalment

RM 2,020

Total Interest

RM 398,218

Total Outlay

RM 898,218

📲 Discuss financing options with Zac

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 300KRM 1.2M

asking prices in area

Active projects

7

selling or under construction

Subsale condos

9

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.

DownpaymentRM 50,000
SPA stamp dutyRM 9,000
SPA legal feeRM 6,250
MOT stamp duty (at VP)

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

RM 9,000
Loan stamp duty (0.5%)RM 2,250
Loan agreement legal feeRM 2,250
Valuation feeRM 2,000
Search, admin, miscRM 1,000
Gross upfront totalRM 81,750

New launch — typical developer savings

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

Cash rebate3% = RM 15,000
0%5%10%
Total developer savingsRM 25,750

Net upfront (after savings)

Based on typical 2026 new launch package

RM 56,000

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

Frequently asked questions

What is Goodwood Residence?

+
A 260-unit mixed development in Bayan Lepas from RM500,000. Mid-to-premium segment for the southern Penang Island corridor.

Who is the target buyer for Goodwood Residence?

+
Professionals working in Bayan Lepas MNCs, airport management, or Gleneagles Penang — rather than the mass FTZ worker segment.

Substitutes worth comparing

Open full comparison →

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

From

RM 500K

Goodwood Residence

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