penangproperty
CompletedfreeholdcommercialEst. 2024

Iconic Development Sdn. Bhd.

Iconic Regency

Sungai Nibong

From

RM 400K

RM 700 PSF · Completion 2024

Tenure

freehold

Title

commercial

Total Units

268

Completion

2024

From
RM 400K
PSF
RM 700
Tenure
freehold
Total units
268
Status
completed
Completion
2024

Project Tracking

We're tracking Iconic Regency — not yet personally reviewed by Zac

This project is in our database from public sources (2 sources) from Iconic Development Sdn. Bhd.. 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 Iconic Regency details on WhatsApp

Facilities

Swimming PoolGymnasiumTennis CourtBBQ AreaPlaygroundFunction Hall24-Hour SecurityCCTVCovered ParkingLandscape Garden

What's nearby

🏥 Healthcare

  • Hospital Lam Wah Ee4.0km
  • Penang Adventist Hospital Bayan Baru3.5km
  • Gleneagles Hospital Penang7.0km

🎓 Schools

  • SK Sungai Nibong1.0km
  • SMK Sungai Nibong1.2km
  • Penang Chinese Girls' High School4.0km

🛍 Shopping

  • Queensbay Mall2.0km
  • Sunshine Square Bayan Baru2.5km
  • Tesco Extra Bayan Baru2.5km

Monthly Instalment Calculator

Monthly Instalment

RM 1,616

Total Interest

RM 318,575

Total Outlay

RM 718,575

📲 Discuss financing options with Zac

Sungai Nibong — area snapshot

Full area guide →

Price range

RM 300KRM 744K

asking prices in area

Active projects

0

selling or under construction

Subsale condos

4

completed projects

Total tracked

5

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 40,000
SPA stamp dutyRM 7,000
SPA legal feeRM 5,000
MOT stamp duty (at VP)

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

RM 7,000
Loan stamp duty (0.5%)RM 1,800
Loan agreement legal feeRM 1,800
Valuation feeRM 1,000
Search, admin, miscRM 1,000
Gross upfront totalRM 64,600

New launch — typical developer savings

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

Cash rebate3% = RM 12,000
0%5%10%
Total developer savingsRM 20,600

Net upfront (after savings)

Based on typical 2026 new launch package

RM 44,000

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

Frequently asked questions

How much is Iconic Regency?

+
Units at Iconic Regency start from RM 400K (around RM 700 psf). WhatsApp Zac for the current price list and any unit-specific promotions — pricing changes frequently as stock moves.

Is Iconic Regency freehold or leasehold?

+
Iconic Regency 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 2024, 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 Iconic Regency?

+
Iconic Regency is developed by Iconic Development Sdn. Bhd.. 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.

From

RM 400K

Iconic Regency

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