Ideal Capital Venture Sdn. Bhd. (Ideal Property Group)
Ideal Venice Residency
Jalan Bukit Gambir / Jalan Lembah, Island Glades
From
RM 300K
RM 494–568 PSF · Completion 2026
Tenure
leasehold
Title
TBC
Total Units
1632
Completion
2026
- From
- RM 300K
- PSF
- RM 494–568
- Tenure
- leasehold
- Total units
- 1632
- Status
- under construction
- Completion
- 2026
Project Tracking
We're tracking Ideal Venice Residency — not yet personally reviewed by Zac
This project is in our database from public sources (4 sources) from Ideal Capital Venture Sdn. Bhd. (Ideal Property 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
Ideal Venice Residency unit types
| Type | Config | Size (sqft) | Units | Car parks |
|---|---|---|---|---|
| 3BR | 3BR | 850 | 1632 | — |
| Total | 1632 | |||
Building specifications
- Blocks
- 2
- Floors
- 46
- Total units
- 1,632
Facilities
What's nearby
🏥 Healthcare
- Penang General Hospital4.0km
🎓 Schools
- Universiti Sains Malaysia1.5km
🛍 Shopping
- Gurney Plaza4.0km
Monthly Instalment Calculator
Monthly Instalment
RM 1,212
Total Interest
RM 238,931
Total Outlay
RM 538,931
Island Glades — area snapshot
Price range
RM 300K – RM 300K
asking prices in area
Active projects
0
selling or under construction
Subsale condos
1
completed projects
Total tracked
2
properties in this area
Other projects in Island Glades
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 30,000 |
| SPA stamp duty | RM 5,000 |
| SPA legal fee | RM 3,750 |
| MOT stamp duty (at VP) Tiered 1–4% on transfer value. Paid at Vacant Possession stage. Buyer's cost — rarely absorbed by developer. | RM 5,000 |
| Loan stamp duty (0.5%) | RM 1,350 |
| Loan agreement legal fee | RM 1,350 |
| Valuation fee | RM 1,000 |
| Search, admin, misc | RM 1,000 |
| Gross upfront total | RM 48,450 |
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 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 Ideal Venice Residency?
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Is Ideal Venice Residency freehold or leasehold?
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When is the expected completion / VP?
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Who is the developer of Ideal Venice Residency?
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From
RM 300K
Ideal Venice Residency