Is Keeperz Suites freehold or leasehold?

Keeperz Suites is freehold, on a commercial title. Those are two separate facts and only the first usually appears in marketing. A commercial title means commercial utility and assessment tariffs, and a tighter loan margin at most banks.

Can a foreigner buy at Keeperz Suites?

Not at current prices. Penang Island sets a RM1,000,000 minimum for foreign buyers and no unit here clears it, so Keeperz Suites is open to Malaysian and PR buyers only.

When was Keeperz Suites completed?

Keeperz Suites is expected to complete in 2030, developed by Exsim Waterfront Sdn. Bhd.. Read that as the developer's target — what binds is the vacant possession date in your SPA, 36 months from signing for a strata title under the Housing Development Act.

How big are the units at Keeperz Suites?

Built-ups run 484 to 581 sq ft. There are 493 units in total.

Keeperz Suites — serviced apartment, The Light Waterfront, Gelugor

Selling NowfreeholdcommercialEst. 2030

Exsim Waterfront Sdn. Bhd.

Keeperz Suites

Name: Keeperz Suites
Brand: Exsim Waterfront Sdn. Bhd.
Availability: InStock

The Light Waterfront, Gelugor

From

RM 844K

RM 1744+ PSF · Completion 2030

Get Brochure + Price List

📲 Price list 📲 Floor plans 📅 Site visit

Tenure

freehold

Title

commercial

Total Units

493

Completion

2030

From: RM 844K
PSF: RM 1744
Tenure: freehold
Total units: 493
Status: selling
Completion: 2030

Price at a glance

Prices as at September 2026 — Developer prices basis. Last checked 2026-07-31. The project has not completed — no resale market yet.

Unit type	Size (sqft)	Price from	PSF from
Studio/1BR	484	RM844,000	~RM1,744
Dual-Key	581	RM900,000	~RM1,549

Zac’s Take

Zac Ong

Keeperz Suites is a 493-unit serviced apartment in Gelugor from RM844,000. Gelugor is a mid-island industrial and mixed-use area that also has a residential corridor — home to USM (Universiti Sains Malaysia) campus, which drives consistent rental demand. At RM844K, Keeperz is the premium end of the Gelugor/island market. Serviced apartment at this price point targets professional owner-occupiers or investors who want proximity to USM, Penang Bridge interchange, and the mid-island commercial strip. The name is unusual — suggests a hotel-operated or managed component.

Keeperz Suites price list 2026

2 of 2 unit types have a published price · entry from RM844,000 · completing 2030

Type	Size (sqft)	Price from	PSF (derived)	Units
Studio/1BR	484	RM844,000	~1,744	—
Dual-Key	581	RM900,000	~1,549	—

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 2026-07-31. 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.

Keeperz Suites completion date

Keeperz Suites is expected to complete in 2030.

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: 2
Floors: 21
Total units: 493
Maint. fee: RM0.48/sqft

Facilities

Swimming PoolGymnasiumCo-working SpaceLandscaped Garden TerraceBBQ AreaSky Lounge

What's nearby

🎓 Schools

SJKC Phei Shin7.1km
Wesley Methodist School Penang International8.8km

🛍 Shopping

Queensbay Mall3.0km

Monthly Instalment Calculator

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

Monthly Instalment

RM 3,409

Total Interest

RM 672,193

Total Outlay

RM 1,516,193

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 Zac

Other projects in gelugor

All 11 others we track here, cheapest first — 5 of them still selling.

Gelugor — area snapshot

Full area guide →

Gelugor is a central island location close to USM and the Light Waterfront. Infrastructure is established, and The Light Waterfront development has lifted profile significantly.

Price range

RM 550K – RM 2.0M

asking prices in area

Active projects

selling or under construction

Subsale condos

completed projects

Total tracked

properties in this area

Other projects in Gelugor

Lightwater Residences · RM 2.0M Merione Grand · RM 693K Merione Residences · RM 1.4M Mezzo @ The Light City · RM 900K Middleton @ Minden Heights · RM 861K Pearl Regency · RM 723K STARK Tower · RM 700K The Light Collection IV · RM 1.7M +3 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 84,400
SPA stamp duty (tiered 1–4%)	RM 19,320
SPA legal fee	RM 9,690
MOT stamp duty (at VP) Tiered 1–4% on transfer value. Paid at Vacant Possession stage. Buyer's cost — rarely absorbed by developer.	RM 19,320
Loan stamp duty (0.5%)	RM 3,798
Loan agreement legal fee	RM 3,798
Valuation fee	RM 2,000
Search, admin, misc	RM 1,000
Gross upfront total	RM 143,326

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 9,690

Loan stamp duty absorbed

0.5% on loan amount

− RM 3,798

Loan legal fee absorbed

Loan documentation fees

− RM 3,798

MOT stamp duty absorbed

Rare — confirm with developer

—

Cash rebate3% = RM 25,320

0%5%10%

Total developer savings− RM 42,606

Net upfront (after savings)

Based on typical 2026 new launch package

RM 100,720

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 Keeperz Suites?

Starting from RM844,000 for 493 serviced apartment units.

Why buy near USM Gelugor?

USM campus drives strong consistent rental demand from lecturers, postgrads, and university-adjacent professionals. Combined with proximity to the bridge, Gelugor has solid rental fundamentals.

Substitutes worth comparing

Open full comparison →

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

gelugor

STARK Tower

Stark Development Sdn Bhd

From RM 700K

gelugor

Merione Grand

IJM Land

From RM 693K

gelugor

The Lighthauz

Exsim

From RM 890K

From

RM 844K

Keeperz Suites

Chat with Zac now