penangproperty
London Pavilion — condominium, Jalan Permatang Damar Laut, Bayan Lepas
New LaunchfreeholdEst. 2028 Q4

M Summit Premium Sdn. Bhd.

London Pavilion

Jalan Permatang Damar Laut, Bayan Lepas

From

RM 418K

RM 426+ PSF · Completion 2028

Listed on the Penang state housing board (LPNPP) register as "Pavilion @ Damar" under Rumah MutiaraKu C3 (RM300,000 ceiling). The register does not state how many of the 527 units fall in that tier, so confirm which tier a specific unit sits in — eligibility, income ceilings and resale restrictions apply to the affordable allocation, and foreign buyers are not eligible for it.

Tenure

freehold

Title

TBC

Total Units

527

Completion

2028

From
RM 418K
PSF
RM 426
Tenure
freehold
Total units
527
Status
under construction
Completion
2028

Price at a glance

Prices as at November 2026 — Developer prices basis. Last checked 2026-10-12. The project has not completed — no resale market yet.

Unit typeSize (sqft)Price fromPSF from
A982RM418,000~RM426
Z

Zac’s Take

Zac Ong

London Pavilion is M Summit Group's freehold condominium on Jalan Permatang Damar Laut in Bayan Lepas: a single 45-storey tower of 527 homes, three and four bedrooms of about 982 to 1,510 sq ft, expected around 2027 to 2028.

Prices start from about RM418,000, aimed at people working in the Free Industrial Zone and around the airport.

It competes with many other Bayan Lepas launches at similar prices, so compare layouts, facilities and maintenance fees before you choose. It's below the island's RM1M foreign-buyer minimum.

London Pavilion price list 2026

1 of 4 unit types have a published price · entry from RM418,000 · completing 2028

TypeSize (sqft)Price fromPSF (derived)Units
A982RM418,000~426—
B1,190On application——
C1,222On application——
D1,342On application——

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 2026-10-12. Developers reprice between phases — confirm the current list before committing.

No published unit type clears the RM1M foreign-buyer minimum, but 3 types are priced on application — those may qualify. Ask before ruling the project out.

3 unit types are priced on application

Usually the penthouses and duplexes — developers hold those back rather than publish them. I can get you the current figure and the floor plan directly.

📲 Ask for the current price list

London Pavilion completion date

London Pavilion is expected to complete in 2028. 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.

Facilities

Infinity PoolGymnasiumSquash CourtBadminton CourtsBodyweight Workout AreaKids Bicycle TrackCommunity HallMultipurpose HallsGames AreaRooftop BBQ Pavilion24-Hour SecurityMulti-storey Car Park

What's nearby

🏥 Healthcare

  • Pantai Hospital Penang

🎓 Schools

  • Straits International School Penang
  • Fairview International School Penang

🛍 Shopping

  • Queensbay Mall
  • Bukit Jambul Complex

Monthly Instalment Calculator

Monthly Instalment

RM 1,688

Total Interest

RM 332,911

Total Outlay

RM 750,911

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 bayan lepas

All 14 others we track here, cheapest first — 4 of them still selling.

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 315K – RM 930K

asking prices in area

Active projects

4

selling or under construction

Subsale condos

10

completed projects

Total tracked

15

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 41,800
SPA stamp duty (tiered 1–4%)RM 7,360
SPA legal feeRM 5,225
MOT stamp duty (at VP)

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

RM 7,360
Loan stamp duty (0.5%)RM 1,881
Loan agreement legal feeRM 1,881
Valuation feeRM 1,000
Search, admin, miscRM 1,000
Gross upfront totalRM 67,507

New launch — typical developer savings

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

Cash rebate3% = RM 12,540
0%5%10%
Total developer savings− RM 21,527

Net upfront (after savings)

Based on typical 2026 new launch package

RM 45,980

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 London Pavilion?

+
Listed on the Penang state housing board (LPNPP) register as "Pavilion @ Damar" under Rumah MutiaraKu C3 (RM300,000 ceiling). The register does not state how many of the 527 units fall in that tier, so confirm which tier a specific unit sits in — eligibility, income ceilings and resale restrictions apply to the affordable allocation, and foreign buyers are not eligible for it.

Is London Pavilion freehold or leasehold?

+
London Pavilion is freehold. I have not been able to confirm the land title class — check it with the developer, because a commercial title changes your utility tariffs and loan margin.

Can a foreigner buy at London Pavilion?

+
No. London Pavilion is affordable-housing stock under the Penang state programme — eligibility conditions and income ceilings apply, a resale moratorium is likely, and it is not available to foreign buyers. The advertised tier price is not an open-market price.

When will London Pavilion be completed?

+
London Pavilion is expected to be completed in 2028, by M Summit Premium Sdn. Bhd.. That's the developer's target. The date that counts is the handover date in your sale agreement, which under Malaysian housing law is usually 36 months from signing.

How big are the homes at London Pavilion?

+
Homes range from about 982 to 1,510 sq ft. There are 527 homes in total.

Who is London Pavilion best for?

+
Owner-occupiers working in Bayan Lepas FTZ or near the airport, and investors targeting the stable FTZ worker rental market.

Substitutes worth comparing

Open full comparison →

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

From

RM 418K

London Pavilion

Chat with Zac now