Ideal Concept Intelligence Sdn. Bhd. (Ideal Property Group)
Lucerne Residences
Bayan Lepas, Penang Island
From
RM 599K
RM 553+ PSF · Completion 2028
Tenure
freehold
Title
TBC
Total Units
480
Completion
2028
- From
- RM 599K
- PSF
- RM 553
- Tenure
- freehold
- Total units
- 480
- Status
- under construction
- Completion
- 2028
Price at a glance
Prices as at November 2026 — Developer prices basis. Last checked 2026-10-04. The project has not completed — no resale market yet.
| Unit type | Size (sqft) | Price from | PSF from |
|---|---|---|---|
| 3BR (Type B) | 1,100 | RM663,900 | ~RM604 |
| 3BR Dual Key (Type A) | 1,200 | RM750,000 | ~RM625 |
Zac’s Take
Zac Ong
Lucerne Residences is Ideal Property Group's freehold condominium in the Ideal Vision Park township in Bayan Lepas: two 36-storey towers with 480 homes of about 1,100 to 1,200 sq ft, with a European-inspired design theme.
Prices run from roughly RM600,000 to about RM940,000, depending on the floor and layout.
It suits families and professionals who work in the Bayan Lepas industrial zone and want a new home within the township's shops and facilities. Sources give different completion dates, so confirm the current schedule with the developer before you buy. It's below Penang Island's RM1M foreign-buyer minimum.
Lucerne Residences price list 2026
2 of 2 unit types have a published price · entry from RM663,900 · completing 2028
| Type | Size (sqft) | Price from | PSF (derived) | Units |
|---|---|---|---|---|
| 3BR (Type B) | 1,100 | RM663,900 | ~604 | — |
| 3BR Dual Key (Type A) | 1,200 | RM750,000 | ~625 | — |
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 2026-10-04. 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.
Lucerne Residences completion date
Lucerne Residences 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.
Building specifications
- Blocks
- 2
- Floors
- 36
- Total units
- 480
Facilities
What's nearby
🛍 Shopping
- Queensbay Mall
Monthly Instalment Calculator
Monthly Instalment
RM 2,419
Total Interest
RM 477,066
Total Outlay
RM 1,076,066
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 ZacOther projects in bayan lepas
All 14 others we track here, cheapest first — 4 of them still selling.
- Tropicana Bay ResidencesRM315K
- Avion ResidenceRM342K
- One ForestaRM395K
- London PavilionRM418K
- Forest VilleRM420K
- Havana Beach ResidencesRM450K
- Maldives ResidencesRM498K
- Solaria ResidencesRM500K
- Tree SparinaRM540K
- SummerSkye ResidencesRM597K
- The AmareneRM620K
- Goodwood ResidenceRM678K
- SENZE @ PICCRM705K
- Tierra ResidencesRM930K
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.
| Downpayment | RM 59,900 |
| SPA stamp duty (tiered 1–4%) | RM 11,970 |
| SPA legal fee | RM 7,240 |
| MOT stamp duty (at VP) Tiered 1–4% on transfer value. Paid at Vacant Possession stage. Buyer's cost — rarely absorbed by developer. | RM 11,970 |
| Loan stamp duty (0.5%) | RM 2,696 |
| Loan agreement legal fee | RM 2,696 |
| Valuation fee | RM 2,000 |
| Search, admin, misc | RM 1,000 |
| Gross upfront total | RM 99,471 |
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 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 Lucerne Residences?
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Is Lucerne Residences freehold or leasehold?
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Can a foreigner buy at Lucerne Residences?
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When will Lucerne Residences be completed?
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How big are the homes at Lucerne Residences?
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Who is the developer of Lucerne Residences?
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Substitutes worth comparing
Open full comparison →Same area family, same property type, similar price band — what most buyers actually cross-shop.
From
RM 599K
Lucerne Residences