Ideal Property Group
Lucerne Residences
Ideal Vision Park, Jalan Tun Dr. Awang, Bayan Lepas
From
RM 664K
RM 603– PSF · Completion 2026
Tenure
freehold
Title
TBC
Total Units
480
Completion
2026
- From
- RM 664K
- PSF
- RM 603
- Tenure
- freehold
- Total units
- 480
- Status
- under construction
- Completion
- 2026
Zac’s Take
Zac Ong
Lucerne Residences is a 480-unit mixed development in Bayan Lepas from RM663,900. This is the premium end of the Bayan Lepas market — RM664K entry positions it well above the affordable segment and closer to mid-luxury territory for this corridor. Mixed development suggests retail/commercial podium with residential above. At this price point in Bayan Lepas, buyers are trading island convenience for quantum savings vs comparable product in Georgetown or Tanjung Tokong. Good for professionals working in the Bayan Lepas technology or aviation cluster who want a premium address without the northern island commute.
Lucerne Residences unit types
| Type | Config | Size (sqft) | Units | Car parks |
|---|---|---|---|---|
| 3BR (Type B) | 3BR (Type B) | 1,100 | — | — |
| 3BR Dual Key (Type A) | 3BR Dual Key (Type A) | 1,200 | — | — |
| Total | — | |||
Building specifications
- Blocks
- 2
- Floors
- 36
- Total units
- 480
Facilities
What's nearby
🏥 Healthcare
- Penang International Airport3.0km
🛍 Shopping
- Queensbay Mall3.0km
Monthly Instalment Calculator
Monthly Instalment
RM 2,682
Total Interest
RM 528,754
Total Outlay
RM 1,192,654
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 300K – RM 1.2M
asking prices in area
Active projects
6
selling or under construction
Subsale condos
10
completed projects
Total tracked
17
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 66,390 |
| SPA stamp duty | RM 13,917 |
| SPA legal fee | RM 7,889 |
| MOT stamp duty (at VP) Tiered 1–4% on transfer value. Paid at Vacant Possession stage. Buyer's cost — rarely absorbed by developer. | RM 13,917 |
| Loan stamp duty (0.5%) | RM 2,988 |
| Loan agreement legal fee | RM 2,988 |
| Valuation fee | RM 2,000 |
| Search, admin, misc | RM 1,000 |
| Gross upfront total | RM 111,088 |
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
What is the price for Lucerne Residences?
+
What does mixed development mean for Lucerne Residences?
+
Substitutes worth comparing
Open full comparison →Same area family, same property type, similar price band — what most buyers actually cross-shop.
From
RM 664K
Lucerne Residences