Is Lumina Residence freehold or leasehold?

Lumina Residence is freehold, on a residential title. Those are two separate facts and only the first usually appears in marketing.

Can a foreigner buy at Lumina Residence?

Yes. Penang Island sets a RM1,000,000 minimum for foreign buyers. Add a state levy, a flat 8% stamp duty, and 3–4 months for state consent.

When was Lumina Residence completed?

Lumina Residence is expected to complete in 2027, developed by VST Properties & BSG. 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 Lumina Residence?

Built-ups run 1,206 to 1,518 sq ft. There are 596 units in total.

Lumina Residence — Georgetown, Penang Island

Selling NowfreeholdresidentialEst. 2027 Q4

VST Properties & BSG

Lumina Residence

Name: Lumina Residence
Brand: VST Properties & BSG
Availability: InStock

Georgetown, Penang Island

From

RM 1.03M

RM 850–956 PSF · Completion 2027

Entry price confirmed at RM1,030,000 by the owner against the developer price list; a 2024 article quoting RM1,000,000 is superseded.

Get Brochure + Price List

📲 Price list 📲 Floor plans 📅 Site visit

Tenure

freehold

Title

residential

Total Units

596

Completion

2027

From: RM 1.0M
PSF: RM 850–956
Tenure: freehold
Total units: 596
Status: selling
Completion: 2027

Price at a glance

Prices as at September 2026 — Developer prices basis. Last checked 2026-07-29. The project has not completed — no resale market yet.

Unit type	Size (sqft)	Price from	PSF from
All units	1,206–1,518	RM1.03M	RM850

Zac’s Take

Zac Ong

Freehold residential title in Georgetown at this price point is genuinely rare. Pykett Avenue puts you 1km from Gleneagles and 3km from Gurney Plaza. Units start from 1,200sqft which is large for the area. Unlike serviced apartments, residential title means no commercial TNB rates and no HDA restrictions.

Unit Types

Type A

1195 sqft · 3 bed · 2 bath

RM 985K

📲 Register Interest

Type B

1432 sqft · 3 bed · 3 bath

RM 1.18M

📲 Register Interest

Type C

1765 sqft · 4 bed · 3 bath

RM 1.45M

📲 Register Interest

Lumina Residence photos

Lumina Residence price list 2026

0 of 6 unit types have a published price · completing 2027

Type	Size (sqft)	Price from	PSF (derived)	Units
A3+1 Bedrooms	1,518	On application	—	—
B3+1 Bedrooms	1,346	On application	—	—
B13+1 Bedrooms	1,432	On application	—	—
C3 Bedrooms	1,216	On application	—	—
D3 Bedrooms	1,206	On application	—	—
D13 Bedrooms	1,324	On 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 2026-07-29. Developers reprice between phases — confirm the current list before committing.

No published unit type clears the RM1M foreign-buyer minimum, but 6 types are priced on application — those may qualify. Ask before ruling the project out.

6 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

Lumina Residence floor plans & layouts

For reference only — actual dimensions per SPA.

Lumina Residence completion date

Lumina Residence is expected to complete in 2027.

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: 43
Total units: 596
Lifts per floor: 4
Ceiling height: 3.05m
Maint. fee: RM0.35/sqft
Security tiers: 4-tier

Facilities

Olympic-size swimming poolSky loungeCo-working loungeRooftop gardenGymnasiumSurauMulti-level car park

What's nearby

🏥 Healthcare

Gleneagles Hospital Penang1.0km
Island Hospital Penang1.5km
Loh Guan Lye Specialists Centre1.5km
Penang Adventist Hospital3.0km

🎓 Schools

Wesley Methodist School Penang4.0km
Stonyhurst International School6.5km
Pelita International School6.5km

🛍 Shopping

Penang Plaza500m
Gurney Plaza3.0km
Gurney Paragon Mall3.0km

🌳 Parks & leisure

Gurney Bay1.5km
Penang Botanical Garden5.0km

🏥 Healthcare

Penang General Hospital1.8km
Island Hospital Penang2.5km
Penang Adventist Hospital2.8km

🎓 Schools

Pykett Methodist Primary School650m
Tai Chiao High School Penang600m
Penang Free School1.5km
KDU University College Penang2.3km

🛍 Shopping

Penang Times Square800m
Gurney Plaza1.5km
Gurney Paragon Mall1.8km

End-financing panel banks

Banks pre-approved for Lumina Residence — approach any of these for a faster loan approval process.

MaybankCIMBPublic BankRHBAmBankAlliance BankHong Leong BankUOBStandard Chartered

Pre-approved banks as at launch. Confirm current status with your preferred bank directly.

🏗️ Construction Updates

2026-06
Piling works in progress. Estimated foundation completion Q4 2026.

Monthly Instalment Calculator

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

Monthly Instalment

RM 4,160

Total Interest

RM 820,330

Total Outlay

RM 1,850,330

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

Photo gallery

Other projects in georgetown

All 8 others we track here, cheapest first — 3 of them still selling.

Georgetown — area snapshot

Full area guide →

Georgetown is the UNESCO World Heritage City and Penang's urban core. Heritage shophouses and modern serviced suites coexist; buyer profiles range from heritage lovers to city professionals.

Price range

RM 436K – RM 2.8M

asking prices in area

Active projects

selling or under construction

Subsale condos

completed projects

Total tracked

properties in this area

Other projects in Georgetown

G'Vinton · RM 596K Beacon Executive Suites · RM 730K Ladison Residence · RM 500K Noordinz Suites · RM 683K Scott @ Logan · RM 436K Tropicana 218 Macalister · RM 580K Shorefront Residences · RM 2.8M 22 Macalisterz · RM 580K

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 103,000
SPA stamp duty (tiered 1–4%)	RM 25,200
SPA legal fee	RM 11,490
MOT stamp duty (at VP) Tiered 1–4% on transfer value. Paid at Vacant Possession stage. Buyer's cost — rarely absorbed by developer.	RM 25,200
Loan stamp duty (0.5%)	RM 4,635
Loan agreement legal fee	RM 4,635
Valuation fee	RM 2,000
Search, admin, misc	RM 1,000
Gross upfront total	RM 177,160

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 11,490

Loan stamp duty absorbed

0.5% on loan amount

− RM 4,635

Loan legal fee absorbed

Loan documentation fees

− RM 4,635

MOT stamp duty absorbed

Rare — confirm with developer

—

Cash rebate3% = RM 30,900

0%5%10%

Total developer savings− RM 51,660

Net upfront (after savings)

Based on typical 2026 new launch package

RM 125,500

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

Where exactly is Lumina Residence?

It sits in the Pykett/Westlands pocket of George Town, opposite MCKL Penang. Developed by VST Group with BSG, freehold with residential title.

When will Lumina Residence be completed?

Handover is targeted for Q4 2027.

What is the price range?

Pricing runs from about RM1.025M up to roughly RM2.1M, at around RM850–956 psf — one of the more accessible entry points among the island’s new launches. Ask Zac for the current price list.

How many units does Lumina Residence have?

There are 596 units across two 44-storey towers.

Can foreigners buy at Lumina Residence?

Yes. At these prices, units clear Penang Island's RM1,000,000 minimum for foreign buyers of strata property. State consent (typically 3–4 months) applies, and MM2H holders follow the same property rules. Zac can confirm eligibility for your situation.

Substitutes worth comparing

Open full comparison →

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

georgetown

Noordinz Suites

Exsim (Exsim Noordin Sdn Bhd)

From RM 683K

jelutong

Alton Skyvillas

Dutamas Permai Sdn. Bhd. (Airmas Group)

From RM 899K

georgetown

G'Vinton

Sunrich Capital Sdn Bhd (GSD Land)

From RM 596K

From

RM 1.0M

Lumina Residence

Chat with Zac now