Selling NowfreeholdresidentialEst. 2027 Q4

VST Properties & BSG

Lumina Residence

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

Georgetown, Penang Island

From

RM 1.02M

RM 850–956 PSF · Completion 2027

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

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 unit types

Type	Config	Size (sqft)	Units	Car parks
A	3+1 Bedrooms	1,518	—	2-3
B	3+1 Bedrooms	1,346	—	2-3
B1	3+1 Bedrooms	1,432	—	2-3
C	3 Bedrooms	1,216	—	2-3
D	3 Bedrooms	1,206	—	2-3
D1	3 Bedrooms	1,324	—	2-3
Total			—

Layouts

For reference only — actual dimensions per SPA.

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 4,140

Total Interest

RM 816,348

Total Outlay

RM 1,841,348

📲 Discuss financing options with Zac

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 73K – RM 2.9M

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 627K Beacon Executive Suites · RM 728K Cecil Residensi · RM 73K Green City Residence · RM 500K Marina 129 · RM 1.2M Noordinz Suites · RM 683K Scott @ Logan · RM 436K Tropicana 218 Macalister · RM 755K +2 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 102,500
SPA stamp duty	RM 25,000
SPA legal fee	RM 11,450
MOT stamp duty (at VP) Tiered 1–4% on transfer value. Paid at Vacant Possession stage. Buyer's cost — rarely absorbed by developer.	RM 25,000
Loan stamp duty (0.5%)	RM 4,613
Loan agreement legal fee	RM 4,613
Valuation fee	RM 2,000
Search, admin, misc	RM 1,000
Gross upfront total	RM 176,175

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 11,450

Loan stamp duty absorbed

0.5% on loan amount

− RM 4,613

Loan legal fee absorbed

Loan documentation fees

− RM 4,613

MOT stamp duty absorbed

Rare — confirm with developer

—

Cash rebate3% = RM 30,750

0%5%10%

Total developer savings− RM 51,425

Net upfront (after savings)

Based on typical 2026 new launch package

RM 124,750

Estimates based on 2026 Penang state rules. 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 2–4 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

G'Vinton

Sunrich Capital Sdn Bhd (GSD Land)

From RM 627K

georgetown

Noordinz Suites

Exsim (Exsim Noordin Sdn Bhd)

From RM 683K

jelutong

Alton Skyvillas

Dutamas Permai Sdn. Bhd. (Airmas Group)

From RM 850K

From

RM 1.0M

Lumina Residence

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