Is Maritime Signature freehold or leasehold?

Maritime Signature is leasehold, on a commercial title. Those are two separate facts and only the first usually appears in marketing. A commercial title means commercial utility and assessment tariffs, and a tighter loan margin at most banks.

Can a foreigner buy at Maritime Signature?

Not at current prices. Penang Island sets a RM1,000,000 minimum for foreign buyers and no unit here clears it, so Maritime Signature is open to Malaysian and PR buyers only.

When was Maritime Signature completed?

Maritime Signature is expected to complete in 2026, developed by Bionic Land. 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 Maritime Signature?

Built-ups run 625 to 960 sq ft. There are 232 units in total.

Maritime Signature — soho, Karpal Singh Drive, Jelutong

New LaunchleaseholdcommercialEst. 2026

Bionic Land

Maritime Signature

Name: Maritime Signature
Brand: Bionic Land
Availability: InStock

Karpal Singh Drive, Jelutong

From

RM 500K

RM 880+ PSF · Completion 2026

Get Brochure + Price List

📲 Price list 📲 Floor plans 📅 Site visit

Tenure

leasehold

Title

commercial

Total Units

232

Completion

2026

From: RM 500K
PSF: RM 880
Tenure: leasehold
Total units: 232
Status: under construction
Completion: 2026

Price at a glance

Prices as at September 2026 — Developer prices basis. Last checked 2026-08-12. The project has not completed — no resale market yet.

Unit type	Size (sqft)	Price from	PSF from
Studio / 1BR	625–960	RM450,000	~RM469

Zac’s Take

Zac Ong

Maritime Signature is a 235-unit SOHO development in Jelutong from RM500,000. The maritime name reflects Jelutong's port and waterfront heritage. SOHO at RM500K in Jelutong is mid-market for a Penang Island new launch. The live-work format suits self-employed professionals or small businesses looking for an island address without the premium Georgetown commercial pricing. Jelutong's location between Georgetown and Bayan Lepas makes it accessible to both city and airport.

Maritime Signature price list 2026

1 of 1 unit types have a published price · entry from RM450,000 · 232 units total · completing 2026

Type	Size (sqft)	Price from	PSF (derived)	Units
Studio / 1BR	625–960	RM450,000	~469	232

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 2026-08-12. 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.

Maritime Signature completion date

Maritime Signature is expected to complete in 2026. 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: 1
Floors: 47
Total units: 232

Facilities

Sky Infinity PoolSky GymnasiumSky BarRestaurantEV ChargingCar Wash

What's nearby

🏥 Healthcare

Hospital Lam Wah Ee2.0km
Penang General Hospital4.0km

🎓 Schools

SMK Jelutong1.5km

🛍 Shopping

Queensbay Mall5.0km
Gurney Plaza5.0km

Monthly Instalment Calculator

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

Monthly Instalment

RM 2,020

Total Interest

RM 398,218

Total Outlay

RM 898,218

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 jelutong

All 9 others we track here, cheapest first — 4 of them still selling.

Jelutong — area snapshot

Full area guide →

Jelutong is a densely populated central-island area. New projects here target first-time buyers and investors rather than the luxury segment, with relatively accessible entry prices.

Price range

RM 475K – RM 969K

asking prices in area

Active projects

selling or under construction

Subsale condos

completed projects

Total tracked

properties in this area

Other projects in Jelutong

3 Residence · RM 698K Alton Skyvillas · RM 899K Artis 3 · RM 475K Central Residence · RM 650K Grace Harmony · RM 480K Setia Sky Ville · RM 730K Setia SV2 · RM 969K Twin Star · RM 550K +1 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 50,000
SPA stamp duty (tiered 1–4%)	RM 9,000
SPA legal fee	RM 6,250
MOT stamp duty (at VP) Tiered 1–4% on transfer value. Paid at Vacant Possession stage. Buyer's cost — rarely absorbed by developer.	RM 9,000
Loan stamp duty (0.5%)	RM 2,250
Loan agreement legal fee	RM 2,250
Valuation fee	RM 2,000
Search, admin, misc	RM 1,000
Gross upfront total	RM 81,750

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 6,250

Loan stamp duty absorbed

0.5% on loan amount

− RM 2,250

Loan legal fee absorbed

Loan documentation fees

− RM 2,250

MOT stamp duty absorbed

Rare — confirm with developer

—

Cash rebate3% = RM 15,000

0%5%10%

Total developer savings− RM 25,750

Net upfront (after savings)

Based on typical 2026 new launch package

RM 56,000

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 type is Maritime Signature?

SOHO (Small Office Home Office) — 235 units from RM500,000 in Jelutong.

Is RM500K reasonable for a Penang Island SOHO?

Yes — it's mid-market for the island. Georgetown SOHOs and heritage shophouses cost significantly more. Jelutong offers a practical mid-point location.

Substitutes worth comparing

Open full comparison →

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

jelutong

Twin Star

Acara Prestasi Sdn. Bhd.

From RM 550K

From

RM 500K

Maritime Signature

Chat with Zac now