Merione Grand — commercial, The Light Waterfront, Gelugor

Selling NowfreeholdcommercialEst. 2028

IJM Land

Merione Grand

Name: Merione Grand
Brand: IJM Land
Availability: InStock

The Light Waterfront, Gelugor

From

RM 693K

RM 1090+ PSF · Completion 2028

Get Brochure + Price List

Price list Floor plans Site visit

Tenure

freehold

Title

commercial

Total Units

197

Completion

2028

From: RM 693K
PSF: RM 1090
Tenure: freehold
Total units: 197
Status: selling
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
All units	635–1,916	RM692,765	RM1,090

Zac’s Take

Zac Ong

Merione Grand is the commercial base of IJM Land's Merione tower at The Light Waterfront in Gelugor: 32 retail units, 72 shop-offices of about 872–1,539 sq ft and 93 boutique offices of about 635–1,916 sq ft, with boutique offices priced from roughly RM693,000 (about RM1,090 per sq ft) and due in 2028.

IJM Land reported a 100% take-up of the commercial units in September 2026, so anything here now will be a resale.

If you're looking for a home rather than business space, the residential part of the same tower, [Merione Residences](/new-launches/merione-residences/), offers 145 three-bedrooms of about 1,055 to 1,206 sq ft, with just five per floor.

Merione Grand completion date

Merione Grand is expected to complete in 2028.

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.

Facilities

Infinity poolPet-friendly playgroundCo-working spacePickleball courtBBQ areaJacuzziCommunity hallGames roomGymnasium

What's nearby

🛍 Shopping

The Waterfront Shoppes (PWCC, covered link)
Queensbay Mall

Monthly Instalment Calculator

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

Monthly Instalment

RM 2,798

Total Interest

RM 551,744

Total Outlay

RM 1,244,509

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 gelugor

All 16 others we track here, cheapest first — 5 of them still selling.

Gelugor — area snapshot

Full area guide →

Gelugor is a central island location close to USM and the Light Waterfront. Infrastructure is established, and The Light Waterfront development has lifted profile significantly.

Price range

RM 565K – RM 2.0M

asking prices in area

Active projects

selling or under construction

Subsale condos

completed projects

Total tracked

properties in this area

Other projects in Gelugor

Keeperz Suites · RM 844K Lightwater Residences · RM 2.0M Merione Residences · RM 1.6M Mezzo @ The Light City · RM 1.0M Middleton @ Minden Heights · RM 1.1M Pearl Regency · RM 790K STARK Tower · RM 700K The Light Collection IV · RM 1.7M +8 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 69,277
SPA stamp duty (tiered 1–4%)	RM 14,783
SPA legal fee	RM 8,178
MOT stamp duty (at VP) Tiered 1–4% on transfer value. Paid at Vacant Possession stage. Buyer's cost — rarely absorbed by developer.	RM 14,783
Loan stamp duty (0.5%)	RM 3,117
Loan agreement legal fee	RM 3,117
Valuation fee	RM 2,000
Search, admin, misc	RM 1,000
Gross upfront total	RM 116,255

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 8,178

Loan stamp duty absorbed

0.5% on loan amount

− RM 3,117

Loan legal fee absorbed

Loan documentation fees

− RM 3,117

MOT stamp duty absorbed

Rare — confirm with developer

—

Cash rebate3% = RM 20,783

0%5%10%

Total developer savings− RM 35,195

Net upfront (after savings)

Based on typical 2026 new launch package

RM 81,059

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 Merione Grand?

Merione Grand runs RM692,765 and up. That is the developer's price. The project has not completed, so there is no resale market to compare against yet. That works out to about RM1,090 per square foot. Checked 2026-10-04.

Is Merione Grand freehold or leasehold?

Merione Grand is freehold, 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 Merione Grand?

Possibly, on the larger units. Penang Island sets a RM1,000,000 minimum for foreign buyers of strata property, and the entry price is below it; ask for the price of the specific unit before you plan around it. Add the state levy, a flat 8% stamp duty, and 3–4 months for state consent.

When will Merione Grand be completed?

Merione Grand is expected to be completed in 2028, by IJM Land. That's the developer's target. The date that counts is the handover date in your sale agreement, which under Malaysian housing law is usually 36 months from signing.

How big are the homes at Merione Grand?

Homes range from about 635 to 1,916 sq ft. There are 197 homes in total.

Substitutes worth comparing

Open full comparison →

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

gelugor

STARK Tower

Stark Development Sdn Bhd

From RM 700K

gelugor

Keeperz Suites

Exsim Waterfront Sdn. Bhd.

From RM 844K

gelugor

The Lighthauz

Exsim

From RM 890K

From

RM 693K

Merione Grand

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