Can a foreigner buy at Merione Grand?

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

When was Merione Grand completed?

Merione Grand is expected to complete in 2028, developed by IJM 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 Merione Grand?

Built-ups run 635 to 1,916 sq ft. There are 93 units in total.

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

Completion

2028

From: RM 693K
PSF: RM 1090
Tenure: freehold
Total units: 93
Status: selling
Completion: 2028

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	635–1,916	RM692,765	RM1,090

Project Tracking

We're tracking Merione Grand — not yet personally reviewed by Zac

This project is in our database from public sources (4 sources) from IJM Land. Full pricing, floor plans, unit availability and Zac's honest take are available on direct request — most developers update pricing weekly and we share the current numbers immediately.

📋 Latest price list & available unit types
🏗️ Current construction stage and photos
💬 Zac's honest assessment for your situation
📞 Direct introduction to the developer if you want to view

📲 Get Merione Grand details on WhatsApp

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)0m
Queensbay Mall2.0km

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 11 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 550K – 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 1.4M Mezzo @ The Light City · RM 900K Middleton @ Minden Heights · RM 861K Pearl Regency · RM 723K STARK Tower · RM 700K The Light Collection IV · RM 1.7M +3 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

Is Merione Grand freehold or leasehold?

Merione Grand is held under freehold title.

What is the price of Merione Grand?

Asking prices have moved since launch/completion — from around RM693K historically. WhatsApp Zac for current listings and asking prices.

How many units does Merione Grand have and when will it be completed?

Merione Grand has 93 units and is targeted for completion in 2028.

Can foreigners buy at Merione Grand?

Yes, subject to Malaysia's foreign investment committee (FIC) rules for commercial property, which differ from the residential RM1,000,000 threshold — Merione Grand is a commercial office/retail development, not residential. WhatsApp Zac to confirm current eligibility for a specific unit.

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

Chat with Zac now