IJM Land
Merione Residences
The Light City, Gelugor
From
RM 1.42M
RM 1350+ PSF · Completion 2029
Tenure
freehold
Title
TBC
Total Units
145
Completion
2029
- From
- RM 1.4M
- PSF
- RM 1350
- Tenure
- freehold
- Total units
- 145
- Status
- selling
- Completion
- 2029
Price at a glance
Prices as at September 2026 — Developer prices basis. Last checked 2026-07-31. The project has not completed — no resale market yet.
| Unit type | Size (sqft) | Price from | PSF from |
|---|---|---|---|
| All units | 1,055–1,206 | RM1.424M | RM1,350 |
Zac’s Take
Zac Ong
Merione Residences is IJM Land's newer tower at The Light Waterfront in Gelugor — a single 39-storey block of 145 semi-furnished units (residences from levels 11–39 above a retail/commercial podium), freehold, launched at the end of 2025.
Asking is around RM1,350 psf, with indicative pricing from about RM1.3M — a more accessible entry into The Light precinct than the larger Lightwater units, on layouts around 1,055–1,206 sqft. Note the smallest published layouts at RM1,350 psf work out slightly above RM1.3M, so confirm exactly which unit the entry price refers to.
My honest take: Merione is the way into The Light Waterfront at a lower absolute ticket than Lightwater — good for a buyer who wants the branded address and rental profile without a RM2M-plus outlay. The mixed retail/residential structure means title class matters here; get me to confirm it. Ask for the current price list and which stack suits your budget.
Merione Residences price list 2026
0 of 3 unit types have a published price · completing 2029
| Type | Size (sqft) | Price from | PSF (derived) | Units |
|---|---|---|---|---|
| A3 Bedrooms | 1,195 | On application | — | — |
| B3 Bedrooms | 1,055 | On application | — | — |
| C3 Bedrooms | 1,206 | 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 2026-07-31. Developers reprice between phases — confirm the current list before committing.
No published unit type clears the RM1M foreign-buyer minimum, but 3 types are priced on application — those may qualify. Ask before ruling the project out.
3 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 listMerione Residences completion date
Merione Residences is expected to complete in 2029.
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
- 39
- Total units
- 145
Facilities
What's nearby
🛍 Shopping
- Queensbay Mall3.0km
- The Light Shopping Mall500m
Monthly Instalment Calculator
Monthly Instalment
RM 5,752
Total Interest
RM 1,134,126
Total Outlay
RM 2,558,126
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 ZacOther projects in gelugor
All 11 others we track here, cheapest first — 5 of them still selling.
- Zen6RM550K
- Merione GrandRM693K
- STARK TowerRM700K
- Pearl RegencyRM723K
- Keeperz SuitesRM844K
- Middleton @ Minden HeightsRM861K
- The LighthauzRM890K
- Mezzo @ The Light CityRM900K
- The Light Collection IVRM1.73M
- Vilaris Courtyard HomesRM1.99M
- Lightwater ResidencesRM2.05M
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
5
selling or under construction
Subsale condos
6
completed projects
Total tracked
12
properties in this area
Total Cost Breakdown
Every cost you'll pay — stamp duty, legal fees, loan documentation, foreign levy. Real Penang numbers, not generic Malaysia estimates.
| Downpayment | RM 142,400 |
| SPA stamp duty (tiered 1–4%) | RM 40,960 |
| SPA legal fee | RM 14,642 |
| MOT stamp duty (at VP) Tiered 1–4% on transfer value. Paid at Vacant Possession stage. Buyer's cost — rarely absorbed by developer. | RM 40,960 |
| Loan stamp duty (0.5%) | RM 6,408 |
| Loan agreement legal fee | RM 6,408 |
| Valuation fee | RM 2,000 |
| Search, admin, misc | RM 1,000 |
| Gross upfront total | RM 254,778 |
New launch — typical developer savings
Toggle what the developer is absorbing. Confirm the actual package before signing.
Net upfront (after savings)
Based on typical 2026 new launch package
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 part of The Light Waterfront?
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What is the price at Merione Residences?
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How is Merione different from Lightwater?
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How many units does Merione have?
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Can foreigners buy at Merione Residences?
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Substitutes worth comparing
Open full comparison →Same area family, same property type, similar price band — what most buyers actually cross-shop.
From
RM 1.4M
Merione Residences