IJM Land
Merione Residences
The Light City, Gelugor
From
RM 1.58M
Completion 2029
IJM Land's advertised range is RM1,578,000 to RM1,943,000 for 145 three-bedroom homes of about 1,055–1,206 sq ft; completion December 2029. Earlier portal figures of about RM1.3M–1.42M were agents' estimates before the price list was published.
Tenure
freehold
Title
TBC
Total Units
145
Completion
2029
- From
- RM 1.6M
- PSF
- —
- Tenure
- freehold
- Total units
- 145
- Status
- selling
- Completion
- 2029
Price at a glance
Prices as at November 2026 — Developer prices basis. Last checked 2026-10-10. The project has not completed — no resale market yet.
| Unit type | Size (sqft) | Price from | PSF from |
|---|---|---|---|
| All units | 1,055–1,206 | RM1.578M | ~RM1,496 |
Zac’s Take
Zac Ong
Merione Residences is IJM Land's newest tower at The Light Waterfront in Gelugor: 145 semi-furnished three-bedroom homes on levels 11 to 39 of a 39-storey block, above the Merione Grand commercial floors, with just five homes per floor. It launched on 13 September 2026 and is due in December 2029. It's freehold.
There are three layouts of about 1,055, 1,195 and 1,206 sq ft, each with two or three parking bays. IJM advertises them from about RM1.58M to RM1.94M.
It's the lower-ticket way into The Light Waterfront next to Lightwater Residences, and the five-per-floor layout keeps it quiet. Every unit clears Penang Island's RM1M foreign-buyer minimum. The trade-off is a three-year wait for completion.
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 2026-10-10. 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 Mall
- The Light Shopping Mall
Monthly Instalment Calculator
Monthly Instalment
RM 6,374
Total Interest
RM 1,256,777
Total Outlay
RM 2,834,777
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 16 others we track here, cheapest first — 5 of them still selling.
- Zen6RM565K
- Merione GrandRM693K
- STARK TowerRM700K
- Pearl RegencyRM790K
- Keeperz SuitesRM844K
- The Light LinearRM850K
- The LighthauzRM890K
- Mezzo @ The Light CityRM1M
- Middleton @ Minden HeightsRM1.08M
- The Light Collection IRM1.3M
- The Light Collection IIRM1.45M
- The Light Collection IVRM1.73M
- The Light PointRM1.8M
- Vilaris Courtyard HomesRM1.86M
- The Light Collection IIIRM1.9M
- 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 565K – RM 2.0M
asking prices in area
Active projects
5
selling or under construction
Subsale condos
11
completed projects
Total tracked
17
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 157,800 |
| SPA stamp duty (tiered 1–4%) | RM 47,120 |
| SPA legal fee | RM 15,874 |
| MOT stamp duty (at VP) Tiered 1–4% on transfer value. Paid at Vacant Possession stage. Buyer's cost — rarely absorbed by developer. | RM 47,120 |
| Loan stamp duty (0.5%) | RM 7,101 |
| Loan agreement legal fee | RM 7,101 |
| Valuation fee | RM 3,500 |
| Search, admin, misc | RM 1,000 |
| Gross upfront total | RM 286,616 |
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
What is the price of Merione Residences?
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Is Merione Residences freehold or leasehold?
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Can a foreigner buy at Merione Residences?
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When will Merione Residences be completed?
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How big are the homes at Merione Residences?
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Is Merione part of The Light Waterfront?
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How is Merione different from Lightwater?
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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 1.6M
Merione Residences