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
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 unit types
| Type | Config | Size (sqft) | Units | Car parks |
|---|---|---|---|---|
| Studio/1BR | Studio/1BR | 688–800 | — | — |
| 2BR | 2BR | 800–1,000 | — | — |
| 3BR/4BR | 3BR/4BR | 1,000–1,184 | — | — |
| Total | — | |||
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
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 2.1M
asking prices in area
Active projects
4
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 | 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 based on 2026 Penang state rules. 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