Rackson Group
Penang Gateway
Bayan Lepas (opposite Penang International Airport)
From
RM 342K
RM 342– PSF · Completion 2027
Tenure
freehold
Title
commercial
Total Units
608
Completion
2027
- From
- RM 342K
- PSF
- RM 342
- Tenure
- freehold
- Total units
- 608
- Status
- under construction
- Completion
- 2027
Project Tracking
We're tracking Penang Gateway — not yet personally reviewed by Zac
This project is in our database from public sources (7 sources) from Rackson Group. 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
Penang Gateway unit types
| Type | Config | Size (sqft) | Units | Car parks |
|---|---|---|---|---|
| 1BR | 1BR | — | — | — |
| 2BR | 2BR | — | — | — |
| 3BR | 3BR | — | 608 | — |
| Total | 608 | |||
What's nearby
🏥 Healthcare
- Pantai Hospital Penang3.5km
- Columbia Asia Hospital Bayan Lepas2.0km
🎓 Schools
- Fairview International School2.5km
- SMK Dato' Haji Ahmad Said1.5km
🛍 Shopping
- Queensbay Mall3.0km
- AEON Bukit Jambul3.5km
Monthly Instalment Calculator
Monthly Instalment
RM 1,381
Total Interest
RM 272,381
Total Outlay
RM 614,381
Bayan Lepas — area snapshot
Full area guide →Bayan Lepas is the island's industrial and tech hub, home to the Free Trade Zone and Penang International Airport. Condo demand comes primarily from professionals working in the area.
Price range
RM 300K – RM 1.2M
asking prices in area
Active projects
6
selling or under construction
Subsale condos
10
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 34,200 |
| SPA stamp duty | RM 5,840 |
| SPA legal fee | RM 4,275 |
| MOT stamp duty (at VP) Tiered 1–4% on transfer value. Paid at Vacant Possession stage. Buyer's cost — rarely absorbed by developer. | RM 5,840 |
| Loan stamp duty (0.5%) | RM 1,539 |
| Loan agreement legal fee | RM 1,539 |
| Valuation fee | RM 1,000 |
| Search, admin, misc | RM 1,000 |
| Gross upfront total | RM 55,233 |
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
How much is Penang Gateway?
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Is Penang Gateway freehold or leasehold?
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When is the expected completion / VP?
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Who is the developer of Penang Gateway?
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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 342K
Penang Gateway