Ideal Property Group
Queens Residences Q3
Queens Waterfront, Queensbay
From
RM 890K
Completion 2027
Tenure
freehold
Title
TBC
Total Units
532
Completion
2027
- From
- RM 890K
- PSF
- —
- Tenure
- freehold
- Total units
- 532
- Status
- under construction
- Completion
- 2027
Price at a glance
Prices as at November 2026 — Developer prices basis. Last checked 2026-10-05. The project has not completed — no resale market yet.
| Unit type | Size (sqft) | Price from | PSF from |
|---|---|---|---|
| All units | 950–1,400 | RM890,000 | ~RM937 |
Zac’s Take
Zac Ong
Queens Residences Q3 is the third phase of Ideal Property Group's Queens Waterfront, on reclaimed seafront land directly opposite Queensbay Mall: a single 25-storey freehold tower of 532 homes of about 950 to 1,400 sq ft, due in late 2027.
Asking prices start from around RM890,000 and reach about RM2M for the best-placed units, roughly RM940–1,560 per sq ft, with views across the Penang Strait towards Pulau Jerejak.
It's the premium address in the Queensbay area, suited to buyers who want sea views and the mall across the road, close to the bridge and the Bayan Lepas industrial zone. Units priced at RM1M or more are open to foreign buyers; the entry units are just below that line.
Queens Residences Q3 price list 2026
0 of 3 unit types have a published price · completing 2027
| Type | Size (sqft) | Price from | PSF (derived) | Units |
|---|---|---|---|---|
| 2BR | 950–1,050 | On application | — | — |
| 3BR | 1,100–1,400 | On application | — | — |
| Dual Key | 950–1,200 | 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 2026-10-05. 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 listQueens Residences Q3 completion date
Queens Residences Q3 is expected to complete in 2027. It is under construction now.
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
- 25
- Total units
- 532
Facilities
What's nearby
🏥 Healthcare
- Pantai Hospital Penang
🛍 Shopping
- Queensbay Mall
Monthly Instalment Calculator
Monthly Instalment
RM 3,595
Total Interest
RM 708,829
Total Outlay
RM 1,598,829
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 queensbay
The only other project we track here.
- Queens ResidencesRM890K
Queensbay — area snapshot
Price range
RM 890K – RM 890K
asking prices in area
Active projects
0
selling or under construction
Subsale condos
1
completed projects
Total tracked
2
properties in this area
Other projects in Queensbay
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 89,000 |
| SPA stamp duty (tiered 1–4%) | RM 20,700 |
| SPA legal fee | RM 10,150 |
| MOT stamp duty (at VP) Tiered 1–4% on transfer value. Paid at Vacant Possession stage. Buyer's cost — rarely absorbed by developer. | RM 20,700 |
| Loan stamp duty (0.5%) | RM 4,005 |
| Loan agreement legal fee | RM 4,005 |
| Valuation fee | RM 2,000 |
| Search, admin, misc | RM 1,000 |
| Gross upfront total | RM 151,560 |
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 Queens Residences Q3?
+
Is Queens Residences Q3 freehold or leasehold?
+
Can a foreigner buy at Queens Residences Q3?
+
When will Queens Residences Q3 be completed?
+
How big are the homes at Queens Residences Q3?
+
Substitutes worth comparing
Open full comparison →Same area family, same property type, similar price band — what most buyers actually cross-shop.
From
RM 890K
Queens Residences Q3