YTL Land & Development Bhd
Shorefront Residences
Gat Lebuh Leith, George Town seafront
From
RM 2.90M
Tenure
freehold
Title
residential
Total Units
76
Completion
2018
- From
- RM 2.9M
- PSF
- —
- Tenure
- freehold
- Total units
- 76
- Status
- completed
- Completion
- 2018
Zac’s Take
Zac Ong
Shorefront Residences is YTL's low-density seafront duplex development on Gat Lebuh Leith, George Town — freehold, just 76 units, completed 2018. YTL brand, waterfront position, large duplex layouts.
My honest take: this is trophy George Town waterfront — asking runs roughly RM2.9M to RM5.5M. You're paying for the YTL name, the scarcity (76 units) and a genuine seafront address on the historic side of the island. Own-stay-first. Ask me what's available and which units face the water cleanest.
💎 Premium tier — what actually matters
At this price tier, buyers care about a different set of numbers
Most Shorefront Residences buyers pay cash or use private banking — so monthly instalments aren't the metric. The questions Zac gets asked are:
- · Resale liquidity — how long to find a buyer in 5 years
- · Capital appreciation — what the area has done over 3, 5, 10 years
- · Carrying cost — maintenance + tax + utilities, not loan
- · Estate planning — title structure, inheritance handling
- · Foreign buyer levy & consent — true total cost basis
- · Lawyer / private banker network — who handles transactions well
Georgetown — area snapshot
Full area guide →Georgetown is the UNESCO World Heritage City and Penang's urban core. Heritage shophouses and modern serviced suites coexist; buyer profiles range from heritage lovers to city professionals.
Price range
RM 73K – RM 1.2M
asking prices in area
Active projects
4
selling or under construction
Subsale condos
6
completed projects
Total tracked
11
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 290,000 |
| SPA stamp duty | RM 100,000 |
| SPA legal fee | RM 26,450 |
| MOT stamp duty (at VP) Tiered 1–4% on transfer value. Paid at Vacant Possession stage. Buyer's cost — rarely absorbed by developer. | RM 100,000 |
| Loan stamp duty (0.5%) | RM 13,050 |
| Loan agreement legal fee | RM 13,050 |
| Valuation fee | RM 3,500 |
| Search, admin, misc | RM 1,000 |
| Gross upfront total | RM 547,050 |
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 Shorefront Residences freehold?
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What are prices at Shorefront Residences?
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How many units does Shorefront have?
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Can foreigners buy at Shorefront 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 2.9M
Shorefront Residences