CompletedfreeholdEst. 2021

Kerjaya Prospek Property Sdn. Bhd.

Straits Residences

Name: Straits Residences
Brand: Kerjaya Prospek Property Sdn. Bhd.
Availability: Discontinued

Jalan Seri Tanjung Pinang

From

RM 1M

RM 1200–1696 PSF · Completion 2021

Get Brochure + Price List

📲 Price list 📲 Floor plans 📅 Site visit

Tenure

freehold

Title

TBC

Total Units

246

Completion

2021

From: RM 1M
PSF: RM 1200–1696
Tenure: freehold
Total units: 246
Status: completed
Completion: 2021

Project Tracking

We're tracking Straits Residences — not yet personally reviewed by Zac

This project is in our database from public sources (4 sources) from Kerjaya Prospek Property Sdn. Bhd.. 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

📲 Get Straits Residences details on WhatsApp

Facilities

Infinity Lap PoolJacuzzi PoolWading PoolGymnasiumChildren's Play AreaNurseryFunction RoomPool DeckRooftop GardenBarbecue AreaSmart Home System24-Hour Security

What's nearby

🏥 Healthcare

Penang Adventist Hospital7.0km
Island Hospital8.0km
Loh Guan Lye Specialist Centre7.5km

🎓 Schools

SK Tanjong Tokong1.5km
SJK (C) Hun Bin1.5km
SMK Tanjong Bunga2.0km
Dalat International School3.0km
Stonyhurst International School4.0km
Tenby International School4.0km

🛍 Shopping

Straits Quay Marina Mall100m
Island Plaza3.5km
Gurney Plaza5.5km
Gurney Paragon Mall5.5km

Monthly Instalment Calculator

Property Price (RM)Down Payment (%)Loan Tenure (years)Interest Rate (%)

Monthly Instalment

RM 4,039

Total Interest

RM 796,437

Total Outlay

RM 1,796,437

📲 Discuss financing options with Zac

Tanjung Pinang — area snapshot

Price range

RM 385K – RM 385K

asking prices in area

Active projects

selling or under construction

Subsale condos

completed projects

Total tracked

properties in this area

Other projects in Tanjung Pinang

i-Santorini @ Tanjung Pinang · RM 385K

Total Cost Breakdown

Every cost you'll pay — stamp duty, legal fees, loan documentation, foreign levy. Real Penang numbers, not generic Malaysia estimates.

Purchase price (RM)

Downpayment (%)

First-time buyerForeign buyer

Downpayment	RM 100,000
SPA stamp duty	RM 24,000
SPA legal fee	RM 11,250
MOT stamp duty (at VP) Tiered 1–4% on transfer value. Paid at Vacant Possession stage. Buyer's cost — rarely absorbed by developer.	RM 24,000
Loan stamp duty (0.5%)	RM 4,500
Loan agreement legal fee	RM 4,500
Valuation fee	RM 2,000
Search, admin, misc	RM 1,000
Gross upfront total	RM 171,250

New launch — typical developer savings

Toggle what the developer is absorbing. Confirm the actual package before signing.

SPA legal fee absorbed

Panel lawyer provided by developer

− RM 11,250

Loan stamp duty absorbed

0.5% on loan amount

− RM 4,500

Loan legal fee absorbed

Loan documentation fees

− RM 4,500

MOT stamp duty absorbed

Rare — confirm with developer

—

Cash rebate3% = RM 30,000

0%5%10%

Total developer savings− RM 50,250

Net upfront (after savings)

Based on typical 2026 new launch package

RM 121,000

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 Straits Residences?

Units at Straits Residences start from RM 1M (around RM 1200–1696 psf). WhatsApp Zac for the current price list and any unit-specific promotions — pricing changes frequently as stock moves.

Is Straits Residences freehold or leasehold?

Straits Residences is freehold — you own the land in perpetuity, no expiry date, no renewal fees. Freehold residential title remains genuinely scarce in central Penang Island.

When is the expected completion / VP?

Expected Vacant Possession is 2021, subject to developer execution. Defects liability period typically runs 24 months from VP. New launch buyers should budget for transaction costs at SPA and again at VP (MOT stamp duty).

Can foreigners buy Straits Residences?

Yes — Straits Residences meets the Penang state foreign-buyer minimum (RM1M stratified on Penang Island, RM600K mainland). Foreigners pay a 3% state levy (island) plus state consent fees on top of standard transaction costs. Full walkthrough: see the Penang foreign buyer guide or message Zac directly.

Who is the developer of Straits Residences?

Straits Residences is developed by Kerjaya Prospek Property Sdn. Bhd.. For Zac's honest read on the developer's track record and what to expect on delivery quality, WhatsApp directly.

From

RM 1.0M

Straits Residences

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