Ideal Property Group
SummerSkye Residences
Ideal Vision Park, Bayan Lepas
From
RM 598K
RM 535–560 PSF · Completion 2018
Tenure
freehold
Title
TBC
Total Units
585
Completion
2018
- From
- RM 598K
- PSF
- RM 535–560
- Tenure
- freehold
- Total units
- 585
- Status
- completed
- Completion
- 2018
Project Tracking
We're tracking SummerSkye Residences — not yet personally reviewed by Zac
This project is in our database from public sources (1 source) from Ideal Property 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
Facilities
What's nearby
🏥 Healthcare
- Pantai Hospital Penang4.5km
- Hospital Lam Wah Ee5.0km
- KPJ Penang Specialist Hospital6.0km
🎓 Schools
- SMK Bayan Lepas2.0km
- SJK(C) Bayan Lepas2.5km
- Fairview International School3.5km
🛍 Shopping
- SummerSkye Square (on-site retail)100m
- Queensbay Mall4.0km
- Giant Hypermarket Bayan Baru4.5km
Monthly Instalment Calculator
Monthly Instalment
RM 2,415
Total Interest
RM 476,269
Total Outlay
RM 1,074,269
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
7
selling or under construction
Subsale condos
9
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 59,800 |
| SPA stamp duty | RM 11,940 |
| SPA legal fee | RM 7,230 |
| MOT stamp duty (at VP) Tiered 1–4% on transfer value. Paid at Vacant Possession stage. Buyer's cost — rarely absorbed by developer. | RM 11,940 |
| Loan stamp duty (0.5%) | RM 2,691 |
| Loan agreement legal fee | RM 2,691 |
| Valuation fee | RM 2,000 |
| Search, admin, misc | RM 1,000 |
| Gross upfront total | RM 99,292 |
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 SummerSkye Residences?
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Is SummerSkye Residences freehold or leasehold?
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When is the expected completion / VP?
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Who is the developer of SummerSkye Residences?
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From
RM 598K
SummerSkye Residences