Island Landcap Properties Group
Tasek Gelugor Xchange
Tasek Gelugor
From
POA
Completion 2028
Tenure
TBC
Title
commercial
Total Units
644
Completion
2028
- From
- —
- PSF
- —
- Tenure
- —
- Total units
- 644
- Status
- under construction
- Completion
- 2028
Price at a glance
Prices as at November 2026 — price basis unrecorded, confirm the current range. Last checked 2026-10-05.
| Unit type | Size (sqft) | Price from | PSF from |
|---|---|---|---|
| Commercial | — | RM1.44M | — |
Zac’s Take
Zac Ong
Tasek Gelugor Xchange is a RM320.9 million mixed development by Island LandCap Properties Group, planned in two phases: 308 commercial units in the first and 336 residential units in the second.
Commercial spaces range from about 1,182 to 9,272 sq ft, and the homes will be compact, around 750 to 1,000 sq ft. Island LandCap received RM10.1 million in funding from Crewstone International in 2026 to support the project.
Right now it's mainly a commercial play for business owners and investors betting on Tasek Gelugor's growth. If you want a home here, wait for the residential phase details before deciding.
Tasek Gelugor Xchange price list 2026
1 of 2 unit types have a published price · entry from RM1.44M · 644 units total · completing 2028
| Type | Size (sqft) | Price from | PSF (derived) | Units | Foreign buyer |
|---|---|---|---|---|---|
| Commercial | — | RM1.44M | — | 308 | Eligible |
| Residential | 750–1,000 | On application | — | 336 | Below RM500,000 |
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.
Foreign buyers must clear RM500,000 per unit (Seberang Perai mainland floor), then pay a state levy and a flat 8% stamp duty on top. See the true cost of buying as a foreigner.
Residential is 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 listTasek Gelugor Xchange completion date
Tasek Gelugor Xchange is expected to complete in 2028. 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.
Monthly Instalment Calculator
Monthly Instalment
RM 4,039
Total Interest
RM 796,437
Total Outlay
RM 1,796,437
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 tasek gelugor
All 3 others we track here, cheapest first — 3 of them still selling.
- La Casa AraRM339K
- D'AleenaRM426K
- Taman Seri BeduRM532K
Tasek Gelugor — area snapshot
Full area guide →Price range
RM 339K – RM 532K
asking prices in area
Active projects
3
selling or under construction
Subsale condos
0
completed projects
Total tracked
4
properties in this area
Other projects in Tasek Gelugor
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 100,000 |
| SPA stamp duty (tiered 1–4%) | 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.
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
Is Tasek Gelugor Xchange freehold or leasehold?
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When will Tasek Gelugor Xchange be completed?
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How big are the homes at Tasek Gelugor Xchange?
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Who is the developer of Tasek Gelugor Xchange?
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From
POA
Tasek Gelugor Xchange