penangproperty
New LaunchfreeholdcommercialEst. 2028

Island Landcap Properties Group

Tasek Gelugor Xchange

Tasek Gelugor

From

RM 700K

RM 600 PSF · Completion 2028

Tenure

freehold

Title

commercial

Total Units

644

Completion

2028

From
RM 700K
PSF
RM 600
Tenure
freehold
Total units
644
Status
under construction
Completion
2028

Project Tracking

We're tracking Tasek Gelugor Xchange — not yet personally reviewed by Zac

This project is in our database from public sources (3 sources) from Island Landcap Properties 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
📲 Get Tasek Gelugor Xchange details on WhatsApp

Tasek Gelugor Xchange unit types

TypeConfigSize (sqft)UnitsCar parks
CommercialCommercial1,182–9,272308
ResidentialResidential750–1,000336
Total644

Monthly Instalment Calculator

Monthly Instalment

RM 2,827

Total Interest

RM 557,506

Total Outlay

RM 1,257,506

📲 Discuss financing options with Zac

Tasek Gelugor — area snapshot

Price range

RM 326KRM 532K

asking prices in area

Active projects

3

selling or under construction

Subsale condos

0

completed projects

Total tracked

4

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.

DownpaymentRM 70,000
SPA stamp dutyRM 15,000
SPA legal feeRM 8,250
MOT stamp duty (at VP)

Tiered 1–4% on transfer value. Paid at Vacant Possession stage. Buyer's cost — rarely absorbed by developer.

RM 15,000
Loan stamp duty (0.5%)RM 3,150
Loan agreement legal feeRM 3,150
Valuation feeRM 2,000
Search, admin, miscRM 1,000
Gross upfront totalRM 117,550

New launch — typical developer savings

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

Cash rebate3% = RM 21,000
0%5%10%
Total developer savingsRM 35,550

Net upfront (after savings)

Based on typical 2026 new launch package

RM 82,000

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 Tasek Gelugor Xchange?

+
Units at Tasek Gelugor Xchange start from RM 700K (around RM 600 psf). WhatsApp Zac for the current price list and any unit-specific promotions — pricing changes frequently as stock moves.

Is Tasek Gelugor Xchange freehold or leasehold?

+
Tasek Gelugor Xchange 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 2028, 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).

Who is the developer of Tasek Gelugor Xchange?

+
Tasek Gelugor Xchange is developed by Island Landcap Properties Group. For Zac's honest read on the developer's track record and what to expect on delivery quality, WhatsApp directly.

From

RM 700K

Tasek Gelugor Xchange

Chat with Zac now

🔔 Join 600+ Penang buyers on Zac's New Launch Alert

Be first to know when new projects drop — before they go public.

Join via WhatsApp →