penangproperty
CompletedleaseholdEst. 2024

IJM Land

Terraces Condominium

Bukit Jambul

From

RM 531K

RM 570580 PSF · Completion 2024

Tenure

leasehold

Title

TBC

Total Units

410

Completion

2024

From
RM 531K
PSF
RM 570–580
Tenure
leasehold
Total units
410
Status
completed
Completion
2024

Project Tracking

We're tracking Terraces Condominium — not yet personally reviewed by Zac

This project is in our database from public sources (4 sources) from IJM Land. 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 Terraces Condominium details on WhatsApp

Terraces Condominium unit types

TypeConfigSize (sqft)UnitsCar parks
3BR3BR925–950410
Total410

Building specifications

Blocks
1
Floors
34
Total units
410

Facilities

Swimming PoolWading PoolJacuzziGymnasiumOutdoor GymBarbecue LoungeJogging TrackChildren's PlaygroundSun DeckMulti-Purpose Hall24-Hour Security

What's nearby

🏥 Healthcare

  • Pantai Hospital Penang3.0km
  • Hope Children's Hospital2.5km

🎓 Schools

  • Fairview International School1.5km
  • INTI International College Penang2.0km
  • Universiti Sains Malaysia (USM)4.0km

🛍 Shopping

  • Queensbay Mall1.5km
  • Sunshine Square2.0km
  • SPICE Arena2.5km

Monthly Instalment Calculator

Monthly Instalment

RM 2,145

Total Interest

RM 422,908

Total Outlay

RM 953,908

📲 Discuss financing options with Zac

Bukit Jambul — area snapshot

Bukit Jambul is a well-developed mid-island area near Queensbay Mall. Projects here are popular with locals and mainland workers who commute to the north.

Price range

RM 702KRM 1.4M

asking prices in area

Active projects

0

selling or under construction

Subsale condos

2

completed projects

Total tracked

3

properties in this area

Other projects in Bukit Jambul

Total Cost Breakdown

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

DownpaymentRM 53,100
SPA stamp dutyRM 9,930
SPA legal feeRM 6,560
MOT stamp duty (at VP)

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

RM 9,930
Loan stamp duty (0.5%)RM 2,390
Loan agreement legal feeRM 2,390
Valuation feeRM 2,000
Search, admin, miscRM 1,000
Gross upfront totalRM 87,299

New launch — typical developer savings

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

Cash rebate3% = RM 15,930
0%5%10%
Total developer savingsRM 27,269

Net upfront (after savings)

Based on typical 2026 new launch package

RM 60,030

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 Terraces Condominium?

+
Units at Terraces Condominium start from RM 531K (around RM 570–580 psf). WhatsApp Zac for the current price list and any unit-specific promotions — pricing changes frequently as stock moves.

Is Terraces Condominium freehold or leasehold?

+
Terraces Condominium is leasehold — typically a 99-year lease from the original grant. This doesn't materially affect own-stay value, but leasehold properties may need state consent for resale and the land reverts at lease end.

When is the expected completion / VP?

+
Expected Vacant Possession is 2024, 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 Terraces Condominium?

+
Terraces Condominium is developed by IJM Land. For Zac's honest read on the developer's track record and what to expect on delivery quality, WhatsApp directly.

Substitutes worth comparing

Open full comparison →

Same area family, same property type, similar price band — what most buyers actually cross-shop.

From

RM 531K

Terraces Condominium

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 →