CompletedfreeholdEst. 2020

IJM Land

The Light Collection IV

Name: The Light Collection IV
Brand: IJM Land
Availability: Discontinued

Tun Dr. Lim Chong Eu Expressway, Gelugor

From

RM 1.60M

RM 900–1000 PSF · Completion 2020

Get Brochure + Price List

📲 Price list 📲 Floor plans 📅 Site visit

Tenure

freehold

Title

TBC

Total Units

Completion

2020

From: RM 1.6M
PSF: RM 900–1000
Tenure: freehold
Total units: 98
Status: completed
Completion: 2020

Project Tracking

We're tracking The Light Collection IV — not yet personally reviewed by Zac

This project is in our database from public sources (2 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 The Light Collection IV details on WhatsApp

Facilities

Swimming PoolWading PoolGymnasiumTennis CourtBasketball CourtJacuzziBBQ AreaChildren's PlaygroundMulti-Purpose HallFunction RoomsLandscaped GardenWaterfront PromenadeMulti-Storey Car Park24-Hour Security

What's nearby

🏥 Healthcare

Hospital Lam Wah Ee4.0km
Hospital Universiti Sains Malaysia (HUSM)4.0km
Pantai Hospital Penang5.5km

🎓 Schools

SRK Minden Heights3.0km
Universiti Sains Malaysia (USM)3.5km
Fairview International School Penang6.0km

🛍 Shopping

The Light City Mall300m
Queensbay Mall4.5km
Tesco E-Gate3.5km

Monthly Instalment Calculator

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

Monthly Instalment

RM 6,463

Total Interest

RM 1,274,299

Total Outlay

RM 2,874,299

📲 Discuss financing options with Zac

Gelugor — area snapshot

Full area guide →

Gelugor is a central island location close to USM and the Light Waterfront. Infrastructure is established, and The Light Waterfront development has lifted profile significantly.

Price range

RM 550K – RM 2.1M

asking prices in area

Active projects

selling or under construction

Subsale condos

completed projects

Total tracked

properties in this area

Other projects in Gelugor

Keeperz Suites · RM 844K Lightwater Residences · RM 2.1M Merione Grand · RM 693K Merione Residences · RM 1.4M Mezzo @ The Light City · RM 900K Middleton @ Minden Heights · RM 691K Pearl Regency · RM 723K STARK Tower · RM 600K +3 more →

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 160,000
SPA stamp duty	RM 48,000
SPA legal fee	RM 16,050
MOT stamp duty (at VP) Tiered 1–4% on transfer value. Paid at Vacant Possession stage. Buyer's cost — rarely absorbed by developer.	RM 48,000
Loan stamp duty (0.5%)	RM 7,200
Loan agreement legal fee	RM 7,200
Valuation fee	RM 3,500
Search, admin, misc	RM 1,000
Gross upfront total	RM 290,950

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 16,050

Loan stamp duty absorbed

0.5% on loan amount

− RM 7,200

Loan legal fee absorbed

Loan documentation fees

− RM 7,200

MOT stamp duty absorbed

Rare — confirm with developer

—

Cash rebate3% = RM 48,000

0%5%10%

Total developer savings− RM 78,450

Net upfront (after savings)

Based on typical 2026 new launch package

RM 212,500

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 The Light Collection IV?

Units at The Light Collection IV start from RM 1.60M (around RM 900–1000 psf). WhatsApp Zac for the current price list and any unit-specific promotions — pricing changes frequently as stock moves.

Is The Light Collection IV freehold or leasehold?

The Light Collection IV 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 2020, 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 The Light Collection IV?

Yes — The Light Collection IV 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 The Light Collection IV?

The Light Collection IV 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.

gelugor

Vilaris Courtyard Homes

Warisan Pinang Sdn. Bhd. (Runnymede Group)

From RM 2.0M

georgetown

Marina 129

Bintang Holdings Sdn. Bhd. (Low Yat Group)

From RM 1.2M

gelugor

Mezzo @ The Light City

IJM Perennial Development (Jaringan Simfoni Sdn Bhd)

From RM 900K

From

RM 1.6M

The Light Collection IV

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