Exsim
The Lighthauz
Gelugor, Penang Island
From
RM 890K
RM 1216– PSF · Completion 2030
Tenure
freehold
Title
Commercial (HDA)
Total Units
671
Completion
2030
- From
- RM 890K
- PSF
- RM 1216
- Tenure
- freehold
- Total units
- 671
- Status
- selling
- Completion
- 2030
Zac’s Take
Zac Ong
The Lighthauz is Exsim's new Gelugor tower — 56 storeys, 671 units, freehold, on a 2-acre site. Layouts split clean: 732 sqft 1-bedroom (Types A1/A2) and 1,001 sqft 2-bedroom (Types B1/B2/C1/C2). All units come with a balcony — a real spec point in this segment.
The building is a long-hold proposition. Expected completion is 60 months after APDL, putting handover around late 2029 to early 2030. That gives you a 4-year off-plan wait, and Exsim's discipline on construction quality is one of the reasons buyers tolerate that timeline.
My honest take: The Lighthauz fits a specific buyer — someone with a 5-10 year horizon, comfortable with the off-plan wait, and clear-eyed about the service-apartment format (which usually means commercial-HDA title — verify at SPA). The 1-bedroom 732 sqft suits a single professional or a yield-play; the 1,001 sqft 2-bedrooms work for couples and small families. View premium is real here — the marketing materials emphasise the floor-by-floor height variation. Ask me which orientation faces the Penang Bridge cleanly vs the inland-facing stacks.
The Lighthauz unit types
| Type | Config | Size (sqft) | Units | Car parks |
|---|---|---|---|---|
| A1 | 1-bedroom | 732 | 0 | Add-on |
| A2 | 1-bedroom | 732 | 0 | Add-on |
| B1 | 2-bedroom | 1,001 | 0 | Add-on |
| B2 | 2-bedroom | 1,001 | 0 | Add-on |
| C1 | 2-bedroom | 1,001 | 0 | Add-on |
| C2 | 2-bedroom | 1,001 | 0 | Add-on |
| Total | 0 | |||
⚠Commercial under HDA inferred from Exsim service-apartment format; verify with developer at SPA.
Building specifications
- Blocks
- 1
- Floors
- 56
- Total units
- 671
- Lifts per floor
- 7
Facilities
What's nearby
🏥 Healthcare
- Hospital Lam Wah Ee4.0km
- Penang Adventist Hospital7.0km
🎓 Schools
- SJK(C) Keong Hoe2.0km
- Universiti Sains Malaysia (USM)3.0km
- Fairview International School Penang6.0km
🛍 Shopping
- The Light Waterfront300m
- Queensbay Mall5.0km
Monthly Instalment Calculator
Monthly Instalment
RM 3,595
Total Interest
RM 708,829
Total Outlay
RM 1,598,829
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
4
selling or under construction
Subsale condos
6
completed projects
Total tracked
12
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 89,000 |
| SPA stamp duty | RM 20,700 |
| SPA legal fee | RM 10,150 |
| MOT stamp duty (at VP) Tiered 1–4% on transfer value. Paid at Vacant Possession stage. Buyer's cost — rarely absorbed by developer. | RM 20,700 |
| Loan stamp duty (0.5%) | RM 4,005 |
| Loan agreement legal fee | RM 4,005 |
| Valuation fee | RM 2,000 |
| Search, admin, misc | RM 1,000 |
| Gross upfront total | RM 151,560 |
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 The Lighthauz?
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Is The Lighthauz freehold or leasehold?
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When is the expected completion / VP?
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Who is the developer of The Lighthauz?
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Substitutes worth comparing
Open full comparison →Same area family, same property type, similar price band — what most buyers actually cross-shop.
From
RM 890K
The Lighthauz