CompletedfreeholdEst. 2021

Northern Gold Development Sdn. Bhd.

Tierra Residences

Name: Tierra Residences
Brand: Northern Gold Development Sdn. Bhd.
Availability: Discontinued

Jalan Dato Ismail Hashim, Bayan Lepas

From

RM 1.02M

RM 410– PSF · Completion 2021

Get Brochure + Price List

📲 Price list 📲 Floor plans 📅 Site visit

Tenure

freehold

Title

TBC

Total Units

Completion

2021

From: RM 1.0M
PSF: RM 410
Tenure: freehold
Total units: 65
Status: completed
Completion: 2021

Project Tracking

We're tracking Tierra Residences — not yet personally reviewed by Zac

This project is in our database from public sources (4 sources) from Northern Gold Development Sdn. Bhd.. 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 Tierra Residences details on WhatsApp

Facilities

Community HallChildren's PlaygroundJogging TrackBBQ AreaGated & Guarded24-Hour Security

What's nearby

🏥 Healthcare

Pantai Hospital Penang6.0km
Hospital Lam Wah Ee7.0km
KPJ Penang Specialist Hospital7.5km

🎓 Schools

Straits International School2.0km
SMK Bayan Lepas3.0km
SJK(C) Bayan Lepas3.5km

🛍 Shopping

Solaria Square500m
Setia Triangle500m
Queensbay Mall7.0km

Monthly Instalment Calculator

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

Monthly Instalment

RM 4,140

Total Interest

RM 816,348

Total Outlay

RM 1,841,348

📲 Discuss financing options with Zac

Bayan Lepas — area snapshot

Full area guide →

Bayan Lepas is the island's industrial and tech hub, home to the Free Trade Zone and Penang International Airport. Condo demand comes primarily from professionals working in the area.

Price range

RM 300K – RM 1.2M

asking prices in area

Active projects

selling or under construction

Subsale condos

completed projects

Total tracked

properties in this area

Other projects in Bayan Lepas

SENZE @ PICC · RM 1.2M Tropicana Bay Residences · RM 454K Avion Residence · RM 342K Forest Ville · RM 450K Goodwood Residence · RM 500K Havana Beach Residences · RM 300K London Pavilion · RM 418K Lucerne Residences · RM 664K +8 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 102,500
SPA stamp duty	RM 25,000
SPA legal fee	RM 11,450
MOT stamp duty (at VP) Tiered 1–4% on transfer value. Paid at Vacant Possession stage. Buyer's cost — rarely absorbed by developer.	RM 25,000
Loan stamp duty (0.5%)	RM 4,613
Loan agreement legal fee	RM 4,613
Valuation fee	RM 2,000
Search, admin, misc	RM 1,000
Gross upfront total	RM 176,175

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 11,450

Loan stamp duty absorbed

0.5% on loan amount

− RM 4,613

Loan legal fee absorbed

Loan documentation fees

− RM 4,613

MOT stamp duty absorbed

Rare — confirm with developer

—

Cash rebate3% = RM 30,750

0%5%10%

Total developer savings− RM 51,425

Net upfront (after savings)

Based on typical 2026 new launch package

RM 124,750

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 Tierra Residences?

Units at Tierra Residences start from RM 1.02M (around RM 410 psf). WhatsApp Zac for the current price list and any unit-specific promotions — pricing changes frequently as stock moves.

Is Tierra Residences freehold or leasehold?

Tierra Residences 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 2021, 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 Tierra Residences?

Yes — Tierra Residences 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 Tierra Residences?

Tierra Residences is developed by Northern Gold Development Sdn. Bhd.. For Zac's honest read on the developer's track record and what to expect on delivery quality, WhatsApp directly.

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