Jelutong Β· Subsale Market
3 Residence Subsale β Jelutong, Penang
Current asking prices, floor plans, and what to inspect before signing the SPA. Live subsale shortlist sent direct to your WhatsApp.
3 Residence is a completed leasehold condominium in Jelutong, Penang, completed in 2021 by IJM Land. It has 478 units. It launched from around RM 698K in 2016 β that is the launch price, not a current resale figure. WhatsApp Zac for live asking prices.
Price at a glance
Prices as at September 2026 β Developer launch prices basis. Last checked 2026-07-20. A negotiation floor, not what it trades at today.
| Unit type | Size (sqft) | Price from | PSF from |
|---|---|---|---|
| All units | 867β1,050 | RM698,000 | RM650 |
Available Listings
No listings currently on file. Zac may have off-market units available.
Ask Zac about availabilityWhy buy a 3 Residence subsale (vs a new launch elsewhere)
Immediate occupancy
Move in within 3 months of SPA. No 36-month construction wait.
Verified surroundings
Jelutong's noise levels, traffic, neighbour mix, and JMC quality are known quantities at 3 Residence.
Established maintenance
Sinking fund history is visible. You can read the last 12 months of JMC minutes before committing.
How 3 Residence is priced within Jelutong
At roughly RM650 psf, 3 Residence sits mid-band for Jelutong (RM300β900 psf). This is the range where unit-specific factors β floor, view, renovation, facing β matter more than the address itself when you negotiate.
Area gross yield
~5.5%
Typical for Jelutong condos
Building age
5 years
Completed 2021
PSF bands are area-level indicative ranges from our own tracking, cross-checked against NAPIC/JPPH and Brickz transaction data β see the Penang Price Index. Unit-level pricing varies with floor, view and renovation; ask Zac for the actual transacted comparables in this building.
5 things to check before signing the 3 Residence SPA
- 1.Sinking fund health β Confirm the current balance and whether any special assessment is pending in the next 12 months. A thin sinking fund on an ageing building means you inherit the bill.
- 2.Last 3 maintenance billings β Verify payment is up to date and no dues are outstanding from the seller β arrears transfer with the unit, not the person.
- 3.JMC minutes (last 12 months) β Look for recurring complaints, structural concerns, or planned major works. This is the single most revealing document most buyers never ask for.
- 4.Common-area condition β Physically walk the pool deck, lifts, lobbies, gym and parking ramps. Photograph anything concerning β it is negotiation leverage.
- 5.Management track record β Ask who manages the building and how long they have held the contract. Frequent turnover of managing agents usually signals a difficult JMB.
3 Residence price 2026
What 3 Residence trades at on the sub-sale market, last checked 2026-07-20.
| Asking from | RM698,000+ |
| PSF | RM650 |
| Built-up | 867 β 1,050 sqft |
| Completed | 2021 |
| Units | 478 |
Developer launch price. This is what the developer charged at launch, not what the building trades at today. Treat it as a floor for negotiation, not a guide to current value.
The building is 5 years old. Still young. The defects liability period has long expired, so anything outstanding is now the management corporationβs problem and, through the sinking fund, partly yours. Check what was actually rectified.
Every unit here sits below the RM1M foreign-buyer minimum, so this building is open to Malaysian and PR buyers only.
Selling rather than buying? The RPGT rates and the 21B retention decide what you keep β and if you are near the five-to-six-year line, the date matters more than the price.
3 Residence for sale & for rent
Looking to buy or rent a unit in 3 Residence? Asking prices and rents move with the market and with the specific unit β floor, facing, condition β so rather than quote a stale number, message Zac for the current listings and a straight read on what is realistic today.
3 Residence key facts
- Developer
- IJM Land
- Area
- Jelutong, Penang
- Type
- mixed
- Tenure
- leasehold
- Completed
- 2021
- Total units
- 478
- Asking PSF
- RM650
- Price from
- RM 698K
Need the full project profile? Specifications, floor plans, nearby amenities, and Zac's take on 3 Residence:
View full 3 Residence profile βJelutong β area snapshot
Full area guide βJelutong is a densely populated central-island area. New projects here target first-time buyers and investors rather than the luxury segment, with relatively accessible entry prices.
Price range
RM 475K β RM 969K
asking prices in area
Active projects
5
selling or under construction
Subsale condos
4
completed projects
Total tracked
10
properties in this area
Other projects in Jelutong
All 9 others we track here, cheapest first β 5 of them still selling.
- Artis 3RM475K
- Grace HarmonyRM480K
- Maritime SignatureRM500K
- Urban SuitesRM500K
- Twin StarRM550K
- Central ResidenceRM650K
- Setia Sky VilleRM730K
- Alton SkyvillasRM899K
- Setia SV2RM969K
3 Residence subsale β common questions
What is the price of 3 Residence?
3 Residence runs RM698,000 and up. That is the developer launch price, not what the building trades at today. Treat it as a floor for negotiation. That works out to about RM650 per square foot. Checked 2026-07-20.
Is 3 Residence freehold or leasehold?
3 Residence is leasehold. We do not hold the land title class on record β confirm it with the developer, because a commercial title changes your utility tariffs and loan margin.
Can a foreigner buy at 3 Residence?
Not at current prices. Penang Island sets a RM1,000,000 minimum for foreign buyers and no unit here clears it, so 3 Residence is open to Malaysian and PR buyers only.
When was 3 Residence completed?
3 Residence completed in 2021, developed by IJM Land. Units here trade sub-sale.
How big are the units at 3 Residence?
Built-ups run 867 to 1,050 sq ft. There are 478 units in total.
More on the neighbourhood:
Jelutong area guide β schools, transport, PSF, lifestyle scorecard βSubstitutes worth comparing
Open full comparison βSame area family, same property type, similar price band β what most buyers actually cross-shop.