Sungai Nibong · Subsale Market
Iconic Regency Subsale — Sungai Nibong, Penang
Current asking prices, Zac's honest take, and what to check before you buy. Ask for the current shortlist on WhatsApp.
Iconic Regency is a completed freehold condominium in Sungai Nibong, Penang, completed in 2024 by Iconic Development Sdn. Bhd.. It has 268 units. Subsale asking prices currently run about RM817–1118 per sq ft (from roughly RM 480K). Note: it sits on commercial title, so utilities may be billed at commercial rates.
Price at a glance
Prices as at November 2026 — Subsale asking prices basis. Last checked 2026-10-12.
| Unit type | Size (sqft) | Price from | PSF from |
|---|---|---|---|
| All units | 600–850 | RM480,000 | RM817 |
Zac’s Take
Zac Ong
What you are buying here is newness — Iconic Development handed this over in 2024, making it one of the youngest buildings in the area. What you get is small: 600 to 850 sqft, one and two bedrooms only, 268 units in total. That low unit count is a genuine plus. Commercial land title is the drag, and I would not soften it — expect commercial utility and assessment rates, and expect a bank to lend on a tighter margin than it would against residential title, which is exactly the sort of thing that surfaces two weeks before completion. 2026 listings ran from about RM480,000 for studios to about RM690,000 and up for the largest units, beneath the RM1,000,000 island threshold, so foreign buyers cannot participate here. Good fit for a landlord targeting single tenants in the Bayan Lepas employment belt, or an own-stay buyer who wants a brand-new lift and no renovation bill. Avoid it if you need three bedrooms, if a commercial electricity tariff will irritate you every month, or if you are buying purely on psf value — older stock nearby wins that argument.
Available Listings
No listings currently on file. Zac may have off-market units available.
Ask Zac about availabilityWhy buy an Iconic Regency subsale (vs a new launch elsewhere)
Immediate occupancy
Move in within months, not years. Most resales complete in four to six months, a little longer if you need state consent as a foreign buyer.
Verified surroundings
Sungai Nibong's noise levels, traffic, neighbour mix, and JMC quality are known quantities at Iconic Regency.
Established maintenance
The building has a track record. Ask for the management accounts, sinking fund balance and recent meeting minutes before you commit.
How Iconic Regency is priced within Sungai Nibong
At roughly RM817 psf, Iconic Regency sits mid-band for Sungai Nibong (RM560–1000 psf). This is the range where unit-specific factors — floor, view, renovation, facing — matter more than the address itself when you negotiate.
Building age
2 years
Completed 2024
PSF bands are area-level indicative ranges from our own tracking, cross-checked against NAPIC/JPPH and Brickz transaction data — see the Penang Price Index. Unit-level pricing varies with floor, view and renovation; ask Zac for the actual transacted comparables in this building.
The Iconic Regency pre-purchase checklist
- 1.Remaining lease (if leasehold) — Ask for the exact expiry year. Banks tighten lending as the remaining term shortens, which affects both your loan and your future buyer's.
- 2.Outstanding charges and caveats — Your lawyer should run a full land search for caveats, charges or restrictions in interest before you release any deposit.
- 3.Genuine transacted comparables — Ask for recent transacted prices in the same block, not asking prices. Asking prices tell you what sellers hope for, not what the market pays.
- 4.Exit tax position — Model your RPGT before you buy, not when you sell. Holding period changes the maths substantially, especially for foreign owners.
- 5.Vacant possession terms — Agree in writing what stays — air-conditioners, built-ins, curtains, lights. Fixture disputes at handover are entirely avoidable.
Iconic Regency price 2026
What Iconic Regency trades at on the sub-sale market, last checked 2026-10-12.
| Asking from | RM480,000 – RM950,000 |
| PSF | RM817 – 1118 |
| Built-up | 600 – 850 sqft |
| Completed | 2024 |
| Units | 268 |
Verified sub-sale asking prices. Asking is not transacted — expect movement between the two.
The building is 2 years old. Still young. The defects liability period has long expired, so anything outstanding is now the management corporation’s 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 — and if you are near the five-to-six-year line, the date matters more than the price.
Iconic Regency for sale & for rent
Looking to buy or rent a unit in Iconic Regency? Asking prices and rents move with the market and with the specific unit — floor, facing, condition — so rather than quote a stale number, message Zac for the current listings and a straight read on what is realistic today.
Iconic Regency key facts
- Developer
- Iconic Development Sdn. Bhd.
- Area
- Sungai Nibong, Penang
- Type
- serviced apartment
- Tenure
- freehold · commercial
- Completed
- 2024
- Total units
- 268
- Asking PSF
- RM817–1118
- Price from
- RM 480K
Sungai Nibong — area snapshot
Full area guide →Price range
RM 405K – RM 850K
asking prices in area
Active projects
0
selling or under construction
Subsale condos
4
completed projects
Total tracked
5
properties in this area
Other projects in Sungai Nibong
Other projects in Sungai Nibong
All 4 others we track here, cheapest first — all trading sub-sale.
- Casa AnggunRM405K
- NovusRM660K
- The Sun @ Sungai NibongRM730K
- Celesta ResidencyRM850K
Iconic Regency subsale — common questions
What is the price of Iconic Regency?
Iconic Regency runs RM480,000 to RM950,000. These are verified sub-sale asking prices, not transacted figures — expect movement between the two. That works out to about RM817–1,118 per square foot. Checked 2026-10-12.
Is Iconic Regency freehold or leasehold?
Iconic Regency is freehold, on a commercial title. Those are two separate facts and only the first usually appears in marketing. A commercial title means commercial utility and assessment tariffs, and a tighter loan margin at most banks.
Can a foreigner buy at Iconic Regency?
Yes, if you are on MM2H. MM2H participants can buy residential property in Penang from RM500,000 (up to two homes), and Iconic Regency is priced above that. Other foreign buyers need RM1,000,000 for strata property on the island, which homes here do not reach. Add the state levy, a flat 8% stamp duty, and 3–4 months for state consent.
When was Iconic Regency completed?
Iconic Regency was completed in 2024 by Iconic Development Sdn. Bhd., so homes here are bought from existing owners.
How big are the homes at Iconic Regency?
Homes range from about 600 to 850 sq ft. There are 268 homes in total.
More on the neighbourhood:
Sungai Nibong area guide — schools, transport, PSF, lifestyle scorecard →Substitutes worth comparing
Open full comparison →Same area family, same property type, similar price band — what most buyers actually cross-shop.