Island Glades · Subsale Market
Ideal Residency Subsale — Island Glades, Penang
Current asking prices, Zac's honest take, and what to check before you buy. Ask for the current shortlist on WhatsApp.
Ideal Residency is a completed freehold condominium in Island Glades, Penang, completed in 2024 by Ideal Capital Venture Sdn. Bhd. (Ideal Property Group). It has 1218 units. It launched from around RM 390K in 2020 — that is the launch price, not a current resale figure. WhatsApp Zac for live asking prices.
Price at a glance
Prices as at November 2026 — Developer launch prices basis. Last checked 2026-10-09. A negotiation floor, not what it trades at today.
| Unit type | Size (sqft) | Price from | PSF from |
|---|---|---|---|
| All units | 850 | RM390,000 | RM459 |
Zac’s Take
Zac Ong
Ideal Residency is one of the affordable condominiums in Ideal Property Group's Island Glades township in Gelugor, with more than 1,200 three-bedroom homes of about 850–928 sq ft.
Prices sit well below the island average, and furnished homes let for roughly RM1,850–2,200 a month, mostly to people working at USM, the Gelugor hospitals and in Bayan Lepas.
Because it's an affordable-housing product, check whether the unit you like carries buyer eligibility rules or a resale moratorium before you plan around it. It's well below Penang Island's RM1M minimum for foreign buyers, so it's for Malaysian buyers only.
Available Listings
No listings currently on file. Zac may have off-market units available.
Ask Zac about availabilityWhy buy an Ideal Residency 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
Island Glades's noise levels, traffic, neighbour mix, and JMC quality are known quantities at Ideal Residency.
Established maintenance
The building has a track record. Ask for the management accounts, sinking fund balance and recent meeting minutes before you commit.
How Ideal Residency is priced within Island Glades
At roughly RM459 psf, Ideal Residency sits toward the value end of Island Glades's condo band (RM459–568 psf). That usually reflects building age, floor level, or distance from the area's prime frontage — worth checking which, because the first two are negotiable and the third is not.
Building age
2 years
Completed 2024
This band is derived from the 3 tracked condo projects we hold PSF data for in Island Glades — indicative only, not a published transaction range. Compare against the Penang Price Index for areas with fuller benchmark data. Unit-level pricing varies with floor, view and renovation; ask Zac for the actual transacted comparables in this building.
The Ideal Residency 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.
Ideal Residency price 2026
What Ideal Residency trades at on the sub-sale market, last checked 2026-10-09.
| Asking from | RM390,000+ |
| PSF | RM459 |
| Built-up | 850 sqft |
| Completed | 2024 |
| Units | 1,218 |
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.
Recent prices. Launch price. No reliable current asking range found in October 2026; three-bedrooms of about 926 sq ft were listed for rent around RM2,000 a month.
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.
Ideal Residency for sale & for rent
Asking rents at Ideal Residency ran from about RM1,850–2,200 a month in September–October 2026, for three-bedroom homes of about 850–928 sq ft. Rents depend on the floor, view and furnishing, so message Zac for what is actually available to buy or rent today.
Ideal Residency key facts
- Developer
- Ideal Capital Venture Sdn. Bhd. (Ideal Property Group)
- Area
- Island Glades, Penang
- Type
- condominium
- Tenure
- freehold · residential
- Completed
- 2024
- Total units
- 1218
- Asking PSF
- RM459
- Price from
- RM 390K
Island Glades — area snapshot
Price range
RM 428K – RM 428K
asking prices in area
Active projects
0
selling or under construction
Subsale condos
1
completed projects
Total tracked
2
properties in this area
Other projects in Island Glades
Other projects in Island Glades
The only other project we track here.
- Ideal Venice ResidencyRM428K
Ideal Residency subsale — common questions
What is the price of Ideal Residency?
Launch price. No reliable current asking range found in October 2026; three-bedrooms of about 926 sq ft were listed for rent around RM2,000 a month.
Is Ideal Residency freehold or leasehold?
Ideal Residency is freehold, on a residential title. Those are two separate facts and only the first usually appears in marketing.
Can a foreigner buy at Ideal Residency?
Not at current prices. Penang Island sets a RM1,000,000 minimum for foreign buyers of strata property and no unit here clears it, so Ideal Residency is open to Malaysian and PR buyers only.
How much is the rent at Ideal Residency?
Asking rents ran from RM1,850 to RM2,200 a month in September–October 2026, for three-bedroom homes of about 850–928 sq ft. These are asking rents on the main property portals, not signed leases. Short-term holiday letting isn't allowed in condos on Penang Island, so think in one- or two-year tenancies.
When was Ideal Residency completed?
Ideal Residency was completed in 2024 by Ideal Capital Venture Sdn. Bhd. (Ideal Property Group), so homes here are bought from existing owners.
How big are the homes at Ideal Residency?
Homes range from about 850 sq ft. There are 1,218 homes in total. With that many, expect plenty of similar units on the market when you come to sell.
Substitutes worth comparing
Open full comparison →Same area family, same property type, similar price band — what most buyers actually cross-shop.