Island Glades Β· Subsale Market
Ideal Residency Subsale β Island Glades, Penang
Current asking prices, floor plans, and what to inspect before signing the SPA. Live subsale shortlist sent direct to your 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 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 | 850 | RM390,000 | RM353 |
Available Listings
No listings currently on file. Zac may have off-market units available.
Ask Zac about availabilityWhy buy a Ideal Residency subsale (vs a new launch elsewhere)
Immediate occupancy
Move in within 3 months of SPA. No 36-month construction wait.
Verified surroundings
Island Glades's noise levels, traffic, neighbour mix, and JMC quality are known quantities at Ideal Residency.
Established maintenance
Sinking fund history is visible. You can read the last 12 months of JMC minutes before committing.
How Ideal Residency is priced within Island Glades
At roughly RM353 psf, Ideal Residency sits toward the value end of Island Glades's condo band (RM353β568 psf). That usually reflects building age, floor level, or distance from the area's prime frontage β 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 β 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) β 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 β Your lawyer should run a full land search for caveats, charges or restrictions in interest before you release any deposit.
- 3.Genuine transacted comparables β 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 β Model your RPGT before you buy, not when you sell. Holding period changes the maths substantially, especially for foreign owners.
- 5.Vacant possession terms β Agree in writing what stays β 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 2026-07-20.
| Asking from | RM390,000+ |
| PSF | RM353 |
| 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.
The building is 2 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.
Ideal Residency for sale & for rent
Looking to buy or rent a unit in Ideal Residency? 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.
Ideal Residency key facts
- Developer
- Ideal Capital Venture Sdn. Bhd. (Ideal Property Group)
- Area
- Island Glades, Penang
- Type
- condominium
- Tenure
- freehold Β· residential
- Completed
- 2024
- Total units
- 1218
- Asking PSF
- RM353
- Price from
- RM 390K
Need the full project profile? Specifications, floor plans, nearby amenities, and Zac's take on Ideal Residency:
View full Ideal Residency profile βIsland Glades β area snapshot
Price range
RM 373K β RM 373K
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 ResidencyRM373K
Ideal Residency subsale β common questions
What is the price of Ideal Residency?
Ideal Residency runs RM390,000 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 RM353 per square foot. Checked 2026-07-20.
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 and no unit here clears it, so Ideal Residency is open to Malaysian and PR buyers only.
When was Ideal Residency completed?
Ideal Residency completed in 2024, developed by Ideal Capital Venture Sdn. Bhd. (Ideal Property Group). Units here trade sub-sale.
How big are the units at Ideal Residency?
Built-ups run 850 sq ft. There are 1,218 units in total. At that density, expect to compete with a lot of near-identical units when you sell.
Substitutes worth comparing
Open full comparison βSame area family, same property type, similar price band β what most buyers actually cross-shop.