Island Glades · Subsale Market
Ideal Venice Residency Subsale — 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 Venice Residency is a completed leasehold condominium in Island Glades, Penang, completed in 2026 by Ideal Capital Venture Sdn. Bhd. (Ideal Property Group). It has 1632 units. It launched from around RM 373K in 2022 — 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 — Post-completion transacted prices basis. Last checked 2026-07-20.
| Unit type | Size (sqft) | Price from | PSF from |
|---|---|---|---|
| 1-2BR | 850 | RM300,000 | ~RM353 |
Available Listings
No listings currently on file. Zac may have off-market units available.
Ask Zac about availabilityWhy buy a Ideal Venice 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 Venice Residency.
Established maintenance
Sinking fund history is visible. You can read the last 12 months of JMC minutes before committing.
How Ideal Venice Residency is priced within Island Glades
At roughly RM494 psf, Ideal Venice Residency sits mid-band for Island Glades (RM353–568 psf). This is the range where unit-specific factors — floor, view, renovation, facing — matter more than the address itself when you negotiate.
Building age
0 years
Completed 2026
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.
What to inspect before you commit at Ideal Venice Residency
- 1.Internal pipes and electrical — For buildings past the ten-year mark, ask for a recent plumbing inspection. Full repiping is a five-figure cost you do not want to discover after VP.
- 2.Waterproofing and ceiling stains — Check bathroom floors, balcony thresholds and the ceiling directly under any upstairs wet area. Old stains that were painted over will reappear.
- 3.Lift modernisation status — Lifts have a service life. Ask whether modernisation has been done or is being planned — it is one of the largest special assessments a JMB can raise.
- 4.Original vs renovated layout — Confirm any structural alteration by a previous owner was approved. Unapproved hacking can complicate financing and your own future resale.
- 5.Actual unit orientation — Visit at the time of day you would normally be home. Afternoon west sun in Penang changes both comfort and your electricity bill.
Ideal Venice Residency price 2026
What Ideal Venice Residency trades at on the sub-sale market, last checked 2026-07-20.
| Asking from | RM373,000+ |
| PSF | RM494 – 568 |
| Built-up | 850 sqft |
| Completed | 2026 |
| Units | 1,632 |
Post-completion transacted range. Asking is not transacted — expect movement between the two.
Handed over this year. There is no resale track record yet, so any asking price here is a seller's hope rather than a market rate. The defects liability period is still running — get the developer's defect list and check what has been rectified before you take over the liability.
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 Venice Residency for sale & for rent
Looking to buy or rent a unit in Ideal Venice Residency? 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.
Ideal Venice Residency key facts
- Developer
- Ideal Capital Venture Sdn. Bhd. (Ideal Property Group)
- Area
- Island Glades, Penang
- Type
- condominium
- Tenure
- leasehold
- Completed
- 2026
- Total units
- 1632
- Asking PSF
- RM494–568
- Price from
- RM 373K
Need the full project profile? Specifications, floor plans, nearby amenities, and Zac's take on Ideal Venice Residency:
View full Ideal Venice Residency profile →Island Glades — area snapshot
Price range
RM 390K – RM 390K
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 ResidencyRM390K
Ideal Venice Residency subsale — common questions
What is the price of Ideal Venice Residency?
Ideal Venice Residency runs RM373,000 and up. That is the post-completion transacted range. That works out to about RM494–568 per square foot. Checked 2026-07-20.
Is Ideal Venice Residency freehold or leasehold?
Ideal Venice Residency is leasehold. We do not hold the land title class on record — confirm it with the developer, because a commercial title changes your utility tariffs and loan margin.
Can a foreigner buy at Ideal Venice Residency?
Not at current prices. Penang Island sets a RM1,000,000 minimum for foreign buyers and no unit here clears it, so Ideal Venice Residency is open to Malaysian and PR buyers only.
When was Ideal Venice Residency completed?
Ideal Venice Residency completed in 2026, developed by Ideal Capital Venture Sdn. Bhd. (Ideal Property Group). Units here trade sub-sale.
How big are the units at Ideal Venice Residency?
Built-ups run 850 sq ft. There are 1,632 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 →Same area family, same property type, similar price band — what most buyers actually cross-shop.