Gelugor · Subsale Market
Pearl Regency Subsale — Gelugor, Penang
Current asking prices, floor plans, and what to inspect before signing the SPA. Live subsale shortlist sent direct to your WhatsApp.
Pearl Regency is a completed freehold condominium in Gelugor, Penang, completed in 2014 by IJM Land. It has 187 units. Subsale asking prices currently run about RM550–600 per sq ft (from roughly RM 723K).
Available Listings
No listings currently on file. Zac may have off-market units available.
Ask Zac about availabilityWhy buy a Pearl Regency subsale (vs a new launch elsewhere)
Immediate occupancy
Move in within 3 months of SPA. No 36-month construction wait.
Verified surroundings
Gelugor's noise levels, traffic, neighbour mix, and JMC quality are known quantities at Pearl Regency.
Established maintenance
Sinking fund history is visible. You can read the last 12 months of JMC minutes before committing.
5 things to check before signing the Pearl Regency SPA
- 1.Sinking fund health — confirm the current balance and whether any special assessment is pending in the next 12 months.
- 2.Last 3 maintenance billings — verify payment is up to date and there are no outstanding dues from the seller.
- 3.JMC minutes (last 12 months) — look for recurring complaints, structural concerns, or planned major works.
- 4.Common-area condition — physically walk the pool deck, lifts, lobbies, gym, and parking ramps. Photo anything concerning for negotiation leverage.
- 5.Internal pipes + electrical — for buildings 10+ years old, ask for a recent plumbing inspection report. Pipe replacement is a five-figure capex you don't want to discover post-VP.
Pearl Regency key facts
- Developer
- IJM Land
- Area
- Gelugor, Penang
- Type
- condominium
- Tenure
- freehold
- Completed
- 2014
- Total units
- 187
- Asking PSF
- RM550–600
- Price from
- RM 723K
Need the full project profile? Specifications, floor plans, nearby amenities, and Zac's take on Pearl Regency:
View full Pearl Regency profile →Gelugor — area snapshot
Full area guide →Gelugor is a central island location close to USM and the Light Waterfront. Infrastructure is established, and The Light Waterfront development has lifted profile significantly.
Price range
RM 550K – RM 2.1M
asking prices in area
Active projects
5
selling or under construction
Subsale condos
5
completed projects
Total tracked
12
properties in this area
Pearl Regency subsale — common questions
Where is Pearl Regency located?
Pearl Regency is in Gelugor, Penang, developed by IJM Land and completed in 2014.
Is Pearl Regency freehold or leasehold?
Pearl Regency is freehold.
How much is a Pearl Regency unit?
Subsale asking prices at Pearl Regency start from roughly RM 723K (about RM550–600 psf), varying by floor, view and renovation. WhatsApp Zac for the current shortlist.
What's the typical asking price for a Pearl Regency subsale unit?
Subsale asking prices at Pearl Regency vary by unit floor, view, and renovation level. The most accurate current figures come from active listings — WhatsApp Zac for the live shortlist with prices and floor plans for available units.
Is Pearl Regency a good buy in the subsale market?
Pearl Regency in Gelugor is a completed building, which means immediate occupancy, verifiable neighbour quality, established maintenance fees, and a known JMC track record. The case for subsale here is no construction risk and a proven location — versus paying a new-launch premium for an unbuilt unit.
What should I check before signing a subsale SPA at Pearl Regency?
Five things to verify: (1) sinking fund health and any pending special assessments, (2) last 3 maintenance billings and how strict collection is, (3) JMC meeting minutes for the last 12 months, (4) common-area condition (pool, lifts, lobbies), (5) structural age of internal pipes (especially for buildings 10+ years old). Ask the listing agent to provide these as part of the offer process.
Can foreigners buy a Pearl Regency subsale unit?
Yes, subject to Penang state minimums (RM 1,000,000 for stratified properties on Penang Island; RM 600,000 on the mainland) and state consent (typically 2-4 months processing). MM2H holders are treated the same as other foreign buyers for property purchase rules.
How long does a subsale purchase at Pearl Regency take?
Typical timeline: 2-3 weeks from offer acceptance to SPA signing, then 3 months to completion (90-day SPA period). Faster than a new launch because no construction wait. Plan for stamp duty + legal fees (~3-4% of purchase price) at completion.
More on the neighbourhood:
Gelugor 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.