Gelugor · Subsale Market
Pearl Regency Subsale — Gelugor, Penang
Current asking prices, Zac's honest take, and what to check before you buy. Ask for the current shortlist on WhatsApp.
Pearl Regency is a completed freehold condominium in Gelugor, Penang, completed in 2013 by IJM Land. It has 574 units. Subsale asking prices currently run about RM625–913 per sq ft (from roughly RM 790K).
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 | 985–2,131 | RM790,000 | RM625 |
Zac’s Take
Zac Ong
Pearl Regency is IJM Land's freehold condominium on Lebuh Tunku Kudin in Gelugor: two 35-storey blocks with 574 homes (387 in Block A and 187 in Block B), completed in 2013, with three- and four-bedroom layouts of about 1,313 to 2,131 sq ft.
2026 listings ran from about RM790,000 to RM1.28M. For island freehold of this size, that's good value, which is why it belongs on a family shortlist.
Most units are below the RM1M island foreign-buyer minimum, so it's mainly for Malaysians and PRs; check the specific unit if you're a foreign buyer.
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 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
Gelugor's noise levels, traffic, neighbour mix, and JMC quality are known quantities at Pearl 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 Pearl Regency is priced within Gelugor
At roughly RM625 psf, Pearl Regency sits toward the value end of Gelugor's condo band (RM630–1750 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
13 years
Completed 2013
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.
What to inspect before you commit at Pearl Regency
- 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.
Pearl Regency price 2026
What Pearl Regency trades at on the sub-sale market, last checked 2026-10-12.
| Asking from | RM790,000 – RM1.28M |
| PSF | RM625 – 913 |
| Built-up | 985 – 2,131 sqft |
| Completed | 2013 |
| Units | 574 |
Verified sub-sale asking prices. Asking is not transacted — expect movement between the two.
Recent prices. 2026 listings about RM790,000–1.28M, most of them 1,300–1,650 sq ft three-bedrooms. Launched at about RM478,000–1.3M (StarProperty).
The building is 13 years old. Old enough that the sinking fund and the state of common property matter more than the finishes. Ask for the MC accounts and the last AGM minutes — arrears across the building are the number that predicts your future maintenance bill.
A foreign buyer can purchase here — the RM1M minimum is cleared by the larger units, though not at the entry price. Add the state levy, a flat 8% stamp duty and 3–4 months for state consent.
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.
Pearl Regency for sale & for rent
Asking rents at Pearl Regency ran from about RM2,700–3,100 a month. Rents depend on the floor, view and furnishing, so message Zac for what is actually available to buy or rent today.
Pearl Regency key facts
- Developer
- IJM Land
- Area
- Gelugor, Penang
- Type
- condominium
- Tenure
- freehold
- Completed
- 2013
- Total units
- 574
- Asking PSF
- RM625–913
- Price from
- RM 790K
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 565K – RM 2.0M
asking prices in area
Active projects
6
selling or under construction
Subsale condos
10
completed projects
Total tracked
17
properties in this area
Other projects in Gelugor
All 16 others we track here, cheapest first — 6 of them still selling.
- Zen6RM565K
- Merione GrandRM693K
- STARK TowerRM700K
- Keeperz SuitesRM844K
- The Light LinearRM850K
- The LighthauzRM890K
- Mezzo @ The Light CityRM1M
- Middleton @ Minden HeightsRM1.08M
- The Light Collection IRM1.3M
- The Light Collection IIRM1.45M
- Merione ResidencesRM1.58M
- The Light Collection IVRM1.73M
- The Light PointRM1.8M
- Vilaris Courtyard HomesRM1.86M
- The Light Collection IIIRM1.9M
- Lightwater ResidencesRM2.05M
Pearl Regency subsale — common questions
What is the price of Pearl Regency?
2026 listings about RM790,000–1.28M, most of them 1,300–1,650 sq ft three-bedrooms. Launched at about RM478,000–1.3M (StarProperty).
Is Pearl Regency freehold or leasehold?
Pearl Regency is freehold. I have not been able to confirm the land title class — check it with the developer, because a commercial title changes your utility tariffs and loan margin.
Can a foreigner buy at Pearl Regency?
Yes, on the larger units. Penang Island sets a RM1,000,000 minimum for foreign buyers of strata property, which the entry price does not clear. MM2H participants have a lower minimum of RM500,000 (residential, up to two homes), which opens the cheaper units too. Add the state levy, a flat 8% stamp duty, and 3–4 months for state consent.
How much is the rent at Pearl Regency?
Asking rents ran from RM2,700 to RM3,100 a month. 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 Pearl Regency completed?
Pearl Regency was completed in 2013 by IJM Land, so homes here are bought from existing owners.
How big are the homes at Pearl Regency?
Homes range from about 985 to 2,131 sq ft. There are 574 homes in total.
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.