Bayan Mutiara · Subsale Market
QuayWest Residence Subsale — Bayan Mutiara, Penang
Current asking prices, Zac's honest take, and what to check before you buy. Ask for the current shortlist on WhatsApp.
QuayWest Residence is a completed freehold condominium in Bayan Mutiara, Penang, completed in 2022 by Asia Green Group. It has 1235 units. Subsale asking prices currently run about RM578–816 per sq ft (from roughly RM 620K). Note: it sits on commercial title, so utilities may be billed at commercial rates.
Price at a glance
Prices as at November 2026 — Subsale asking prices basis. Last checked 2026-10-04.
| Unit type | Size (sqft) | Price from | PSF from |
|---|---|---|---|
| All units | 760–1,819 | RM620,000 | RM578 |
Zac’s Take
Zac Ong
QuayWest Residence is Asia Green Group's large freehold development in Bayan Mutiara, completed in 2022, with 1,235 homes close to Queensbay Mall and the island's south-east coast.
Asking prices in 2026 ran from about RM620,000 to RM1.36M for homes of 760 to 1,819 sq ft, roughly RM580–820 per sq ft, with duplex units at the top of the range.
The key point is the title: QuayWest sits on commercial title, so utilities may be charged at commercial rates and some banks lend less. It suits buyers working in Bayan Lepas who want a newer building near the mall. Only units priced at RM1M or more are open to foreign buyers.
Reviews and comparisons
Available Listings
No listings currently on file. Zac may have off-market units available.
Ask Zac about availabilityWhy buy a QuayWest Residence 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
Bayan Mutiara's noise levels, traffic, neighbour mix, and JMC quality are known quantities at QuayWest Residence.
Established maintenance
The building has a track record. Ask for the management accounts, sinking fund balance and recent meeting minutes before you commit.
How QuayWest Residence is priced within Bayan Mutiara
At roughly RM578 psf, QuayWest Residence sits toward the value end of Bayan Mutiara's condo band (RM488–816 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
4 years
Completed 2022
This band is derived from the 5 tracked condo projects we hold PSF data for in Bayan Mutiara — 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.
Before you sign at QuayWest Residence — the commercial-title checks
- 1.Utility tariff in practice — Commercial title usually means commercial TNB and water rates. Ask current owners what they actually pay monthly, not what the brochure implies.
- 2.Financing margin — Some banks cap loan-to-value lower on commercial-title residential units. Get an in-principle approval before you pay a booking fee.
- 3.Short-stay house rules — Serviced-apartment does not automatically mean Airbnb is allowed. Read the current house rules — management can and does restrict short-stay letting.
- 4.Resale buyer pool — Commercial title narrows who can buy from you later. Make sure the entry price reflects that, not just the location.
- 5.Maintenance rate per sq ft — Compare the psf maintenance charge against nearby residential-title blocks. On big units the annual gap is meaningful.
QuayWest Residence price 2026
What QuayWest Residence trades at on the sub-sale market, last checked 2026-10-04.
| Asking from | RM620,000 – RM1.36M |
| PSF | RM578 – 816 |
| Built-up | 760 – 1,819 sqft |
| Completed | 2022 |
| Units | 1,235 |
Verified sub-sale asking prices. Asking is not transacted — expect movement between the two.
The building is 4 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.
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.
QuayWest Residence for sale & for rent
Asking rents at QuayWest Residence ran from about RM2,000–3,500 a month in September–October 2026, for typical two- to four-bedroom homes; larger units list higher. Rents depend on the floor, view and furnishing, so message Zac for what is actually available to buy or rent today.
QuayWest Residence key facts
- Developer
- Asia Green Group
- Area
- Bayan Mutiara, Penang
- Type
- condominium
- Tenure
- freehold · commercial
- Completed
- 2022
- Total units
- 1235
- Asking PSF
- RM578–816
- Price from
- RM 620K
Bayan Mutiara — area snapshot
Full area guide →Price range
RM 420K – RM 600K
asking prices in area
Active projects
2
selling or under construction
Subsale condos
1
completed projects
Total tracked
4
properties in this area
Other projects in Bayan Mutiara
Other projects in Bayan Mutiara
All 3 others we track here, cheapest first — 2 of them still selling.
- The ZenRM420K
- Bayan SuiteRM512K
- The PierRM600K
QuayWest Residence subsale — common questions
What is the price of QuayWest Residence?
QuayWest Residence runs RM620,000 to RM1,360,000. These are verified sub-sale asking prices, not transacted figures — expect movement between the two. That works out to about RM578–816 per square foot. Checked 2026-10-04.
Is QuayWest Residence freehold or leasehold?
QuayWest Residence is freehold, on a commercial title. Those are two separate facts and only the first usually appears in marketing. A commercial title means commercial utility and assessment tariffs, and a tighter loan margin at most banks.
Can a foreigner buy at QuayWest Residence?
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 QuayWest Residence?
Asking rents ran from RM2,000 to RM3,500 a month in September–October 2026, for typical two- to four-bedroom homes; larger units list higher. 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 QuayWest Residence completed?
QuayWest Residence was completed in 2022 by Asia Green Group, so homes here are bought from existing owners.
How big are the homes at QuayWest Residence?
Homes range from about 760 to 1,819 sq ft. There are 1,235 homes in total. With that many, expect plenty of similar units on the market when you come to sell.
Who developed QuayWest Residence?
QuayWest Residence was developed by Asia Green Group.
More on the neighbourhood:
Bayan Mutiara 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.