Queensbay · Subsale Market
Queens Residences Subsale — Queensbay, Penang
Current asking prices, floor plans, and what to inspect before signing the SPA. Live subsale shortlist sent direct to your WhatsApp.
Queens Residences is a completed freehold condominium in Queensbay, Penang, completed in 2022 by Ideal Property Group. It has 950 units. Subsale asking prices currently run about RM780 per sq ft (from roughly RM 700K).
Available Listings
No listings currently on file. Zac may have off-market units available.
Ask Zac about availabilityWhy buy a Queens Residences subsale (vs a new launch elsewhere)
Immediate occupancy
Move in within 3 months of SPA. No 36-month construction wait.
Verified surroundings
Queensbay's noise levels, traffic, neighbour mix, and JMC quality are known quantities at Queens Residences.
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 Queens Residences 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.
Queens Residences key facts
- Developer
- Ideal Property Group
- Area
- Queensbay, Penang
- Type
- condominium
- Tenure
- freehold
- Completed
- 2022
- Total units
- 950
- Asking PSF
- RM780
- Price from
- RM 700K
Need the full project profile? Specifications, floor plans, nearby amenities, and Zac's take on Queens Residences:
View full Queens Residences profile →Queensbay — area snapshot
Price range
RM 890K – RM 890K
asking prices in area
Active projects
1
selling or under construction
Subsale condos
0
completed projects
Total tracked
2
properties in this area
Other projects in Queensbay
Queens Residences subsale — common questions
Where is Queens Residences located?
Queens Residences is in Queensbay, Penang, developed by Ideal Property Group and completed in 2022.
Is Queens Residences freehold or leasehold?
Queens Residences is freehold.
How much is a Queens Residences unit?
Subsale asking prices at Queens Residences start from roughly RM 700K (about RM780 psf), varying by floor, view and renovation. WhatsApp Zac for the current shortlist.
What's the typical asking price for a Queens Residences subsale unit?
Subsale asking prices at Queens Residences 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 Queens Residences a good buy in the subsale market?
Queens Residences in Queensbay 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 Queens Residences?
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 Queens Residences 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 Queens Residences 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.
Substitutes worth comparing
Open full comparison →Same area family, same property type, similar price band — what most buyers actually cross-shop.