Georgetown · Subsale Market
Shorefront Residences Subsale — Georgetown, Penang
Current asking prices, Zac's honest take, and what to check before you buy. Ask for the current shortlist on WhatsApp.
Shorefront Residences is a completed freehold condominium in Georgetown, Penang, completed in 2018 by YTL Land & Development Bhd. It has 115 units. Subsale asking prices start from roughly RM 2.18M.
Price at a glance
Prices as at November 2026 — Subsale asking prices basis. Last checked 2026-09-14.
| Unit type | Size (sqft) | Price from | PSF from |
|---|---|---|---|
| All units | 1,400–3,400 | RM2.18M | ~RM1,557 |
Zac’s Take
Zac Ong
Shorefront Residences is YTL Land's freehold low-rise seafront development beside the E&O Hotel in George Town, completed 2018: about 115 homes in three blocks, roughly 1,400–3,400 sq ft, a mix of standard apartments and duplexes.
My take: 2026 listings run about RM2.18M to RM3.3M. You're paying for a rare thing, a freehold home on the George Town sea frontage within walking distance of the heritage core. Own-stay first; rents don't justify it as a yield buy. Ask me what's available and which units face the water best.
Reviews and comparisons
Available Listings
No listings currently on file. Zac may have off-market units available.
Ask Zac about availabilityWhy buy a Shorefront Residences 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
Georgetown's noise levels, traffic, neighbour mix, and JMC quality are known quantities at Shorefront Residences.
Established maintenance
The building has a track record. Ask for the management accounts, sinking fund balance and recent meeting minutes before you commit.
How Shorefront Residences is priced within Georgetown
At roughly RM1557 psf, Shorefront Residences prices toward the upper end of Georgetown's condo band (RM740–1810 psf). Expect to justify that with something concrete: sea view, low density, branded management, or a genuinely superior position within the area.
Building age
8 years
Completed 2018
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.
The Shorefront Residences pre-purchase checklist
- 1.Remaining lease (if leasehold) — Ask for the exact expiry year. Banks tighten lending as the remaining term shortens, which affects both your loan and your future buyer's.
- 2.Outstanding charges and caveats — Your lawyer should run a full land search for caveats, charges or restrictions in interest before you release any deposit.
- 3.Genuine transacted comparables — Ask for recent transacted prices in the same block, not asking prices. Asking prices tell you what sellers hope for, not what the market pays.
- 4.Exit tax position — Model your RPGT before you buy, not when you sell. Holding period changes the maths substantially, especially for foreign owners.
- 5.Vacant possession terms — Agree in writing what stays — air-conditioners, built-ins, curtains, lights. Fixture disputes at handover are entirely avoidable.
Shorefront Residences price 2026
What Shorefront Residences trades at on the sub-sale market, last checked 2026-09-14.
| Asking from | RM2.18M – RM3.3M |
| Built-up | 1,400 – 3,400 sqft |
| Completed | 2018 |
| Units | 115 |
Verified sub-sale asking prices. Asking is not transacted — expect movement between the two.
Recent prices. 2026 PropertyGuru listings RM2.18M–2.9M, larger duplexes up to about RM3.3M. Launched at about RM1,300–2,100 psf (EdgeProp). Unit count and built-ups from EdgeProp launch coverage.
The building is 8 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. 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.
Shorefront Residences for sale & for rent
Asking rents at Shorefront Residences ran from about RM5,500–7,500 a month in September–October 2026, for homes of about 1,400–2,750 sq ft. Rents depend on the floor, view and furnishing, so message Zac for what is actually available to buy or rent today.
Shorefront Residences key facts
- Developer
- YTL Land & Development Bhd
- Area
- Georgetown, Penang
- Type
- condominium
- Tenure
- freehold · residential
- Completed
- 2018
- Total units
- 115
- Price from
- RM 2.18M
Georgetown — area snapshot
Full area guide →Georgetown is the UNESCO World Heritage City and Penang's urban core. Heritage shophouses and modern serviced suites coexist; buyer profiles range from heritage lovers to city professionals.
Price range
RM 436K – RM 1.0M
asking prices in area
Active projects
4
selling or under construction
Subsale condos
4
completed projects
Total tracked
9
properties in this area
Other projects in Georgetown
All 8 others we track here, cheapest first — 4 of them still selling.
- Scott @ LoganRM436K
- Mansion OneRM550K
- Tropicana 218 MacalisterRM580K
- 22 MacalisterzRM580K
- G'VintonRM596K
- Noordinz SuitesRM627K
- Beacon Executive SuitesRM700K
- Lumina ResidenceRM1.03M
Shorefront Residences subsale — common questions
What is the price of Shorefront Residences?
2026 PropertyGuru listings RM2.18M–2.9M, larger duplexes up to about RM3.3M. Launched at about RM1,300–2,100 psf (EdgeProp). Unit count and built-ups from EdgeProp launch coverage.
Is Shorefront Residences freehold or leasehold?
Shorefront Residences is freehold, on a residential title. Those are two separate facts and only the first usually appears in marketing.
Can a foreigner buy at Shorefront Residences?
Yes. Penang Island sets a RM1,000,000 minimum for foreign buyers of strata property. Add the state levy, a flat 8% stamp duty, and 3–4 months for state consent.
How much is the rent at Shorefront Residences?
Asking rents ran from RM5,500 to RM7,500 a month in September–October 2026, for homes of about 1,400–2,750 sq ft. 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 Shorefront Residences completed?
Shorefront Residences was completed in 2018 by YTL Land & Development Bhd, so homes here are bought from existing owners.
How big are the homes at Shorefront Residences?
Homes range from about 1,400 to 3,400 sq ft. There are 115 homes in total.
More on the neighbourhood:
Georgetown 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.