Bayan Lepas Β· Subsale Market
SummerSkye Residences Subsale β Bayan Lepas, Penang
Current asking prices, floor plans, and what to inspect before signing the SPA. Live subsale shortlist sent direct to your WhatsApp.
SummerSkye Residences is a completed freehold condominium in Bayan Lepas, Penang, completed in 2018 by Ideal Property Group. It has 585 units. It launched from around RM 598K in 2015 β that is the launch price, not a current resale figure. WhatsApp Zac for live asking prices.
Price at a glance
Prices as at September 2026 β Developer launch prices basis. Last checked 2026-07-20. A negotiation floor, not what it trades at today.
| Unit type | Size (sqft) | Price from | PSF from |
|---|---|---|---|
| All units | 1,100β1,200 | RM598,000 | RM535 |
Available Listings
No listings currently on file. Zac may have off-market units available.
Ask Zac about availabilityWhy buy a SummerSkye Residences subsale (vs a new launch elsewhere)
Immediate occupancy
Move in within 3 months of SPA. No 36-month construction wait.
Verified surroundings
Bayan Lepas's noise levels, traffic, neighbour mix, and JMC quality are known quantities at SummerSkye Residences.
Established maintenance
Sinking fund history is visible. You can read the last 12 months of JMC minutes before committing.
How SummerSkye Residences is priced within Bayan Lepas
At roughly RM535 psf, SummerSkye Residences sits mid-band for Bayan Lepas (RM400β750 psf). This is the range where unit-specific factors β floor, view, renovation, facing β matter more than the address itself when you negotiate.
Area gross yield
~5.2%
Typical for Bayan Lepas condos
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 β 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 SummerSkye Residences pre-purchase checklist
- 1.Remaining lease (if leasehold) β 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 β Your lawyer should run a full land search for caveats, charges or restrictions in interest before you release any deposit.
- 3.Genuine transacted comparables β 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 β Model your RPGT before you buy, not when you sell. Holding period changes the maths substantially, especially for foreign owners.
- 5.Vacant possession terms β Agree in writing what stays β air-conditioners, built-ins, curtains, lights. Fixture disputes at handover are entirely avoidable.
SummerSkye Residences price 2026
What SummerSkye Residences trades at on the sub-sale market, last checked 2026-07-20.
| Asking from | RM598,000+ |
| PSF | RM535 β 560 |
| Built-up | 1,100 β 1,200 sqft |
| Completed | 2018 |
| Units | 585 |
Developer launch price. This is what the developer charged at launch, not what the building trades at today. Treat it as a floor for negotiation, not a guide to current value.
The building is 8 years old. Still young. The defects liability period has long expired, so anything outstanding is now the management corporationβs problem and, through the sinking fund, partly yours. Check what was actually rectified.
Every unit here sits below the RM1M foreign-buyer minimum, so this building is open to Malaysian and PR buyers only.
Selling rather than buying? The RPGT rates and the 21B retention decide what you keep β and if you are near the five-to-six-year line, the date matters more than the price.
SummerSkye Residences for sale & for rent
Looking to buy or rent a unit in SummerSkye Residences? Asking prices and rents move with the market and with the specific unit β floor, facing, condition β so rather than quote a stale number, message Zac for the current listings and a straight read on what is realistic today.
SummerSkye Residences key facts
- Developer
- Ideal Property Group
- Area
- Bayan Lepas, Penang
- Type
- mixed
- Tenure
- freehold
- Completed
- 2018
- Total units
- 585
- Asking PSF
- RM535β560
- Price from
- RM 598K
Need the full project profile? Specifications, floor plans, nearby amenities, and Zac's take on SummerSkye Residences:
View full SummerSkye Residences profile βBayan Lepas β area snapshot
Full area guide βBayan Lepas is the island's industrial and tech hub, home to the Free Trade Zone and Penang International Airport. Condo demand comes primarily from professionals working in the area.
Price range
RM 315K β RM 1.2M
asking prices in area
Active projects
5
selling or under construction
Subsale condos
9
completed projects
Total tracked
15
properties in this area
Other projects in Bayan Lepas
All 14 others we track here, cheapest first β 5 of them still selling.
- Tropicana Bay ResidencesRM315K
- Avion ResidenceRM342K
- One ForestaRM375K
- Havana Beach ResidencesRM400K
- London PavilionRM418K
- Forest VilleRM450K
- Solaria ResidencesRM480K
- Tree SparinaRM486K
- Maldives ResidencesRM498K
- The AmareneRM630K
- Lucerne ResidencesRM664K
- Goodwood ResidenceRM678K
- SENZE @ PICCRM705K
- Tierra ResidencesRM1.2M
SummerSkye Residences subsale β common questions
What is the price of SummerSkye Residences?
SummerSkye Residences runs RM598,000 and up. That is the developer launch price, not what the building trades at today. Treat it as a floor for negotiation. That works out to about RM535β560 per square foot. Checked 2026-07-20.
Is SummerSkye Residences freehold or leasehold?
SummerSkye Residences is freehold. We do not hold the land title class on record β confirm it with the developer, because a commercial title changes your utility tariffs and loan margin.
Can a foreigner buy at SummerSkye Residences?
Not at current prices. Penang Island sets a RM1,000,000 minimum for foreign buyers and no unit here clears it, so SummerSkye Residences is open to Malaysian and PR buyers only.
When was SummerSkye Residences completed?
SummerSkye Residences completed in 2018, developed by Ideal Property Group. Units here trade sub-sale.
How big are the units at SummerSkye Residences?
Built-ups run 1,100 to 1,200 sq ft. There are 585 units in total.
Who developed SummerSkye Residences?
SummerSkye Residences was developed by Ideal Property Group.
More on the neighbourhood:
Bayan Lepas area guide β schools, transport, PSF, lifestyle scorecard βSubstitutes worth comparing
Open full comparison βSame area family, same property type, similar price band β what most buyers actually cross-shop.