Bayan Lepas · Subsale Market
SummerSkye Residences Subsale — Bayan Lepas, Penang
Current asking prices, Zac's honest take, and what to check before you buy. Ask for the current shortlist on WhatsApp.
SummerSkye Residences is a completed freehold condominium in Bayan Lepas, Penang, completed in 2018 by Ideal Property Group. It has 585 units. Subsale asking prices currently run about RM535–560 per sq ft (from roughly RM 597K).
Price at a glance
Prices as at November 2026 — Subsale asking prices basis. Last checked 2026-10-09.
| Unit type | Size (sqft) | Price from | PSF from |
|---|---|---|---|
| All units | 1,100–1,200 | RM597,000 | RM535 |
Zac’s Take
Zac Ong
Five hundred and eighty-five units is a lot of building, and it is the first thing I would weigh. What makes SummerSkye Residences work anyway is that Ideal put retail on the ground floor — SummerSkye Square is on site — so daily errands do not require the car, which is not true of most Bayan Lepas condos. Freehold, completed 2018, entry around RM598,000 at RM535 to RM560 psf, layouts 1,100 to 1,200 sqft. The density shows up in two places: lift waits at peak hour, and resale competition, because when a dozen owners list the same plan in the same quarter, the cheapest listing sets the price for everyone. With entry under RM1 million, foreign buyers are excluded and demand is entirely domestic. Look elsewhere if you want exclusivity, a large layout, or a quiet lobby.
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 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 Lepas's noise levels, traffic, neighbour mix, and JMC quality are known quantities at SummerSkye 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 SummerSkye Residences is priced within Bayan Lepas
At roughly RM535 psf, SummerSkye Residences sits toward the value end of Bayan Lepas's condo band (RM440–1100 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
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 SummerSkye 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.
SummerSkye Residences price 2026
What SummerSkye Residences trades at on the sub-sale market, last checked 2026-10-09.
| Asking from | RM597,000 – RM780,000 |
| PSF | RM535 – 560 |
| Built-up | 1,100 – 1,200 sqft |
| Completed | 2018 |
| Units | 585 |
Verified sub-sale asking prices. Asking is not transacted — expect movement between the two.
Recent prices. 2026 asking about RM597,000–780,000 for 1,100–1,200 sq ft three-bedrooms; September listings around RM610,000–655,000.
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.
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 — and if you are near the five-to-six-year line, the date matters more than the price.
SummerSkye Residences for sale & for rent
Asking rents at SummerSkye Residences ran from about RM1,350–2,500 a month in September–October 2026, from 380 sq ft studios to 1,100 sq ft three-bedroom homes. Rents depend on the floor, view and furnishing, so message Zac for what is actually available to buy or rent today.
SummerSkye Residences key facts
- Developer
- Ideal Property Group
- Area
- Bayan Lepas, Penang
- Type
- mixed
- Tenure
- freehold
- Completed
- 2018
- Total units
- 585
- Asking PSF
- RM535–560
- Price from
- RM 597K
Bayan Lepas — area snapshot
Full area guide →Bayan 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 – RM 930K
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 — 5 of them still selling.
- Tropicana Bay ResidencesRM315K
- Avion ResidenceRM342K
- One ForestaRM395K
- London PavilionRM418K
- Forest VilleRM420K
- Havana Beach ResidencesRM450K
- Maldives ResidencesRM498K
- Solaria ResidencesRM500K
- Tree SparinaRM540K
- Lucerne ResidencesRM599K
- The AmareneRM620K
- Goodwood ResidenceRM678K
- SENZE @ PICCRM705K
- Tierra ResidencesRM930K
SummerSkye Residences subsale — common questions
What is the price of SummerSkye Residences?
2026 asking about RM597,000–780,000 for 1,100–1,200 sq ft three-bedrooms; September listings around RM610,000–655,000.
Is SummerSkye Residences freehold or leasehold?
SummerSkye Residences 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 SummerSkye Residences?
Yes, if you are on MM2H. MM2H participants can buy residential property in Penang from RM500,000 (up to two homes), and SummerSkye Residences is priced above that. Other foreign buyers need RM1,000,000 for strata property on the island, which homes here do not reach. Add the state levy, a flat 8% stamp duty, and 3–4 months for state consent.
How much is the rent at SummerSkye Residences?
Asking rents ran from RM1,350 to RM2,500 a month in September–October 2026, from 380 sq ft studios to 1,100 sq ft three-bedroom homes. 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 SummerSkye Residences completed?
SummerSkye Residences was completed in 2018 by Ideal Property Group, so homes here are bought from existing owners.
How big are the homes at SummerSkye Residences?
Homes range from about 1,100 to 1,200 sq ft. There are 585 homes in total.
Who developed SummerSkye Residences?
SummerSkye Residences was developed by Ideal Property Group.
More on the neighbourhood:
Bayan Lepas 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.