Ayer Itam · Subsale Market
Sunshine Residence Subsale — Ayer Itam, Penang
Current asking prices, floor plans, and what to inspect before signing the SPA. Live subsale shortlist sent direct to your WhatsApp.
Sunshine Residence is a completed leasehold condominium in Ayer Itam, Penang, completed in 2021 by Crimson Omega Sdn. Bhd. (Suiwah Berhad). It has 270 units. Subsale asking prices currently run about RM600 per sq ft (from roughly RM 800K).
Available Listings
No listings currently on file. Zac may have off-market units available.
Ask Zac about availabilityWhy buy a Sunshine Residence subsale (vs a new launch elsewhere)
Immediate occupancy
Move in within 3 months of SPA. No 36-month construction wait.
Verified surroundings
Ayer Itam's noise levels, traffic, neighbour mix, and JMC quality are known quantities at Sunshine Residence.
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 Sunshine Residence 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.
Sunshine Residence key facts
- Developer
- Crimson Omega Sdn. Bhd. (Suiwah Berhad)
- Area
- Ayer Itam, Penang
- Type
- serviced apartment
- Tenure
- leasehold
- Completed
- 2021
- Total units
- 270
- Asking PSF
- RM600
- Price from
- RM 800K
Need the full project profile? Specifications, floor plans, nearby amenities, and Zac's take on Sunshine Residence:
View full Sunshine Residence profile →Ayer Itam — area snapshot
Ayer Itam is a long-established residential area inland, popular for affordability relative to the northern corridor. Home to Penang Hill and Kek Lok Si temple.
Price range
RM 150K – RM 1.9M
asking prices in area
Active projects
1
selling or under construction
Subsale condos
1
completed projects
Total tracked
3
properties in this area
Other projects in Ayer Itam
Sunshine Residence subsale — common questions
Where is Sunshine Residence located?
Sunshine Residence is in Ayer Itam, Penang, developed by Crimson Omega Sdn. Bhd. (Suiwah Berhad) and completed in 2021.
Is Sunshine Residence freehold or leasehold?
Sunshine Residence is leasehold.
How much is a Sunshine Residence unit?
Subsale asking prices at Sunshine Residence start from roughly RM 800K (about RM600 psf), varying by floor, view and renovation. WhatsApp Zac for the current shortlist.
What's the typical asking price for a Sunshine Residence subsale unit?
Subsale asking prices at Sunshine Residence 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 Sunshine Residence a good buy in the subsale market?
Sunshine Residence in Ayer Itam 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 Sunshine Residence?
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 Sunshine Residence 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 Sunshine Residence 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.