Ayer Itam · Subsale Market
Sunshine Residence Subsale — Ayer Itam, Penang
Current asking prices, Zac's honest take, and what to check before you buy. Ask for the current shortlist on WhatsApp.
Sunshine Residence is a completed leasehold condominium in Ayer Itam, Penang, completed in 2023 by Crimson Omega Sdn. Bhd. (Suiwah Berhad). It has 270 units. Subsale asking prices start from roughly RM 650K.
Price at a glance
Prices as at November 2026 — Subsale asking prices basis. Last checked 2026-10-04.
| Unit type | Size (sqft) | Price from | PSF from |
|---|---|---|---|
| All units | 400–1,900 | RM650,000 | ~RM1,625 |
Zac’s Take
Zac Ong
Sunshine Residence is the residential tower of Sunshine Central in Bandar Baru Ayer Itam (Farlim), developed by a subsidiary of Suiwah Corporation and completed in 2023, later than its original 2021 target. It's a single 39-storey block of 270 homes, sitting on top of the Sunshine Central mall.
In late 2026, three-bedroom homes were listed at around RM650,000–770,000 and four-bedroom homes at about RM1.05M–1.09M, with sizes from roughly 1,300 to 1,900 sq ft. Having the mall downstairs is the big draw for families who want daily shopping on the doorstep.
Two things to know: it's leasehold, which matters for long-term resale, and it's serviced-apartment stock, so check how utilities and loans are charged. Only the larger four-bedroom homes reach Penang Island's RM1M foreign-buyer minimum.
Reviews and comparisons
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 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
Ayer Itam's noise levels, traffic, neighbour mix, and JMC quality are known quantities at Sunshine Residence.
Established maintenance
The building has a track record. Ask for the management accounts, sinking fund balance and recent meeting minutes before you commit.
Before you sign at Sunshine Residence — the commercial-title checks
- 1.Utility tariff in practice — Commercial title usually means commercial TNB and water rates. Ask current owners what they actually pay monthly, not what the brochure implies.
- 2.Financing margin — Some banks cap loan-to-value lower on commercial-title residential units. Get an in-principle approval before you pay a booking fee.
- 3.Short-stay house rules — Serviced-apartment does not automatically mean Airbnb is allowed. Read the current house rules — management can and does restrict short-stay letting.
- 4.Resale buyer pool — Commercial title narrows who can buy from you later. Make sure the entry price reflects that, not just the location.
- 5.Maintenance rate per sq ft — Compare the psf maintenance charge against nearby residential-title blocks. On big units the annual gap is meaningful.
Sunshine Residence price 2026
What Sunshine Residence trades at on the sub-sale market, last checked 2026-10-04.
| Asking from | RM650,000 – RM1.09M |
| Built-up | 400 – 1,900 sqft |
| Completed | 2023 |
| Units | 270 |
Verified sub-sale asking prices. Asking is not transacted — expect movement between the two.
The building is 3 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 by the larger units, though not at the entry price. 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.
Sunshine Residence for sale & for rent
Asking rents at Sunshine Residence ran from about RM1,400–4,000 a month in September–October 2026, from about 400 sq ft studios to 1,162 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.
Sunshine Residence key facts
- Developer
- Crimson Omega Sdn. Bhd. (Suiwah Berhad)
- Area
- Ayer Itam, Penang
- Type
- serviced apartment
- Tenure
- leasehold
- Completed
- 2023
- Total units
- 270
- Price from
- RM 650K
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 1.4M – RM 1.4M
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
Other projects in Ayer Itam
All 2 others we track here, cheapest first — 1 of them still selling.
Sunshine Residence subsale — common questions
What is the price of Sunshine Residence?
Sunshine Residence runs RM650,000 to RM1,090,000. These are verified sub-sale asking prices, not transacted figures — expect movement between the two. Checked 2026-10-04.
Is Sunshine Residence freehold or leasehold?
Sunshine Residence is leasehold. 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 Sunshine Residence?
Yes, on the larger units. Penang Island sets a RM1,000,000 minimum for foreign buyers of strata property, which the entry price does not clear. MM2H participants have a lower minimum of RM500,000 (residential, up to two homes), which opens the cheaper units too. Add the state levy, a flat 8% stamp duty, and 3–4 months for state consent.
How much is the rent at Sunshine Residence?
Asking rents ran from RM1,400 to RM4,000 a month in September–October 2026, from about 400 sq ft studios to 1,162 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 Sunshine Residence completed?
Sunshine Residence was completed in 2023 by Crimson Omega Sdn. Bhd. (Suiwah Berhad), so homes here are bought from existing owners.
How big are the homes at Sunshine Residence?
Homes range from about 400 to 1,900 sq ft. There are 270 homes in total.