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. It launched from around RM 800K in 2017 — 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 — 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 | 1,300–1,900 | RM800,000 | RM600 |
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.
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 2026-07-20.
| Asking from | RM800,000+ |
| PSF | RM600 |
| Built-up | 1,300 – 1,900 sqft |
| Completed | 2021 |
| Units | 270 |
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 5 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.
Sunshine Residence for sale & for rent
Looking to buy or rent a unit in Sunshine Residence? Asking prices and rents move with the market and with the specific unit — floor, facing, condition — so rather than quote a stale number, message Zac for the current listings and a straight read on what is realistic today.
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 1.9M – 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
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 RM800,000 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 RM600 per square foot. Checked 2026-07-20.
Is Sunshine Residence freehold or leasehold?
Sunshine Residence is leasehold. We do not hold the land title class on record — confirm it with the developer, because a commercial title changes your utility tariffs and loan margin.
Can a foreigner buy at Sunshine Residence?
Not at current prices. Penang Island sets a RM1,000,000 minimum for foreign buyers and no unit here clears it, so Sunshine Residence is open to Malaysian and PR buyers only.
When was Sunshine Residence completed?
Sunshine Residence completed in 2021, developed by Crimson Omega Sdn. Bhd. (Suiwah Berhad). Units here trade sub-sale.
How big are the units at Sunshine Residence?
Built-ups run 1,300 to 1,900 sq ft. There are 270 units in total.