Bukit Jambul Β· Subsale Market
Terraces Condominium Subsale β Bukit Jambul, Penang
Current asking prices, floor plans, and what to inspect before signing the SPA. Live subsale shortlist sent direct to your WhatsApp.
Terraces Condominium is a completed leasehold condominium in Bukit Jambul, Penang, completed in 2024 by IJM Land. It has 410 units. Subsale asking prices currently run about RM621β659 per sq ft (from roughly RM 590K).
Price at a glance
Prices as at September 2026 β Subsale asking prices basis. Last checked 2026-08-11.
| Unit type | Size (sqft) | Price from | PSF from |
|---|---|---|---|
| 3BR | 925β950 | RM531,000 | ~RM559 |
Available Listings
No listings currently on file. Zac may have off-market units available.
Ask Zac about availabilityWhy buy a Terraces Condominium subsale (vs a new launch elsewhere)
Immediate occupancy
Move in within 3 months of SPA. No 36-month construction wait.
Verified surroundings
Bukit Jambul's noise levels, traffic, neighbour mix, and JMC quality are known quantities at Terraces Condominium.
Established maintenance
Sinking fund history is visible. You can read the last 12 months of JMC minutes before committing.
How Terraces Condominium is priced within Bukit Jambul
At roughly RM621 psf, Terraces Condominium sits mid-band for Bukit Jambul (RM575β659 psf). This is the range where unit-specific factors β floor, view, renovation, facing β matter more than the address itself when you negotiate.
Building age
2 years
Completed 2024
This band is derived from the 3 tracked condo projects we hold PSF data for in Bukit Jambul β indicative only, not a published transaction range. Compare against the Penang Price Index for areas with fuller benchmark data. Unit-level pricing varies with floor, view and renovation; ask Zac for the actual transacted comparables in this building.
What to inspect before you commit at Terraces Condominium
- 1.Internal pipes and electrical β For buildings past the ten-year mark, ask for a recent plumbing inspection. Full repiping is a five-figure cost you do not want to discover after VP.
- 2.Waterproofing and ceiling stains β Check bathroom floors, balcony thresholds and the ceiling directly under any upstairs wet area. Old stains that were painted over will reappear.
- 3.Lift modernisation status β Lifts have a service life. Ask whether modernisation has been done or is being planned β it is one of the largest special assessments a JMB can raise.
- 4.Original vs renovated layout β Confirm any structural alteration by a previous owner was approved. Unapproved hacking can complicate financing and your own future resale.
- 5.Actual unit orientation β Visit at the time of day you would normally be home. Afternoon west sun in Penang changes both comfort and your electricity bill.
Terraces Condominium price 2026
What Terraces Condominium trades at on the sub-sale market, last checked 2026-08-11.
| Asking from | RM590,000 β RM610,000 |
| PSF | RM621 β 659 |
| Built-up | 925 β 950 sqft |
| Last transacted | RM560,000 Β· RM589 psf |
| Completed | 2024 |
| Units | 410 |
Verified sub-sale asking prices. Asking is not transacted β expect movement between the two.
What it actually sold for. Asking RM590,000-610,000. The last transaction we can see was RM560,000 for a 950 sqft unit on 22 March 2026 β about RM589 psf, and RM30,000 below the cheapest current asking. Open at the transacted figure, not the asking one.
DERIVED from the asking range over the published built-ups, both from the same listing set. Sources differ on the headline rate β irumah gives a recent median of RM640 psf, other aggregators RM580 β so treat this as indicative.
The building is 2 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.
Terraces Condominium for sale & for rent
Looking to buy or rent a unit in Terraces Condominium? 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.
Terraces Condominium key facts
- Developer
- IJM Land
- Area
- Bukit Jambul, Penang
- Type
- condominium
- Tenure
- leasehold
- Completed
- 2024
- Total units
- 410
- Asking PSF
- RM621β659
- Price from
- RM 590K
Need the full project profile? Specifications, floor plans, nearby amenities, and Zac's take on Terraces Condominium:
View full Terraces Condominium profile βBukit Jambul β area snapshot
Bukit Jambul is a well-developed mid-island area near Queensbay Mall. Projects here are popular with locals and mainland workers who commute to the north.
Price range
RM 702K β RM 1.4M
asking prices in area
Active projects
0
selling or under construction
Subsale condos
2
completed projects
Total tracked
3
properties in this area
Other projects in Bukit Jambul
Other projects in Bukit Jambul
All 2 others we track here, cheapest first β all trading sub-sale.
- Jambul HeightsRM702K
- TrehausRM1.4M
Terraces Condominium subsale β common questions
What is the price of Terraces Condominium?
Asking RM590,000-610,000. The last transaction we can see was RM560,000 for a 950 sqft unit on 22 March 2026 β about RM589 psf, and RM30,000 below the cheapest current asking. Open at the transacted figure, not the asking one.
Is Terraces Condominium freehold or leasehold?
Terraces Condominium is leasehold. 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 Terraces Condominium?
Not at current prices. Penang Island sets a RM1,000,000 minimum for foreign buyers and no unit here clears it, so Terraces Condominium is open to Malaysian and PR buyers only.
When was Terraces Condominium completed?
Terraces Condominium completed in 2024, developed by IJM Land. Units here trade sub-sale.
How big are the units at Terraces Condominium?
Built-ups run 925 to 950 sq ft. There are 410 units in total.
Substitutes worth comparing
Open full comparison βSame area family, same property type, similar price band β what most buyers actually cross-shop.