Bukit Jambul · Subsale Market
Terraces Condominium Subsale — Bukit Jambul, Penang
Current asking prices, Zac's honest take, and what to check before you buy. Ask for the current shortlist on 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 RM621–659 per sq ft (from roughly RM 530K).
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 |
|---|---|---|---|
| 3BR | 925–950 | RM531,000 | ~RM574 |
Zac’s Take
Zac Ong
The Terraces is IJM Land's 34-storey condominium in Bukit Jambul, completed in 2024, with 410 three-bedroom homes of about 925–950 sq ft.
Listings in September 2026 ran from about RM530,000 to RM568,000. That makes it one of the more affordable new buildings near Bayan Lepas, with a developer name buyers know.
The things to weigh: it's leasehold, and every unit is the same size, so you'll compete with many similar listings when you sell or let. It suits first-time buyers and Bayan Lepas workers who want a new home at a sensible price. It's below the RM1M foreign-buyer minimum, so it's for Malaysian buyers.
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 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
Bukit Jambul's noise levels, traffic, neighbour mix, and JMC quality are known quantities at Terraces Condominium.
Established maintenance
The building has a track record. Ask for the management accounts, sinking fund balance and recent meeting minutes before you commit.
How Terraces Condominium is priced within Bukit Jambul
At roughly RM621 psf, Terraces Condominium sits mid-band for Bukit Jambul (RM575–659 psf). This is the range where unit-specific factors — floor, view, renovation, facing — 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 — 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 — 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 — 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 — Lifts have a service life. Ask whether modernisation has been done or is being planned — it is one of the largest special assessments a JMB can raise.
- 4.Original vs renovated layout — Confirm any structural alteration by a previous owner was approved. Unapproved hacking can complicate financing and your own future resale.
- 5.Actual unit orientation — 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 2026-10-04.
| Asking from | RM530,000 – RM568,000 |
| PSF | RM621 – 659 |
| Built-up | 925 – 950 sqft |
| Last transacted | RM560,000 · RM589 psf |
| Completed | 2024 |
| Units | 410 |
Verified sub-sale asking prices. Asking is not transacted — expect movement between the two.
Recent prices. Asking RM590,000-610,000. The last transaction we can see was RM560,000 for a 950 sqft unit on 22 March 2026 — 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 — irumah gives a recent median of RM640 psf, other aggregators RM580 — 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 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.
Terraces Condominium for sale & for rent
Asking rents at Terraces Condominium ran from about RM1,800–2,300 a month in September–October 2026, for three-bedroom homes of about 925–950 sq ft. Rents depend on the floor, view and furnishing, so message Zac for what is actually available to buy or rent today.
Terraces Condominium key facts
- Developer
- IJM Land
- Area
- Bukit Jambul, Penang
- Type
- condominium
- Tenure
- leasehold
- Completed
- 2024
- Total units
- 410
- Asking PSF
- RM621–659
- Price from
- RM 530K
Bukit Jambul — 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 600K – RM 905K
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 — all trading sub-sale.
- Jambul HeightsRM600K
- TrehausRM905K
Terraces Condominium subsale — 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 — 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. 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 Terraces Condominium?
Yes, if you are on MM2H. MM2H participants can buy residential property in Penang from RM500,000 (up to two homes), and Terraces Condominium 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 Terraces Condominium?
Asking rents ran from RM1,800 to RM2,300 a month in September–October 2026, for three-bedroom homes of about 925–950 sq ft. 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 Terraces Condominium completed?
Terraces Condominium was completed in 2024 by IJM Land, so homes here are bought from existing owners.
How big are the homes at Terraces Condominium?
Homes range from about 925 to 950 sq ft. There are 410 homes in total.
Substitutes worth comparing
Open full comparison →Same area family, same property type, similar price band — what most buyers actually cross-shop.