Bayan Lepas · Subsale Market
The Amarene Subsale — Bayan Lepas, Penang
Current asking prices, Zac's honest take, and what to check before you buy. Ask for the current shortlist on WhatsApp.
The Amarene is a completed freehold condominium in Bayan Lepas, Penang, completed in 2021 by Ideal Property Group. It has 410 units. Subsale asking prices currently run about RM570–680 per sq ft (from roughly RM 620K).
Price at a glance
Prices as at November 2026 — Subsale asking prices basis. Last checked 2026-10-09.
| Unit type | Size (sqft) | Price from | PSF from |
|---|---|---|---|
| All units | 1,100–1,200 | RM620,000 | RM570 |
Zac’s Take
Zac Ong
Every unit here lands between 1,100 and 1,200 sqft. That one narrow band tells you who The Amarene was built for — the family that wants three bedrooms in Bayan Lepas and nothing bigger or smaller — and it is equally the limitation: no downsizing option, no trophy layout, and on resale you are one of 410 nearly identical propositions. Ideal Property Group completed it in 2021 inside Ideal Vision Park, freehold, with asking psf between RM570 and RM680 and entry near RM630,000, which keeps it under the RM1 million threshold foreign buyers have to clear on Penang Island. I would put it in front of an FIZ-employed family buying to live in, or a landlord letting to exactly that tenant.
Available Listings
No listings currently on file. Zac may have off-market units available.
Ask Zac about availabilityWhy buy a The Amarene 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
Bayan Lepas's noise levels, traffic, neighbour mix, and JMC quality are known quantities at The Amarene.
Established maintenance
The building has a track record. Ask for the management accounts, sinking fund balance and recent meeting minutes before you commit.
How The Amarene is priced within Bayan Lepas
At roughly RM570 psf, The Amarene sits toward the value end of Bayan Lepas's condo band (RM440–1100 psf). That usually reflects building age, floor level, or distance from the area's prime frontage — worth checking which, because the first two are negotiable and the third is not.
Building age
5 years
Completed 2021
PSF bands are area-level indicative ranges from our own tracking, cross-checked against NAPIC/JPPH and Brickz transaction data — see the Penang Price Index. 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 The Amarene
- 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.
The Amarene price 2026
What The Amarene trades at on the sub-sale market, last checked 2026-10-09.
| Asking from | RM620,000 – RM730,000 |
| PSF | RM570 – 680 |
| Built-up | 1,100 – 1,200 sqft |
| Completed | 2021 |
| Units | 410 |
Verified sub-sale asking prices. Asking is not transacted — expect movement between the two.
Recent prices. 2026 listings about RM620,000–730,000 for 1,100–1,200 sq ft three-bedrooms (roughly RM585–595 per sq ft).
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.
The Amarene for sale & for rent
Asking rents at The Amarene ran from about RM1,300–2,400 a month in September–October 2026, from 350 sq ft studios to 1,100 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.
The Amarene key facts
- Developer
- Ideal Property Group
- Area
- Bayan Lepas, Penang
- Type
- mixed
- Tenure
- freehold
- Completed
- 2021
- Total units
- 410
- Asking PSF
- RM570–680
- Price from
- RM 620K
Bayan Lepas — area snapshot
Full area guide →Bayan Lepas is the island's industrial and tech hub, home to the Free Trade Zone and Penang International Airport. Condo demand comes primarily from professionals working in the area.
Price range
RM 315K – RM 930K
asking prices in area
Active projects
5
selling or under construction
Subsale condos
9
completed projects
Total tracked
15
properties in this area
Other projects in Bayan Lepas
All 14 others we track here, cheapest first — 5 of them still selling.
- Tropicana Bay ResidencesRM315K
- Avion ResidenceRM342K
- One ForestaRM395K
- London PavilionRM418K
- Forest VilleRM420K
- Havana Beach ResidencesRM450K
- Maldives ResidencesRM498K
- Solaria ResidencesRM500K
- Tree SparinaRM540K
- SummerSkye ResidencesRM597K
- Lucerne ResidencesRM599K
- Goodwood ResidenceRM678K
- SENZE @ PICCRM705K
- Tierra ResidencesRM930K
The Amarene subsale — common questions
What is the price of The Amarene?
2026 listings about RM620,000–730,000 for 1,100–1,200 sq ft three-bedrooms (roughly RM585–595 per sq ft).
Is The Amarene freehold or leasehold?
The Amarene is freehold. 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 The Amarene?
Yes, if you are on MM2H. MM2H participants can buy residential property in Penang from RM500,000 (up to two homes), and The Amarene 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 The Amarene?
Asking rents ran from RM1,300 to RM2,400 a month in September–October 2026, from 350 sq ft studios to 1,100 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 The Amarene completed?
The Amarene was completed in 2021 by Ideal Property Group, so homes here are bought from existing owners.
How big are the homes at The Amarene?
Homes range from about 1,100 to 1,200 sq ft. There are 410 homes in total.
Who developed The Amarene?
The Amarene was developed by Ideal Property Group.
More on the neighbourhood:
Bayan Lepas area guide — schools, transport, PSF, lifestyle scorecard →Substitutes worth comparing
Open full comparison →Same area family, same property type, similar price band — what most buyers actually cross-shop.