Bayan Lepas Β· Subsale Market
Tree Sparina Subsale β Bayan Lepas, Penang
Current asking prices, floor plans, and what to inspect before signing the SPA. Live subsale shortlist sent direct to your WhatsApp.
Tree Sparina is a completed freehold condominium in Bayan Lepas, Penang, completed in 2016 by Ideal Property Group. It has 548 units. It launched from around RM 486K in 2013 β 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 β 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 | 1,130 | RM486,000 | RM500 |
Available Listings
No listings currently on file. Zac may have off-market units available.
Ask Zac about availabilityWhy buy a Tree Sparina subsale (vs a new launch elsewhere)
Immediate occupancy
Move in within 3 months of SPA. No 36-month construction wait.
Verified surroundings
Bayan Lepas's noise levels, traffic, neighbour mix, and JMC quality are known quantities at Tree Sparina.
Established maintenance
Sinking fund history is visible. You can read the last 12 months of JMC minutes before committing.
How Tree Sparina is priced within Bayan Lepas
At roughly RM500 psf, Tree Sparina sits toward the value end of Bayan Lepas's condo band (RM400β750 psf). That usually reflects building age, floor level, or distance from the area's prime frontage β worth checking which, because the first two are negotiable and the third is not.
Area gross yield
~5.2%
Typical for Bayan Lepas condos
Building age
10 years
Completed 2016
PSF bands are area-level indicative ranges from our own tracking, cross-checked against NAPIC/JPPH and Brickz transaction data β see the Penang Price Index. Unit-level pricing varies with floor, view and renovation; ask Zac for the actual transacted comparables in this building.
5 things to check before signing the Tree Sparina SPA
- 1.Sinking fund health β Confirm the current balance and whether any special assessment is pending in the next 12 months. A thin sinking fund on an ageing building means you inherit the bill.
- 2.Last 3 maintenance billings β Verify payment is up to date and no dues are outstanding from the seller β arrears transfer with the unit, not the person.
- 3.JMC minutes (last 12 months) β Look for recurring complaints, structural concerns, or planned major works. This is the single most revealing document most buyers never ask for.
- 4.Common-area condition β Physically walk the pool deck, lifts, lobbies, gym and parking ramps. Photograph anything concerning β it is negotiation leverage.
- 5.Management track record β Ask who manages the building and how long they have held the contract. Frequent turnover of managing agents usually signals a difficult JMB.
Tree Sparina price 2026
What Tree Sparina trades at on the sub-sale market, last checked 2026-07-20.
| Asking from | RM486,000+ |
| PSF | RM500 |
| Built-up | 1,130 sqft |
| Completed | 2016 |
| Units | 548 |
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 10 years old. Old enough that the sinking fund and the state of common property matter more than the finishes. Ask for the MC accounts and the last AGM minutes β arrears across the building are the number that predicts your future maintenance bill.
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.
Tree Sparina for sale & for rent
Looking to buy or rent a unit in Tree Sparina? 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.
Tree Sparina key facts
- Developer
- Ideal Property Group
- Area
- Bayan Lepas, Penang
- Type
- condominium
- Tenure
- freehold
- Completed
- 2016
- Total units
- 548
- Asking PSF
- RM500
- Price from
- RM 486K
Need the full project profile? Specifications, floor plans, nearby amenities, and Zac's take on Tree Sparina:
View full Tree Sparina profile βBayan Lepas β area snapshot
Full area guide βBayan 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 β RM 1.2M
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 β 5 of them still selling.
- Tropicana Bay ResidencesRM315K
- Avion ResidenceRM342K
- One ForestaRM375K
- Havana Beach ResidencesRM400K
- London PavilionRM418K
- Forest VilleRM450K
- Solaria ResidencesRM480K
- Maldives ResidencesRM498K
- SummerSkye ResidencesRM598K
- The AmareneRM630K
- Lucerne ResidencesRM664K
- Goodwood ResidenceRM678K
- SENZE @ PICCRM705K
- Tierra ResidencesRM1.2M
Tree Sparina subsale β common questions
What is the price of Tree Sparina?
Tree Sparina runs RM486,000 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 RM500 per square foot. Checked 2026-07-20.
Is Tree Sparina freehold or leasehold?
Tree Sparina is freehold. 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 Tree Sparina?
Not at current prices. Penang Island sets a RM1,000,000 minimum for foreign buyers and no unit here clears it, so Tree Sparina is open to Malaysian and PR buyers only.
When was Tree Sparina completed?
Tree Sparina completed in 2016, developed by Ideal Property Group. Units here trade sub-sale.
How big are the units at Tree Sparina?
Built-ups run 1,130 sq ft. There are 548 units in total.
Who developed Tree Sparina?
Tree Sparina was developed by Ideal Property Group.
More on the neighbourhood:
Bayan Lepas area guide β schools, transport, PSF, lifestyle scorecard βSubstitutes worth comparing
Open full comparison βSame area family, same property type, similar price band β what most buyers actually cross-shop.