Jelutong · Subsale Market
Urban Suites Subsale — Jelutong, Penang
Current asking prices, Zac's honest take, and what to check before you buy. Ask for the current shortlist on WhatsApp.
Urban Suites is a completed freehold condominium in Jelutong, Penang by Cosmopolitan Homes. It has 596 units. Subsale asking prices currently run about RM664–1063 per sq ft (from roughly RM 498K). Note: it sits on commercial title, so utilities may be billed at commercial rates.
Price at a glance
Prices as at November 2026 — Subsale asking prices basis. Last checked 2026-10-12.
| Unit type | Size (sqft) | Price from | PSF from |
|---|---|---|---|
| All units | 630–863 | RM498,000 | RM664 |
Zac’s Take
Zac Ong
Start with the title, because it decides everything else. Urban Suites carries commercial land title, which means commercial utility tariffs, a commercial assessment bill, and usually a lower loan margin than a residential-titled condominium at the same price. Cosmopolitan Homes built the 596-unit serviced apartment in Jelutong. Units are compact throughout — 630 to 863 sqft, no large family layouts anywhere in the range — and 2026 listings ran from about RM498,000 to RM690,000, with renovated and high-floor units at the top. Density is real: 596 households sharing one admittedly generous facilities deck. Everything sits below the RM1,000,000 island floor, so foreign purchasers are excluded and this trades entirely to Malaysians and PRs. It works for a single professional or a couple who want to be close to E-Gate and Queensbay, and for a landlord chasing the young-tenant market. It is not the right building for a family needing three real bedrooms, nor for a buyer who wants residential title and the cheaper running costs attached to it.
Available Listings
No listings currently on file. Zac may have off-market units available.
Ask Zac about availabilityWhy buy an Urban Suites 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
Jelutong's noise levels, traffic, neighbour mix, and JMC quality are known quantities at Urban Suites.
Established maintenance
The building has a track record. Ask for the management accounts, sinking fund balance and recent meeting minutes before you commit.
How Urban Suites is priced within Jelutong
At roughly RM664 psf, Urban Suites sits mid-band for Jelutong (RM540–900 psf). This is the range where unit-specific factors — floor, view, renovation, facing — matter more than the address itself when you negotiate.
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.
Before you sign at Urban Suites — 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.
Urban Suites price 2026
What Urban Suites trades at on the sub-sale market, last checked 2026-10-12.
| Asking from | RM498,000 – RM690,000 |
| PSF | RM664 – 1063 |
| Built-up | 630 – 863 sqft |
| Units | 596 |
Verified sub-sale asking prices. Asking is not transacted — expect movement between the two.
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.
Urban Suites for sale & for rent
Asking rents at Urban Suites ran from about RM2,200–3,200 a month in September–October 2026, for 630 sq ft two-bedroom and 836 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.
Urban Suites key facts
- Developer
- Cosmopolitan Homes
- Area
- Jelutong, Penang
- Type
- serviced apartment
- Tenure
- freehold · commercial
- Total units
- 596
- Asking PSF
- RM664–1063
- Price from
- RM 498K
Jelutong — area snapshot
Full area guide →Jelutong is a densely populated central-island area. New projects here target first-time buyers and investors rather than the luxury segment, with relatively accessible entry prices.
Price range
RM 400K – RM 969K
asking prices in area
Active projects
6
selling or under construction
Subsale condos
3
completed projects
Total tracked
10
properties in this area
Other projects in Jelutong
All 9 others we track here, cheapest first — 6 of them still selling.
- Artis 3RM400K
- Twin StarRM438K
- Grace HarmonyRM480K
- Maritime SignatureRM500K
- 3 ResidenceRM650K
- Central ResidenceRM650K
- Setia Sky VilleRM710K
- Alton SkyvillasRM899K
- Setia SV2RM969K
Urban Suites subsale — common questions
What is the price of Urban Suites?
Urban Suites runs RM498,000 to RM690,000. These are verified sub-sale asking prices, not transacted figures — expect movement between the two. That works out to about RM664–1,063 per square foot. Checked 2026-10-12.
Is Urban Suites freehold or leasehold?
Urban Suites is freehold, on a commercial title. Those are two separate facts and only the first usually appears in marketing. A commercial title means commercial utility and assessment tariffs, and a tighter loan margin at most banks.
Can a foreigner buy at Urban Suites?
Yes, if you are on MM2H. MM2H participants can buy residential property in Penang from RM500,000 (up to two homes), and Urban Suites 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 Urban Suites?
Asking rents ran from RM2,200 to RM3,200 a month in September–October 2026, for 630 sq ft two-bedroom and 836 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.
How big are the homes at Urban Suites?
Homes range from about 630 to 863 sq ft. There are 596 homes in total.
More on the neighbourhood:
Jelutong 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.