Jelutong Β· Subsale Market
Urban Suites Subsale β Jelutong, Penang
Current asking prices, floor plans, and what to inspect before signing the SPA. Live subsale shortlist sent direct to your WhatsApp.
Urban Suites is a completed freehold condominium in Jelutong, Penang, completed in 2017 by Cosmopolitan Homes. It has 596 units. Subsale asking prices currently run about RM664β1063 per sq ft (from roughly RM 500K). Note: it sits on commercial title, so utilities may be billed at commercial rates.
Price at a glance
Prices as at September 2026 β Subsale asking prices basis. Last checked 2026-07-30.
| Unit type | Size (sqft) | Price from | PSF from |
|---|---|---|---|
| All units | 630β863 | RM500,000 | RM664 |
Available Listings
No listings currently on file. Zac may have off-market units available.
Ask Zac about availabilityWhy buy a Urban Suites subsale (vs a new launch elsewhere)
Immediate occupancy
Move in within 3 months of SPA. No 36-month construction wait.
Verified surroundings
Jelutong's noise levels, traffic, neighbour mix, and JMC quality are known quantities at Urban Suites.
Established maintenance
Sinking fund history is visible. You can read the last 12 months of JMC minutes before committing.
How Urban Suites is priced within Jelutong
At roughly RM664 psf, Urban Suites sits mid-band for Jelutong (RM300β900 psf). This is the range where unit-specific factors β floor, view, renovation, facing β matter more than the address itself when you negotiate.
Area gross yield
~5.5%
Typical for Jelutong condos
Building age
9 years
Completed 2017
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.
Before you sign at Urban Suites β the commercial-title checks
- 1.Utility tariff in practice β 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 β 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 β Serviced-apartment does not automatically mean Airbnb is allowed. Read the current house rules β management can and does restrict short-stay letting.
- 4.Resale buyer pool β 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 β 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 2026-07-30.
| Asking from | RM500,000 β RM700,000 |
| PSF | RM664 β 1063 |
| Built-up | 630 β 863 sqft |
| Completed | 2017 |
| Units | 596 |
Verified sub-sale asking prices. Asking is not transacted β expect movement between the two.
The building is 9 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.
Urban Suites for sale & for rent
Looking to buy or rent a unit in Urban Suites? 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.
Urban Suites key facts
- Developer
- Cosmopolitan Homes
- Area
- Jelutong, Penang
- Type
- serviced apartment
- Tenure
- freehold Β· commercial
- Completed
- 2017
- Total units
- 596
- Asking PSF
- RM664β1063
- Price from
- RM 500K
Need the full project profile? Specifications, floor plans, nearby amenities, and Zac's take on Urban Suites:
View full Urban Suites profile βJelutong β area snapshot
Full area guide βJelutong 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 475K β RM 969K
asking prices in area
Active projects
5
selling or under construction
Subsale condos
4
completed projects
Total tracked
10
properties in this area
Other projects in Jelutong
All 9 others we track here, cheapest first β 5 of them still selling.
- Artis 3RM475K
- Grace HarmonyRM480K
- Maritime SignatureRM500K
- Twin StarRM550K
- Central ResidenceRM650K
- 3 ResidenceRM698K
- Setia Sky VilleRM730K
- Alton SkyvillasRM899K
- Setia SV2RM969K
Urban Suites subsale β common questions
What is the price of Urban Suites?
Urban Suites runs RM500,000 to RM700,000. These are verified sub-sale asking prices, not transacted figures β expect movement between the two. That works out to about RM664β1,063 per square foot. Checked 2026-07-30.
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?
Not at current prices. Penang Island sets a RM1,000,000 minimum for foreign buyers and no unit here clears it, so Urban Suites is open to Malaysian and PR buyers only.
When was Urban Suites completed?
Urban Suites completed in 2017, developed by Cosmopolitan Homes. Units here trade sub-sale.
How big are the units at Urban Suites?
Built-ups run 630 to 863 sq ft. There are 596 units in total.
More on the neighbourhood:
Jelutong 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.