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Freehold · Developer: EXSIM WATERFRONT SDN. BHD. · Prices are gross and change with unit and floor.
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Monthly
For the smallest unit (484 sq ft) at the starting price of RM820,100.
An illustration, not a quote. Banks' published reference home-loan rates ranged from about 4.1% to 5.2% in September 2026, and the margin and tenure you get depend on the bank and on you. Stamp duty on the loan agreement is 0.5% of your loan. Work it out for another unit →
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We track 4 projects in Gelugor, starting from RM820,100 (Keeperz Suites) up to RM2,055,000 (Lightwater Residences). Unit sizes run from 484 to 3,186 sq ft. 3 are due between 2029 and 2030.
| Project | From | Per sq ft | Sizes | Status |
|---|---|---|---|---|
| Keeperz Suites (this page) | RM820,100 | about RM1,694 | 484–581 sq ft | Completing Q4 2030 |
| The Capehauz | RM859,000 | about RM1,227 | 700–947 sq ft | To be confirmed |
| The Lighthauz | RM864,500 | about RM1,181 | 732–1,001 sq ft | Completing 2030 |
| Lightwater Residences | RM2,055,000 | about RM1,784 | 1,152–3,186 sq ft | Completing Q1 2029 |
Per sq ft is the starting price divided by the smallest unit — a rough guide, not a quoted rate.
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vs Lightwater Residencesvs Noordinz Suitesvs The Capehauzvs The Lighthauz
The 4 projects on our list closest to Keeperz Suites, by straight-line distance. Price per square foot is the starting price divided by the smallest layout.
| Project | Distance | From | Smallest unit | Per sq ft | Tenure | Completion |
|---|---|---|---|---|---|---|
| Keeperz Suites (this project) | – | RM820,100 | 484 sq ft | RM1,694 | Freehold | Expected Q4 2030 |
| The Lighthauz | about 0.1 km | RM864,500 | 732 sq ft | RM1,181 | Freehold | Expected 2030 |
| The Capehauz | about 0.1 km | RM859,000 | 700 sq ft | RM1,227 | Freehold | Not yet announced |
| Lightwater Residences | about 0.5 km | RM2,055,000 | 1,152 sq ft | RM1,784 | Freehold | Expected Q1 2029 |
| Noordinz Suites | about 4.2 km | RM682,870 | 377 sq ft | RM1,811 | Freehold | Expected Q3 2027 |
Of these 5 projects, Keeperz Suites has the 2nd-lowest starting price and the 3rd-lowest price per square foot.
Prices are gross starting prices as published by each developer and change by unit and floor.
Information last updated: 22 October 2026
On PT 224, Seksyen 8, Bandar George Town, in Gelugor, Penang, beside the Lim Chong Eu Expressway and on the same plot as The Lighthauz. Lotus's is about 370 m away and Udini Square about 480 m, measured in a straight line.
Freehold, on 2.14 acres, with a commercial title issued under the Housing Development Act (HDA).
Prices run from RM820,100 to RM1,005,900, or RM1,646.13 to RM1,802.89 psf gross.
Two sizes. Type A (A1, A1a and A1b with mirrored versions) is 484 sq ft: two bedrooms, two bathrooms. Type B (B1 and B1a with mirrored versions) is 581 sq ft and dual key: two lockable sections, each with a bedroom, pantry and bathroom.
This new launch has an estimated VP date of Q4 2030, 48 months after the APDL was obtained.
EXSIM WATERFRONT SDN. BHD., which is also building The Lighthauz on the same plot.
There are 493 units in two 21-floor towers. Tower A has about 21 units a floor on Levels 5-10 and about 11 on Levels 11-20; Tower B has about 23 on Levels 5-8 and about 15 on Levels 9-19. Every tower is served by a service lift and three passenger lifts.
RM0.94 psf including the sinking fund, reduced to RM0.48 psf during the first two years.
364 car parks in total, including 5 OKU bays, for 493 units. There are fewer bays than units, so confirm whether the unit you choose comes with one.
Only at the very top of the range. A foreigner may not buy island strata in Penang for less than RM1,000,000, and State Authority approval is required each time. Keeperz Suites spans RM820,100 to RM1,005,900, so a foreign buyer is limited to the few suites whose price reaches RM1,000,000; everything cheaper is for Malaysian buyers.
The application is lodged by a lawyer. A commercial title carries a fee of RM20,000 per title. For a price from RM1,000,000 up to RM1,500,000 the levy rate is 1.5% (3% applies only above RM1,500,000, higher than any price here), payable within 30 days after approval. A foreign owner has to keep the suite for at least 3 years from the SPA date before reselling. For MM2H participants Penang's line is RM500,000 (no more than two units), though an MM2H buyer still has to meet the higher of the state minimum and the MM2H programme's own minimum.
The projects closest to this one on the things buyers actually compare.