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Freehold · Developer: Jaringan Simfoni Sdn Bhd · Prices are gross and change with unit and floor.
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Monthly
For the smallest unit (1,152 sq ft) at the starting price of RM2,055,000.
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 →
Compare
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 | 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 (this page) | 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.
The 4 projects on our list closest to Lightwater Residences, 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 |
|---|---|---|---|---|---|---|
| Lightwater Residences (this project) | – | RM2,055,000 | 1,152 sq ft | RM1,784 | Freehold | Expected Q1 2029 |
| The Capehauz | about 0.4 km | RM859,000 | 700 sq ft | RM1,227 | Freehold | Not yet announced |
| Keeperz Suites | about 0.5 km | RM820,100 | 484 sq ft | RM1,694 | Freehold | Expected Q4 2030 |
| The Lighthauz | about 0.5 km | RM864,500 | 732 sq ft | RM1,181 | Freehold | Expected 2030 |
| Noordinz Suites | about 4.7 km | RM682,870 | 377 sq ft | RM1,811 | Freehold | Expected Q3 2027 |
Of these 5 projects, Lightwater Residences has the 5th-lowest starting price and the 4th-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
Inside The Light City, 11700 Gelugor, on Penang island's eastern shoreline, looking out to the Penang Bridge. Klinik Desa Sungai Gelugor is roughly 510 m away and Lotus's around 790 m, measured in a straight line.
Yes. It is freehold, on 2.87 acres, with a residential title under the Housing Development Act.
RM2,055,000 up to RM3,515,000, approximately RM1,784 psf.
Two-bedroom Types A, A1 and A2 of 1,152 square feet; three-bedroom Types B and B3 (1,410), B2 (1,561) and B1 (1,572); a 3+1 Type C of 1,690; 4+1 Types D1 and D2 of 2,454; and 5+1 Types E1 and E2 of 3,186 square feet. Every home has a balcony and a private lift lobby.
Completion is targeted for Q1 2029. The project is under construction.
Jaringan Simfoni Sdn Bhd, part of IJM Perennial Development.
Five per floor, with 262 homes over 34 floors. Lifts per tower: five for passengers and two for firefighting; every home also has its own lift lobby.
An estimated RM0.53 per sq ft, plus a 10% sinking fund.
Types A, A1 and A2: 2-3 car parks; Types B1, B2, B3 and C: 3-4; Types D1, D2, E1 and E2: 4. Every unit also comes with one locker.
Yes, any unit. Penang requires a foreign buyer of island strata to pay at least RM1,000,000, and the lowest price here is RM2,055,000. State Authority approval is still needed for each purchase.
The application is made through a lawyer, with a fee of RM10,000 per title because the title is residential. With every price above RM1,500,000, a 3% levy applies, settled within 30 days after approval. The foreign owner then has to wait 3 years from the SPA before any resale. Penang's figure for MM2H participants is RM500,000 for up to two units, but an MM2H buyer is bound by whichever is larger: that state figure or the MM2H programme's own minimum.
Going by its record, Lightwater Residences suits families who need three bedrooms or more (layouts go up to 3,186 sq ft); foreign buyers (it starts above Penang island's RM1,000,000 minimum for a foreign buyer of a strata home). It is less suited to anyone who needs to move in before 2029 (the developer's expected completion year).
The projects closest to this one on the things buyers actually compare.