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Also known as Lumina Residence · Freehold · Developer: VST joint venture with BSG · Prices are gross and change with unit and floor.
Quick answers
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Monthly
For the smallest unit (1,206 sq ft) at the starting price of RM1,176,450.
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 2 projects in George Town, starting from RM682,870 (Noordinz Suites) up to RM1,176,450 (Lumina Residence). Unit sizes run from 377 to 1,518 sq ft. 2 are due in 2027.
| Project | From | Per sq ft | Sizes | Status |
|---|---|---|---|---|
| Noordinz Suites | RM682,870 | about RM1,811 | 377–603 sq ft | Completing Q3 2027 |
| Lumina Residence (this page) | RM1,176,450 | about RM975 | 1,206–1,518 sq ft | Completing Q4 2027 |
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 Lumina Residence, 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 |
|---|---|---|---|---|---|---|
| Lumina Residence (this project) | – | RM1,176,450 | 1,206 sq ft | RM975 | Freehold | Expected Q4 2027 |
| Noordinz Suites | about 1.7 km | RM682,870 | 377 sq ft | RM1,811 | Freehold | Expected Q3 2027 |
| Avéa | about 2.3 km | RM751,300 | 678 sq ft | RM1,108 | Freehold | Expected 2030 (estimated May 2030) |
| Maris | about 2.4 km | RM904,000 | 979 sq ft | RM923 | Freehold | Expected Q4 2029 |
| The Lume | about 3.0 km | RM2,250,000 | 1,722 sq ft | RM1,307 | Freehold | Expected Q1 2029 |
Of these 5 projects, Lumina Residence has the 4th-lowest starting price and the 2nd-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
The address is Pykett Avenue, Georgetown, 10400 Penang. Measured in a straight line, Giant Hypermarket is at about 330 m and Penang Plaza at about 350 m, while the campus of UOW Malaysia KDU Penang University College is at about 240 m.
Freehold, on a site of approx. 3.3 acres, and the homes will be on a residential title rather than a commercial one.
Our records list RM1,176,450 for the lowest-priced unit and RM1,730,750 for the highest, about RM975 psf overall.
Six types, each with 3 bedrooms and 2 bathrooms. By size: Type D 1,206 sq ft, Type C 1,216 sq ft, Type D1 1,324 sq ft, Type B 1,346 sq ft, Type B1 1,432 sq ft and Type A 1,518 sq ft.
Completion is expected in Q4 2027. The project is under construction.
The developer is VST joint venture with BSG.
There are 596 units in two towers of 44 storeys. Each tower floor has nine units, and each tower has four lifts.
The estimate is RM0.35 per sq ft, including the sinking fund.
Each unit comes with two to three car parks. One of them has a plug point that can take an EV charger; electricity for charging is subject to management.
Yes. Penang's minimum price for foreigners buying island strata property is RM1,000,000, and the cheapest unit here is RM1,176,450, so every unit qualifies on price. The purchase still needs approval by the State Authority.
Three items. First, the state application fee: RM10,000 per title, as Lumina Residence carries a residential title; a lawyer files the application. Second, the levy, due within 30 days of approval: 1.5% when the unit costs between RM1,000,000 and RM1,500,000, or 3% when it costs more than RM1,500,000. Third, a holding rule rather than a charge: a foreign owner cannot resell within the first 3 years after the SPA. Penang sets RM500,000 for MM2H participants, capped at two units; the MM2H buyer must still reach the higher of this and the programme's own property minimum.
Going by its record, Lumina Residence suits families who need three bedrooms or more (layouts go up to 1,518 sq ft); foreign buyers (it starts above Penang island's RM1,000,000 minimum for a foreign buyer of a strata home); buyers watching monthly costs (maintenance is RM0.35 per sq ft, below the RM0.40 median of the projects we track).
The projects closest to this one on the things buyers actually compare.