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Two home sizes, 1+1 and 2+1, by the Lim Chong Eu Expressway

The Capehauz | Gelugor, Penang

The Capehauz, a freehold new launch from EXSIM and Majestic Gen, stands on the Gelugor waterfront in Penang. Its 596 homes rise over 52 floors and come in two built-up areas, 700 square feet (1+1 bedrooms) and 947 square feet (2+1 bedrooms), each with two bathrooms. Prices are listed at RM859,000 up to RM1,417,200; a completion date has not been announced.
From
RM859,000
Sizes
700 – 947 sq ft
Bedrooms
1+1 – 2+1
Units
596
Completion
Not yet announced

Freehold · Developer: EXSIM · Prices are gross and change with unit and floor.

The Capehauz | Gelugor, Penang

Gelugor, Penang

The Capehauz rooftop pool, artist's impression
The Capehauz is a new launch on the Gelugor waterfront in Penang, alongside the Lim Chong Eu Expressway. EXSIM and Majestic Gen are developing 596 freehold homes on 52 floors, with 15 units on a typical floor. The choice is simple: 700 square feet with 1+1 bedrooms (the A types) or 947 square feet with 2+1 bedrooms (the B and C types), and two bathrooms in all of them. Codes with a 1 have a balcony and codes with a 2 do not. The A homes suit a single owner or a couple; the 947 square foot homes give a small family or a home office a third room. Buyers who need three full bedrooms will not find them here, and anyone tied to a fixed move-in date should note that no completion year, land title or land area has been published yet. Gross prices run between RM859,000 and RM1,417,200, or from RM1,227.14 psf up to RM1,496.52 psf. A foreigner buying strata on Penang island must pay at least RM1,000,000 and obtain State Authority approval, so only the units here at RM1,000,000 or more are open to them.
Project Details
Development
The Capehauz @ Gelugor
Developer
EXSIM, Majestic Gen
Land Title
Land Area
Tenure
Freehold
No. of Towers
Total Units
596 units
Total Floors
52
Total Unit Per Floor
15
Lifts Per Floor
Unit Size
Type A1 / A1(M) / A1a / A1a(M) | 700 sq.ft. | 1+1 Bedroom, Balcony
Type A2 / A2(M) / A2a / A2a(M) | 700 sq.ft. | 1+1 Bedroom, No Balcony
Type B1 / B1a / C1 / C1(M) | 947 sq.ft. | 2+1 Bedroom, Balcony
Type B2 / B2a / C2 / C2(M) | 947 sq.ft. | 2+1 Bedroom, No Balcony

Key Facts About The Capehauz

Two home sizes in sixteen type codes, car parks that differ by type, and pools on the top floor, on a freehold site whose handover date is still to come.

Two Sizes, Sixteen Codes

Every home measures either 700 or 947 square feet. The sixteen type codes differ only in balcony, mirroring and position on the floor, so once you settle on a size, compare floor level and the balcony option rather than room count.

Car Parks Depend on Type

B and C types are allocated two single bays, while A types have two single bays or else a single tandem bay. In a tandem bay one car blocks the other, so check which arrangement your unit has before booking.

15 Units on a Floor

A typical floor carries 15 units across 52 floors and 596 homes. The number of lifts has not been released, so how busy the lift lobby will be cannot be judged yet; ask for the lift count before choosing a floor.

Rooftop Pools

Level 52, the highest floor, holds the Celestial Pool, Cloud Lagoon and a children's pool, with a games hub and sky lounge one level below. The Level 9 podium adds a gym, multipurpose hall, half basketball court, study lounge, playground and urban farm.

Clinic About 380 m Away

Straight-line measurements put Klinik Desa Sungai Gelugor roughly 380 m from the site, the Lotus's hypermarket about 390 m and Udini Square some 500 m, so a clinic, groceries and a mall are all close by.

Freehold, Date to Come

The land is freehold. No completion year or construction period has been released, so a buyer who must move in or hand over by a fixed date should wait for the official schedule before committing.

Type

A1 / A1(M)

700 sq.ft.
1+1 Bedroom, 2 Bathroom, Balcony
The Capehauz floor plan, Type A1 / A1(M), 700 sq ft

Type

A1a / A1a(M)

700 sq.ft.
1+1 Bedroom, 2 Bathroom, Balcony
The Capehauz floor plan, Type A1a / A1a(M), 700 sq ft

Type

A2 / A2(M)

700 sq.ft.
1+1 Bedroom, 2 Bathroom, No Balcony
The Capehauz floor plan, Type A2 / A2(M), 700 sq ft

Type

B1 / B1a

947 sq.ft.
2+1 Bedroom, 2 Bathroom, Balcony
The Capehauz floor plan, Type B1 / B1a, 947 sq ft

Type

B2 / B2a

947 sq.ft.
2+1 Bedroom, 2 Bathroom, No Balcony
The Capehauz floor plan, Type B2 / B2a, 947 sq ft

Type

C1 / C1(M)

947 sq.ft.
2+1 Bedroom, 2 Bathroom, Balcony
The Capehauz floor plan, Type C1 / C1(M), 947 sq ft

Type

C2 / C2(M)

947 sq.ft.
2+1 Bedroom, 2 Bathroom, No Balcony
The Capehauz floor plan, Type C2 / C2(M), 947 sq ft

Quick answers

The Capehauz at a glance

How much is The Capehauz?
From RM859,000 (gross), for the smallest units around 700 sq ft.
When is the completion date?
Not stated in the project record yet.
Freehold or leasehold?
Freehold.
What sizes are there?
700 to 947 sq ft.
Floor plans and brochure?
The layouts are further down this page; ask us on WhatsApp for the full brochure.

For the latest price list and available units, WhatsApp +60 10-827 8932.

Monthly

Roughly what it costs each month

For the smallest unit (700 sq ft) at the starting price of RM859,000.

Loan repayment
about RM3,660
90% loan, 35 years, 4.5% a year
Together
about RM3,660
before utilities and insurance

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

Every Gelugor project we track

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.

ProjectFromPer sq ftSizesStatus
Keeperz SuitesRM820,100about RM1,694484–581 sq ftCompleting Q4 2030
The Capehauz (this page)RM859,000about RM1,227700–947 sq ftTo be confirmed
The LighthauzRM864,500about RM1,181732–1,001 sq ftCompleting 2030
Lightwater ResidencesRM2,055,000about RM1,7841,152–3,186 sq ftCompleting Q1 2029

Per sq ft is the starting price divided by the smallest unit — a rough guide, not a quoted rate.

Where The Capehauz Sits

The Capehauz is in Gelugor, right by the Lim Chong Eu Expressway on the Penang waterfront, with the Penang Bridge and Penang International Airport both reached along that road. The future LRT Mutiara Line plans its Penang Waterfront station (S15) nearby, and The Light City, The Waterfront Shoppes, the Penang Waterfront Convention Centre and a waterfront promenade are also in the area. Measured in a straight line from the site, the nearest places are Klinik Desa Sungai Gelugor (roughly 380 m), the Lotus’s hypermarket (about 390 m), Udini Square (some 500 m) and Institut Pendidikan Guru Kampus Pulau Pinang (near 750 m). Further out are Taman Bukit Dumbar Timur at about 930 m, Glugor Klinik at about 1.1 km and two schools, SK Sungai Gelugor and SJK (C) Phei Shin, each about 1.4 km off. The George Town heritage area and Kek Lok Si Temple in Air Itam are also within reach by road.
The Capehauz location map, Gelugor

Ask About The Capehauz

Send us a message for the price of a specific type, its car-park arrangement and floor plan, and any update on the completion date and land title.

How The Capehauz compares nearby

The 4 projects on our list closest to The Capehauz, by straight-line distance. Price per square foot is the starting price divided by the smallest layout.

ProjectDistanceFromSmallest unitPer sq ftTenureCompletion
The Capehauz (this project)–RM859,000700 sq ftRM1,227FreeholdNot yet announced
Keeperz Suitesabout 0.1 kmRM820,100484 sq ftRM1,694FreeholdExpected Q4 2030
The Lighthauzabout 0.1 kmRM864,500732 sq ftRM1,181FreeholdExpected 2030
Lightwater Residencesabout 0.4 kmRM2,055,0001,152 sq ftRM1,784FreeholdExpected Q1 2029
Noordinz Suitesabout 4.3 kmRM682,870377 sq ftRM1,811FreeholdExpected Q3 2027

Of these 5 projects, The Capehauz has the 3rd-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.

Frequently asked questions

Information last updated: 22 October 2026

Where is The Capehauz?

In Gelugor on Penang island, beside the Lim Chong Eu Expressway on the waterfront. The Lotus's hypermarket is about 390 m away, measured in a straight line.

Is The Capehauz freehold?

Yes. The tenure is freehold; the land title and land area have not been published yet.

What is the price range at The Capehauz?

Between RM859,000 and RM1,417,200, or RM1,227.14 psf up to RM1,496.52 psf gross.

What sizes and layouts does The Capehauz have?

The A types (A1, A1a, A2, A2a, each also in a mirrored M version) are 700 square feet with 1+1 bedrooms. The B types (B1, B1a, B2, B2a) and C types (C1, C2 and their M versions) are 947 square feet with 2+1 bedrooms. All have two bathrooms; codes with a 1 have a balcony.

When will The Capehauz be completed?

Not announced yet. The project is a new launch and no completion year or construction period has been released.

Which developer is behind The Capehauz?

EXSIM together with Majestic Gen.

How dense is The Capehauz?

596 homes on 52 floors, with 15 units on a typical floor. The lift count has not been released.

What car parks come with a unit?

Two single bays for every B and C type; A types have two single bays or else a single tandem bay, depending on the unit.

Can foreigners buy at The Capehauz?

Yes, at RM1,000,000 or more. Penang's minimum for a foreign buyer of island strata is RM1,000,000, and each purchase requires State Authority approval. With prices between RM859,000 and RM1,417,200, the units at or above that figure qualify and the cheaper ones are for Malaysians.

What does a foreign buyer pay the state at The Capehauz?

A lawyer submits the application. The fee depends on the land title, which is not stated yet: RM10,000 per title for a residential title, RM20,000 for a commercial one. Every qualifying unit here falls in the RM1,000,000–RM1,500,000 band, where the levy rate is 1.5% (above RM1,500,000 it is 3%); payment is due within 30 days of approval. Once bought, a unit cannot be sold by its foreign owner for 3 years from the SPA. For MM2H participants Penang draws the line at RM500,000 (two units at most), yet MM2H buyers still need whichever figure is higher, the state's minimum or the minimum set by the MM2H programme itself.

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