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Freehold · Developer: EXSIM · Prices are gross and change with unit and floor.
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Monthly
For the smallest unit (700 sq ft) at the starting price of RM859,000.
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 (this page) | 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 Keeperz Suitesvs Lightwater Residencesvs Noordinz Suitesvs The Lighthauz
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.
| Project | Distance | From | Smallest unit | Per sq ft | Tenure | Completion |
|---|---|---|---|---|---|---|
| The Capehauz (this project) | – | RM859,000 | 700 sq ft | RM1,227 | Freehold | Not yet announced |
| Keeperz Suites | about 0.1 km | 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 |
| Lightwater Residences | about 0.4 km | RM2,055,000 | 1,152 sq ft | RM1,784 | Freehold | Expected Q1 2029 |
| Noordinz Suites | about 4.3 km | RM682,870 | 377 sq ft | RM1,811 | Freehold | Expected 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.
Information last updated: 22 October 2026
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.
Yes. The tenure is freehold; the land title and land area have not been published yet.
Between RM859,000 and RM1,417,200, or RM1,227.14 psf up to RM1,496.52 psf gross.
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.
Not announced yet. The project is a new launch and no completion year or construction period has been released.
EXSIM together with Majestic Gen.
596 homes on 52 floors, with 15 units on a typical floor. The lift count has not been released.
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.
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.
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.
The projects closest to this one on the things buyers actually compare.