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Freehold · Developer: Eastern & Oriental Berhad · Prices are gross and change with unit and floor.
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Monthly
For the smallest unit (1,722 sq ft) at the starting price of RM2,250,000.
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 3 projects in Andaman Island, starting from RM751,300 (Avéa) up to RM2,250,000 (The Lume). Unit sizes run from 678 to 2,874 sq ft. 3 are due between 2029 and 2030.
| Project | From | Per sq ft | Sizes | Status |
|---|---|---|---|---|
| Avéa | RM751,300 | about RM1,108 | 678–1,076 sq ft | Completing 2030 |
| Maris | RM904,000 | about RM923 | 979–1,356 sq ft | Completing Q4 2029 |
| The Lume (this page) | RM2,250,000 | about RM1,307 | 1,722–2,874 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 The Lume, 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 Lume (this project) | – | RM2,250,000 | 1,722 sq ft | RM1,307 | Freehold | Expected Q1 2029 |
| Maris | about 0.6 km | RM904,000 | 979 sq ft | RM923 | Freehold | Expected Q4 2029 |
| Avéa | about 0.7 km | RM751,300 | 678 sq ft | RM1,108 | Freehold | Expected 2030 (estimated May 2030) |
| Lumina Residence | about 3.0 km | RM1,176,450 | 1,206 sq ft | RM975 | Freehold | Expected Q4 2027 |
| Noordinz Suites | about 4.5 km | RM682,870 | 377 sq ft | RM1,811 | Freehold | Expected Q3 2027 |
Of these 5 projects, The Lume 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
On Andaman Island, 10470 George Town, Penang. Straits Quay is about 1.2 km away, measured in a straight line.
Freehold land of 3.16 acres, with a residential strata title for the units.
The price list opens at RM2,250,000 and goes up to RM3,932,925, approx. RM1,307 psf. Ask us for the current list by type and floor.
Type A, 1,722 sq ft, 3 bedrooms and 3 bathrooms. Type B, 2,164 sq ft, 3 bedrooms plus a study or utility room and 4 bathrooms. Type C, 2,476 sq ft, and Type D, 2,874 sq ft, each with 4 bedrooms and 5 bathrooms.
It is under construction, with completion expected in Q1 2029, 54 months from the SPA signing date.
Eastern & Oriental Berhad (E&O).
Six. The tower has 261 units over 48 floors, and each floor is served by 4 lifts (3+1).
RM0.45 psf, which includes a 10% sinking fund, charged on each unit's built-up area.
Types A and B come with 3 carparks (1 near lift, 2 far); Types C and D come with 4 carparks (2 near lift, 2 far).
Yes, every unit qualifies on price. Penang sets RM1,000,000 as the floor for a foreigner buying strata property on the island, and The Lume's cheapest unit is RM2,250,000. Approval by the State Authority is still required for each purchase.
The state application fee is RM10,000 per title, the rate for a residential title, and a lawyer submits the application to the State Authority. Since every unit costs more than RM1,500,000, the levy is 3% of the purchase price, paid within 30 days of approval. A foreign owner then has to hold the unit for 3 years from the SPA before selling. An MM2H participant may buy in Penang from RM500,000, two units at most, provided the price also meets the MM2H programme's own minimum, whichever of the two is higher.
Going by its record, The Lume suits families who need three bedrooms or more (layouts go up to 2,874 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.