Waterside Residence

July 12th, 2014 Leave a comment 中文版

waterside-residence-entrance

Waterside Residence, the first residential tower in The Light Waterfront phase 2 development next to the Penang Bridge. This development by IJM Land would have a single 33-storey tower comprising 256 condominium units. The development has an indicative average price of RM1 million.

Property Project : Waterside Residence
Location : The Light Waterfront, Gelugor
Property Type : Luxury Condominium
Land Tenure : Freehold
Total Units : 256
Built-up Area: 1,055 sq ft – 1,270 sq ft.
Indicative Price: RM749,000 onwards
Developer : IJM Land

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Location Map:

Center map
Traffic
Bicycling
Transit

 

 

Project Video

 

Site progress update by developer – Dec 2017 

 

Categories: Gelugor Tags:
  1. TL
    July 12th, 2014 at 15:58 | #1

    $1.4M… Who say house price is coming down?

  2. Mau beli
    July 12th, 2014 at 16:00 | #2

    @TL
    Developer is probably still dreaming or this one targeting foreigner.

  3. Mok
    July 12th, 2014 at 16:30 | #3

    one of most greedy developers launch new project again..

  4. nana
    July 12th, 2014 at 16:31 | #4

    @mau beli
    u r smarter or ijm, which is a multi billion company smarter? just face the truth, u r not the potential buyer that IJM is targeting. pls kfocus on ur bad mouthing role..maybe can earn millions with it..

  5. tut tut
    July 12th, 2014 at 17:52 | #5

    Greedy? Dreaming? Smarter? I don’t know lah. All I know is, it will be as noisy as Light Linear, if not noisier. Many flippers are stuck with Light Linear because of the noise and dust. Good luck flippers!!

  6. David
    July 12th, 2014 at 20:00 | #6

    “The development has an indicative average price of RM1,4 million onwards”.

    How big for RM 1.4 million ?

  7. Limpeh
    July 15th, 2014 at 00:01 | #7

    No subsale value….foreigners not going to stay there. 90% of Expats in Penang stays up north. Now they price it way too expensive for locals. Who else wanna stay there? Perhaps IJM staffs. LOL.

  8. BMInvestor
    July 15th, 2014 at 11:30 | #8

    1.4 m not big ….. other states richies will come here to stay ….enjoying sea view …

  9. awtarman
    March 24th, 2015 at 12:39 | #9

    The household income need to exceed rm20k a month to qualify the loan of rm1.4 million.
    In reality, how many penang household can earn more than rm20k a month?

  10. jjj
    March 24th, 2015 at 19:27 | #10

    when ijm will launch it?

    tired of waiting their phase 2 commercial

  11. Pg Lang
    March 25th, 2015 at 09:55 | #11

    Problem isnt the developers. It is the buyers/investors. Whatever the price launched, buyers will rush to snap up without thinking. As seller, who is not going to take advantage of these mindless buyers? Just look at Tamarind by E&O. Already stated clearly it is an APARTMENT, and yet people rushed to pay for close to 1m or 1m for each unit. It is not even a condo. Name me a project in prime location in Penang that is not selling like hot cake no matter what’s the price.

  12. Bernard tan
    September 11th, 2015 at 20:24 | #12

    Send me some information about this project. Tq

  13. GuaFromPenang
    October 28th, 2015 at 08:16 | #13

    I bought a unit in The LIGHT and most buyers there , including myself are local. The unit was nicely fit up and the environment was really nice.My understanding is that WR will price at 800 per ft2 and above.

  14. GuaFromPenang
    October 28th, 2015 at 08:20 | #14

    The LIGHT not a famous place for expat to rent due to lack of shopping and eateries within walking distance. It might stay this way for few years until Light Commercial ready.

  15. GuaFromPenang
    October 28th, 2015 at 08:23 | #15

    Penang household , middle age with both husband and wife working in factory will easily earn more than RM20K a month

  16. GuaFromPenang
    October 28th, 2015 at 08:26 | #16

    The Light Linear is not part of The Light Point , Collection 1 to 4. Pay a visit there and you will impress.

  17. CK
    October 28th, 2015 at 09:57 | #17

    Are you sure both husband and wife easily earn 20k a month?
    Good for you if you think so. I dont think that is a correct benchmark.
    It is sure very rosy if the majority earn that much. I am sure a little reality check will says otherwise. I wouldnt use the word ” majority ” anyway.

    The majority does not Sir. Hope my employees doesnt use this as a benchmark. :)

  18. 99
    October 28th, 2015 at 14:09 | #18

    if they priced the maintenance fee as high as The Light Collection 1/2/3/4 (rm0.40 PSF), this will scare away a lot buyers….

    Look at Collection 3 & 4. A lot un-sold units.

    For average joe they only willing to pay the maintenance fee up to rm300-350…

  19. flyong
    December 1st, 2015 at 17:12 | #19

    Anyone has the floor plan for this phase 2 development?

    What is the price of psf?

  20. Tan
    December 30th, 2015 at 12:49 | #20

    So i guess this one more nearer to the pipe that pump smoke at egate?

    I wonder how resident near egate live, breath chemical everyday yet still so many ppl buy at that area , pearl regency , platino and bayswater spend million to suck the chemical

    Don know how their life span going to cut due to this

    Moreover traffic jam in penang , wan live longer better stay away from city center n industrial zone

    Ya tamarind few thousand over unit flat selling at 700k to 1million, swimming pool can fit 5k ppl if one hs 5 ppl ?

    I wonder how the car park will be , don in the end turn up like jelutong two way road become one way, highway bcm lorong lol

  21. ppng
    December 30th, 2015 at 13:24 | #21

    @Tan

    scroll up and refer to the map above. not that near to egate/tesco

  22. Tan
    December 23rd, 2016 at 18:02 | #22

    Already open for booking.

    What is the take up rate so far? How come this post so quiet. ?

  23. gong
    January 27th, 2017 at 15:51 | #23

    Anyone interested about this project?

  24. WR
    February 12th, 2017 at 17:09 | #24

    Got whatapps group to join for owner?

  25. robravo
    July 30th, 2017 at 15:44 | #25

    This thread like so quiet. How is the take up rate so far? Any whatsapp group for owner?

  26. wa
    September 9th, 2017 at 10:57 | #26

    Pls send an email to wares@outlook.com to join the resident group

  27. robravo
    September 19th, 2017 at 20:01 | #27

    @wa
    i have email you, please check, thanks.

  28. zack lim
    October 22nd, 2017 at 22:24 | #28

    SOLD OUT

  29. ruth choong
    October 22nd, 2017 at 22:53 | #29

    Yup, sold out. IJM only released 20% of the total units for sale, all sold out.

  30. robravo
    October 23rd, 2017 at 21:51 | #30

    @ruth choong
    Why just released 20% for sale? How about the other 80%?

  31. soouch
    October 23rd, 2017 at 22:03 | #31

    Mean 20% remain for sale? So fast so out? How come can do so well in the current condition? Where you get the info?

  32. Jibby
    October 24th, 2017 at 09:54 | #32

    80% JUAL MAHAL. LOL

  33. min
    October 24th, 2017 at 11:43 | #33

    Sold out or cannot sell? hard to believe it 80% sold. What so attractive at the location with high price tag?

  34. ruth choong
    October 24th, 2017 at 13:10 | #34

    @robravo

    The other 80% keep first, the market is slow anyway. It is very common in HongKong/Singapore for developers to sell the units in a project batch by batch (phase by phase) depending on demand.

  35. Tang
    October 24th, 2017 at 14:36 | #35

    IJM still got bundle of un-sold stocks for their Light Collection 3 & 4. All million dollar homes.

  36. Michelle
    October 24th, 2017 at 16:01 | #36

    @GuaFromPenang

    Dude i think you have been living in your shell for far too long. Please come out and have some fresh air. The majority of people working in factories DO NOT earn 20k income per month.

  37. robravo
    October 24th, 2017 at 20:59 | #37

    @ruth choong
    Mean they just sold out 50 units. 20% of total 256 units.

  38. soouch
    October 24th, 2017 at 21:10 | #38

    What is attractive about this project? Please share

  39. WK
    October 24th, 2017 at 22:55 | #39

    Maint fees is same like collection rate. RM0.4x /sqft

  40. NG
    October 25th, 2017 at 09:59 | #40

    WK :Maint fees is same like collection rate. RM0.4x /sqft

    RM0.4X psft but just so-so facility ?

  41. soouch
    October 25th, 2017 at 21:31 | #41

    how much is the maintenance fee included sinking fund?

  42. robravo
    October 26th, 2017 at 21:25 | #42

    @soouch
    RM0.4X psft included sinking fund.

  43. soouch
    October 27th, 2017 at 23:14 | #43

    Worth for investment or own stay in this area?

  44. robravo
    November 17th, 2017 at 22:49 | #44

    @soouch
    Own stay is good.

  45. Adam
    November 18th, 2017 at 08:37 | #45

    @wa

    @Wa, I have emailed you the request.

  46. robravo
    November 25th, 2017 at 22:03 | #46

    @Adam
    Did you get reply from wa? I have email twice but no reply.

  47. Adam
    November 26th, 2017 at 15:16 | #47

    @robravo

    Nope, no response from @Wa as well.

  48. robravo
    March 20th, 2018 at 22:15 | #48

    @Adam
    What is ur email? Would like to pm you.

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