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Ideal Venice Residency

ideal-venice-residency

Ideal Venice Residency, the second phase of PR1MA affordable housing development by Ideal Property Group at Island Glades. Strategically located near the intersection of Jalan Bukit Gambir and Jalan Lembah, next to Ideal Residency. It’s just a stone’s throw away from University Science Malaysia (USM), about 5 minutes drive to Penang Bridge.

This development comprises two blocks 46-storey residential towers, featuring 1,632 affordable housing units with six levels of car parking podiums and two levels of facilities.  They are two different layout types with a standard built-up size of 850 sq.ft. Indicative price starts from RM300,000 onwards.

READ MORE ABOUT AFFORDABLE HOUSING:

Project Name: Ideal Venice Residency
Location :
 Island Glades, Penang
Property Type : Affordable housing
Built-up Area: 850 sq.ft.
Indicative Price : RM300,000
Developer : Ideal Capital Venture Sdn. Bhd. (Ideal Property Group)

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(This information will be used to keep you updated on the project and future development.)
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  1. Tan Meiyi
    January 24th, 2022 at 13:50 | #1

    is this same project as ideal residency ? how to apply for affordable house for this project ?

  2. Lin
    January 25th, 2022 at 13:21 | #2

    Anyone have further details for this project? Is it worth for investment? Thanks ya!

  3. Ice Kacang
    January 25th, 2022 at 23:06 | #3

    Now everyone can stay Venice in Penang, thank you Idealah

  4. Sing
    January 26th, 2022 at 01:37 | #4

    @Ice Kacang

    Now got Santorini and Venice, next waiting for Hawaii, Paris, London, Bangkok, Tokyo, etc…

  5. Chendol
    January 26th, 2022 at 07:43 | #5

    @Sing
    I want Barcelona affordable house or Milan affordable house.
    Thank you Ideal to deliver a great quality of affordable house as usual. Looking for more great project up coming specially PIX.

  6. Bak kut teh
    January 26th, 2022 at 15:14 | #6

    Is is better than previous phase Ideal Residency in terms of layout & view ?

  7. Xoxo
    January 30th, 2022 at 00:01 | #7

    More high dense compare to ideal residency @Bak kut teh

  8. Chendol
    January 30th, 2022 at 07:16 | #8

    Xoxo :
    More high dense compare to ideal residency @Bak kut teh

    Affordable house still want to see density. Actually this project consider cheap & big already if compare to SP cheliah.

  9. Sing
    January 30th, 2022 at 23:08 | #9

    @Bak kut teh

    Venice layout type B is good.

  10. Nixon
    January 31st, 2022 at 12:31 | #10

    Anyone who bought seaview units at Ideal Residency are screwed by this project, no more seaview but instead you get twin tower view..

  11. jack
    January 31st, 2022 at 19:32 | #11

    Nixon :
    Anyone who bought seaview units at Ideal Residency are screwed by this project, no more seaview but instead you get twin tower view..

    Good things won’t last forever, especially seaview units in Penang 😀

  12. Sea
    February 1st, 2022 at 07:39 | #12

    @jack
    Unless you pick an unblock seafront project like Quayside, 1 Tanjung, The cove/10 Island/The light city or Queens waterfront residence with premium price. If you expect this project with this seaview please forget it.

  13. Max
    February 1st, 2022 at 10:23 | #13

    This project is worth to invest? I think the location consider good since it is located at the center of penang. Type B layout also seems not bad bcz having privacy at the entrance.

  14. Sea
    February 1st, 2022 at 13:26 | #14

    @Max
    Personally, i think the density quite high for this project not to mention for Ideal residency yet. How many unit total actually? And the accessibility/traffic congested really a concern once all these project completed. Those 300k are under affordable house catergory. If invest open market for public i guess will be 400k & above same as I-Santorini. If 400k above how much to sell in this location in future? 500k with 850sqf? And we have so many similar product unit surrounding this area. Just my personal thoughts.

  15. jack
    February 1st, 2022 at 14:34 | #15

    @Sea
    Can see Penang is going into this direction already, truly seaside view is for the riches.

    @Max
    Penang properties especially in Penang island are hardly invest-able anymore. If you rent, your rental collection can’t even cover loan installment, can only subsidize. If you buy to sell, good luck, many developers creating virtual demand and later sell at the same price you bought after getting keys, you will be competing with the developers unsold units.

  16. serena
    February 1st, 2022 at 18:40 | #16

    This is a Pr1ma project, not the usual affordable, so be careful. Also, with 7 lifts serving 22 units per floor at a total of 800+ units per block, there will be a “traffic jam” at the lifts during peak hours of going to and coming back from work, given the composition of residents here will mostly be working people around Bayan Lepas area. And last but not least, too many high density apartments in an area with mostly working class residents will definitely result in traffic jam, no doubt.

  17. Aunty Seow
    February 3rd, 2022 at 07:20 | #17

    420k-1cp, 453k-2cp (tandem), 473k-2cp (side-by-side). Only Tower 2B open for registration and ETA completion is 2026. 420k nd 453k variants only available at less desirable units such as underneath the viewing decks, around the waterpump, beneath the top floor (water tank maybe?), and near the facilities. The rest are charged a flat rate of 473k.

  18. Andy
    February 4th, 2022 at 15:43 | #18

    Wow… Pr1ma house at 473k ! This is called ‘affordable house’ on Penang island… more expensive than kl Pr1ma… speechless.

  19. Jamy
    February 4th, 2022 at 18:09 | #19

    @Andy

    Agree, nowadays Ideal affordable projects. can say more than half are public units which cost 400K above, near to 500 psf, not really affordable lol.

  20. mark
    February 5th, 2022 at 07:50 | #20

    @Jamy
    How can the state gov allow that to happen? I was told if developer build “affordable house”, they pay less development charges to state gov, and they get higher plot ratio to build more units. But if the “affordable house” are being sold to open public at non affordable market prices, essentially that means they are cheating!!!!! And the state gov just let that happen??????

  21. parmeswary
    February 9th, 2022 at 10:06 | #21

    I’m interested, how is the purchase process.
    how to apply for affordable house for this project ?

  22. James Tay
    February 21st, 2022 at 10:19 | #22

    there is another block C not stated in the plan which is almost fully booked except those unfavorable units left over (see aunty seow’s comment).

  23. Thomas Chuah
    February 25th, 2022 at 16:20 | #23

    @mark
    No money to buy then dont talk cock here.

  24. EK Tan
    February 25th, 2022 at 21:06 | #24

    @mark
    Ideal is the best developer for affordable house.
    You can compare between other developer. It’s great in facilities & spacious unit.
    Imperial Grande is a good example. And now recently they switch towards luxury development..

  25. Max
    February 25th, 2022 at 23:30 | #25

    Be careful what you wish for, just like what Ideal’s Google Review says

  26. Max
    February 25th, 2022 at 23:32 | #26

    @EK Tan
    Are you working for Ideal? Because clearly you have not read their Google Reviews online.

  27. jack
    February 26th, 2022 at 13:07 | #27

    If EK Tan compares Ideal projects with the Rise collections projects only, then the statement is true lah

  28. Gilian
    February 26th, 2022 at 14:03 | #28

    @jack
    Not only The Rise. The stone also one of the project..& plenty more.

    Don’t just google review. Go & see the actual unit & consider.

    @Max
    You should digest what google give to you. Go and see actual unit. If that’s the case you’re right then all buyers are consider blind because they knew poor quality but still buying?
    Some review in google are given by their own developer staff or haters also. Let’s check the actual unit of their past history record then personal judge but not from others. Even if you go for branded developer that’s not perfect. Non of property is perfect. Even you paid a million property doesn’t guarantee your satisfaction upon received goods.

  29. Max
    February 26th, 2022 at 15:04 | #29

    @Gilian
    I don’t think all developers are perfect but sometimes, reviews tell a lot of story especially when the good reviews are not really about the units after being built. Some people might consider Ideal because it’s cheaper than the rest.

  30. jt
    April 6th, 2022 at 11:26 | #30

    This area is Gelugor, please kindly change the info. Thanks.

  31. Geetha
    April 7th, 2022 at 08:29 | #31

    Hi, i’m first home buyer. Need some advice, do u think this would be a better place to buy? Im quite confused on which one to buy. I like the venice but the density is high. In future will this be a better place for investment.
    And need some review on the terraces too.

    Thank you. Please give suggestion yeah

  32. Honey Khoo
    April 7th, 2022 at 08:36 | #32

    May I know how many carpark bay provided?

  33. GV
    April 7th, 2022 at 09:29 | #33

    my personal view the type A layout not so nice due to the toilet facing bed, But type B is nice. Location very good also, just this project is next to ideal residency mean future surrounding will full of illegal park. Plus future have fly over beside it also.

  34. Geetha
    April 7th, 2022 at 09:35 | #34

    @GV
    Thank you GV. How about The terraces and grace harmony please

  35. Tailo
    April 7th, 2022 at 12:34 | #35

    @Geetha
    You want cheap & big. And also good for own stay & also for investment. FYI. Non of project are perfect. Even the project is perfect but the price probably beyond your reach also.
    It’s all depend on your preference. Some people mention paya terubong is good to buy but for other perhaps is a poor location. Depend on you actually. Set your own expectation & criteria & budget then go for it. That’s all. All project got pro & cons. If for myself i definitely won’t go for this area as i stay in town. So it depends… Usually if affordable house you can get 2 carparks then consider ok already with proper brand of developer.

  36. Chee Eng
    April 7th, 2022 at 12:40 | #36

    @Geetha
    For me i will go for Grace harmony as easy accessibility & much strategy location. Location will define your future appreciation price..
    Terrace, you may get a bigger space cozy environment as nearby mountain side. But poor accessibility with leasehold.

  37. Geetha
    April 7th, 2022 at 12:54 | #37

    @Chee Eng
    Thank you so much for the info Chee Eng. If compare between Venice and Grace which one is good to by?

  38. Chee Eng
    April 7th, 2022 at 19:47 | #38

    @Geetha
    I will go for grace harmony as lower density & if afford try to grab for 2 cp units. And easily to sell off also if come to subsale. Currently even a non furnish house in that area fetch about 300k to 400k for 650 to 700sqf unit subsale.
    Venice is good because by branded developer compare to Nova land small developer. Facilities for Venice will be better off course but accessibility & density & amenities will be minus point in that area.

  39. Geetha
    April 8th, 2022 at 09:50 | #39

    @Chee Eng Ok. Thank you so much Chee Eng.

  40. GV
    April 8th, 2022 at 10:32 | #40

    For me :
    The terraces
    – layout is very perfect big master bed room and living room
    – some got 3CP.
    – Near INTI and USM
    – very convenient to access to bayan baru and relau.
    * this not my choice to choose this due to some facing relau cemetery but my recommendation facing hill side better. .
    * Lease hold

    Grace harmony
    – The location is very strategy and very convenient too to access to town area.
    – The view also excellent if you like the city view.
    – High possible and potential for rent out/ subsale.
    * The toilet facing master bedroom.(But is not a big problem.)
    * high density.

    Is depend on your self which unit you prefer and like. Is hard to find a project that 100% perfect. The most important thing is which location, layout you like and where you work at. (For own stay)

  41. Jamess
    April 8th, 2022 at 12:47 | #41

    @GV

    Grace Harmony is also leasehold is not mistaken.

    Terraces maintenance fee will be higher due to low density.

  42. GV
    April 8th, 2022 at 12:53 | #42

    @Jamess
    Ya.is lease hold.

    Is depend on the person which environment they like,

    Grace Harmony is more happening
    Terrances is more peaceful

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