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Queens Residences Q3

Queensbay/ 30 October 2023 Leave a comment

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Queens Residences Q3 is the third phase of the Queens Waterfront development by Ideal Property Group, situated near Queensbay in Penang. Positioned strategically on reclaimed seafront land directly opposite Queensbay Mall, it’s an expansion of the successful Q1 and Q2 projects, which currently command prices exceeding RM1,000 per square foot.

The new phase of development will introduce another 532 residential units, offering a choice of five different layouts ranging from 950 sq.ft. to 1,400 sq.ft. Notably, facilities will be conveniently located on the 7th floor. Furthermore, it’s worth mentioning that, apart from the smaller units, most of the more spacious units will feature Penang Bridge and the scenic Pulau Jerejak views.

Project Name: Queens Residences 3 (Q3)
Location : Queensbay
Property Type : Condominium
Total Units: 532
Built-up Size: 950sq.ft – 1,400sq.ft.
Land Tenure: Freehold
Indicative Price : (to be confirmed)
Developer: Ideal Property Group

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DISCLAIMER: This article is solely based on research done using publicly available data. This is not an advertisement. Any claim, statistic, quote or other representation about a project or service should be verified with the developer, provider, or party in question.

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  1. Islander
    October 30th, 2023 at 09:08 | #1

    The Pier is so cheap at walking distance, let’s see if this will sell like hotcake or AG fans bullshitting

  2. Betul
    November 1st, 2023 at 04:53 | #2

    Queens Residences Q1 and Q2 currently command prices exceeding RM 1,000 per square feet. Are there other condos in the northern region of Malaysia also priced at > RM 1,000 psf?

  3. RollsRoyce
    November 2nd, 2023 at 17:37 | #3

    @Betul
    E&O condos in Tanjung Tokong were priced at > RM1,000 psf by developer itself many years back, already have buyers then, but those who bought for investment all lost money lah, either cannot flip at a profit, or rental return super low.

  4. Hee Chan
    November 2nd, 2023 at 20:39 | #4

    @RollsRoyce
    That’s why back to basic but lower entry price & that’s room for appreciation grow later example The Zen/Zen6/Quaywest & The Pier.

  5. Betul
    November 2nd, 2023 at 23:38 | #5

    Thank you RollsRoyce

  6. RollsRoyce
    November 3rd, 2023 at 15:40 | #6

    @Hee Chan
    I am not sure what the pricing is for the projects you mentioned. A general guideline is if the rental return is less than 6%, it will normally be a money losing venture, whether for flipping or long term investment for rentals.

  7. QW
    November 4th, 2023 at 14:35 | #7

    @RollsRoyce
    That’s nothing of general guideline mentioned here.
    Example of Quaywest bought it at 300k & now market 650k already. The appreciation over 100% so do you still mind on the merely 6% rental return?

  8. millionaire
    November 5th, 2023 at 14:46 | #8

    @QW
    The Quaywest u mentioned bought at 300k is referring to which type, affordable?
    And market now 650k also referring to which type, open market one?
    Also there are many types n sizes, pls don’t misleading.

  9. QW
    November 6th, 2023 at 05:55 | #9

    @millionaire
    That’s why you lost without even a basic information.
    300k is affordable type &400k also consider as affordable or open market type. And now those units price already almost 100% appreciate due to lower entry price. Investment doesn’t mean you have to fold out large sum of money to make a huge return. It depending on the value of appreciation.
    As of Queens owner you know 100% but I knew 200% what’s happening inside. Just sharing.

  10. millionaire
    November 6th, 2023 at 18:45 | #10

    @QW
    Sorry to tell you are not on the level to teach rich people on investment.
    And rich investors don’t come for those affordable house to invest.
    Different group of people, different targets.

  11. Islander
    November 7th, 2023 at 08:17 | #11

    Who the h takes appreciation value as ROI? Ez math sia every uncle auntie also can untung liao if like that ez.

  12. RollsRoyce
    November 7th, 2023 at 15:16 | #12

    Please take note that LRT will not be going pass this area ya. LRT will come from Komtar, reach 1 station at The Light, and then turn to Gelugor area. Not coming to Zen, QW, Queens area.

  13. George Khoo
    November 19th, 2023 at 13:04 | #13

    This is the best luxury development in southern of Penang.
    I don’t find any similar type of development in this area. Queens waterfront is a truely premium luxury community & neighborhood. That’s really a millionaire row of Q1 to Q4.
    Plenty of rich& upper class owners living in this area. Love it so much the environment & hopefully developer maintain the success of this project in Q3/4.

  14. millionaire
    November 21st, 2023 at 00:13 | #14

    @George Khoo
    Finally at least someone sees the hidden strength of Queens Residence.
    Its success let others trying hard to follow, who bothers the outcome.

  15. Benz lee
    November 22nd, 2023 at 21:17 | #15

    Phase 3 is a Queens waterfront final phase for small units.
    Q4 will be a spacious super condo duplex unit & starting price definitely won’t be cheap with 3.5M to 6M per unit.
    This area is really ATAS & one of highest PSF in Penang now average more than RM1000+PSF. Good environment & jogging place in morning. Can see but can not buy…too expensive T.T

  16. lEE
    December 9th, 2023 at 12:37 | #16

    @Hee Chan

    quywest finishing is very bad. i remember when i did booking for Quaywest is Year 2012. lucikly i cancelled . imagine take 10 years to completed

  17. lEE
    December 9th, 2023 at 12:39 | #17

    that time i make booking for Quaywest they already 700k Years 2012 (not the affordable one)
    now after 10 years only completed still 700k plus :(

  18. lEE
    December 9th, 2023 at 12:41 | #18

    @QW
    agree with what u said. same thinking

  19. millionaire
    December 11th, 2023 at 10:19 | #19

    @IEE
    Some AG fans did say Quaywest the appreciation almost 100% after completion.
    Where are they?

  20. Joyce Chan
    March 3rd, 2024 at 15:07 | #20

    @millionaire
    It’s over a million ringgit now except the affordable unit tower.
    The rest mostly close to a million or over. The advantage of all uunit in Quaywest was spacious so that’s why future appreciation is really high. Unlike those unit in Queens which small & expensive so subsale nobody will buy. Logical thinking, I have a million & which should you choose? Off course we will choose bigger size unit with better seaview. Majority of Queens just partial seaview & definitely price will drop later due to their building design facing issue. Quaywest/Zen6 even The pier are much better design of facing to seaview. Quaywest affordable already appreciation over 100%. Zen6 hillside now people asking in subsale for 790k already & if seaview definitely over 900k as fully seaview.

  21. Minion
    March 5th, 2024 at 08:34 | #21

    Joyce Chan :
    @millionaire
    It’s over a million ringgit now except the affordable unit tower.
    The rest mostly close to a million or over. The advantage of all uunit in Quaywest was spacious so that’s why future appreciation is really high. Unlike those unit in Queens which small & expensive so subsale nobody will buy. Logical thinking, I have a million & which should you choose? Off course we will choose bigger size unit with better seaview. Majority of Queens just partial seaview & definitely price will drop later due to their building design facing issue. Quaywest/Zen6 even The pier are much better design of facing to seaview. Quaywest affordable already appreciation over 100%. Zen6 hillside now people asking in subsale for 790k already & if seaview definitely over 900k as fully seaview.

    hahahaha

  22. millionaire
    March 5th, 2024 at 10:49 | #22

    @Joyce Chan
    On paper yes, but how about market demand?
    Just to answer your question, If I have a million, I will go either IJM the Light City or The Queens, these are the only two premium developments in southern Penang..

  23. Joyce Chan
    March 5th, 2024 at 13:18 | #23

    @millionaire
    That’s only your opinion. Based on market demand, buyers are actually demanding bigger spacious unit with reasonable market price. It’s common sense.That’s hardly to perform well for Queens in subsale & not much appreciation. If you check on actual transaction then it tells everything.

  24. Hee Chan
    March 5th, 2024 at 13:35 | #24

    @millionaire
    I will go for Quaywest for spacious living & The Muze for luxury.
    Queens is not a luxury condo but attach to commercial which I don’t think is a luxury development. Everyone will easily go in & out & security guard just standing outside smoking with nobody cares. Is that luxury living you dreams of?

  25. Hee Chan
    March 5th, 2024 at 13:40 | #25

    Nobody in security counter at lobby also part of luxury condo living style? Road side with hawker stall Infront of Q2 &Q3 after 10pm daily are part of design in this development? Please come to Q2/Q3 after 10pm or 10.30pm then you may know what I mean & hawker start to setup at road side. Please check it out & with all this I won’t put a million in this project.

  26. millionaire
    March 7th, 2024 at 09:49 | #26

    @Hee Chan
    @Joyce Chan
    Too obvious on promoting AG products which make them look cheap.
    Childish promotion techniques by condemning others.
    How about IJM The Light, Would like to listen your versions of story? Quite interesting.

  27. KC
    March 7th, 2024 at 10:41 | #27

    @millionaire
    My view, only good for abnb n tourist. Good seaview but not a good location for investment n ownstay. anyone staying within 5km from The light also can ejoy the benefits from The Light development, not worth to spend over 1 mil to stay in the light.

  28. Hee Chan
    March 7th, 2024 at 11:08 | #28

    @millionaire
    Not interested to tell the story. Obviously that’s hawker & stall along Queens after 10.30pm which is illegal & some people occupied making more noise at night. Maybe those owners don’t care on it. You may take your free time & come at night & see that. The light city is good for Airbnb but not for own stay. I definitely won’t spend 1Mil in Queens/The light. If commercial business activities then is good location.
    Story telling won’t fly but only supporting fact data point.

  29. Hee Chan
    March 7th, 2024 at 11:11 | #29

    @millionaire
    So far that 2 stall of hawker already which Infront of Q2/3 after 10.30pm. If you come that time definitely you will know what I’m saying now. Probably 2 stall will turn into 20 later? Then good luck because more crowd occupied at night then making more noise in the end your condo value drop. Good luck.

  30. HongKong
    March 8th, 2024 at 10:13 | #30

    I hope that’s more trees & green to plant in this area along Q1 to Q4 to make it more scenery & tourist attractions place.
    Example to plant for Tecoma trees along side of Q1 to Q1.
    Just my little suggestion.

  31. sun
    April 17th, 2024 at 17:16 | #31

    staying in Q2, thought wanna get Q3 for fun…
    what you guys thought about it??

  32. Coffee or Tea
    April 17th, 2024 at 20:07 | #32

    @sun
    You should know better than anyone here if you own or stay in Q2. If you plan for own stay then Q3 is a good choice too however if invest I don’t encourage as price already skyrocket.
    In fact Q2 is the lowest density among Q1/2/3 & better privacy in design as well if looking at design entrance is more alike residence since commercial & residence fully seperated. Q2 allocated in mid of Q1/3 so little easy for you either way?
    Q1 facilities is better than Q2 as variety choice but in term of maintenance for long term I have little bit doubt. Q1 is more commercially friendly & residence just walk down easily direct
    access to shoplot.

    Q3 is highest density among 1/2/3 & selling price off course highest. I believe the swimming pool is nicer than Q2 & more luxury feel in their design & facility floor by looking at their brochure & introduction video. Entrance concept look alike same as Q2 but some how the lobby entrance & drive through for Q3 is from outside & Q2 main entrance lobby & drive
    through from inside. Q3 dual key alot too which I personally don’t really like if for residence purpose. But if you buy for invest then dual key maybe suitable for you. As of own stay, I prefer Q2. I’m not sure what’s reason you bought it for fun meaning. Invest? Own stay or you have over flow cash? Btw over are nice place to stay. If you are existing owner & going to buy additional 1 I believe developer give 4% discount. But somehow I still feel price is quite high & no reason for me to buy additional 1. That’s many project other than this worth to invest later.

  33. Ryu
    April 22nd, 2024 at 23:04 | #33

    I am staying in Q2, the quality seriously cannot on par with IJM property like the light. There was several gaps between my bathroom wall tiles and Ideal can’t even fix it. They just ask their contractor to touch up, there is some hollow between the tiles and will never fix by touching up.

    My cousin bought Mezzo and I hope IJM can deliver well.

    In term of investment, I feel better avoid penang projects if we looking at million dollar project, maybe KL?

  34. Moon
    April 23rd, 2024 at 08:19 | #34

    @Ryu
    Million dollar? You mean in Sin/USd? If a million convert to RM it around rm 3 to 5 million. So, only gurney high-end big size condo available in market. For us, Q1/2 both are not a high-end property. It’s just more/less a Singapore affordable house in my place. Even The light not in that category yet & that’s waterleakage in The light project too. I did check with Developer as they mentioned to me that Q4 will be a high-end super condo which meeting my requirement so we just wait for that.

  35. ms tan
    May 17th, 2024 at 18:01 | #35

    anybody knows Q3, 2B2B, selling price and when can be completed?

  36. Deen Yassin
    May 18th, 2024 at 18:02 | #36

    @ms tan
    You should ask Developer.
    But sold out very soon for cheaper unit.
    Depend on size & facing direction.
    900k to 2M+ 2027 will complete. Once completion expect smallest unit above 1M+. Those 950sqf is dual key unit in Q3 unless Q2 got 3 room unit for 950sqf.

  37. chooiyi
    May 18th, 2024 at 18:40 | #37

    Went to Q2 for dinner last night, not sure whether aircond not working or not properly setup by developer, so hot and stuffy, totally didnt enjoy the atmosphere at all. Wont be coming to this place anymore. So lousy!!

  38. Minion
    May 20th, 2024 at 09:56 | #38

    chooiyi :
    Went to Q2 for dinner last night, not sure whether aircond not working or not properly setup by developer, so hot and stuffy, totally didnt enjoy the atmosphere at all. Wont be coming to this place anymore. So lousy!!

    Did u plan to buy the commercial Lot? must be kidding

  39. millionaire
    May 21st, 2024 at 13:44 | #39

    @chooiyi
    I went to Q2 for dinner at different restaurants did not encountered any abnormality like what u said.
    Must be no syok on food price. Suggest next time go to food court.

  40. AG Zen
    May 21st, 2024 at 21:41 | #40

    @chooiyi
    Same. Yesterday I went to Q1 for lunch & aircond not working.
    Quite lousy.

  41. millionaire
    May 23rd, 2024 at 22:39 | #41

    Obviously a lot of sour grapes here.
    Hating the rich is what’s keeping you poor.

  42. LivingAtWR
    May 24th, 2024 at 11:30 | #42

    @KC
    ALl of the light phase1 & phase 2 residential are not allowed for abnb n homestay btw. So mostly are local and foreigners staying there permanently or as vacation house.

  43. AG Zen
    May 24th, 2024 at 12:39 | #43

    @LivingAtWR
    Q1 &Q2 not a good development as not well maintained even the promenade I can feel start to sink & illegal parking in compound of drive in area of Q2 worsen. Security close 1 eye & let those car park illegally at corner & always sitting inside aircon only. That’s not a prestigious project. Probably soon price will drop as nobody want in subsale. Even Zen6 is much peaceful better landscaping design

  44. Ryu
    May 24th, 2024 at 15:23 | #44

    @millionaire
    What is definition of rich? Agent told me Queens residence is just a normal condo. I agreed. It’s not a luxury condo as security team doesn’t even wear a proper attire as security team. They suggested High-end condo is Muze/Mezzo etc.

  45. AG
    May 26th, 2024 at 00:52 | #45

    @Ryu
    QuayWest is very high-end

  46. Ryu
    May 26th, 2024 at 18:12 | #46

    Quaywest is a mixed development of affordable house and high density service apartment, built on commercial land from Ivory. This project was previously awarded to Gamuda but later passed to local contractor and the works delayed for many years.We all know the quality.

  47. Minion
    May 26th, 2024 at 20:51 | #47

    Ryu :
    @millionaire
    What is definition of rich? Agent told me Queens residence is just a normal condo. I agreed. It’s not a luxury condo as security team doesn’t even wear a proper attire as security team. They suggested High-end condo is Muze/Mezzo etc.

    u mean the foreigner construction worker staying nearby that condo aMuze high end? btw Mezo is IJM low end condo

  48. MajorArches
    MajorArches
    May 27th, 2024 at 15:37 | #48

    Muze high end condo ? Selling to foreigners at RM1mil++ might be the case.

  49. Ryu
    May 27th, 2024 at 18:05 | #49

    @MajorArches
    Off course Muze is high-end. Look at the facilities…really great. I don’t see any condo in Penang has such facilities except COD.

  50. jack
    May 28th, 2024 at 10:20 | #50

    Ryu :
    @MajorArches
    Off course Muze is high-end. Look at the facilities…really great. I don’t see any condo in Penang has such facilities except COD.

    Ok la make yourself feel good, Muze is decent high-end. There are still many levels of high-end prop owners won’t even bother showing off here, we are still earning peanuts to browse around and comment in penangpropertytalk.com

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