Queens Residences 3

Queensbay/ 30 October 2023 Leave a comment


Queens Residences 3 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.

  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

    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

    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

    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

    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

    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

    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 12:41 | #16

    agree with what u said. same thinking

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