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Ideal Venice Residency celebrates completion with key handover to homeowners

Property News/ 21 January 2026 Leave a comment

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Ideal Property Group proudly marked a major milestone last Saturday with the successful completion of its Ideal Venice Residency project, celebrating the occasion with a grand key handover ceremony for delighted homeowners.

20 homeowners received the keys to their new homes from the Minister of Housing and Local Government, YB Tuan Nga Kor Ming, alongside the Penang Chief Minister, YAB Chow Kon Yeow.

The event marked a proud and memorable moment for both the homeowners and the developer, as families officially embarked on a new chapter in their lives.

“The completion of Ideal Venice Residency is another realization of our goal to creating a legacy that transcends time. Our aim is to create a heritage that endures for generations to come. This project strengthens our corporate commitment to providing high-quality, affordable housing without compromising on design and construction excellence for the wellbeing of the community,” stated Tan Sri Datuk Alex Ooi, Executive Chairman of Ideal Property Group.

Capturing the timeless beauty and charm of Venice, Ideal Venice Residency offers homeowners a culturally rich sanctuary infused with romantic allure and refined living.

Located in Island Glades, Penang, Ideal Venice Residency is Ideal Property Group’s fifth affordable housing development, reaffirming its commitment to delivering high-quality and well-designed homes to the community. The completion of this project represents yet another achievement for Ideal Property Group in providing accessible homeownership without compromising on quality.

Inspired by the world-renowned city of Venice, the development blends a tranquil environment with a quality lifestyle and a wide array of amenities, creating a distinctive and elevated living experience for residents.

Ideal Venice Residency offers 1,632 value-added residences in a condominium concept at an affordable price of RM300,000. Each 850 sqft unit comprises three bedrooms and two bathrooms, complete with a private balcony. Every living space is thoughtfully designed to maximise comfort while offering an exclusive yet practical lifestyle for modern families.

Residents can experience the fairy-tale elegance of Venetian architecture right at their doorstep, featuring replicas of the iconic Rialto Bridge, St Mark’s Campanile and one of Venice’s most recognisable modes of transport, the gondola.

The pool area draws inspiration from San Polo, the smallest and oldest district in Venice, known for its atmospheric charm, winding lanes and captivating sights.

Further enhancing residents’ quality of life is a comprehensive range of premium indoor and outdoor facilities. These include a swimming pool, BBQ pavilion, exercise stations, family lounge, gymnasium, basketball court and badminton court.

The expansive open space at the podium level serves as a private Venetian-style garden, offering an ideal setting for community bonding as well as picturesque family moments.

Strategically located within the serene suburb of Island Glades, Ideal Venice Residency provides exceptional connectivity to key destinations across Penang. It is just a stone’s throw from USM and approximately a five-minute drive to the Penang Bridge, ensuring both tranquillity and convenience for residents

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