Ideal Venice Residency @ Island Glades, Penang
From
RM300k
Price From
RM300k
Built-Up
850 sqft
Price Insights
Developer Asking Price
RM353/sqft
Based on RM300k ÷ 850 sqft
Penang Market Range
RM400–700/sqft
Q3 2025 median (high-rise residential)
Based on Bukit Gambir, Penang market data, similar properties transact at RM400–RM700 psf. This project is priced within the market range for the area.
Ideal Venice Residency @ Island Glades, Penang Review — Worth Buying?
NP Score
8/10
Worth Considering
Asking PSF
RM353
per sqft
The case for buying
- Freehold landed house offering excellent long-term ownership security
- Strategic Bukit Gambir location with established residential community
- Affordable RM300,000 price point for property investment entry
- Island Glades development promises modern amenities and infrastructure
- Strong capital appreciation potential in growing Penang market
The honest verdict
Value & Pricing
RM300,000 entry price is competitive for freehold landed houses in Penang's secondary locations, offering reasonable affordability; however, absence of detailed specifications and completion timeline limits assessment of true value proposition and ROI potential.
Location & Connectivity
Bukit Gambir lacks direct MRT access and appears positioned as a suburban residential area; connectivity depends on road infrastructure and proximity to commercial hubs, which requires verification of actual distance to Penang's main employment and shopping centers.
Risk & Timing
Indefinite completion timeline presents significant risk for occupancy certainty and market conditions; lack of specified delivery date raises concerns about project progress, developer credibility, and potential for cost escalation or abandonment typical of smaller Penang developments.
Unlock the full data report — free with sign-in:
- Market price analysis — is it fairly priced?
- Investment analysis — rental yield & capital growth
- Loan eligibility — salary needed to buy
- Area income profile (DOSM)
- Comparable projects side-by-side
No payment needed · Takes 10 seconds
Project Details
Property Type
Landed House
Land Tenure
Freehold
Construction Status
Completed
Bumi Discount
Not Available
Ideal Venice Residency @ Island Glades, Penang Video Tour
Watch a video tour of Ideal Venice Residency @ Island Glades, Penang in Bukit Gambir, Penang. Landed House by Developer.
Video sourced from YouTube. Not affiliated with the developer.
More videos →Why Consider Ideal Venice Residency @ Island Glades, Penang?
Based on location data and market analysis
- ✓Located in Bukit Gambir, Penang
- ✓Freehold title property
- ✓By Developer — verified developer on NewProjek
- ✓Landed House development
Investment Snapshot
Based on verified transaction data for Penang
Est. Monthly Rental
RM1,100–1,400
Based on similar properties in Penang
Gross Rental Yield
4.5%–5.5%
Annual rental / property price
Airbnb Estimate
RM4,200/mo
RM185/night × 76% occupancy · 16.8% gross yield
Area Price Trend
+10.6%
Verified sold prices 2021–2025
Price-to-Income
3.8x income
Lower = more affordable (avg 6.8x)
Estimates based on verified transaction data for similar properties in Penang (2021–2025). Not financial advice.
See full area analysis →Check subsale transaction history in Bukit Gambir
Browse real verified transaction prices for nearby properties
What's Nearby
To see estimated commute time
Powered by Google Maps · Walking times are estimates only
Mortgage Calculator
Est. monthly repayment
RM 1,368/mo
Based on 10% down, 30yr tenure at 4.5% p.a.
Upfront costs
Frequently Asked Questions
What is the price of Ideal Venice Residency @ Island Glades, Penang?▼
Ideal Venice Residency @ Island Glades, Penang starts from RM300k. Contact the developer directly on NewProjek for the latest pricing.
Where is Ideal Venice Residency @ Island Glades, Penang located?▼
Ideal Venice Residency @ Island Glades, Penang is located in Bukit Gambir, Penang, Malaysia.
Who is the developer of Ideal Venice Residency @ Island Glades, Penang?▼
Ideal Venice Residency @ Island Glades, Penang is developed by Developer.
What type of property is Ideal Venice Residency @ Island Glades, Penang?▼
Ideal Venice Residency @ Island Glades, Penang is a Landed House development with Freehold tenure.
What is the construction status of Ideal Venice Residency @ Island Glades, Penang?▼
Ideal Venice Residency @ Island Glades, Penang is currently Completed.
Berapa harga Ideal Venice Residency @ Island Glades, Penang?▼
Ideal Venice Residency @ Island Glades, Penang dijual bermula dari RM300k. Hubungi pemaju terus melalui NewProjek untuk senarai harga terkini.
Looking to buy or rent Ideal Venice Residency @ Island Glades, Penang?
This project is already completed. Browse subsale transactions, current listings, and market data below.
Search Transaction HistoryFind Subsale ListingsOr search rentals →Still want to contact the developer? (e.g., for clubhouse access, complaints, second-phase info)
Contact developer →I confirm that I have read the privacy policy and allow my information to be shared with this developer who may contact me later.
Verified Transaction Data
What do units here actually sell for?
Real stamped SPA prices — not asking prices. From RM69.90.
Search Transaction Data →