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 tenure ensures permanent ownership and asset security
- Affordable landed house pricing at RM300,000 entry point
- Bukit Gambir location offers established residential neighbourhood stability
- Island Glades development provides integrated community living environment
- Strong property appreciation potential in growing Penang market
The honest verdict
Value/Pricing
RM300,000 entry price is competitive for freehold landed houses in Penang's emerging areas, offering reasonable value for buyers seeking affordable homeownership, though without comparison to similar developments in Bukit Gambir, the pricing competitiveness cannot be definitively assessed.
Location/Connectivity
Bukit Gambir's position lacks direct MRT connectivity, limiting accessibility to public transport infrastructure; however, the area's proximity to Island Glades suggests potential for future development and amenities, though current connectivity relies primarily on road-based transport.
Risk/Timing
The absence of a specified completion date presents a significant timing risk and project uncertainty; buyers should exercise caution regarding project timeline, potential delays, and the developer's track record before committing, as unclear delivery schedules can impact investment returns and occupancy planning.
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- 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
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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
- ✓Freehold tenure ensures permanent ownership and asset security
- ✓Affordable landed house pricing at RM300,000 entry point
- ✓Bukit Gambir location offers established residential neighbourhood stability
- ✓Island Glades development provides integrated community living environment
- ✓Strong property appreciation potential in growing Penang market
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
3.4x 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
Can I afford this?
Estimate only — actual bank approval depends on your credit profile and existing commitments.
Est. monthly repayment
RM 1,228/mo
Based on 10% down, 35yr tenure at 4.2% p.a.
Minimum gross monthly income typically needed
RM 2,047/mo
Assumes no other debts, at a comfortable 60% DSR. Banks allow up to ~70% — existing car/personal loans lower how much you qualify for.
Check with your real income →Estimated cash needed upfront
Part of your down payment and stamp duty can often be covered using EPF Account 2 savings (subject to eligibility and withdrawal limits).
Full stamp duty & legal fee breakdown →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.
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Verified Transaction Data
What do units here actually sell for?
Real stamped SPA prices — not asking prices. From RM69.90.
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