24 Condominiums for Sale at Maldives Residences
Discover Maldives Residences, a new freehold condominium by the acclaimed Ideal Property Group, located in the vibrant township of Sungai Tiram, Bayan Lepas. Inspired by the iconic tropical paradise, this development brings a resort-style living experience to Penang, blending modern comforts with extensive recreational facilities. Scheduled for completion around 2027, Maldives Residences is designed for those seeking a harmonious balance between urban convenience and serene, holiday-inspired living. Maldives Residences consists of four 46-storey residential towers, housing a total of 1,665 units. The entire development is set on a 7.08-acre parcel of land, with an impressive 3.3 acres dedicated to a recreational podium and water features that evoke the feeling of a luxurious island getaway. The project's core concept is to provide an affordable, resort-like lifestyle complete with a plethora of amenities. The development offers thoughtfully designed units to cater to various needs, from young professionals to families. The layouts feature an open-plan concept for the living, dining, and kitchen areas, with each unit including a balcony. 850 sq ft, featuring 3 bedrooms and 2 bathrooms. Approximately 930 sq ft, also with 3 bedrooms and 2 bathrooms, offering flexible living arrangements perfect for multi-generational families or rental investment. Residents of Maldives Residences can enjoy a comprehensive suite of facilities designed for relaxation, fitness, and community engagement. Highlights include: Infinity Pool, Wading Pool, Jacuzzi, Water Swing, and a Water Slide Deck. A modern Gymnasium, Mini Jogging Track, Outdoor Gym, Yoga Deck, and Reflexology Path. The Maldives Beach Club, BBQ Pavilion, overwater-style Cabanas, Children's Playground, and various gardens like the Courtyard Garden and Herbs and Spice Garden. Strategically positioned along Jalan Sungai Tiram 6, the development boasts excellent connectivity. Less than 2km from Penang International Airport, making air travel exceptionally convenient. Easily accessible via major arteries like Jalan Tun Dr Awang and the Tun Dr Lim Chong Eu Expressway. A proposed LRT station is planned for the vicinity, promising enhanced future connectivity. A short drive from the Bayan Lepas Free Industrial Zone (FIZ). Families will appreciate the proximity to several educational institutions. SMJK Heng Ee (Bayan Baru branch) is within walking distance, and SJKC Chung Shan is approximately 1.3 km away. Straits International School is located just 1.5 km from the residence. INTI International College Penang and Universiti Sains Malaysia are both within an 8km radius. A variety of retail and dining options are located nearby, including Solaria Square and Summerskye Square. For major retail therapy, Queensbay Mall is 7km away, while Giant Hypermarket Bayan Baru is about a 3.5km drive. Access to medical care is readily available, with Pantai Hospital located just over 3km away and Pearl Maternity Hospital within a 5km radius. Maldives Residences is a project by Ideal Property Group, a well-regarded and major real estate developer in Malaysia with a strong track record of successful projects, including The Amarene and Summerskye Residences.
DeveloperIdeal Property Group
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Recent data spanning the past 30 days shows this project holding a 29.17% share of attention in the Sungai Tiram area. This notable traction in local search behaviour highlights the project's visibility among active buyers within the township market.
Most-searched Units: 3-BedroomPopular preferences: Gym
Pricing by Unit Types:
- 3-Bedroom Units:
- Avg Asking Price: RM 430K
- Avg PSF: RM 465 psf (10.24% lower compared to Sungai Tiram average of RM 518 psf)
- Available Units: 18
Location & Lifestyle Highlights — Maldives Residences 1313m (0-5 mins) to KLINIK KESIHATAN BAYAN LEPAS — This nearby medical hub ensures essential healthcare services are within a very short drive for peace of mind. Maldives Residences brings a refreshing island-resort vibe to Bayan Lepas, offering a massive 3.3-acre recreational podium that makes coming home feel like a tropical getaway. It is a perfect spot for those who want a holiday lifestyle right at their doorstep while staying close to the industrial and aviation hubs of Penang. Nearby hotspots: Bus Stops:
- PENANG AIRPORT (1963m, 23-24 mins) — Major transport node providing regional bus connections and easy access for frequent travelers.
- SMJK HENG EE BAYAN BARU CAMPUS (296m, 3-4 mins) — Highly reputable secondary school located just a short stroll away, making the morning school run effortless.
- SJK (C) CHUNG SHAN (1183m, 14-15 mins) — Established primary education option within the neighborhood for local families.
- STRAITS INTERNATIONAL SCHOOL (1417m, 16-17 mins) — Quality international curriculum provider situated conveniently for residents seeking global education standards.
- GUARDIAN (1353m, 16-17 mins) — Reliable pharmacy for daily health essentials and personal care needs.
- KLINIK MENARA (1891m, 22-23 mins) — Nearby medical clinic providing primary healthcare services for the local community.
- SUGO VILLAGE (1450m, 17-18 mins) — Local retail destination for shopping and everyday lifestyle needs.
- ROTI BAKAR (835m, 10-11 mins) — Popular local breakfast spot for a quick and traditional start to the day.
- JOO LEONG CAFE (935m, 11-12 mins) — Famous neighborhood eatery known for its signature local dishes and morning coffee.
- SUNGAI TIRAM FISH HEAD NOODLE (1023m, 12-13 mins) — Well-loved local dining option offering hearty comfort food nearby.
- SHELL SELECT (946m, 11-12 mins) — Quick stop for fuel and essential snacks on the go.
- FAMILYMART (1353m, 16-17 mins) — Popular convenience chain for a wide variety of ready-to-eat meals and Japanese snacks.
- 7-ELEVEN (1450m, 17-18 mins) — Reliable 24-hour outlet for late-night necessities and quick purchases.
- MASJID SUNGAI TIRAM (823m, 9-10 mins) — Local community mosque located within easy reach for residents.
Market & Sale Insights
Maldives Residences presents a market profile characterized by limited recent transaction volume, suggesting a tightly held or emerging residential project.
- Transactions:0 sale transactions in the last 12 months, indicating limited sale activity.
- PG Pulse Insight: Market activity for Maldives Residences currently shows limited sale transactions, reflecting a quiet period for the project's secondary market.
Published date: September 17, 2026