Condominium

Ideal Venice Residency

Lorong Lembah 3, 11700, Penang


Property details

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Condominium

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Freehold Tenure

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Completion in 2026

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1632 total units

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46 floors

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RM 439 - 685 PSF

Residential Listings

Sale price starting from

RM 373,000

Rental price starting from

RM 1,300

Discover Ideal Venice Residency

Ideal Venice Residency: Venetian-Inspired Living in Gelugor, Penang

Ideal Venice Residency is a freehold residential condominium located in the Island Glades township of Gelugor, Penang. Developed by the renowned Ideal Property Group, this project draws inspiration from the romantic architecture of Venice, Italy, offering residents a unique thematic living experience. The development is slated for completion in 2026.

Concept and Design

Inspired by the famous Italian city, Ideal Venice Residency aims to bring a European feel to Penang with architectural features that mimic the Rialto Bridge and even include classic gondolas in shallow "canals" on the facilities podium. The project consists of four 46-storey towers, housing a total of 1,632 units. These apartment towers are built atop a 6-storey parking podium, with the amenities strategically placed between the towers.

Project Details and Floor Plans

Ideal Venice Residency offers standardized units with a built-up area of 850 sq. ft., featuring a practical layout of 3 bedrooms and 2 bathrooms, complete with a balcony and yard. The development has two primary layouts, Type A and Type B. Type A units are allocated under the PR1MA affordable housing scheme, while Type B units are available on the open market.

  • Built-up Area: 850 sq. ft.
  • Layout: 3 Bedrooms, 2 Bathrooms.
  • Towers: 4 towers, 46 storeys high.

Extensive Facilities

Residents have access to a comprehensive list of indoor and outdoor facilities located on Level 8. Outdoor amenities include a swimming pool, jacuzzi, children's pool with wet play, BBQ pavilion, basketball court, and a reflexology path. Indoor facilities feature a gym room, badminton court, games room, yoga room, community hall, and a function hall.

Nearby Amenities and Accessibility

Connectivity

The development boasts excellent connectivity, situated along Jalan Lembah and accessible via major arteries like Jalan Bukit Gambir, Jalan Sultan Azlan Shah, and the Tun Dr Lim Chong Eu Expressway (LCE). It is located approximately 6km from the Penang Bridge and 11km from the Penang International Airport. The Sungai Nibong Bus Terminal is about 5km away, and the Komtar Bus Terminal is 7km from the residence.

Education

Ideal Venice Residency is strategically located for families, with numerous educational institutions nearby. It is just 4km from Universiti Sains Malaysia (USM) and 6km from INTI International College Penang. Other nearby schools include Penang Free School, Chung Ling High School, SJK(C) Kwang Hwa, and SMK Bukit Jambul.

Shopping & Retail

For shopping and daily needs, residents are a short drive from several major retail hubs. Queensbay Mall is 9km away, Bukit Jambul Complex is 6km away, and the Tun Abdul Razak Complex (KOMTAR) is an 8km drive. Lotus's E-Gate is also conveniently located nearby.

Healthcare

Access to healthcare is convenient, with several major hospitals within a 7km radius, including Lam Wah Ee Hospital, Pantai Hospital Penang, and Penang General Hospital.

The Developer

Ideal Venice Residency is a project by Ideal Property Group (a subsidiary of Ideal Capital Berhad), a reputable developer with a significant portfolio of completed residential and commercial units, particularly in Penang. The company is known for other successful projects such as Queens Residences and Imperial Grande.


Common facilities

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24-hour security

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BBQ

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Gym

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Landscaped Garden

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Multi-purpose hall

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Parking

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Playground

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Swimming pool


Building details

Building# Floors# Units
Building @ Ideal Venice Residency
46
1632





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FAQs

Selling prices in Ideal Venice Residency start from RM 373,000.
The current PSF range in Ideal Venice Residency start from RM 439.
Rental prices in Ideal Venice Residency start from RM 1,300.
Ideal Venice Residency has 46 floors.
Ideal Venice Residency is located at Lorong Lembah 3, Penang.
Residential Listings

Sale price starting from

RM 373,000

Rental price starting from

RM 1,300
Residential Listings