29 Houses for Sale at I-Regency Condominium (Ideal Regency)
In Penang Island, Bukit Gambier is a lately established neighborhood and Ideal Regency (also known as I- Regency) is a freehold high rise condominium which snuggled in Jalan Bukit Gambier, Gelugor, Penang. it was developed by Cygal Properties Sdn. Bhd and completed in 2009. The current sale price is ranging from somewhere between RM 590,000 to RM 1,650,000 which is about RM 490 to RM 562 per sq. ft. For rental price, it is ranging from RM 1,500 to RM 2,000. As mentioned earlier, I-Regency is a high rise lavish condominium with an exclusive feature that applies semi-detached concept in the sky with scenic sea view. This residential development consists of total 5 condominium blocks, 8-storeys and 21-storeys building. Moreover, it also includes three different types of unit which are Condo-Villa Type 1 & 2 and Sky-Villa. Firstly, the built-up area for Condo-Villa Type 1 is approximately 1,325 sq. ft. per unit with only 2 units per floor. Next, the built-up area for Condo-Villa Type 2 is approximately 1,500 sq. ft. per unit with only 2 units per floor. Lastly, the built-up area for Sky-Villa is approximately 1,200 sq. ft. per unit with only 10 units per floor. Among these 5 condominium blocks, 2 blocks of them are Condo-Villa Type 1; 2 blocks of them are Condo-Villa Type 2; 1 block of them is Sky-Villa. In total, there are 258 units for the whole 5 condominium blocks. The Condo-Villa Type 1 & 2 each consists of 32 units respectively and the Sky- Villa consists of 194 units. With that, each unit of the condominium is equipped with 3 bedrooms and 2 bathrooms. I-Regency’s concept is to portray a resort lifestyle with luxury facilities. There are many kind of luxurious facilities such as swimming pool, wading pool, playground, barbecue area, gymnasium, jogging track, sauna/steam bath, mini mart, card access, CCTV system and 24 hour security surveillance. Furthermore, there are also 2 side by side covered car parks near to the elevator. Idyllically, I-Regency is located at a strategic location along the Jalan Bukit Gambier. The Jalan Bukit Gambier is the main egress and ingress point for the residents which makes their travelling to be more convenient. It is next to the University Science Malaysia (USM) and Tesco Extra. The Palazzia Commercial Center is just in front of the I-Regency. Besides, it only takes 10 minutes’ driving to the Penang Bridge and 15 minutes’ driving to the Bayan Lepas Free Trade Zone. Some others nearby shopping complexes are Pan Palace Plaza and Bukit Jambul Complex. Other than that, some vicinity schools can be found here namely Sekolah Menengah Kebangsaan Bukit Gambir, Sekolah Menengah Kebangsaan Bukit Jambul, Sekolah Rendah Jenis Kebangsaan (Cina) Kwang Hoe, St Christopher's International Primary School, Sekolah Menengah Jenis Kebangsaan Phor Tay and so on. There are also places of worship which can be seen nearby the condominium such as Surau Ivory Bukit Gambir, Nan Tien Gong Temple and Sri Veerama Kaliamman Devasthanam Temple. Bukit Gambir is easily accessible from the Northbound (Georgetown) and Southbound (Bayan Lepas) through the Jelutong Expressway which can be accessed via the roundabout near Tesco Penang (nearby Bukit Dumbar). There are Rapid Penang Buses with the number of 301 and 302 pass through Jalan Bukit Gambir to provide high networking for the residents. Taxi services are also plied around the area to provide convenient commuting. Other projects around the area that might be worth checking out include Platino Luxury Condominium, The Light Linear Waterfront , Vertiq, Bayswater and Arte S.
DeveloperSycal Properties Sdn Bhd
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The project maintains notable traction in local search behaviour, recording a 46.15% share within Bukit Gambier based on PropertyGuru search data over the past 30 days. This high level of visibility indicates that it is a primary consideration for buyers exploring the township market.
Pricing by Unit Types:- 3-Bedroom Units:
- Avg Asking Price: RM 677K
- Avg PSF: RM 530 psf (0.67% lower compared to Bukit Gambier average of RM 534 psf)
- Available Units: 10
- 4-Bedroom Units:
- Avg Asking Price: RM 792K
- Avg PSF: RM 511 psf (7.86% lower compared to Bukit Gambier average of RM 554 psf)
- Available Units: 2
- 5+ Bedroom Units:
- Avg Asking Price: RM 738K
- Avg PSF: RM 476 psf (31.23% lower compared to Bukit Gambier average of RM 692 psf)
- Available Units: 2
- RST BUS STATION (461m, 5-6 mins) — Convenient access to local bus routes for a straightforward daily commute.
- PADANG KAWAD (864m, 10-11 mins) — Additional boarding point serving the university area and surrounding neighborhoods.
- SMK BUKIT JAMBUL (1407m, 16-17 mins) — A reputable secondary school nearby providing quality education for local families.
- SMK BUKIT GAMBIR (1422m, 17-18 mins) — Nearby government school offering convenient secondary education for residents.
- SJK (CINA) KEONG HOE, SUNGAI DUA (1750m, 21-22 mins) — Established primary school option for families seeking a Chinese-medium education.
- JABRA SERVICE CENTRE (815m, 9-10 mins) — Local wellness and service point accessible within a short walk or drive.
- USM NATIONAL POISON CENTRE J15 (1450m, 17-18 mins) — Specialized medical resource located within the neighboring university campus.
- NIBONG PHARMACY (1476m, 17-18 mins) — Handy retail pharmacy for daily healthcare needs and prescriptions.
- THE PALAZZIA (117m, 1-2 mins) — Commercial center located right at the doorstep for immediate shopping and service needs.
- IVORY PLAZA (860m, 10-11 mins) — Nearby retail hub offering a variety of local shops and services.
- LOTUS'S (1497m, 18-19 mins) — Large hypermarket for convenient weekly grocery runs and household essentials.
- NASI KANDAR KHALEEL (791m, 9-10 mins) — Popular local eatery for those looking for authentic Penang flavors close to home.
- ALFRESCO COFFEE (883m, 10-11 mins) — Relaxed spot for a quick caffeine fix or casual meetups with friends.
- SAMBOS CAFE (883m, 10-11 mins) — Local dining option providing a variety of meals within walking distance.
- K14 PUSAT SUKAN DAN REKREASI (857m, 10-11 mins) — Access to sports and recreational facilities within the USM grounds.
- DESASISWA INDAH KEMBARA (L05) (917m, 11-12 mins) — Proximity to the university campus makes this an ideal spot for academic staff and students.
I-Regency Condominium (Ideal Regency) demonstrates a positive capital growth trend with recent transaction data reflecting an upward movement in property valuation.
- PSF Appreciation: RM520.308 psf → RM564.854 psf over recent years (+8.56%) from 2023 - 2026.
- Transactions: 1 sale transaction in the last 12 months, indicating modest sale activity.
- PG Pulse Insight: The project shows a notable PSF growth of +8.56% despite limited sale activity, suggesting a firming of price levels within the development.
Published date: August 3, 2026