1 House for Sale at Ideal Residency
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Ideal Residency, also known as Residensi Bukit Gelugor, is a freehold affordable condominium strategically positioned in the heart of Penang Island's Gelugor area. Developed by Ideal Property Group, this project offers modern homes with comprehensive facilities and excellent connectivity, slated for completion in the first quarter of 2025. This development consists of a single 49-storey tower housing 1,218 residential units. The standard unit layout features a practical built-up area of 850 sq. ft., comprising 3 bedrooms and 2 bathrooms, making it an excellent choice for individuals, couples, and families. Some unit variations may offer sizes up to 928 sq. ft. Residents of Ideal Residency can enjoy a wide array of recreational and lifestyle amenities designed for a complete living experience. Facilities include a swimming pool, jacuzzi, gymnasium, a 100m indoor running track, jogging track, outdoor gym, yoga deck, and courts for badminton and basketball. The development features a BBQ pavilion, children's playground, children's play pool, a community hall, and a co-working space. Ideal Residency boasts a strategic location with convenient access to major routes and landmarks. Situated near the junction of Jalan Bukit Gambier and Jalan Lembah for easy travel. The property is approximately 5.1 km from the Penang Bridge and 11.3 km from Penang International Airport. A bus stop is located just 50 metres away, served by Rapid Penang routes 206 and 302. The Sungai Nibong Express Bus Terminal is also located nearby for long-distance travel. The residence is ideal for students and academics, being located less than 2km from Universiti Sains Malaysia (USM). Other nearby schools include SK Bukit Gelugor and SMK Bukit Gambir. Access to medical services is convenient, with several facilities in the vicinity.Hospital Lam Wah Ee (2.9 km away). Klinik Desa Gelugor. Taman Tun Sardon Market (950m away). Lotus's E-Gate hypermarket is a short drive away at 3.1 km. Queensbay Mall is also mentioned as being nearby, providing extensive retail and entertainment options. Ideal Residency is a project by Ideal Capital Venture Sdn. Bhd., a subsidiary of the well-established and large-scale developer, Ideal Property Group, known for developing numerous successful projects across Malaysia.
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Drawing on 30 days of PropertyGuru search activity, the project maintains notable traction in local search behaviour, recording a 23.57% share within Kampung Kastam. This level of visibility highlights the development as a prominent choice for property seekers exploring the immediate vicinity.
Most-searched Units: 3-BedroomPopular preferences: Balcony
Pricing by Unit Types:
- 3-Bedroom Units:
- Avg Asking Price: RM 440K
- Avg PSF: RM 518 psf (7.72% higher compared to Kampung Kastam average of RM 481 psf)
- Available Units: 1
- ASTAKA TAMAN TUN SARDON (948m, 11-12 mins) — Convenient access to local bus routes for easy travel around the Gelugor area.
- KTM MOTOR (969m, 11-12 mins) — Additional transport link nearby to help you get around the neighbourhood without a car.
- SK BUKIT GELUGOR (685m, 8-9 mins) — A very short walk for primary school students, making the morning school run much easier for parents.
- SMK BUKIT GAMBIR (809m, 9-10 mins) — Nearby secondary education options allow older children to walk to school safely and quickly.
- SMK DATUK HJ. MOHAMED NOR AHMAD (820m, 9-10 mins) — Another reputable local school within walking distance, providing more choices for families.
- KLINIK KESIHATAN IBU DAN ANAK TAMAN TUN SARDON (1059m, 12-13 mins) — Essential maternal and child healthcare services located just a short distance away.
- MEGA KULIM PHARMACY (1216m, 14-15 mins) — Handy for picking up prescriptions and daily health necessities close to home.
- KLINIK PERGIGIAN TIEW (1268m, 15-16 mins) — Professional dental care services nearby to keep up with regular family check-ups.
- N.G. LIGHTING (1577m, 18-19 mins) — Useful local retail outlet for home improvement and lighting needs.
- HALALAN TOYYIBA MART (1780m, 21-22 mins) — A nearby mart for your daily grocery shopping and household essentials.
- GEMBIRA PARADE (1836m, 22-23 mins) — A local shopping spot for a variety of retail services and community needs.
- MCDONALD'S DESA UNIVERSITI (837m, 10-11 mins) — A quick and easy spot for a family meal or a late-night snack just down the road.
- DOMINO'S (870m, 10-11 mins) — Convenient pizza delivery or takeaway option for busy weeknights.
- PASSIONS OF KERALA (1124m, 13-14 mins) — Famous local dining spot nearby for those who enjoy authentic and flavourful meals.
- MAYBANK (1321m, 15-16 mins) — Major banking services nearby for all your personal and business financial needs.
- BANK SIMPANAN NASIONAL (1502m, 18-19 mins) — Another accessible banking option for residents in the Gelugor area.
- 7-ELEVEN (552m, 6-7 mins) — Just a few minutes away for quick snacks, drinks, or emergency supplies at any time.
- TREATS (1065m, 12-13 mins) — A handy stop for light refreshments and quick purchases on your way home.
- SURAU KAMPUNG KASTAM (501m, 6-7 mins) — Very close by for residents looking for a nearby place for daily prayers.
- MASJID AT-TAQWA (842m, 10-11 mins) — A prominent local mosque within easy walking distance for the community.
- VICTORY LUTHERAN CHURCH (1011m, 12-13 mins) — Nearby place of worship serving the local Christian community.
- GOVERNMENT KINDERGARTEN TAMAN TUN SARDON (658m, 7-8 mins) — Affordable early childhood education located very close to the residence.
- TABIKA KEMAS TAMAN TUN SARDON (942m, 11-12 mins) — Another convenient pre-school option for families with young children.
Ideal Residency demonstrates a notable upward trend in capital value, reflecting a strengthening market position within its segment.
- PSF Appreciation: RM506.471 psf → RM597.647 psf over recent years (+18%) from 2023 - 2025.
- PG Pulse Insight: The project has achieved a significant PSF growth of 18%, indicating a positive capital appreciation trend for investors.
Published date: June 17, 2026





