4 Houses for Sale at Ideal Venice Residency
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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.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.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. 850 sq. ft. 3 Bedrooms, 2 Bathrooms. 4 towers, 46 storeys high.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.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.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.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.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.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.
DeveloperIdeal Property Group
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PropertyGuru data spanning the past 30 days shows that the project maintains notable traction in local search behaviour, recording a 45.23% share within Kampung Kastam. Recent data places the project among the more actively browsed options in the area, with a 45.23% search share.
Pricing by Unit Types:- 1-Bedroom Units:
- Avg Asking Price: RM 0
- Avg PSF:
- Available Units: 1
- 3-Bedroom Units:
- Avg Asking Price: RM 427K
- Avg PSF: RM 492 psf (6.36% higher compared to Kampung Kastam average of RM 462 psf)
- Available Units: 4
- KTM MOTOR (528m, 6-7 mins) — Convenient local bus access for residents heading towards the main roads of Gelugor.
- ASTAKA GELUGOR (612m, 7-8 mins) — Well-placed stop that connects the neighborhood to the wider public transport network.
- SMK DATUK HJ. MOHAMED NOR AHMAD (256m, 3-4 mins) — A very short walk for secondary students, making the morning school run effortless for families.
- BRAINY BUNCH - GELUGOR (613m, 7-8 mins) — Quality early childhood education located just a few minutes away for young children.
- SK MINDEN HEIGHT (720m, 8-9 mins) — Reputable primary school within walking distance, ideal for parents prioritizing proximity.
- KLINIK KESIHATAN IBU DAN ANAK TAMAN TUN SARDON (634m, 7-8 mins) — Essential maternal and childcare services located nearby for young families.
- SITI CLINIC (797m, 9-10 mins) — Accessible medical care for general health consultations and family wellness.
- PENAWAR CLINIC 24HRS (875m, 10-11 mins) — Round-the-clock medical assistance available for any late-night emergencies or urgent care.
- HALALAN TOYYIBA MART (1262m, 15-16 mins) — Local mart providing a variety of grocery options and daily household essentials.
- N.G. LIGHTING (1819m, 21-22 mins) — Specialized retail nearby for home improvement and lighting needs.
- PASSIONS OF KERALA (933m, 11-12 mins) — Popular local dining spot known for authentic flavors, perfect for family weekend meals.
- JAYA RESTAURANT (GELUGOR) (964m, 11-12 mins) — Convenient eatery nearby for quick daily meals and local favorites.
- MCDONALD'S DESA UNIVERSITI (1172m, 14-15 mins) — Familiar fast-food option located a short drive away for a quick treat.
- MAYBANK (880m, 10-11 mins) — Major banking services located within the vicinity for easy financial transactions.
- BANK SIMPANAN NASIONAL (1061m, 12-13 mins) — Additional banking branch nearby providing essential financial facilities for residents.
- TREATS (624m, 7-8 mins) — Handy spot for grabbing quick snacks or small items on the go.
- 7-ELEVEN (887m, 10-11 mins) — Reliable 24-hour convenience store for last-minute needs at any time of day.
- SURAU KAMPUNG KASTAM (60m, 1 min) — Extremely close prayer facility located just steps away from the residence.
- MASJID AT-TAQWA (813m, 9-10 mins) — Local community mosque within easy reach for residents.
- GOVERNMENT KINDERGARTEN TAMAN TUN SARDON (645m, 7-8 mins) — Affordable and accessible early education option for local families.
- TABIKA KEMAS TAMAN TUN SARDON (824m, 9-10 mins) — Community-based preschool facility serving the immediate neighborhood.
IDEAL VENICE RESIDENCY is currently establishing its market presence with limited transaction data available for analysis.
- Transactions: 0 sale transactions in the last 12 months, indicating limited sale activity.
- PG Pulse Insight: Sale activity for IDEAL VENICE RESIDENCY remains limited as the project matures in the current market.
Published date: September 2, 2026