7 Houses for Sale at Ideal Venice Residency
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
Explore PropertyGuru
PropertyGuru data spanning the past 30 days shows that the project remains one of the more visible names in recent search data, capturing 54.31% of Kampung Kastam queries. This high level of interest underscores its prominent position within the local condominium market for active buyers.
Most-searched Units: 4-BedroomPricing by Unit Types:
- 3-Bedroom Units:
- Avg Asking Price: RM 464K
- Avg PSF: RM 520 psf (12.31% higher compared to Kampung Kastam average of RM 463 psf)
- Available Units: 3
Location & Lifestyle Highlights — Ideal Venice Residency
657m (7-8 mins) to ASTAKA TAMAN TUN SARDON — This central transit point provides a reliable link for residents to navigate the local Gelugor area and connect to the wider Penang transport network.
Ideal Venice Residency brings a touch of European charm to Island Glades, combining Venetian-inspired architecture with a practical location that puts daily essentials and schools within easy reach. It is a unique thematic home that offers a relaxed lifestyle while keeping you well-connected to the city's major expressways and bridges.
Nearby hotspots:
Bus Stops (4 within 1 km):
- KTM MOTOR (568m, 6-7 mins) — A handy nearby stop that makes catching a bus for your daily commute simple and stress-free.
- ASTAKA GELUGOR (652m, 7-8 mins) — Another accessible boarding point that adds more options for traveling around the island.
- SMK DATUK HJ. MOHAMED NOR AHMAD (226m, 2-3 mins) — This secondary school is just a short walk away, making it very convenient for students living in the residency.
- BRAINY BUNCH - GELUGOR (613m, 7-8 mins) — A well-known early learning center nearby that is great for parents with young children.
- SK MINDEN HEIGHT (720m, 8-9 mins) — A reputable primary school within the neighborhood that serves the local community well.
- KLINIK KESIHATAN IBU DAN ANAK TAMAN TUN SARDON (634m, 7-8 mins) — Essential maternal and child healthcare services are located close by for peace of mind.
- SITI CLINIC (797m, 9-10 mins) — A nearby medical clinic available for general health consultations and family check-ups.
- PENAWAR CLINIC 24HRS (915m, 10-11 mins) — Round-the-clock medical assistance is available here for any late-night emergencies.
- HALALAN TOYYIBA MART (1262m, 15-16 mins) — A local mart where residents can pick up groceries and daily household necessities.
- PASSIONS OF KERALA (933m, 11-12 mins) — A popular spot for those who enjoy authentic flavors and a good meal close to home.
- JAYA RESTAURANT (GELUGOR) (964m, 11-12 mins) — A local favorite for a quick and satisfying bite during the day or evening.
- MCDONALD'S DESA UNIVERSITI (1210m, 14-15 mins) — A familiar fast-food option nearby for a convenient treat or a quick family meal.
- MAYBANK (920m, 11-12 mins) — Having a major bank nearby makes handling your personal finances and ATM withdrawals much easier.
- TREATS (664m, 7-8 mins) — A very close option for grabbing a quick snack or drink while on the go.
- 7-ELEVEN (927m, 11-12 mins) — The world's most famous convenience store is within reach for any last-minute essentials at any hour.
- SURAU KAMPUNG KASTAM (100m, 1-2 mins) — Located just steps away, providing a very convenient place for daily prayers for Muslim residents.
- MASJID AT-TAQWA (813m, 9-10 mins) — A significant local mosque that serves the spiritual needs of the surrounding community.
- GOVERNMENT KINDERGARTEN TAMAN TUN SARDON (686m, 8-9 mins) — A reliable local preschool option that is easily accessible for young families.
Highly attractive for: Young Families, Education-focused Parents, First-time Homebuyers, and Local Investors.
Market & Sale Insights
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: October 17, 2026