133 Houses for Sale at Queens Residences Q1 @ Queens Waterfront
Queens Residences @ Queens Waterfront is an exclusive freehold development located in Bayan Lepas, Penang. Ideal Property Group was tasked with this massive undertaking of perfecting this mixed development comprising Queens Residences, Queens Sports Centre, and an International School. This development is constructed mainly on reclaimed land and is expected to be fully operational in 2022. Queens Residences consists of 4 towers, 2 of which (Q1 and Q2) are already open for sale. Q1 comprises of 500 units while Q2 has 450. Complementing this development are the international standard sports centre (which houses a velodrome, a FINA standard aquatic centre, and a 2-acre football field) and the international school, which will be ready during the final construction phase of this project. Bayan Lepas is a busy city on Penang Island. This city is one of the most developed in Penang, hosting many of Penang’s iconic projects and landmarks, such as the Penang International Airport and Queensbay Mall. Bayan Lepas is also home to the Bayan Lepas Free Trade Zone, making it a central industrial hub. The Bayan Lepas Expressway feeds into and out of the city, and local commuters can also rely on public transportation such as the Rapid Penang bus services. Some local amenities nearby Queens Waterfront include petrol kiosks, post offices, banks, clinics, and convenience stores. Queens Residences will be complemented with a wide range of top-notch amenities to suit various lifestyles. Tenants can have a relaxing stroll in the parks, linear gardens, and rooftop gardens and enjoy the evening breeze. Swimming and wading pools are available in the residences. A sports bar will be available in tower Q1, where residents can have a drink after a long day and enjoy table tennis, darts, and snooker. There’s also a 3-tier security system to safeguard the residences. The first phase of Queens Residences, Q1, consists of 500 condominium units in a 21-storey structure with a build-up area ranging from 950 sq ft to 1,650 sq ft. The ground floor and first floor of this 21-storey tower will feature commercial outlets. The available layouts for Q1 are: Type A (950 sq ft, 2 bedrooms + 2 bathrooms) Type B (1,000 sq ft, 2 bedrooms + 1 study + 2 bathrooms) Type C (1,200 sq ft, 2 bedrooms + 1 study + 2 bathrooms) Type D (1,400 sq ft, 3 bedrooms + 2 bathrooms) Type E (1,650 sq ft, 4 bedrooms + 3 bathrooms) The second phase of Queens Residences, Q2, is made of 450 condominium units in a 24-storey structure with a build-up area of 950 sq ft to 1,650 sq ft, with the Dual Key concept. Similar to Q1, the ground floor will feature a commercial zone, but the 1stfloor will be consisting of office spaces as well as a nursery. The available layout for Q2 are: Type A (950 sq ft, 2 bedrooms + 2 bathrooms + 1 powder room) Type B (1,000 sq ft, 2 bedrooms + 1 study + 2 bathrooms) Type C (1,200 sq ft, 2 bedrooms + 1 study + 2 bathrooms) Type D (1,400 sq ft, 3 bedrooms + 2 bathrooms) Type E (1,650 sq ft, 4 bedrooms + 3 bathrooms) There are 3 national school near the development that are Sekolah Kebangsaan Sungai Nibong, SMK Sungai Nibong and SJC Kwang Hwa. Universiti Sains Malaysia, one of the highest recognised local universities, is also a short drive away, providing an option for higher education. There are also many other educations institute nearby. Some of the well-known clinic nearby are Klinik Malaysia, Klinik Medicris, Klinik Zainal, Klinik Perubatan Tanah Melayu and Klinik Krystal. Queensbay Mall is within a walking distance from Queens Waterfront and there many stores within the mall such as AEON, Harvey Norman and many more. Penang is always famous for many Malaysian delicacies and there many restaurants too. Some of the restaurants near Queens Waterfront are Spink Restaurant & Lounge, Cherry Blossom Thai Restaurant Dandy Modern Food, US PIZZA, Masala Hut Authentic Indian Cuisine and Spade's Burger. Other interesting landmarks located in Bayan Lepas are the Snake Temple and the War Museum but it’s a little further from Queens Waterfront. Ideal Property Group is one of Malaysia’s leading property developers, successfully delivering high quality housing developments and earning impressive accolades such as: Asia Pacific Property Awards 2019 - 2020 Queens Waterfront Winner of Mixed-use Development Malaysia Property Insight Prestigious Developer Awards 2019 The Amarene – Winner of the ‘Best Family Centric Development’ Asia Property Awards 2019 i-Santorini – Winner of the ‘Best Mass Market Development (Penang)’ StarProperty.my Awards 2019 The Amarene – Honours Winner of ‘The Family-Friendly Award’ Housing at Queens Residences will have a launch price of RM644,999 to RM977,500, or a launch value of RM679 psf to RM815 psf.Ideal Property Group has their mark on other projects as well such as Imperial Residences @ Sungai Ara,One Imperial, Tree Sparina @ Ideal Vision Park,Fiera Vista, and One Foresta @ Bayan Lepas. Other noteworthy projects in the locale are Tropicana Bay Residences @ PWC, Setia Pinnacle, Tree Sparina @ Ideal Vision Park, One Imperial and The Clovers.
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Recent search data shows the project remains relevant to active buyer seekers in the area, drawing on 30 days of PropertyGuru search activity. The development continues to draw interest in the local market, maintaining a steady presence among those exploring high-quality residential options.
Pricing by Unit Types:- 2-Bedroom Units:
- Avg Asking Price: RM 1.13M
- Avg PSF: RM 1,134 psf
- Available Units: 38
- 3-Bedroom Units:
- Avg Asking Price: RM 1.78M
- Avg PSF: RM 1,677 psf
- Available Units: 40
- 4-Bedroom Units:
- Avg Asking Price: RM 2.60M
- Avg PSF: RM 1,576 psf
- Available Units: 1
- QUEENSBAY MALL (410m, 4-5 mins) — Convenient access to major bus routes for a smooth journey across the city.
- BAY GARDEN (944m, 11-12 mins) — Additional transport option nearby for residents heading towards the southern parts of the island.
- O2 CLINIC SKIN SPECIALIST (1110m, 13-14 mins) — Specialized medical care available within a short drive for your dermatological needs.
- WONG & SIM DENTAL SURGERY (1121m, 13-14 mins) — Professional dental services located nearby for regular family check-ups.
- SRI NIBONG PHARMACY (1478m, 17-18 mins) — Reliable local pharmacy for quick access to healthcare essentials and prescriptions.
- VILLAGE GROCER (427m, 5-6 mins) — Premium grocery shopping just a short walk away for fresh produce and imported goods.
- QUEENSBAY MALL (528m, 6-7 mins) — Penang's largest shopping destination is practically next door for all your fashion, tech, and lifestyle needs.
- AEON (741m, 8-9 mins) — One-stop department store that makes weekend family shopping trips incredibly easy.
- KENNY ROGERS ROASTER (0m, 0 min) — Immediate dining option located right within the development for a quick and healthy meal.
- ZUS COFFEE (57m, 1 min) — Popular local coffee spot just steps away, perfect for your morning caffeine fix or a quick meeting.
- HAIDILAO HOT POT (472m, 5-6 mins) — Famous hot pot dining experience nearby, ideal for gathering with friends and family.
- MAYBANK (718m, 8-9 mins) — Essential banking services located within the Queensbay area for your daily financial transactions.
- HSBC (974m, 11-12 mins) — International banking facilities nearby providing convenience for professionals and business owners.
- CU (48m, 1 min) — Trendy Korean convenience store located right at your doorstep for late-night snacks and essentials.
- FAMILYMART (934m, 11-12 mins) — Popular 24-hour outlet nearby offering a wide variety of ready-to-eat meals and daily necessities.
- MASJID PANTAI JERJAK (1923m, 23-24 mins) — Local community mosque accessible within a short drive for residents.
Queens Residences Q1 @ Queens Waterfront demonstrates a positive capital growth trajectory with a notable increase in price per square foot over recent years.
- PSF Appreciation: RM1,119.398 psf → RM1,161.213 psf over recent years (+3.74%) from 2023 - 2025
- PG Pulse Insight: The project maintains a steady upward trend in PSF value, reflecting consistent capital appreciation for property owners.
Published date: June 5, 2026






















