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Queens Residences Q2 @ Queens Waterfront – PropertyGuru Market Pulse Insights

Recent search data shows the project remains relevant to active buyer seekers in the area, drawing on 30 days of PropertyGuru search activity. This development continues to attract browsing attention from those looking for premium residential options in the local market.

Pricing by Unit Types:

2-Bedroom Units:
- Avg Asking Price: RM 1.48M
- Avg PSF: RM 1,303 psf
- Available Units: 10
3-Bedroom Units:
- Avg Asking Price: RM 1.65M
- Avg PSF: RM 1,363 psf
- Available Units: 22
4-Bedroom Units:
- Avg Asking Price: RM 2.90M
- Avg PSF: RM 1,758 psf
- Available Units: 2

Key Takeaway: Market demand indicators point strongly towards the 3-Bedroom configurations as the primary focus for buyer interest, supported by the highest volume of available listings. The 4-Bedroom units occupy a selective premium position, commanding a significantly higher price per square foot amidst very tight inventory. Overall, the pricing structure reflects a clear premium for larger, exclusive layouts while maintaining a steady supply of mid-sized units. This distribution suggests a market supported by buyers seeking a balance between spacious living and pricing discipline.

Location & Lifestyle Highlights — Queens Residences Q2 @ Queens Waterfront 406m (4-5 mins) to QUEENSBAY MALL — This central transit point links you directly to the wider Bayan Lepas area and key island routes for an easy daily commute. Wake up to the calming sea breeze in this award-winning waterfront precinct where the luxury of coastal living meets the ultimate convenience of having Penang's premier shopping and dining right at your doorstep. This is a rare chance to enjoy a resort-style home that keeps you perfectly connected to the city's heartbeat while offering a peaceful escape by the water. Nearby hotspots: Bus Stops (4 within 1 km):

QUEENSBAY MALL (406m, 4-5 mins) — Major bus hub providing extensive coverage across the island for hassle-free public transport.
BAY GARDEN (815m, 9-10 mins) — Convenient local stop serving the immediate residential neighbourhood and waterfront area.

Education & Early Learning:

SK SG NIBONG (1941m, 23-24 mins) — Established local primary school serving the community for families with school-going children.

Healthcare & Wellness:

O2 CLINIC SKIN SPECIALIST (928m, 11-12 mins) — Specialized medical care nearby for dermatological and wellness needs.
WONG & SIM DENTAL SURGERY (940m, 11-12 mins) — Professional dental services within easy reach for regular family check-ups.
SRI NIBONG PHARMACY (1296m, 15-16 mins) — Reliable local pharmacy for daily health essentials and prescription needs.

Shopping & Retail:

VILLAGE GROCER (71m, 1 min) — Premium groceries and fresh produce available just a few steps from your lobby for maximum convenience.
QUEENSBAY MALL (524m, 6-7 mins) — Direct access to Penang's largest mall for a massive variety of international brands and entertainment.
AEON (736m, 8-9 mins) — Handy department store for household shopping and everyday lifestyle necessities.

Dining & Food:

SIAMLOH MOOKATA (107m, 1-2 mins) — Popular Thai-style dining right around the corner for casual evening meals with friends.
ZUS COFFEE (120m, 1-2 mins) — Quick spot for your morning caffeine fix or a casual afternoon workspace just a short walk away.
KARE SAMA (126m, 1-2 mins) — Specialty dining option nearby adding to the vibrant culinary variety of the waterfront district.

Banks:

MAYBANK (713m, 8-9 mins) — Full-service banking facilities nearby to handle all your personal and business financial matters.
HSBC (969m, 11-12 mins) — International banking services conveniently located within the commercial hub.

Convenience Stores:

CU (120m, 1-2 mins) — Trendy convenience store nearby for quick snacks and essential items at any time.
FAMILYMART (753m, 9-10 mins) — Popular stop for ready-to-eat meals and daily grab-and-go necessities.

Highly attractive for: Young Urban Professionals, Waterfront Investors, Active Retirees, Small Families

Market & Sale Insights

Queens Residences Q2 @ Queens Waterfront presents a premium waterfront residential profile with recent adjustments in market pricing and modest transaction volume.

PSF Appreciation: RM1,189.938 psf → RM1,007.307 psf over recent years (-15.35%) from 2023 - 2025
Transactions: 3 sale transactions in the last 12 months, indicating limited sale activity.
PG Pulse Insight: The project has seen a PSF correction of -15.35% alongside limited sale activity, suggesting a period of price consolidation for investors to monitor.