63 Houses for Sale at Queens Residences Q2 @ Queens Waterfront
Queens Residences Q2 is a prestigious freehold condominium, representing the second phase of the award-winning Queens Waterfront development in Bayan Lepas, Penang. Developed by the acclaimed Ideal Property Group, this project was completed in 2022 and offers residents an unparalleled waterfront lifestyle with stunning views of the Penang Bridge and the sea. The development is part of a larger, master-planned precinct that includes a proposed international school and a world-class sports centre.Q2 at Queens Waterfront is a single 24-storey tower comprising 450 exclusive condominium units. The residence is designed with luxury and comfort in mind, featuring a grand drop-off lobby and a 3-tier security system for peace of mind. The ground and first floors host commercial spaces, providing residents with convenient access to alfresco dining, retail, and lifestyle outlets right at their doorstep.Queens Residences Q2 offers a variety of thoughtfully designed layouts to cater to different lifestyles, with built-up areas ranging from 950 sq ft to 1,650 sq ft. Available types include: 2 Bedrooms, 2 Bathrooms. 2 Bedrooms, 2 Bathrooms. Dual-Key layout. 2 Bedrooms, 2 Bathrooms + Study Area. 3 Bedrooms, 2 Bathrooms. 4 Bedrooms, 3 Bathrooms.Residents can indulge in an extensive array of resort-style facilities designed for relaxation and recreation. These include:Infinity pool with a sea view.Family pool, children's pool, and jacuzzi.Aqua-therapy gym and a fully-equipped indoor gymnasium.Hanging cocoons and sea lounges.Children's playground, kids lagoon, and sky sand play pit.Rooftop gardens, BBQ area, and an edible garden.A nursery, games room, and yoga room.The residence enjoys a prime location directly opposite Queensbay Mall, Penang's largest shopping centre, which is just a minute away. Other nearby retail options include AEON outlets and Bay Avenue.The area is close to several educational institutions, including SJK(C) Min Sin, SJK(C) Kwang Hwa, and Fairview International School. The master plan for Queens Waterfront also includes a future international school within the development.Pantai Hospital is conveniently located just 3.5 km away, providing residents with access to quality medical care.Queens Residences Q2 is exceptionally well-connected, with easy access to the Bayan Lepas Expressway (Tun Dr Lim Chong Eu Expressway), the Penang Bridge, and the Second Penang Bridge. The Penang International Airport is approximately 8.1 km away, making travel convenient.Queens Residences Q2 is a project by Ideal Property Group, one of Malaysia’s leading property developers known for delivering high-quality and award-winning projects. The Queens Waterfront development itself has received multiple accolades, including the 'Mix-used Development Award' at the Asia Pacific Property Awards 2019-2020.
Explore PropertyGuru
Online search patterns show the project holding a 2.35% share of attention in the area, based on PropertyGuru search data over the past 30 days. This level of activity highlights the project's visibility and reflects steady buyer interest within the local market.
Most-searched Units: 2-BedroomPricing by Unit Types:
- 2-Bedroom Units:
- Avg Asking Price: RM 1.31M
- Avg PSF: RM 1,279 psf
- Available Units: 22
- 3-Bedroom Units:
- Avg Asking Price: RM 1.53M
- Avg PSF: RM 1,326 psf
- Available Units: 15
- 4-Bedroom Units:
- Avg Asking Price: RM 2.84M
- Avg PSF: RM 1,721 psf
- Available Units: 5
Location & Lifestyle Highlights — Queens Residences Q2 @ Queens Waterfront 406m (4-5 mins) to QUEENSBAY MALL — This central transit point offers a quick and easy daily commute with direct links to the surrounding Bayan Lepas area. Queens Residences Q2 puts you right at the heart of a vibrant waterfront district where the sea breeze and city convenience meet. Living here means having the best of Penang’s retail and dining scene literally at your doorstep, all while enjoying a calm, resort-like atmosphere by the coast. Nearby hotspots: Bus Stops (4 within 1 km):
- QUEENSBAY MALL (406m, 4-5 mins) — Convenient access to several local bus routes for a simple commute around the island.
- BAY GARDEN (945m, 11-12 mins) — Additional bus options nearby that help you get around the neighbourhood without needing a car.
- GOLD COAST KONDOMINIUM (948m, 11-12 mins) — Useful stop for residents looking for alternative public transport links to nearby business hubs.
- O2 CLINIC SKIN SPECIALIST (1163m, 13-14 mins) — Specialized skincare and wellness services are just a short drive or brisk walk away for your personal care needs.
- WONG & SIM DENTAL SURGERY (1175m, 14-15 mins) — Professional dental services located nearby make it easy to keep up with regular family check-ups.
- VILLAGE GROCER (77m, 1 min) — Premium groceries and daily essentials are just a few steps from your lobby, making last-minute shopping effortless.
- QUEENSBAY MALL (524m, 6-7 mins) — Penang’s largest shopping mall is within easy walking distance for endless fashion, tech, and department store options.
- AEON (736m, 8-9 mins) — A major retail anchor nearby that provides everything from household goods to fresh produce for the family.
- SIAMLOH MOOKATA (113m, 1-2 mins) — Enjoy a popular Thai BBQ dinner with friends just around the corner from home.
- ZUS COFFEE (120m, 1-2 mins) — Grab your morning caffeine fix or a quick afternoon pick-me-up at this handy local coffee spot.
- KARE SAMA (132m, 1-2 mins) — Delicious Japanese-style curry and comfort food options are available almost immediately outside your door.
- MAYBANK (713m, 8-9 mins) — Full banking services are located nearby, ensuring your financial errands are quick and stress-free.
- HSBC (969m, 11-12 mins) — Another major banking option within the vicinity for convenient access to international financial services.
- CU (120m, 1-2 mins) — A trendy Korean convenience store located very close by for quick snacks and late-night essentials.
- HAPPY MART (910m, 10-11 mins) — Reliable local mart for picking up small household items and everyday necessities.
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.
Published date: October 3, 2026