40 Houses for Sale at Maldives Residences
Discover Maldives Residences, a new freehold condominium by the acclaimed Ideal Property Group, located in the vibrant township of Sungai Tiram, Bayan Lepas. Inspired by the iconic tropical paradise, this development brings a resort-style living experience to Penang, blending modern comforts with extensive recreational facilities. Scheduled for completion around 2027, Maldives Residences is designed for those seeking a harmonious balance between urban convenience and serene, holiday-inspired living. Maldives Residences consists of four 46-storey residential towers, housing a total of 1,665 units. The entire development is set on a 7.08-acre parcel of land, with an impressive 3.3 acres dedicated to a recreational podium and water features that evoke the feeling of a luxurious island getaway. The project's core concept is to provide an affordable, resort-like lifestyle complete with a plethora of amenities. The development offers thoughtfully designed units to cater to various needs, from young professionals to families. The layouts feature an open-plan concept for the living, dining, and kitchen areas, with each unit including a balcony. 850 sq ft, featuring 3 bedrooms and 2 bathrooms. Approximately 930 sq ft, also with 3 bedrooms and 2 bathrooms, offering flexible living arrangements perfect for multi-generational families or rental investment. Residents of Maldives Residences can enjoy a comprehensive suite of facilities designed for relaxation, fitness, and community engagement. Highlights include: Infinity Pool, Wading Pool, Jacuzzi, Water Swing, and a Water Slide Deck. A modern Gymnasium, Mini Jogging Track, Outdoor Gym, Yoga Deck, and Reflexology Path. The Maldives Beach Club, BBQ Pavilion, overwater-style Cabanas, Children's Playground, and various gardens like the Courtyard Garden and Herbs and Spice Garden. Strategically positioned along Jalan Sungai Tiram 6, the development boasts excellent connectivity. Less than 2km from Penang International Airport, making air travel exceptionally convenient. Easily accessible via major arteries like Jalan Tun Dr Awang and the Tun Dr Lim Chong Eu Expressway. A proposed LRT station is planned for the vicinity, promising enhanced future connectivity. A short drive from the Bayan Lepas Free Industrial Zone (FIZ). Families will appreciate the proximity to several educational institutions. SMJK Heng Ee (Bayan Baru branch) is within walking distance, and SJKC Chung Shan is approximately 1.3 km away. Straits International School is located just 1.5 km from the residence. INTI International College Penang and Universiti Sains Malaysia are both within an 8km radius. A variety of retail and dining options are located nearby, including Solaria Square and Summerskye Square. For major retail therapy, Queensbay Mall is 7km away, while Giant Hypermarket Bayan Baru is about a 3.5km drive. Access to medical care is readily available, with Pantai Hospital located just over 3km away and Pearl Maternity Hospital within a 5km radius. Maldives Residences is a project by Ideal Property Group, a well-regarded and major real estate developer in Malaysia with a strong track record of successful projects, including The Amarene and Summerskye Residences.
DeveloperIdeal Property Group
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Recent market search behaviour suggests the project remains on the radar of local property seekers, drawing on 30 days of PropertyGuru search activity in Sungai Tiram. The development maintains notable traction in local search behaviour, recording a 58.82% share within the township.
Most-searched Units: 3-BedroomPricing by Unit Types:
- 3-Bedroom Units:
- Avg Asking Price: RM 446K
- Avg PSF: RM 484 psf (8.45% lower compared to Sungai Tiram average of RM 529 psf)
- Available Units: 30
- PENANG AIRPORT (1963m, 23-24 mins) — Easy access to the island's main aviation hub for frequent travelers and airport staff.
- SMJK HENG EE BAYAN BARU CAMPUS (296m, 3-4 mins) — A very short walk away, making it incredibly convenient for students and parents during the morning school run.
- SJK (C) CHUNG SHAN (1183m, 14-15 mins) — A reputable primary school option located within a manageable distance for local families.
- STRAITS INTERNATIONAL SCHOOL (1417m, 16-17 mins) — Provides a high-standard curriculum close to home for those seeking international education pathways.
- GUARDIAN (1353m, 16-17 mins) — A handy spot to pick up daily health essentials, vitamins, and personal care items.
- KLINIK MENARA (1891m, 22-23 mins) — Provides accessible medical consultations and healthcare services for the local community.
- SUGO VILLAGE (1450m, 17-18 mins) — A nearby retail destination for residents to enjoy a variety of shopping and lifestyle services.
- ROTI BAKAR (835m, 10-11 mins) — A great local spot for a traditional breakfast or a quick snack just a short distance away.
- JOO LEONG CAFE (935m, 11-12 mins) — Famous for its local flavors, offering a classic Penang dining experience within walking distance.
- SUNGAI TIRAM FISH HEAD NOODLE (1023m, 12-13 mins) — A popular choice for residents looking for hearty and delicious local comfort food nearby.
- SHELL SELECT (946m, 11-12 mins) — Perfect for quick pit stops to grab snacks or drinks while on the move.
- CU (1332m, 15-16 mins) — Offers a modern variety of Korean-inspired snacks and daily essentials for a quick shopping trip.
- FAMILYMART (1353m, 16-17 mins) — A popular convenience hub for ready-to-eat meals and a wide range of imported treats.
- MASJID SUNGAI TIRAM (823m, 9-10 mins) — A local community mosque located conveniently nearby for residents.
Maldives Residences presents a market profile characterized by limited recent transaction volume, suggesting a tightly held or emerging residential project.
- Transactions: 0 sale transactions in the last 12 months, indicating limited sale activity.
- PG Pulse Insight: Market activity for Maldives Residences currently shows limited sale transactions, reflecting a quiet period for the project's secondary market.
Published date: June 17, 2026