Queens Waterfront is a sea-side development by Ideal Property Group. The mixed development will see it being complete over 5 different phases, 4 residential, and 1 commercial - in the form of a sports complex and an international school. The project is unique, with most of its phases built on reclaimed land.
The residential component of it is called Queens Residences, comprising of 4 towers, 2 of which are already open for sale (Q1 and Q2). There are 500 units in Q1, while Q2 has 450. Units in Q1 have built-ups from 950 sf to 1,650 sf, with the largest size being able to fit 4 bedrooms and 3 bathrooms, and Q2 shares almost similar layouts to its predecessor, only with powder room in its units. The remaining 2 phases are yet to be released. On the other hand, the final phase, which is the sports complex and international school, will see international-standard sports facilities, which include a velodrome, a 2-acre football field, and a FINA standard aquatic centre.
Queens Residences also have facilities that can cater to different lifestyles and age group of its future residents. There is a marina where yachts can be docked, and a man-made beach for residents to enjoy. Various parks, linear gardens and rooftop gardens will also be included for tenants to have a stroll at. Within the residences itself, swimming pools, wading pools and water activities for children will also be included. A sports bar will also be placed in Q1, residents can play table tennis, snooker, and darts there. Not only that, occupants of the waterfront homes will also be able to enjoy the sports facilities the sports complex has to offer.
Located at Bayan Indah, Queens Waterfront will be close to a number of amenities in the town centre, one of it being Queensbay Mall, where restaurants, entertainment outlets, banks, boutique and markets for grocery shopping can be found. The Bayan Lepas Free Industrial Zone is also located nearby, where residents can look for work opportunities. Other famous Penang landmarks are also located nearby, such as the Snake Temple, Sunshine Mall, and the SPICE Arena. Penang International Airport is also located nearby, which will pose convenience for residents who constantly travel.
Queens Waterfront can be accessed easily via the Tun. Dr. Lim Chong Eu Highway, which links the development to other townships such as Bayan Lepas, Batu Maung, and Gelugor. The highway is also linked to the main Penang Bridge and the second Penang Bridge.
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Did you know?
Check out the value of surrounding recently completed properties to make the best buying decision.
| Property Name | Year of Completion | Ad Selling Price | Ad Rental Price | Avg Transacted Price | Avg Rental Yield (%) |
|---|---|---|---|---|---|
| Queens Waterfront | 0 |
RM760,000
-
RM2,100,000
RM 894 psf - RM 1,312 psf |
RM2,000 - RM2,000 | NIL | 4.62 % |
| Victoria Bay | 2015 | From RM1,440,000 | NIL | NIL | NIL |
| Summerton Condominium | Apr 2014 |
RM680,000
-
RM1,900,000
RM 415 psf - RM 829 psf |
RM1,700 - RM1,700 | NIL | 2.43 % |
| Summerton Bayan Indah | 2014 |
RM1,200,000
-
RM1,900,000
RM 652 psf - RM 806 psf |
RM1,800 - RM1,800 | NIL | 1.89 % |
| Taman Jerejak Villa | 2011 |
RM428,000
-
RM428,000
RM 503 psf - RM 503 psf |
From RM2,500 | NIL | NIL |
| BayStar | 2009 |
RM1,000,000
-
RM3,000,000
RM 610 psf - RM 1,026 psf |
RM2,900 - RM2,900 | NIL | 2.76 % |
| Putra Marine | Sept 2007 |
RM1,250,000
-
RM1,880,000
RM 468 psf - RM 720 psf |
RM3,300 - RM3,300 | NIL | 3.14 % |
Did you know?
Check out the past transacted prices of this neighbourhood to make the best buying decision.
| Non-Landed | Landed | Commercial | |
|---|---|---|---|
| 0 - 500 SQ. FT | - | - | RM 768 psf |
| 500 - 1,000 SQ. FT | RM 560 psf | - | RM 1,187 psf |
| 1,000 - 1,500 SQ. FT | RM 649 psf | RM 186,584 psf | - |
| 1,500 - 2,500 SQ. FT | RM 521 psf | RM 409,000 psf | RM 769 psf |
| 2,500 - 4,000 SQ. FT | RM 579 psf | - | - |
| 4,000 SQ. FT and above | - | - | RM 769 psf |
Note:
| Down Payment (10%) | RM 74,100 |
| Loan Amount ( 90 %) | RM 666,900 |
| Tenure Years | 35 Years |
| Interest Rate | 4.85% |
| Others (Estimation) | RM 10,000 |
Disclaimer
The information shown is indicative and for illustration only. It does not guarantee the accuracy of the calculation and accepts no liability for any inaccuracies or omissions. The above does not constitute an offer of credit nor does it guarantee that the credit facility applied for will be approved. All applications for financing are subject to credit evaluation and approval and it reserves the right to approve or reject such applications without assigning any reason therefore.
All interest rates shown are indicative according to criteria provided by financial service providers and this is an estimated figure only do not constitute a guaranteed figure. Please consult your respective financial provider for the exact interest rate.
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