Waterside Residence 1,249 sqft Sea & Penang Bridge View Unit For Sale
A 19th-floor freehold waterfront condominium at Waterside Residence, The Light, with 1,249 sqft, 3 bedrooms, 2 bathrooms, 3 car parks and 2 storage spaces. The unit enjoys sea and Penang Bridge views and comes fully furnished, with approximately RM150,000 stated as having been spent on furnishing. Asking price: RM1,480,000.
Market evidence checked: · Page updated:
Property & Unit Snapshot
Waterside Residence is a freehold IJM Land development completed in 2020 with 256 units across three towers. The project offers 1,055–1,270 sqft layouts and includes 24-hour security, swimming pool, gym, jacuzzi, playground, wading pool, BBQ area, reading / games facilities and Aeroyoga space.
- Property Type
- Condominium
- Status
- Completed / Subsale
- Tenure
- Freehold
- Developer
- IJM Land Berhad
- Completion
- 2020
- Total Units
- 256
- Built-Up
- 1,249 sqft
- Floor
- 19th Floor
- Bedrooms
- 3
- Bathrooms
- 2
- Car Parks
- 3
- Storage Spaces
- 2
- View
- Sea & Penang Bridge View
- Furnishing
- Fully Furnished
- Furnishing Details
- Approx. RM150k stated · 4 air conditioners · TVs · washing machine · fully equipped kitchen · balcony mini bar counter
- Maintenance
- A current 1,270 sqft listing states RM527/month; verify exact 1,249 sqft unit bill and sinking fund
- Map Location
- 5.369027, 100.315232
Photo Gallery
Six property images are embedded directly from Propmula. Click any photo to enlarge it.
Current Asking & Listing Status
The supplied unit is publicly listed at RM1.48 million in September 2026 with the same 1,249 sqft, 3-bedroom, high-floor seaview profile. The supplied listing adds 19th-floor positioning, 3 car parks, 2 storage spaces and approximately RM150,000 stated furnishing expenditure. Availability and included loose furniture should be reconfirmed before viewing.
Reference profile: 19th floor · 3R2B · 3 car parks · 2 storage spaces · sea & Penang Bridge view · fully furnished.
Waterfront Own-Stay / Premium Furnished Buyer
The strongest fit is for buyers who value a move-in-ready waterfront unit, high-floor bridge views and uncommon extras such as 3 car parks and 2 storage spaces. Those attributes matter more here than simply comparing price per square foot.
Current Market Snapshot
The RM1.48 million asking equals approximately RM1,185 psf. Current September 2026 asking evidence for the same 1,249 sqft layout spans roughly RM1.20 million to RM1.70 million, with several units clustering around RM1.23 million–RM1.39 million and premium examples around RM1.55 million–RM1.70 million. The subject therefore sits above many standard 2-car comparables but below the highest current asks.
- Asking priceRM1,480,000
- Built-up1,249 sqft
- Asking rate≈ RM 1,184.95 psf
- Floor / view19th · Sea & Bridge
- Parking / storage3 car parks · 2 stores
The matching public listing confirms RM1.48m, 1,249 sqft, 3 bedrooms, 2 bathrooms, fully furnished condition and sea-view positioning.
Reference: PropertyGuru · listed 16 Sep 2026
- 3R2B · 1,249 sqftRM1.20m · ≈ RM961 psf
- 3R2B · 1,249 sqftRM1.23m · ≈ RM985 psf
- 3R2B · 1,249 sqftRM1.28m · ≈ RM1,025 psf
- 3R2B · 1,249 sqftRM1.39m · ≈ RM1,113 psf
- 3R2B · 1,249 sqft · 3 CPRM1.55m · ≈ RM1,241 psf
- 3R2B · 1,249 sqftRM1.70m · ≈ RM1,361 psf
The RM1.48m subject sits between the RM1.39m and RM1.55m visible examples. Its 3 car parks, 2 storage spaces, high-floor view and furnishing package are relevant when comparing with cheaper units that may have only 2 car parks or different renovation quality.
Market reference: PropertyGuru current sale inventory · Sep 2026
- Sample periodSep 2024 – Aug 2025
- Transactions7
- Median priceRM1,200,000
- Median PSFRM961 psf
- Known 1,249 sqft transactionRM1.39m · RM1,113 psf
The subject is around 6.5% above the disclosed RM1.39m / RM1,113 psf same-size transaction from October 2024. That older transaction remains useful context, but the subject's furnishing, 3 car parks, storage spaces, floor and exact view should be considered separately.
Transaction reference: Brickz · registered transactions
- 1,249 sqft fully furnished range≈ RM3,000 – RM4,200 / month
- Common current asking level≈ RM4,000 / month
- Gross yield at RM4,000≈ 3.24% p.a.
At the broader RM3,000–RM4,200 asking range, gross yield is roughly 2.4%–3.4% before maintenance, sinking fund, vacancy, furnishing replacement, assessment, quit rent and financing. A highly furnished 3-carpark high-floor unit may compete differently from standard 2-carpark examples.
Rental references: iProperty rental inventory · Sep 2026
Estimated Buyer Cost & Financing
Estimated Monthly Instalment
- Reference priceRM1,480,000
- Loan margin90%
- Loan amountRM1,332,000
- Tenure25 years
- Rate3.6% p.a.
Before Legal & Transaction Costs
- 10% downpaymentRM148,000
- 90% loan amountRM1,332,000
- Legal / stamp / valuationNot included
- Furniture replacement / upgradesBudget separately
Life Efficiency & Nearby Essentials
Waterside Residence is car-friendly and unusually well placed for island / mainland commuting because it sits beside the Tun Dr Lim Chong Eu Expressway and close to Penang Bridge. Nearby amenities are concentrated in Gelugor, Sungai Gelugor and the wider Jelutong / Sungai Dua catchment.
| Category | Place / Facility | Distance / Travel Reference | Assessment |
|---|---|---|---|
| Kindergarten | Kidiland Montessori, Minden Heights | ≈ 4.3 km · ~6 min drive reference | Nearby early-learning option in Gelugor. |
| Primary School | SJK (T) Subramaniya Barathee | ≈ 5.7 km · ~8 min drive reference | Primary education within the nearby Gelugor catchment. |
| Secondary School | SMK Hamid Khan | Short drive | Established secondary-school option near Gelugor / Island Glades. |
| University / College | Universiti Sains Malaysia (USM) | Short drive in Gelugor | Major education and employment anchor nearby. |
| Mall / Supermarket | Lotus's E-Gate / The Waterfront Shoppes precinct | Minutes away; Waterfront Shoppes is within The Light ecosystem | Strong retail convenience with additional integrated retail nearby. |
| Market / Food | E-Gate food cluster | ≈ 4.7 km · ~6 mins drive reference | Convenient local food access. |
| Petrol Station | Caltex, Tun Dr Lim Chong Eu Expressway | Nearest petrol-station reference | Very convenient for highway users. |
| Public Transport | The Light bus stop / Gelugor LRT catchment | Bus stop ≈ 390 m · portal shows Gelugor LRT about 1.3 km | Existing bus access plus future rail catchment improves transport optionality. |
| Hospital / Clinic | Lam Wah Ee Hospital / Pertama Clinic | Hospital about 3 km map reference; clinic about 1.1 km portal reference | Primary and hospital care are accessible within the broader catchment. |
| Bank | Bank Simpanan Nasional, Gelugor | ≈ 6.8 km · ~8 min drive reference | Everyday banking nearby. |
Livability Analysis
Waterside Residence is strongest for buyers who prioritise waterfront views, security, facilities and fast road access while remaining relatively central on Penang Island. The current Propmula assessment totals 44/50 across Safety, Convenience, Comfortability, Long-Term Fit and Life Efficiency.
Investment Analysis
The investment case is built around freehold waterfront positioning, The Light integrated precinct and a differentiated high-floor 3-carpark unit rather than unusually high rental yield. The current Propmula assessment totals 33/50.
Waterside Residence Decision Summary
What This Listing Is
A 19th-floor freehold Waterside Residence unit with 1,249 sqft built-up, 3 bedrooms, 2 bathrooms, 3 car parks, 2 storage spaces, sea & Penang Bridge view and full furnishing.
Current Market Position
The RM1.48m asking equals about RM1,185 psf. It sits above many current standard 1,249 sqft asks around RM1.20m–RM1.39m, but below premium examples around RM1.55m–RM1.70m. The additional parking, storage, view and furnishing materially affect the comparison.
Strengths & Trade-offs
Strengths are freehold waterfront positioning, high-floor bridge view, 3 car parks, 2 stores, strong furnishing and excellent expressway / bridge access. Trade-offs are a premium entry price, condominium carrying costs and only moderate rental yield.
Best-Fit Buyer
Best suited to premium own-stay buyers, executives, families with multiple cars and purchasers who value move-in-ready waterfront living more than maximising gross rental yield.
FAQ
Where is Waterside Residence located?
Waterside Residence is along Jalan Pantai Sinaran in Gelugor, within The Light Waterfront area. The supplied coordinates are 5.3690274117292835, 100.31523216635185.
What are the unit size and layout?
The reference unit is 1,249 sqft with 3 bedrooms, 2 bathrooms, 3 car parks and 2 storage spaces.
What is special about this unit?
The supplied listing states 19th-floor positioning, sea and Penang Bridge view, 3 car parks, 2 storage spaces and full furnishing with approximately RM150,000 reportedly spent.
What is the current asking price?
The asking price is RM1.48 million, equivalent to approximately RM1,184.95 psf.
How does RM1.48 million compare with current 1,249 sqft asking prices?
Current same-size asking examples span roughly RM1.20 million to RM1.70 million. The subject sits above many standard units but below the highest premium asks, so parking allocation, storage, floor, view and furnishing quality are important in the comparison.
What is the indicative rental yield?
Current 1,249 sqft fully furnished rental asking references are around RM3,000–RM4,200 per month, with RM4,000 commonly visible. At RM1.48m, RM4,000/month implies approximately 3.24% gross yield before expenses.
What is the estimated monthly instalment?
Using 90% financing, a 25-year tenure and 3.6% per annum, the indicative monthly instalment is approximately RM6,740. Actual bank approval and effective rate vary by buyer.
What should be verified before buying?
Confirm the exact maintenance and sinking-fund bill, title / parcel details, car-park and storage accessory parcels, included loose furniture, appliance condition, renovation approvals, management records and bank valuation before committing.