Who is this property suitable for?
Couples and small households seeking a freehold waterfront serviced residence with two individual car parks.
English Audio Tour
Play Property Highlights
中文音频介绍
播放项目要点
Melayu Lawatan Audio
Mainkan Ringkasan Projek
For Sale
Serviced Residence
The Lighthauz @ Penang Waterfront
Gelugor, Penang
Freehold waterfront serviced apartment in Gelugor, pairing practical 2- to 3-bedroom layouts and two individual car parks with GreenRE-focused features, elevated lifestyle facilities, direct access to the Penang Bridge and Tun Dr Lim Chong Eu Expressway, and proximity to the planned Mutiara LRT corridor.
From
RM 864,500
LIVABILITY EVALUATION
Livability
Analysis
Set along Gelugor's waterfront corridor, the project balances a serene coastal outlook with strong island-wide mobility. Its compact 2- to 3-bedroom homes, two individual car parks, multi-tier security and facilities across the podium and upper levels suit urban households, while the 671-unit scale, coastal exposure and peak-hour traffic deserve practical consideration.
Property Fast Facts
Property Type:Serviced Apartment
Land Area:Approx. 2 acres
Built Up:732-1,001 sq ft
Car parks:2 side by side
Bedrooms:2 to 3
Bathrooms:2
Livability Methodology
Livability is strongest in connectivity and daily efficiency: Penang Bridge and Tun Dr Lim Chong Eu Expressway are close at hand, while the planned Mutiara LRT is expected to widen access to George Town, Bayan Lepas, the airport and Penang Sentral. Comfort remains unit-dependent, particularly in relation to orientation, coastal weather, traffic noise and lift zoning within a 671-unit tower.
Safety 7/10
Multi-tier access control supports day-to-day security. As the site forms part of a reclaimed waterfront setting, buyers should also review drainage, façade protection and long-term coastal maintenance arrangements.
Convenience 8/10
The address sits between George Town and Bayan Lepas, with quick links to the Penang Bridge and Tun Dr Lim Chong Eu Expressway. The planned Mutiara LRT, expected to begin operations in December 2031, may further improve regional mobility.
Comfortability 6/10
Sky facilities, landscaped spaces and selected waterfront or city views create an uplifting living environment; however, comfort will depend on unit orientation and actual lift zoning, as 671 units are served by 6+1 passenger lifts.
Long Term Fit 6/10
Freehold tenure, 2- to 3-bedroom layouts and two individual car parks provide useful flexibility for couples and small families, although the largest 1,001 sq ft plan may feel compact for multigenerational households.
Life Efficiency 7/10
Daily travel is supported by strong road connectivity and a future rail link, while nearby education, retail and employment nodes reduce the need for long cross-island journeys; peak-hour conditions should still be tested in person.
Livability Matrix
LIVABILITY SCORE: 34/50
Start Your Livability Survey Now
* Remark: Our evaluation results are based on default setting parameters. Please contact us for your specific requirements.
FINANCIAL INSIGHTS
Investment
Analysis
Freehold waterfront positioning, a central Gelugor address, GreenRE-focused design, two individual car parks, partial furnishing and proximity to major road and future rail links give the project clear identity. Its investment case is strongest over a longer horizon, while near-term rental performance should be assessed against verified comparable leases, holding costs and competing waterfront supply.
Property Fast Facts
Tenure:Freehold
Title:Commercial title under HDA
Completion:Est 2030 Q2
Developer:EXSIM Waterfront Sdn. Bhd.
Total Units:671
Investment Methodology
The project combines a distinctive waterfront setting with several location catalysts: the Mutiara LRT is targeted to operate in December 2031, Penang Waterfront Convention Centre is drawing event activity, and the wider precinct is adding retail, office and hospitality components. These strengths are balanced by a relatively high entry price, commercial title, coastal maintenance exposure, 671-unit internal competition and the time needed for surrounding infrastructure to mature.
Supply/Demand 6/10
Demand can come from professionals working in George Town and Bayan Lepas, bridge commuters, university-linked households and future activity from nearby convention, office, retail and hospitality uses. The same waterfront corridor also contains competing residences and future supply.
Cash Flow 3/10
At the current entry price and maintenance level, rental yield must be supported by actual completed transactions and signed leases. Until reliable evidence is available, this is better viewed as a location-led, long-horizon asset than an immediate cash-flow play.
Appreciation 8/10
Long-term potential is supported by the planned Mutiara LRT, Penang Bridge and expressway access, the convention centre and the gradual formation of a larger waterfront business and lifestyle precinct. The pace of infrastructure delivery and market absorption remains decisive.
Entry Cost 7/10
Estimated initial cash is comparatively contained under the stated financing assumptions, but the monthly instalment of about RM3,261 plus roughly RM337 maintenance requires steady holding power and allowance for rate or fee changes.
Product USP 9/10
Distinctive strengths include freehold tenure, a waterfront address, GreenRE-focused features, partial furnishing, sky facilities, speed-ramp parking and proximity to the planned Mutiara LRT.
Investment Matrix
INVESTMENT SCORE: 33/50
Start Your Investment Survey Now
* Remark: Our evaluation results are based on default setting parameters. Please contact us for your specific requirements.
90-SECOND HOME FIT TEST
Does The Lighthauz fit you?
Answer one question at a time. The same 7-question standard is used across Propmula residential project pages.
Question 1 of 7
Your answers are saved on this device
YOUR HOME FIT RESULT
0%
Why it fits you
What to watch
Next step
Check the latest package, unit selection and actual financing before commitment.
The Lighthauz Project Summary & Review
Why does the location matter?
The supplied workbook places the project in Gelugor, with direct access to the Penang Bridge and Tun Dr Lim Chong Eu Expressway and a stated future Mutiara LRT corridor catalyst.
What are the main strengths?
Freehold tenure; Waterfront Gelugor positioning; Two individual car parks per unit; 2- to 3-bedroom layouts; Partially furnished package stated in sales materials.
What is Propmula's verdict?
The supplied materials support a long-horizon, location-led proposition, with expected completion now recorded as Q2 2030. This dataset does not independently verify current market performance or actual future handover.
Frequently Asked Questions about The Lighthauz
Where is The Lighthauz located?
The supplied workbook identifies The Lighthauz as located in Gelugor, Penang, with stated access to the Penang Bridge and Tun Dr Lim Chong Eu Expressway.
What type of property is The Lighthauz?
The supplied workbook identifies it as a freehold serviced apartment with commercial title under HDA.
What layouts are stated in the supplied material?
The supplied materials state Type A at 732 sqft and Types B and C at 1,001 sqft, with 2 to 3 bedrooms, 2 bathrooms, and 2 individual car parks per unit.
When is The Lighthauz expected to complete?
The latest confirmed information states that The Lighthauz is expected to complete in Q2 2030. Buyers should still verify the final contractual completion and handover terms in the SPA/APDL.
Related property links and sharing options
Similar Properties
You Might Interested in