Lightwater Residences

Malaysia
S$ 763,579 - S$ 2,278,595 (MYR 2,390,000 - MYR 7,132,000)
107 - 296 (sqm)
Condo

Project Details

    Address
    The Light City, 11700 Gelugor, Pulau Pinang
    State
    Penang
    City
    Gelugor
    Developer
    Jaringan Simfoni Sdn Bhd
    Size Range
    107 - 296 (sqm)
    Completion Year
    2029
    Units Available
    262

Description

Lightwater Residences, epitomising the pinnacle of exclusive waterfront living in Penang, is a distinguished integrated development within The Light City. Located in one of the island’s most coveted areas, it offers a luxurious lifestyle proposition with unrivalled access to Penang’s finest amenities and attractions. Positioned near George Town, the Bayan Lepas Free Trade Zone, and the mainland, this development caters perfectly to Malaysian homeowners, investors, and expatriates seeking a luxury address that combines Penang’s heritage charm with modern elegance.


Recognised as the premier integrated waterfront mixed-use development in Penang and the region, The Light City spans 32.76 acres in a joint venture between IJM Corporation Berhad and Perennial Holdings Private Limited of Singapore. Designed for both locals and the international community, The Light City showcases seafront residential, commercial, and recreational spaces that capture cosmopolitan living by the sea.


Lightwater Residences spans 2.87 acres of prime freehold land, setting a new benchmark for high-end waterfront living. This low-density development features only 262 exclusive units housed within two 34-storey crystalline towers, designed as private sanctuaries of luxury and tranquillity.


Channelling the concept of “Luxury Cosmopolitan Living by the Sea,” its translucent crystalline design reflects the shimmering waters of the Penang Straits, harmonising modern architecture with the natural landscape. Floor-to-ceiling glass frames breathtaking views of the Penang Straits and the iconic Penang Bridge, transforming the scenery into a constantly changing canvas of coastal beauty.


Each residence is tailored to diverse lifestyles, with exclusive units ranging from 1,152 sq ft to 3,186 sq ft. Every detail elevates everyday living—from private lift lobbies to spacious layouts promoting seamless indoor-outdoor living. Expansive balconies extend the living space outward, offering panoramic sea views and a private coastal retreat.


The sixth-floor landscaped garden deck serves as a verdant retreat with an infinity-edge pool merging with the sea, a wellness centre for rejuvenation, and a children’s play area for carefree exploration. The twenty-fifth-floor sky terrace offers an elevated experience with a private sky villa—perfect for social gatherings or quiet reflection—featuring double-height ceilings and panoramic sea views.


IJM Land integrates an eco-conscious approach throughout the development. Lightwater incorporates 2-ticks water-efficient fittings, rainwater harvesting, automated irrigation, EV charging bays, and a 360-degree Biophilic Pavilion with vertical gardens that enhance air quality and energy efficiency. Low VOC paints ensure better indoor air quality, while the design remains accessible to individuals with disabilities.


Through these sustainable practices and thoughtful conveniences, Lightwater Residences offers a refined, environmentally responsible lifestyle. It stands as a new benchmark for luxury living in Penang—harmonising sophistication, sustainability, and serenity by the sea.

 

Home Features

24-hour Access
CCTV
Corner Unit
Water Heater
Air Conditioning
City View
Walk-in-wardrobe
Pool View
Bath Room
Penthouse
Oven

Fixture & Fittings

Cooker Hob/hood
Intercom

Facilities

Outdoor Patio
Multipurpose Hall
Games Room
Yoga Room
Barbeque Pit
Terrace
Sauna
Playground
Gymnasium
Jogging Track
Lap Pool
Library

Floor Plan

Amenities and Nearby

• Retail & dining: The development includes a dedicated retail zone (The Waterfront Shoppes) offering sea-facing shops, cafés and restaurants, along a 750 m waterfront promenade. 
• Connectivity: Close to major routes—100 m to the Tun Dr Lim Chong Eu Expressway, 500 m to the Penang 1st bridge, and a future LRT interchange.
• Education: Schools and institutions nearby include in the 3–9 km range: for example Universiti Sains Malaysia (USM).
• Medical & services: Medical clinics and hospitals are within easy reach such as Lam Wah Ee Hospital.
• Lifestyle & recreation: Waterfront promenade, green parks, jogging/cycling paths, integrated leisure environment.

Additional Info Icon

Additional Info

Cash Requirements

• On Penang Island: foreigners typically must purchase residential property worth at least RM 1,000,000 and above for strata (condo) units, and around RM 2,000,000–RM 3,000,000 for landed properties.
• Foreign buyers must apply for state consent and a levy of around 1.5%-3% of the purchase price. 
• Additional transaction costs: legal fees, stamp duty, transfer / registration fees etc. These can add another 5% of purchase price.

Rental Yield

• Gross rental yield in the ballpark of 4 % to 5 % per annum for furnished unit.

Income Term

• Margin of end financing up to 70% for foreigner buyers. 
• Banks loan approval will based on your income, employment status, credit history, debt serving ratio and etc.

Resale Options

• Foreigners face several key factors when reselling property in Penang:
1. Minimum Price Thresholds
2. State Consent
3. Property Gains Tax (RPGT)

Investment Facts

• Penang is one of Malaysia’s most economically dynamic states, contributing significantly to the nation’s GDP.
• Known as the “Silicon Island of the East,” Penang hosts a vibrant ecosystem of multinational corporations (MNCs) and SMEs in the electrical & electronics (E&E), medical technology, and precision engineering sectors.
• The Light City—where Lightwater Residences is located—sits at the crossroads between George Town, Bayan Lepas, and the mainland, offering unmatched convenience for residents and professionals.
• Penang’s property market has shown resilience and steady appreciation, even during global economic fluctuations.

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