Project at a Glance
Why Lightwater Residences Is Penang's Most Talked-About Address
Everything buyers ask about the new freehold condo at The Light City Gelugor — tenure, scale, unit sizes and completion — in one place. Lightwater Residences is the second and final residential phase of The Light City, the 32.76-acre integrated waterfront precinct beside the Penang Bridge.
| Project Name | Lightwater Residences |
|---|---|
| Development Type | Freehold luxury condominium |
| Location | The Light City, Gelugor, Penang |
| Developer | IJM Land Berhad × Perennial Holdings (IJM Perennial Development Sdn. Bhd.) |
| Tenure | Freehold |
| Towers | 2 — Tower A & Tower B |
| Storeys | 34 per tower |
| Total Units | 262 |
| Built-Up Range | 1,152 – 3,186 sq ft |
| Available Unit Types | Type A · Type B · Type C |
| Land Area | 2.87 acres |
| Facility Floors | Level 6 (garden deck) & Level 25 (sky terrace) |
| Expected Completion | December 2028 |
Pricing is not published on this page. Ask us on WhatsApp for the current price list →
Highlights
Six Reasons Buyers Choose Lightwater Residences
Gallery
Inside Lightwater Residences
What a sea-fronting freehold condominium in Gelugor actually looks like — the arrival lobby, the infinity pool deck, the Level 25 sky terrace, and the floor-to-ceiling glass that frames the Penang Bridge from every unit.
All images are artist’s impressions and for illustration purposes only.
Floor Plans
Site Plan, Storey Plans & Unit Layouts
Every Lightwater Residences unit is positioned for unobstructed sea views and served by a private lift lobby. Below are the site plan, the Level 2 plan, and the three unit layouts currently available — Type A, Type B and Type C.
The full price list and live availability are not published here — request them on WhatsApp and we’ll send them across.
Type A, B and C are the layouts currently released. All plans are subject to change and are not to scale.
Location
Where Exactly Is Lightwater Residences?
Lightwater Residences sits inside The Light City in Gelugor, on Penang island’s eastern coastline, right at the head of the Penang Bridge and directly off the Tun Dr Lim Chong Eu Expressway. You are one kilometre from the bridge, five from George Town, and connected to the mall, the convention centre and the 750-metre waterfront promenade without crossing a public road.
- Penang Bridge1 km
- The Waterfront Shoppes & PWCCOn-site
- Upcoming LRT Mutiara Line stationDirect link
- Universiti Sains Malaysia (USM)3.7 km
- George Town city centre5 km
- Penang Ferry Terminal7 km
- Bayan Lepas Free Industrial Zone8 km
- Gurney Drive9 km
- Penang Second Bridge9 km
- Penang International Airport11 km
- Tanjung Tokong11 km
- Batu Ferringhi21 km
Distances are approximate and drawn from the developer’s published connectivity materials.
The Developer
Built by IJM Land & Perennial — and Already Delivered Here
Lightwater Residences is a joint development by IJM Land Berhad, the property arm of Bursa-listed IJM Corporation Berhad, and Singapore’s Perennial Holdings. The strongest evidence of what they build is standing on the same shoreline — these three projects are all completed and handed over within The Light Waterfront Penang.
Available Unit Types
Choose Your Layout at Lightwater Residences
Three layouts are currently released across Tower A and Tower B. Every one comes with a private lift lobby, floor-to-ceiling glazing and a sea-facing orientation. Availability moves — ask us for what is actually left.
- 2 Bedrooms + Study
- 2 Bathrooms + Powder Room
- Private lift lobby
- Accessory parcel 172 sq ft
- 3 Bedrooms
- 2 Bathrooms + Powder Room
- Private lift lobby
- Accessory parcel 194 sq ft
- 3 Bedrooms + Study
- 3 Bathrooms + Powder Room
- Private lift lobby
- Accessory parcel 205 sq ft
262 Units. Two Towers. Nothing After This.
Lightwater Residences is the second and final residential development inside The Light City. When these 262 units are taken up, there is no further residential release in this precinct — the remaining land is committed to the mall, the convention centre, the hotels and the office tower. Tell us the layout and view you want and we’ll come back with what is still available.
WhatsApp to Register Your InterestFAQ
Lightwater Residences — Your Questions Answered
What is the price of Lightwater Residences?
Lightwater Residences sits at the top of Penang’s condominium market — it was billed as the island’s most expensive residential launch, reflecting its freehold seafront title and final-phase position in The Light City. Exact figures move by tower, level and view, so we don’t publish them here. Message us on WhatsApp for the current price list and the exact figures.
Is Lightwater Residences freehold or leasehold?
It is freehold. That is genuinely unusual: reclaimed waterfront land in Malaysia is normally issued as 99-year leasehold, and IJM converted The Light Waterfront’s reclaimed land to freehold title. Every residential project on the site, Lightwater Residences included, is held in perpetuity rather than on a lease.
Where exactly is Lightwater Residences and what's nearby?
It sits inside The Light City in Gelugor, on Penang island’s eastern coastline, off the Tun Dr Lim Chong Eu Expressway. The Penang Bridge is roughly 1 km away, George Town 5 km, USM 3.7 km, Bayan Lepas Free Industrial Zone 8 km and the airport about 11 km. The Waterfront Shoppes mall and PWCC convention centre sit in the same precinct.
Can foreigners buy at Lightwater Residences?
Yes. Foreign buyers may purchase strata property on Penang Island above the state’s RM1 million minimum threshold, and Lightwater Residences is comfortably above it — roughly 20% of Tower A buyers were foreign purchasers from Singapore, Hong Kong and Taiwan. Eligibility still depends on your unit and status, so WhatsApp us to confirm for your specific choice.
Who is the developer and what's their track record?
A joint venture between IJM Land Berhad — the property arm of Bursa-listed IJM Corporation — and Singapore’s Perennial Holdings. On this exact shoreline they have already completed and handed over Mezzo, The Light Collection IV with its seafront water villas, and Waterside Residence. Ask us on WhatsApp for the full delivery record.
Lightwater Residences a good investment?
The case rests on scarcity and infrastructure: freehold seafront title, only 262 units, and no residential phase after this one in The Light City. A Mutiara LRT station is planned with a direct link to the precinct, and Bayan Lepas’ semiconductor hub drives expatriate rental demand. WhatsApp us for rental and resale comparables.
Ready to Find Out More?
Send one message and you’ll get the current price list, live availability, full floor plans and the latest developer package for Lightwater Residences — straight to your WhatsApp.
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Freehold sea-fronting condominium by IJM Land Berhad and Perennial Holdings — the final residential phase of Penang’s premier integrated waterfront precinct.
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Independent Agent Disclosure: This website is operated by Gabriel Khaw Chung Keat (REN 71321), a licensed Real Estate Negotiator under IQI Realty Sdn. Bhd. (Agency Registration No. E (1) 1584). This is an independent marketing website and is not affiliated with, nor the official website of, the property developer. All information is subject to change without notice. | Privacy Policy