3 Houses for Sale at Ideal Residency, Gelugor, Penang
Ideal ResidencyIdeal Residency is a thoughtfully designed freehold residential development located at 633 Jalan Lembah, Kampung Kastam, 11700 Gelugor, Penang, Malaysia.Developed by Ideal Capital Venture Sdn. Bhd in 2024, a subsidiary of Ideal Property Group, this condominium consists of 1,218 units.Each apartment ranges in size from approximately 850 to 928 sq ft and features three bedrooms and two bathrooms. Ideal Residency offers an attractive balance between affordability and comfort, making it an appealing choice for families who wish to enjoy contemporary urban living in a central Penang location.The project aims to offer thoughtfully designed homes for different lifestyle needs, especially for first-time buyers and families seeking both value and functionality. With practical floor plans, comfortable living spaces, and a strong location advantage, Ideal Residency presents a modern housing solution that is easy to maintain and enjoy.What Makes an Ideal Residency Stand OutIdeal Residency boasts a convenient location in Gelugor, making it easy to reach daily needs and services. Situated near choice schools, retail shops, healthcare centres, and eateries, the development ensures a comfortable lifestyle for its residents.It is well-connected to major roads such as Jalan Lembah, Jalan Bukit Gambir, and Jalan Sultan Azlan Shah. Its proximity to University Science Malaysia (USM) adds further convenience, especially for students and staff seeking nearby accommodation.The development is also conveniently located near green spaces, local parks, and scenic routes, making it an ideal choice for residents who value access to open-air recreation.Getting Around Is Easy from HereIdeal Residency is positioned for easy commuting and practical living. Major roads, such as Jalan Lembah and Jalan Bukit Gambir, offer quick connections to surrounding areas and the city centre, which can be reached in 20 to 30 minutes, depending on traffic.Public transport options and nearby services further support daily convenience. The surrounding neighbourhood is lively and offers access to academic, cultural, and leisure facilities at USM, making it a well-rounded living environment.The area also benefits from infrastructure upgrades, with road improvements and improved pedestrian access adding to the everyday ease of getting around.Thoughtful Facilities for Everyday ComfortIdeal Residency has been designed to cater to a diverse range of lifestyle needs. It's a 49-storey single block that includes 41 residential levels, six parking floors, and two podium recreation levels. The development consists of the following facilities:ParkingSecurityLiftSwimming PoolPlaygroundGymnasiumMultipurpose hallJogging TrackThese facilities give residents many chances to relax, stay active, and enjoy community living within a secure environment.Nearby Schools and Learning CentresFamilies at Ideal Residency benefit from proximity to several learning centres and schools. Nearby options include:Sekolah Kebangsaan Bukit GelugorPusat Kegiatan Guru GelugorPersatuan Dyslexia MalaysiaUniversity Science Malaysia (USM)These institutions offer convenient access to education for all age groups, making the area an ideal location for family living.Food Spots Around Ideal ResidencyThe surrounding area is renowned for its diverse variety of food choices, including local dishes and quick bites. Some nearby places to eat include:Lyana Roti CanaiShariff Nasi KandarDomino's PizzaTraditional food stalls, casual diners, and fast-food options make dining out a convenient and straightforward experience.Clinics and Pharmacies Close to HomeHealthcare services are easily accessible from Ideal Residency. Some nearby medical facilities include:Klinik Permai Medical ClinicHealthChemist PharmacyAlphameds PharmacyThese centres provide essential medical care and pharmacy services, adding peace of mind for residents.Shops and Supermarkets NearbyResidents can find daily essentials and groceries with ease, thanks to nearby supermarkets such as:Market and Food Complex Jalan PermaiPasaraya BestariHuang Yi MartThese shops have many different items available, providing a convenient shopping experience.Ideal Residency Site layoutIdeal Residency spans approximately three acres of land at 633 Jalan Lembah. The development consists of one 49-storey block designed to maximise space and natural light in each unit.The modern architectural layout creates a balance between urban elegance and serene living. With its combination of height, thoughtful planning, and expert landscaping, the site creates a calm, contemporary environment.Green areas are included throughout the site, creating spots for quiet time, relaxation, or casual gatherings. The design also incorporates ample walking paths and shared spaces that foster a strong community vibe.Project Name: Ideal ResidencyType: CondominiumLocation: Gelugor, PenangTenure: FreeholdConfiguration: 1,218 residential unitsTotal Floors: 49Total Blocks: OneBuilt-up Area: 850 to 928 sq ftLayout: Three bedrooms, two bathrooms, living and dining area, kitchen, yard, balconyDeveloperIdeal Capital Venture Sdn develops the project. Bhd., part of the Ideal Property Group. The group is known for offering homes that combine practicality with accessible pricing.Ideal Residency reflects this vision by offering homes that are both liveable and within reach for many buyers.Their portfolio includes a mix of family homes, mid-range residences, and community-driven developments. This experience helps them cater to diverse buyer needs while focusing on long-term value.Related ProjectsSome other residential developments by the same developer include:SummerSkye ResidencesIdeal Venice ResidencyLucerne ResidencesThese projects reflect the developer's focus on creating well-located, value-oriented housing in Penang. They share a common aim of providing homes that combine functionality with lifestyle comfort.Nearby ProjectsThe Gelugor neighbourhood features other residential developments that contribute to a vibrant community, such as:Ideal Venice ResidencyLucerne ResidencesThese nearby projects provide additional housing options and contribute to the area's dynamic urban character. The shared locality brings convenience, diversity, and a sense of community to the overall living experience.Ideal Residency is a wise choice for those seeking practical, affordable, and well-connected homes in Gelugor, Penang, with its thoughtful layout, comprehensive facilities, and substantial location advantages.This development offers a complete urban living experience suitable for both families and individuals. Its emphasis on quality, liveability, and convenience positions it as a dependable housing solution within a growing community.
DeveloperIdeal Property Group
Explore iProperty
Ideal Residency is a unknown condominium in Gelugor, Penang. There are currently 3 listing(s) available for sale on iProperty Malaysia. The listings start from RM400K for units with 750 sqft.
You can search for other projects within Gelugor such as The LIGHT COLLECTION II, The LIGHT COLLECTION I, and Vertiq. Find your ideal properties, contact verified agents, and compare prices only with iProperty Malaysia.
The iProperty Take on Buying Ideal Residency
Roughly 2 in 10 property searches in Kampung Kastam over the last 30 days were for Ideal Residency. There are 4 total units available for sale at the project. Asking prices for 3-Bedroom units are well below the Kampung Kastam average. The single 2-Bedroom unit currently listed represents just 1 of the 4 units currently available, a reflection of its rarity rather than a shift in the wider market.
Developer & Launch
Ideal Residency is a Condominium project developed by Ideal Property Group. Located in Kampung Kastam, the development reached completion in 2023.
The project consists of 1,218 units within 1 building that stands 49 floors high. Unit configurations include Type A, which features 3 bedrooms and 2 bathrooms with a floor area ranging from 850 to 928 sq ft.
Top Amenities & Facilities at Ideal Residency
Ideal Residency provides a selection of essential facilities designed to support the daily needs and lifestyle of its residents. These amenities offer spaces for recreation, fitness, and convenience within the development.
- Swimming pool
- Playground
- BBQ
- Parking
- Gym
Pricing by Unit Type
- 2-Bedroom
- Average asking price: RM 440K
- Asking PSF: RM 591 psf
- vs. Kampung Kastam avg. PSF: RM 1,044 psf (43.45% below average)
- Positioning: Budget-friendly.
- Listings: 1
- 3-Bedroom
- Average asking price: RM 443K
- Asking PSF: RM 522 psf
- vs. Kampung Kastam avg. PSF: RM 701 psf (25.63% below average)
- Positioning: Below average.
- Listings: 3
Neighbourhood at a Glance
Ideal Residency is located within reach of several local amenities in Kampung Kastam, including a 7-Eleven situated 408 m away. Buyers can reference the following verified distances and travel times to nearby services and facilities.
- TRANSPORT: Astaka Taman Tun Sardon Bus Stop, 904 m (11 minutes walking distance)
- HEALTHCARE: Klinik Kesihatan Ibu Dan Anak Taman Tun Sardon, 1 km (12 minutes walking distance)
- EDUCATION: Government Kindergarten Taman Tun Sardon, 614 m (7 minutes walking distance)
- FOOD & BEVERAGE: Mcdonald's Desa Universiti, 692 m (8 minutes walking distance)
- CONVENIENCE STORE: 7-Eleven, 408 m (5 minutes walking distance)
Past Transaction & Price Insights
Ideal Residency recorded historical transactions from 2023 to 2026 with a median price of RM581 PSF. The typical range for these transactions was between RM529 PSF and RM628 PSF.
A 3-bedroom Type A unit of 850 sqft sold for RM423,000 at RM498 PSF in July 2023. Prices have seen a rise of 16.14%. The estimated gross rental yield is 4.74% based on current project rental listings and matched historical sale transactions.
Ready to Make Your Move?
4 homes are currently for sale at Ideal Residency, starting from RM440,000. See what's currently on the market and compare layouts side by side.
This copy was published on 25 September 2026.


