91 Houses for Sale at Queens Residences Q1 @ Queens Waterfront, Bayan Lepas, Penang

Queens Residences Q1 @ Queens Waterfront is a freehold condominium in Bayan Lepas, Penang. There are currently 91 listing(s) available for sale on iProperty Malaysia. The listings start from RM1M for units with 1,000 sqft.

You can search for other projects within Bayan Lepas such as Iconic Regency, Saujana Damai, and The Peak, Sungai Nibong. Find your ideal properties, contact verified agents, and compare prices only with iProperty Malaysia.

The iProperty Take on Buying Queens Residences Q1 @ Queens Waterfront

7.42% of property searches in Bayan Lepas over the last 30 days were for Queens Residences Q1 @ Queens Waterfront. The 2-Bedroom configuration is the most-searched unit type among the 97 total units available for sale. Asking prices for 2-Bedroom units are well above the Bayan Lepas average, while 3-Bedroom units are also priced well above the township benchmark. Just 2 of the 97 units currently listed are 4-Bedroom configurations, a reflection of its rarity rather than a shift in the wider market.

Developer & Launch

Queens Residences Q1 @ Queens Waterfront is a Condominium project developed by Ideal Property Group. Located in Bayan Lepas, the development reached completion in 2022.

This Freehold property consists of 450 units across 4 buildings. Available unit configurations include Type B - Queens Residences Q2 with 2 bedrooms and 2 bathrooms at 1,000 sq ft, Type D - Queens Residences Q2 with 3 bedrooms and 2 bathrooms at 1,400 sq ft, and Type E1 - Queens Residences Q2 featuring 4 bedrooms and 3 bathrooms at 1,650 sq ft.

Top Amenities & Facilities at Queens Residences Q1 @ Queens Waterfront

Queens Residences Q1 @ Queens Waterfront provides residents with a selection of essential facilities designed for daily convenience and recreation. These amenities support a balanced lifestyle within the community.

• Swimming pool
• Parking
• Gym

Pricing by Unit Type

• 2-Bedroom
  • Average asking price: RM 1.20M
  • Asking PSF: RM 1,188 psf
  • vs. Bayan Lepas avg. PSF: RM 907 psf (31.04% above average)
  • Positioning: Premium.
  • Listings: 43
• 4-Bedroom
  • Average asking price: RM 1.63M
  • Asking PSF: RM 1,066 psf
  • vs. Bayan Lepas avg. PSF: RM 675 psf (57.96% above average)
  • Positioning: Premium, scarce.
  • Listings: 2
• 3-Bedroom
  • Average asking price: RM 1.69M
  • Asking PSF: RM 1,307 psf
  • vs. Bayan Lepas avg. PSF: RM 583 psf (124.30% above average)
  • Positioning: Premium.
  • Listings: 52

Neighbourhood at a Glance

Queens Residences Q1 @ Queens Waterfront is located within walking distance of essential retail and food and beverage services in Bayan Lepas. Buyers can reference these verified routes and distances to nearby amenities for an accurate understanding of the local context.

• TRANSPORT: Queensbay Mall Bus Stop, 410 m (5 minutes walking distance)
• HEALTHCARE: O2 Clinic Skin Specialist, 1.3 km (16 minutes walking distance)
• RETAIL: Village Grocer, 280 m (3 minutes walking distance)
• FOOD & BEVERAGE: Zus Coffee, 57 m (1 minute walking distance)
• CONVENIENCE STORE: Cu, 48 m (1 minute walking distance)

Past Transaction & Price Insights

Queens Residences Q1 @ Queens Waterfront recorded an observed period of 2023 to 2026 with a median price of RM1,159 PSF. The typical range for transactions was between RM1,019 PSF and RM1,246 PSF.

A 2-bedroom Type B - Queens Residences Q2 unit of 1,000 sqft sold for RM1,000,000 (RM1,000 PSF) in February 2023. The project saw a price decline of -8.02%. The estimated gross rental yield is 4.98% based on current project rental listings and matched historical sale transactions.

Ready to Make Your Move?

98 homes are currently for sale at Queens Residences Q1 @ Queens Waterfront, starting from RM658,000. See what's currently on the market and compare layouts side by side.

This copy was published on 25 September 2026.