98 Houses for Sale at Queens Residences Q1 @ Queens Waterfront, Bayan Lepas, Penang
Queens Residences @ Queens Waterfront is an exclusive freehold development located in Bayan Lepas, Penang. Ideal Property Group was tasked with this massive undertaking of perfecting this mixed development comprising Queens Residences, Queens Sports Centre, and an International School. This development is constructed mainly on reclaimed land and is expected to be fully operational in 2022. Queens Residences consists of 4 towers, 2 of which (Q1 and Q2) are already open for sale. Q1 comprises of 500 units while Q2 has 450. Complementing this development are the international standard sports centre (which houses a velodrome, a FINA standard aquatic centre, and a 2-acre football field) and the international school, which will be ready during the final construction phase of this project. Bayan Lepas is a busy city on Penang Island. This city is one of the most developed in Penang, hosting many of Penang’s iconic projects and landmarks, such as the Penang International Airport and Queensbay Mall. Bayan Lepas is also home to the Bayan Lepas Free Trade Zone, making it a central industrial hub. The Bayan Lepas Expressway feeds into and out of the city, and local commuters can also rely on public transportation such as the Rapid Penang bus services. Some local amenities nearby Queens Waterfront include petrol kiosks, post offices, banks, clinics, and convenience stores. Queens Residences will be complemented with a wide range of top-notch amenities to suit various lifestyles. Tenants can have a relaxing stroll in the parks, linear gardens, and rooftop gardens and enjoy the evening breeze. Swimming and wading pools are available in the residences. A sports bar will be available in tower Q1, where residents can have a drink after a long day and enjoy table tennis, darts, and snooker. There’s also a 3-tier security system to safeguard the residences. The first phase of Queens Residences, Q1, consists of 500 condominium units in a 21-storey structure with a build-up area ranging from 950 sq ft to 1,650 sq ft. The ground floor and first floor of this 21-storey tower will feature commercial outlets. The available layouts for Q1 are: Type A (950 sq ft, 2 bedrooms + 2 bathrooms) Type B (1,000 sq ft, 2 bedrooms + 1 study + 2 bathrooms) Type C (1,200 sq ft, 2 bedrooms + 1 study + 2 bathrooms) Type D (1,400 sq ft, 3 bedrooms + 2 bathrooms) Type E (1,650 sq ft, 4 bedrooms + 3 bathrooms) The second phase of Queens Residences, Q2, is made of 450 condominium units in a 24-storey structure with a build-up area of 950 sq ft to 1,650 sq ft, with the Dual Key concept. Similar to Q1, the ground floor will feature a commercial zone, but the 1stfloor will be consisting of office spaces as well as a nursery. The available layout for Q2 are: Type A (950 sq ft, 2 bedrooms + 2 bathrooms + 1 powder room) Type B (1,000 sq ft, 2 bedrooms + 1 study + 2 bathrooms) Type C (1,200 sq ft, 2 bedrooms + 1 study + 2 bathrooms) Type D (1,400 sq ft, 3 bedrooms + 2 bathrooms) Type E (1,650 sq ft, 4 bedrooms + 3 bathrooms) There are 3 national school near the development that are Sekolah Kebangsaan Sungai Nibong, SMK Sungai Nibong and SJC Kwang Hwa. Universiti Sains Malaysia, one of the highest recognised local universities, is also a short drive away, providing an option for higher education. There are also many other educations institute nearby. Some of the well-known clinic nearby are Klinik Malaysia, Klinik Medicris, Klinik Zainal, Klinik Perubatan Tanah Melayu and Klinik Krystal. Queensbay Mall is within a walking distance from Queens Waterfront and there many stores within the mall such as AEON, Harvey Norman and many more. Penang is always famous for many Malaysian delicacies and there many restaurants too. Some of the restaurants near Queens Waterfront are Spink Restaurant & Lounge, Cherry Blossom Thai Restaurant Dandy Modern Food, US PIZZA, Masala Hut Authentic Indian Cuisine and Spade's Burger. Other interesting landmarks located in Bayan Lepas are the Snake Temple and the War Museum but it’s a little further from Queens Waterfront. Ideal Property Group is one of Malaysia’s leading property developers, successfully delivering high quality housing developments and earning impressive accolades such as: Asia Pacific Property Awards 2019 - 2020 Queens Waterfront Winner of Mixed-use Development Malaysia Property Insight Prestigious Developer Awards 2019 The Amarene – Winner of the ‘Best Family Centric Development’ Asia Property Awards 2019 i-Santorini – Winner of the ‘Best Mass Market Development (Penang)’ StarProperty.my Awards 2019 The Amarene – Honours Winner of ‘The Family-Friendly Award’ Housing at Queens Residences will have a launch price of RM644,999 to RM977,500, or a launch value of RM679 psf to RM815 psf.Ideal Property Group has their mark on other projects as well such as Imperial Residences @ Sungai Ara,One Imperial, Tree Sparina @ Ideal Vision Park,Fiera Vista, and One Foresta @ Bayan Lepas. Other noteworthy projects in the locale are Tropicana Bay Residences @ PWC, Setia Pinnacle, Tree Sparina @ Ideal Vision Park, One Imperial and The Clovers.
DeveloperIdeal Property Group
Explore iProperty
Queens Residences Q1 @ Queens Waterfront is a freehold condominium in Bayan Lepas, Penang. There are currently 97 listing(s) available for sale on iProperty Malaysia. The listings start from RM900K 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.
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 1.19M
- Asking PSF: RM 1,176 psf
- vs. Bayan Lepas avg. PSF: RM 908 psf (29.52% above average)
- Positioning: Premium.
- Listings: 41
- 3-Bedroom
- Average asking price: RM 1.70M
- Asking PSF: RM 1,313 psf
- vs. Bayan Lepas avg. PSF: RM 584 psf (125.03% above average)
- Positioning: Premium.
- Listings: 54
- 4-Bedroom
- Average asking price: RM 1.95M
- Asking PSF: RM 1,236 psf
- vs. Bayan Lepas avg. PSF: RM 678 psf (82.33% above average)
- Positioning: Premium, scarce.
- Listings: 3
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.



















