Lightwater Residences, George Town
Jaringan Simfoni Sdn. Bhd. · Condominium · Freehold · Selling
RM 2,390,000 to RM 7,132,000 · 1,152–3,186 sq ft · Completion 2028
- 1Price against the areaRM 1,780+126% vs new launches nearby+226% vs completed condos
- 2The area+16.6%Change in Penang house prices over the four years to Q1 2026 · High unsold supply in the state
- 3Other options at this price8other new launches within 15% of RM 1,780 per sq ft
- 4Cost and risksRM 318,600Cash upfront and RM 9,915 a month after that
Lightwater Residences is a freehold condominium in George Town, Penang, by Jaringan Simfoni. The developer lists prices from RM2,390,000. Completed condos in the Timur Laut district had a NAPIC 2025 median of RM546 psf. Checked against the developer's website on · Developer's project page
Location
The Light City (THE LIGHT Waterfront Penang), Gelugor, George Town, Penang
Nearby, as listed by the developer
- Penang Bridge (views)
- The Light City
1Lightwater Residences price compared with the area
The developer has not published a price we can match to a layout. On EdgeProp (listed 07 May 2026), a 1,152 sq ft unit has an asking price of RM 2,050,000, about RM 1,780 per sq ft. That is an agent's asking price. The developer has not confirmed it.
EdgeProp · 07 May 2026 · checked 2026-09-29
NAPIC recorded 9 completed condos in the Timur Laut district in 2025. That area includes George Town. Its entry price per sq ft is higher than every price NAPIC recorded in the area. New launches usually cost more per sq ft than completed condos nearby.
See the 9 completed condos NAPIC recorded in the Timur Laut district on the area page.
- The WaveRM 598
- Lumina ResidenceRM 731
- Setia V ResidencesRM 753
- Setia SV2RM 787
- Crown PenangRM 1,147
- Merione ResidencesRM 1,496
- Lightwater ResidencesRM 1,780
- G'VintonRM 1,848
Each developer's starting price divided by its smallest layout, unless the developer states a price per sq ft.
2The area
- Timur LautRM 753 · 11 launchesRM 546
- Barat DayaRM 556 · 5 launchesRM 500
- Seberang Perai TengahRM 434 · 6 launchesRM 368
- Seberang Perai UtaraRM 442 · 1 launchRM 362
NAPIC 2025 data. Only areas with at least 5 recorded schemes are listed. Hover or tap an area for details.
Completed condos in Timur Laut changed -2.2% in price from 2024 to 2025 and -1% in the first half of 2026 (NAPIC, median per condo). See the price trend
House prices in Penang rose 16.6% in the four years to Q1 2026P, against 14.2% for Malaysia. See the state price and supply charts on the George Town page.
3Other options at this price
↑ Starting price
| Project | Entry psf | vs this |
|---|---|---|
| G'VintonGeorge Town | RM 1,848 | +4% |
| Eaton ResidencesKLCC, Kuala Lumpur | RM 1,780 | 0% |
| SWNK HouzeBukit Bintang City Centre, Kuala Lumpur | RM 1,739 | -2% |
| Centrix The StationDang Wangi, Kuala Lumpur | RM 1,665 | -6% |
| 111 MenerungBangsar, Kuala Lumpur | RM 1,640 | -8% |
| Southpoint ResidencesMid Valley City, Kuala Lumpur | RM 1,634 | -8% |
| DIVINE KLCCKLCC, Kuala Lumpur | RM 1,928 | +8% |
| The ConlayKLCC, Kuala Lumpur | RM 1,965 | +10% |
4Cost and risks
Starting priceRM 2,390,000
Monthly instalment
RM 9,915
Cash upfront (down payment and stamp duty)
RM 318,600
- Down payment
- RM 239,000
- Stamp duty on the transfer
- RM 79,600
- Loan amount
- RM 2,151,000
- Total interest over the loan
- RM 2,013,290
Based on the starting price, with stamp duty on the transfer only. Legal fees and loan stamp duty are extra. We apply the first-home exemption only up to RM500,000. Confirm it with your lawyer.
Things to check
- In Penang a foreign buyer needs state consent and can only buy a unit priced at RM 1,000,000 or more.
Project details+
- Developer
- Jaringan Simfoni Sdn. Bhd. (IJM Land)
- Location
- The Light City (THE LIGHT Waterfront Penang), Gelugor, Penang
- Property type
- Condominium
- Tenure
- Freehold
- Total units
- Not stated by the developer
- Blocks / towers
- 2
- Storeys
- 34
- Expected completion
- 2028
Sky Villa - Social Kitchen · Estuary-inspired landscape
Lightwater Residences photos
Our take
- The entry price per sq ft is 226% above the median for completed condos in George Town. Some of that gap is normal for a new building. We would compare it with other new launches in George Town before paying a booking fee.
- Of the 8 new launches we track in George Town, it has the 7th lowest entry price per sq ft.
- Other new launches at a similar price per sq ft: G'Vinton (RM 1,848 psf), Eaton Residences (RM 1,780 psf) and SWNK Houze (RM 1,739 psf).
- Many completed condos in Penang are still unsold. That can make a unit slower to resell or rent out.
More new launches in George Town
Other new launches in Penang
Lightwater Residences: common questions
How much is Lightwater Residences in George Town?
The developer lists prices from RM 2,390,000, about RM 1,780 per sq ft for the smallest layout.
Is Lightwater Residences freehold or leasehold?
The developer lists it as freehold.
When will Lightwater Residences be completed?
The developer gives 2028 as the expected completion date.
Can foreigners buy Lightwater Residences?
The starting price is above Penang's RM 1,000,000 minimum for foreign buyers.
Sources
Project facts come from the developer's website. Area prices and yields come from NAPIC's Laporan Pasaran Harta 2025. State figures come from the MHPI (Q1 2026P) and the NAPIC overhang tables (Q1 2026). No developer pays us.