Maldives Residences, Bayan Lepas
Ideal Property Group · Freehold · Not stated
- 1Price against the area–Price per sq ft not published
- 2The area+16.6%Change in Penang house prices over the four years to Q1 2026
- 3Other options at this price–Price per sq ft not published
- 4Cost and risks–Starting price not published
Maldives Residences is a freehold condominium in Bayan Lepas, Penang, by Ideal Property. The developer has not published a price. Completed condos in the Barat Daya district had a NAPIC 2025 median of RM500 psf. Checked against the developer's website on · Developer's project page
Location
Ideal City, Bayan Lepas, Bayan Lepas, Penang
Nearby, as listed by the developer
- Penang International Airport
- Penang Bridges
- upcoming LRT station
1Maldives Residences price compared with the area
The developer's page does not give both a starting price and a unit size, so we cannot work out a price per sq ft.
See the 12 completed condos NAPIC recorded in the Barat Daya district on the area page.
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 Barat Daya changed -1.2% in price from 2024 to 2025 and -0.7% 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 Bayan Lepas page.
4Cost and risks
Starting price not published
Things to check
- No completion date is published: ask for the vacant possession date and the late-delivery terms in the SPA.
- 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
- Ideal Property Group (Ideal Homes Properties Sdn Bhd)
- Location
- Ideal City, Bayan Lepas, Penang
- Property type
- Not stated by the developer
- Tenure
- Freehold
- Total units
- Not stated by the developer
- Blocks / towers
- 4
- Storeys
- 46
- Expected completion
- Not stated by the developer
Infinity Pool · Gymnasium · Beach Club · Water Slide Deck · BBQ Pavilion · Jogging Track
Maldives Residences floor plans and photos
Our take
- House prices in Penang rose 16.6% over the last four years.
More new launches in Bayan Lepas
Other new launches in Penang
More new launches by Ideal Property
Maldives Residences: common questions
Is Maldives Residences freehold or leasehold?
The developer lists it as freehold.
Can foreigners buy Maldives Residences?
Penang sets a RM 1,000,000 minimum for foreign buyers. The developer does not list a full price range, so check the price of the unit you want.
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.