Merione Residences, George Town
IJM Land Berhad · Condominium · Freehold · Selling
RM 1,578,000 to RM 1,943,000 · 1,055–1,206 sq ft · 3 bed · Completion 2029
- 1Price against the areaRM 1,496+90% vs new launches nearby+174% 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 1,496 per sq ft
- 4Cost and risksRM 204,920Cash upfront and RM 6,546 a month after that
Merione Residences is a freehold condominium in George Town, Penang, by IJM Land. The developer lists prices from RM1,578,000 for a 1,055 sq ft unit, about RM1,496 psf. That is 174% above the NAPIC 2025 median of RM546 psf for completed condos in the Timur Laut district. Checked against the developer's website on · Developer's project page
Location
Gelugor (THE LIGHT Waterfront Penang), George Town, Penang
Nearby, as listed by the developer
- Direct access to future LRT station
- Covered direct link to PWCC, The Waterfront Shoppes & Hotels
- Tun Dr Lim Chong Eu Expressway
1Merione Residences price compared with the area
Prices start from RM 1,578,000. If that price is for the smallest layout (1,055 sq ft), it works out to about RM 1,496 per sq ft.
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.
The developer does not publish a price per sq ft. Ask for the price list. If the starting price is for a bigger layout, the entry price per sq ft is lower than shown here.
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 |
|---|---|---|
| Sunway CochraneJalan Cochrane, Kuala Lumpur | RM 1,458 | -3% |
| ClarissaLangkawi, Kedah | RM 1,540 | +3% |
| Pavilion Embassy Kuala LumpurEmbassy Row, Kuala Lumpur | RM 1,581 | +6% |
| Times Square 2Bukit Bintang, Kuala Lumpur | RM 1,410 | -6% |
| Parkside ResidencesSetia Federal Hill, Kuala Lumpur | RM 1,592 | +6% |
| Khaya ResidencesBangsar, Kuala Lumpur | RM 1,392 | -7% |
| Southpoint ResidencesMid Valley City, Kuala Lumpur | RM 1,634 | +9% |
| 111 MenerungBangsar, Kuala Lumpur | RM 1,640 | +10% |
4Cost and risks
Starting priceRM 1,578,000
Monthly instalment
RM 6,546
Cash upfront (down payment and stamp duty)
RM 204,920
- Down payment
- RM 157,800
- Stamp duty on the transfer
- RM 47,120
- Loan amount
- RM 1,420,200
- Total interest over the loan
- RM 1,329,277
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
- IJM Land Berhad
- Location
- Gelugor (THE LIGHT Waterfront Penang), Penang
- Property type
- Condominium
- Tenure
- Freehold
- Total units
- 145
- Blocks / towers
- Not stated by the developer
- Storeys
- 29
- Expected completion
- 2029
Infinity Pool · Jacuzzi · Wading Pool · Gymnasium · Steam Room · Pickleball Court · BBQ Pavilion · Children's Pet Friendly Playground · Multipurpose Hall · Reading Lounge · Games Room · Surau
Merione Residences floor plans and photos
Our take
- The entry price per sq ft is 174% 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 6th lowest entry price per sq ft.
- Other new launches at a similar price per sq ft: Sunway Cochrane (RM 1,458 psf), Clarissa (RM 1,540 psf) and Pavilion Embassy Kuala Lumpur (RM 1,581 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
More new launches by IJM Land
Merione Residences: common questions
How much is Merione Residences in George Town?
The developer lists prices from RM 1,578,000, about RM 1,496 per sq ft for the smallest layout.
Is Merione Residences freehold or leasehold?
The developer lists it as freehold.
When will Merione Residences be completed?
The developer gives 2029 as the expected completion date.
Can foreigners buy Merione 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.