Queens Residences Q3, Bayan Lepas
Ideal Property Group · Condominium · Freehold · Selling
RM 997,500 to RM 3,336,000 · 950–1,400 sq ft · 2–3 bed · Completion 2028
- 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 · High unsold supply in the state
- 3Other options at this price–Price per sq ft not published
- 4Cost and risksRM 123,675Cash upfront and RM 4,138 a month after that
Queens Residences Q3 is a freehold condominium in Bayan Lepas, Penang, by Ideal Property. The developer lists prices from RM997,500. 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
Queensbay, Bayan Lepas, Penang
Nearby, as listed by the developer
- Queensbay Mall (100m)
- Sg. Nibong Bus Terminal (1.4km)
- Penang Bridge (3km)
- Pantai Hospital Penang (3.5km)
- Penang Second Bridge (8km)
- Penang International Airport (9km)
1Queens Residences Q3 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 priceRM 997,500
Monthly instalment
RM 4,138
Cash upfront (down payment and stamp duty)
RM 123,675
- Down payment
- RM 99,750
- Stamp duty on the transfer
- RM 23,925
- Loan amount
- RM 897,750
- Total interest over the loan
- RM 840,275
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
- Ideal Property Group (Ideal Gim Venture Sdn. Bhd.)
- Location
- Queensbay, Penang
- Property type
- Condominium
- Tenure
- Freehold
- Total units
- 532
- Blocks / towers
- Not stated by the developer
- Storeys
- 25
- Expected completion
- 2028
Tranquil Infinity Pool · Jacuzzi Aqua Cove · Feature Pool Bar · Splashplay Wading Pool · Wellness Club · Flamenco Dance & Yoga Studio · Co-Working Lounge · Multipurpose / Function Hall · Saunas · Kids Playtopia Park · BBQ Garden Pavilion
Queens Residences Q3 floor plans and photos
Queens Residences Q3 layouts
| Layout | Size | Bedrooms |
|---|---|---|
| Type A | 950 sq ft | 2 |
| Type B | 1,000 sq ft | 3 |
| Type C | 1,280 sq ft | 3 |
Our take
- Many completed condos in Penang are still unsold. That can make a unit slower to resell or rent out.
More new launches in Bayan Lepas
Other new launches in Penang
More new launches by Ideal Property
Queens Residences Q3: common questions
How much is Queens Residences Q3 in Bayan Lepas?
The developer lists prices from RM 997,500.
Is Queens Residences Q3 freehold or leasehold?
The developer lists it as freehold.
When will Queens Residences Q3 be completed?
The developer gives 2028 as the expected completion date.
Can foreigners buy Queens Residences Q3?
Units priced at RM 1,000,000 or more meet Penang's minimum for foreign buyers. Cheaper units do not.
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.