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Ideal Residency condo photo
Condominium

Ideal Residency

Gelugor, Penang·Ideal Property Group

Ideal Residency is a condominium in Gelugor, Penang, developed by Ideal Property Group and completed in 2024, with 1,218 units; its listings give the tenure as freehold. 39 units for rent from RM 1,500 a month; JPPH median RM 494,000 from 8 sales in the last 3 years (139 recorded, latest Apr 2026). Most listed units are 850 to 928 sq ft with 3 bedrooms; listings mention swimming pool, gym, security, lift, parking and playground.

Nearest planned LRT station: Gelugor (1.2 km), Mutiara Line, under construction

For rent

RM 1,500/mo – RM 2,500/mo

JPPH transactionsMedian RM 494,000 · RM 581 psf· 8 sales in the last 3 years · 139 recorded · latest 2026-04

49-storey residential tower in Gelugor that received CCC in August 2024 with key handover from mid-September 2024.

Ideal Residency key facts

Property type
Condominium
Location
Gelugor, Penang
Developer
Ideal Property Group
Tenure
Freehold (as listed)
Completed
2024
Total units
1,218
Nearest planned LRT station
Gelugor, about 1.2 km (Mutiara Line, under construction)
Most listed sizes
850 to 928 sq ft
Bedrooms (listed)
3 bedrooms
Facilities (named in listings)
swimming pool, gym, security, lift, parking, playground
Units listed
0 for sale, 39 for rent
Asking rent range
RM 1,500 – RM 2,500 per month
Median transacted price
RM 494,000 (JPPH, 8 sales in the last 3 years)

Listings as of 3 Nov 2026. JPPH records to Apr 2026.

Project details

Type
Condominium
Total units
1,218
Completed
2024
Developer
Ideal Property Group
Address
Jalan Lembah, Kampung Kastam, 11700 Gelugor, Pulau Pinang, Malaysia

Unit types at Ideal Residency

From the 39 live listings here that state bedrooms. Sizes show the range most of them fall in.

BedroomsListedSizeRent a month
3 bedrooms39850 to 928 sq ftRM 1,500 to RM 2,500
3-bedroom condo for rent in Gelugor, Penang - Condo @ Ideal Residency, Gelugor
Verified

Listed 28 Oct 2026

GIC Properties logo

RM 1,500/mo

Condo for Rent @ Ideal Residency, Gelugor | Partially Furnished

322850 sqftCondo

Gelugor, Penang

Ocean Leong
3-bedroom condo for rent in Gelugor, Penang
Verified

Readvertised 16 Oct 2026

GIC PROPERTIES logo

RM 1,500/mo

Ideal Residency @ Island Glades Gelugor Partially Furnished 3 Bedrooms For Rent

321850 sqftCondo

Gelugor, Penang

BEN LIAU TZE CHEN
3-bedroom condo for rent in Gelugor, Penang

Listed 16 Oct 2026

GIC property logo

RM 1,500/mo

Ideal Residency Gelugor Bukit Gambier USM Pool View Venice 850sf

321850 sqftCondo

Gelugor, Penang

LLaw kim leong
3-bedroom condo for rent in Gelugor, Penang - Ideal Residency at Gelugor near USM

Listed 12 Oct 2026

GIC PROPERTIES logo

RM 2,000/mo

Ideal Residency at Gelugor near USM for Rent

321900 sqftCondo

Gelugor, Penang

Melissa Ang Hwei Li
3-bedroom condo for rent in Gelugor, Penang - Ideal Residency Condominium RENT near USM

Listed 09 Oct 2026

IQI logo

RM 1,500/mo

Ideal Residency Condominium RENT near USM

321900 sqftCondo

Gelugor, Penang

Corrian
3-bedroom condo for rent in Gelugor, Penang - Ideal Residency, Gelugor
Verified

Listed 09 Oct 2026

GIC Properties logo

RM 1,800/mo

Ideal Residency, Gelugor | Fully Furnished

321850 sqftCondo

Gelugor, Penang

Ocean Leong
3-bedroom condo for rent in Gelugor, Penang - Ideal Residency @ Gelugor Available Viewing
Verified

Listed 06 Oct 2026

GIC PROPERTIES logo

RM 2,000/mo

Ideal Residency @ Gelugor Fully Furnished For Rent Available Viewing

321928 sqftCondo

Gelugor, Penang

BEN LIAU TZE CHEN
3-bedroom condo for rent in Gelugor, Penang - Ideal residency at Gelugor near USM

Listed 05 Oct 2026

GIC PROPERTIES logo

RM 1,800/mo

Ideal residency at Gelugor near USM for rent

321900 sqftCondo

Gelugor, Penang

Melissa Ang Hwei Li
3-bedroom condo for rent in Gelugor, Penang
Verified

Listed 30 Sep 2026

GIC PROPERTIES logo

RM 1,800/mo

Ideal Residency @ Island Glades Gelugor Partially Furnished 3 Bedrooms For Rent Available Now

321850 sqftCondo

Gelugor, Penang

BEN LIAU TZE CHEN
3-bedroom condo for rent in Gelugor, Penang

Listed 28 Sep 2026

ZEON PROPERTIES logo

RM 1,600/mo

Amazing Unit For Rent Immediately At Gelugor, Great For Students!!

321900 sqftCondo

Gelugor, Penang

CChua Liang
3-bedroom condo for rent in Gelugor, Penang

Listed 27 Sep 2026

ZEON PROPERTIES logo

RM 2,000/mo

Amazing Unit For Rent Immediately At Gelugor, Very Nice Furnishings!!

321800 sqftCondo

Gelugor, Penang

CChua Liang
3-bedroom condo for rent in Gelugor, Penang

Listed 27 Sep 2026

ZEON PROPERTIES logo

RM 1,500/mo

Super Rare Unit For Rent Immediately At Gelugor, Renovations Done!!

321850 sqftCondo

Gelugor, Penang

CChua Liang

All 39 listings at Ideal Residency

For rent (39)

Ask the agents who list here

These 6 agents have units at Ideal Residency on Rummah right now and can tell you about others in the building.

Own a unit at Ideal Residency?

JPPH median here: RM 494,000 (RM 581 psf). Check what yours is worth from JPPH transacted prices, free and without signing up.

Check its value →

Agent with a unit here? List it on Rummah for free.

Property transactions

139 recorded sales · Sep 21 – Apr 26

MedianRM 494,000

PSFRM 581

850 sqft×120

ApartmentRM 480,000
Apr-26 · 850 sqftRM 564 psf
ApartmentRM 525,000
Aug-25 · 850 sqftRM 617 psf
ApartmentRM 520,000
May-25 · 850 sqftRM 612 psf
ApartmentRM 450,000
Apr-25 · 850 sqftRM 529 psf
ApartmentRM 508,000
Jan-25 · 850 sqftRM 597 psf
ApartmentRM 633,000
Jan-25 · 850 sqftRM 744 psf

Legend Recent Highest price Highest psf

Recorded sale prices · JPPH / NAPIC

Prices & recent transactions at Ideal Residency

Where is Ideal Residency located?
Ideal Residency is located at Jalan Lembah, Kampung Kastam, 11700 Gelugor, Pulau Pinang, Malaysia. It was developed by Ideal Property Group.
How much is rent at Ideal Residency?
39 units are available to rent at Ideal Residency, from RM 1,500 to RM 2,500 per month (listings as of 3 Nov 2026).
How big are the units at Ideal Residency?
Most units listed at Ideal Residency are 850 to 928 sq ft, with 3 bedrooms.
Is Ideal Residency freehold or leasehold?
Listings at Ideal Residency give the tenure as freehold (all 9 that state one). This comes from the listings, not a land title search, so confirm it before you buy.
What have units at Ideal Residency recently transacted for?
JPPH has recorded 139 sales of units at Ideal Residency, the latest in Apr 2026. The median of the 8 sales in the last three years (Dec 2024 to Apr 2026) is RM 494,000 (about RM 581 per sq ft). Most sold between RM 450,000 and RM 544,000. 18 non-market or outlier records are left out.
What facilities are available at Ideal Residency?
Listings at Ideal Residency mention swimming pool, gym, security, lift, parking and playground.
Is Ideal Residency near the Penang LRT?
The nearest planned Mutiara Line station is Gelugor, about 1.2 km from Ideal Residency in a straight line. The line is under construction, and MRT Corp expects it to open in December 2031.
What are the key details of Ideal Residency?
Ideal Residency has 1,218 units, completed in 2024.

Transaction figures are aggregated from JPPH records, with non-market transfers, controlled-price sales and outliers left out of the median. Individual buyer and seller details are not shown.

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