The Light, Gelugor

The Light (also known as The Light Waterfront) is a freehold apartment & landed development located in Gelugor, Penang. It consists of The Light Collection 1, The Light Collection 2, The Light Collection 3, The Light Collection 4, The Light Linear and The Light Point. The built-up available at this project is 1,475 sf to 1,701 sf for apartment units and 3,122 sf to 3,800 sf for houses. It was developed by IJM Land Bhd.

IJM Land Bhd is a huge real estate company listed on KLSE, and it has constructed around 138 real estate projects in Malaysia. Other similar projects by the same developer are Sierra Vista, The Light Collection 1, The Light Collection 4 and Trehaus.

Property Type
Apartment & Landed
Land Tenure
Freehold
Built-up
1,475 sf - 1,701 sf (Apartment)
3,122 sf - 3,800 sf (House)
Market Price
RM1,050,000 - RM1,800,000 (Apartment)
RM3,760,000 - RM4,010,000 (House)
Density
-NA-
Completed In
-NA-
Developer
IJM Land Bhd
Launch Price
-NA-

The only amenities nearby this apartment & landed development are some schools. Several of the schools here are Bukit Gambir School and SK Sungai Gelugor.

The current market prices for The Light are from RM1,050,000 to RM1,800,000 (about RM710 psf) for apartment units and RM3,760,000 to RM4,010,000 (about RM1,280 psf) for houses; while the monthly rentals are from RM2,000 to RM4,000 (about RM1.69 psf) for apartment units and RM5,500 to RM8,000 (about RM2.50 psf) for houses. The highest median price psf ever recorded was RM970 psf in Q3 2014 (Apartment) and RM1,340 psf in Q3 2018 (House); while the lowest one was RM566 psf in Q4 2011 (Apartment) and RM1,036 psf in Q1 2018 (House).

The current rental yield of The Light is 3.0% for apartment units and 1.26% for houses. The highest rental yield ever recorded was 5.65% in Q3 2012 (Apartment) and 1.57% in Q3 2018 (House); while the lowest one was 2.31% in Q4 2017 (Apartment) and 1.26% in Q4 2018 (House). Meanwhile, the most common unit layouts and sizes available here are as follows:

Apartment Layouts

The most popular layout and size combination at The Light for apartment units is 3-bedroom / 1,475 sf with a median price of RM710 psf. For price wise, the most expensive one is 3-bedroom / 1,701 sf with a median price of RM1,060 psf; while the cheapest one is 3-bedroom / 1,475 sf with a median price of RM710 psf.

House Layouts

Lastly, the most popular layout and size combination at The Light for houses is 4-bedroom / 3,132 sf with a median price of RM1,280 psf. For price wise, the most expensive one is 4-bedroom / 3,132 sf with a median price of RM1,280 psf; while the cheapest one is 4-bedroom / 3,800 sf with a median price of RM990 psf.

Latest The Light for sale listings:

DateTypeBuilt-upPrice
TodayCondominium517 sfRM610,000
TodayApartment1,819 sfRM1,850,000
TodayCondominium1,884 sfRM1,850,000
TodayCondominium1,884 sfRM1,850,000
TodayCondominium1,884 sfRM1,850,000
14-Dec-18Condominium1,900 sfRM1,600,000
13-Dec-18Condominium2,174 sfRM1,580,000
13-Dec-18Condominium1,475 sfRM1,100,000
13-Dec-18Condominium1,701 sfRM1,900,000
13-Dec-18Condominium1,851 sfRM1,900,000

Latest The Light for rent listings:

DateTypeBuilt-upRental
YesterdayCondominium1,830 sfRM3,600
YesterdayPenthouse4,080 sfRM10,000
16-Dec-18Condominium3,423 sfRM5,800
15-Dec-18Condominium1,701 sfRM4,000
15-Dec-18Condominium1,475 sfRM2,100
15-Dec-18Condominium1,575 sfRM3,000
15-Dec-18Condominium1,582 sfRM2,500
15-Dec-18Condominium-NA-RM4,200
15-Dec-18Condominium1,700 sfRM3,000
15-Dec-18Condominium1,700 sfRM3,499