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.
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:
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.
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:
Latest The Light for rent listings: