The Light Waterfront, Gelugor

The Light Waterfront is a freehold apartment & landed development located in Gelugor, Penang. It consists of The Essence, The Light Collection 1, The Light Collection 2, The Light Collection 3, The Light Collection 4, The Light Linear, The Light Point and Waterside Residence. 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 145 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
RM1,090,000 - RM1,850,000 (Apartment)
RM3,760,000 - RM4,010,000 (House)
Density
-NA-
Completed In
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Developer
Launch Price
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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 Waterfront are from RM1,090,000 to RM1,850,000 (about RM740 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 RM6,800 to RM8,000 (about RM2.17 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 Waterfront is 2.58% for apartment units and 2.27% for houses. The highest rental yield ever recorded was 5.65% in Q3 2012 (Apartment) and 2.27% in Q1 2019 (House); while the lowest one was 2.12% in Q1 2018 (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 Waterfront for apartment units is 3-bedroom / 1,475 sf with a median price of RM740 psf. For price wise, the most expensive one is 3-bedroom / 1,701 sf with a median price of RM1,090 psf; while the cheapest one is 3-bedroom / 1,475 sf with a median price of RM740 psf.

House Layouts

Lastly, the most popular layout and size combination at The Light Waterfront for houses is 4-bedroom / 3,132 sf with a median price of RM1,280 psf. For price wise, the most expensive one is 5-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 Waterfront for sale listings:

DateTypeBuilt-upPrice
18-Apr-19Condominium1,528 sfRM1,180,000
18-Apr-19Condominium1,475 sfRM1,080,000
18-Apr-19Condominium2,200 sfRM1,800,000
18-Apr-19Condominium1,950 sfRM1,750,000
18-Apr-19Condominium2,380 sfRM2,100,000
18-Apr-19Condominium1,450 sfRM1,080,000
18-Apr-19Condominium1,890 sfRM1,680,000
18-Apr-19Condominium1,890 sfRM1,480,000
18-Apr-19Condominium1,580 sfRM1,180,000
18-Apr-19Condominium1,720 sfRM1,450,000

Latest The Light Waterfront for rent listings:

DateTypeBuilt-upRental
13-Apr-19Condominium1,800 sfRM3,000
13-Apr-19Condominium1,475 sfRM3,000
13-Apr-19Condominium1,582 sfRM2,500
13-Apr-19Condominium1,500 sfRM3,000
13-Apr-19Studio520 sfRM1,800
12-Apr-19Condominium517 sfRM1,800
12-Apr-19Condominium1,500 sfRM2,500
12-Apr-19Condominium1,476 sfRM3,200
08-Apr-19Condominium1,539 sfRM2,500
07-Apr-19Duplex3,300 sfRM6,300