The Light Waterfront, Gelugor

The Light Waterfront is a freehold town located in Gelugor, Penang Island. It is an upscale mixed-use development located north of the Penang Bridge, built on reclaimed land. The accessibility to this area is bad because there is only one entry and point as of 2019. Because of its location beside the bridge, getting in and out of the area during peak hours is a nightmare as it shares the same road as one of the main highways used to leave the island.

The built-up available in this town is 3,132 sf to 10,581 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 178 real estate projects in Malaysia. Other similar projects by the same developer are Bandar Rimbayu, Bandar Sri Pinang, Bandar Utama and S2 Heights.

Property Type
Town
Land Tenure
Freehold
Built-up
3,132 sf - 10,581 sf (House)
Market Price
RM3,190,000 - RM14,780,000 (House)
Density
-NA-
Completed In
-NA-
Developer
Launch Price
-NA-

This town has some amenities nearby, for example universities and schools. The following are some main universities here:

The current rental yield of The Light Waterfront is 2.44% for houses. The highest rental yield ever recorded was 2.45% in Q2 2020 (house); while the lowest one was 1.27% in Q4 2018 (house). Meanwhile, the most common unit layouts and sizes available here are as follows:

House Layouts

The most popular layout and size (built-up) combination at The Light Waterfront for houses is 4-bedroom / 3,132 sf with a median price of RM1,020 psf. For price wise, the most expensive one is 6-bedroom / 7,040 sf with a median price of RM2,100 psf; while the cheapest one is 4-bedroom / 3,800 sf with a median price of RM880 psf.

Latest The Light Waterfront sale listings:

DateTypeBuilt-upPrice
7 Dec 2022Condominium1,700 sfRM1,900,000
31 Oct 2022Condominium1,582 sfRM1,380,000
19 Oct 2022Condominium1,701 sfRM1,700,000
17 Oct 2022Condominium1,701 sfRM2,100,000
30 Jul 2022Condominium1,701 sfRM1,930,000
25 May 2022Condominium2,314 sfRM2,200,000
1 Mar 2022Condominium1,582 sfRM1,500,000
11 Feb 2022Condominium1,582 sfRM1,500,000
26 Jan 2022Condominium1,582 sfRM1,250,000
25 Jan 2022Condominium1,030 sfRM850,000

Latest The Light Waterfront rental listings:

DateTypeBuilt-upRental
19 Dec 2022Condominium1,700 sfRM4,500
20 Dec 2022Condominium1,700 sfRM4,500
16 Dec 2022Condominium1,700 sfRM4,500
15 Apr 2022Condominium1,249 sfRM2,800
9 Mar 2022Condominium1,249 sfRM3,800
22 Feb 2022Condominium517 sfRM1,800
28 Jan 2022Condominium2,160 sfRM4,000
20 Jan 2022Condominium1,100 sfRM1,900
23 Jan 2022Condominium2,200 sfRM3,800
22 Jan 2022Condominium1,569 sfRM2,200
2 user comments on The Light Waterfront

Beautiful place.. Love everything except for the rush hour jam.

Northern Pinky
26 Sep 2022 @ 4:19 PM

Thiz person are scammer..