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 176 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-

The only amenities nearby this town are some schools.

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 for sale listings:

DateTypeBuilt-upPrice
TodayCondominium1,701 sfRM1,950,000
TodayCondominium1,582 sfRM1,320,000
6 Jan 2022Condominium1,701 sfRM2,500,000
4 Jan 2022Condominium1,523 sfRM1,500,000
15 Dec 2021Condominium1,701 sfRM1,550,004
15 Dec 2021Condominium1,270 sfRM1,200,000
15 Dec 2021Condominium1,701 sfRM1,550,000
15 Dec 2021Condominium2,239 sfRM1,700,000
14 Dec 2021Condominium1,927 sfRM1,600,000
14 Dec 2021Condominium1,841 sfRM1,490,000

Latest The Light Waterfront for rent listings:

DateTypeBuilt-upRental
TodayCondominium1,100 sfRM1,900
6 Jan 2022Condominium1,701 sfRM5,000
5 Jan 2022Condominium1,582 sfRM3,200
4 Jan 2022Condominium1,701 sfRM3,000
18 Dec 2021Condominium1,249 sfRM2,300
18 Dec 2021Studio581 sfRM1,800
15 Dec 2021Condominium1,927 sfRM3,500
14 Dec 2021Condominium2,174 sfRM3,500
14 Dec 2021Condominium1,475 sfRM1,900
14 Dec 2021Condominium1,539 sfRM2,000
1 user comments on The Light Waterfront

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