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.
This town has some amenities nearby, for example universities and schools. The following are some main universities here:
- Universiti Sains Malaysia
- University Of Science
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:
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:
| Date | Type | Built-up | Price |
|---|---|---|---|
| 7 Dec 2022 | Condominium | 1,700 sf | RM1,900,000 |
| 31 Oct 2022 | Condominium | 1,582 sf | RM1,380,000 |
| 19 Oct 2022 | Condominium | 1,701 sf | RM1,700,000 |
| 17 Oct 2022 | Condominium | 1,701 sf | RM2,100,000 |
| 30 Jul 2022 | Condominium | 1,701 sf | RM1,930,000 |
| 25 May 2022 | Condominium | 2,314 sf | RM2,200,000 |
| 1 Mar 2022 | Condominium | 1,582 sf | RM1,500,000 |
| 11 Feb 2022 | Condominium | 1,582 sf | RM1,500,000 |
| 26 Jan 2022 | Condominium | 1,582 sf | RM1,250,000 |
| 25 Jan 2022 | Condominium | 1,030 sf | RM850,000 |
Latest The Light Waterfront rental listings:
| Date | Type | Built-up | Rental |
|---|---|---|---|
| 19 Dec 2022 | Condominium | 1,700 sf | RM4,500 |
| 20 Dec 2022 | Condominium | 1,700 sf | RM4,500 |
| 16 Dec 2022 | Condominium | 1,700 sf | RM4,500 |
| 15 Apr 2022 | Condominium | 1,249 sf | RM2,800 |
| 9 Mar 2022 | Condominium | 1,249 sf | RM3,800 |
| 22 Feb 2022 | Condominium | 517 sf | RM1,800 |
| 28 Jan 2022 | Condominium | 2,160 sf | RM4,000 |
| 20 Jan 2022 | Condominium | 1,100 sf | RM1,900 |
| 23 Jan 2022 | Condominium | 2,200 sf | RM3,800 |
| 22 Jan 2022 | Condominium | 1,569 sf | RM2,200 |
Beautiful place.. Love everything except for the rush hour jam.
Thiz person are scammer..