New launch, PenangGelugor waterfront

5°22′N 100°19′E · Gelugor, Penang

Freehold on the Gelugor waterfront.

Units face northwest or southeast, and the pools sit on the top two floors.

0 mNew launch, Penang
800 mPenang Waterfront Convention Centre
FromRM859,000 · Type A, 1+1

2+1 from RM1,240,900

New launch, PenangFaces NW · towards George TownFaces SE · towards Penang Bridge

The project at a glance

Units
596
Storeys
52
Layouts
1+1 & 2+1
Sq ft
700 & 947

A tower on the shore.

This project is a freehold waterfront tower on the Gelugor shore of Penang. The same waterfront holds The Waterfront Shoppes, for shops and dining, and the Lin Xiang Xiong Art Gallery, which stands over the water.

On the Gelugor shore.

The site faces the sea on one side and the Tun Dr Lim Chong Eu Expressway on the other. The expressway runs north to George Town and links to the Penang Bridge, which crosses to the mainland. The planned LRT Mutiara Line includes a Penang Waterfront station, S15.

Distances are approximate, measured on a map.

  • Penang Waterfront Convention CentreConventions, business events and concerts800 m
  • Lotus's E-GateBy road. Hypermarket for the weekly shop5.9 km
  • George Town city centreBy road. Penang's capital, at KOMTAR10.3 km
  • Penang International AirportBy road. In Bayan Lepas11.5 km
  • Kek Lok Si TempleBy road. In Air Itam12.8 km
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Three types, two sizes.

Type A is an approximately 700 sq ft 1+1. Types B and C are both approximately 947 sq ft 2+1 layouts. They arrange the rooms differently and sit in different spots on the floor. Each type comes in versions with a balcony and versions without one.

Type A

Type A

Suits a first home, or an investor who wants the lowest entry price in the tower.

From RM859,000

Built-up
700 sq ft
Layout
1+1 rooms, 2 bathrooms
Units
275
Car park
1 tandem bay or 2 single bays
Get the Type A floor plans

Inside Types B and C.

Both 2+1 types are approximately 947 sq ft, with a living and dining area, two bedrooms, an extra room and two bathrooms.

Type B living and dining
Type B bedroom
Type C living and dining
Type C bedroom

Facilities on Levels 9, 51 and 52.

Level 1: drop-off and lobby lounge. Level 9: multipurpose functional hall, half basketball court, gym, study lounge, kids' playground, landscape area, BBQ area and urban farm. Levels 51 and 52: sky lounge, games room, sky pool, wading pool, jacuzzi, sky deck and a shallow pool with seating.

EXSIM Group

EXSIM Group began in the timber business and later branched out into property development. Its first project was Nouvelle Industrial Park in Kota Damansara, an industrial development. In Penang, its projects include 22 Macalisterz in George Town.

The group is a four-time world winner of the FIABCI World Prix d'Excellence Awards and an eight-time winner of the Malaysia Property Award by FIABCI-Malaysia. All its high-rise developments are certified under GBI or GreenRE.

2008Into property development
37Developments completed and delivered
19,250Units delivered
16Gold GreenRE certifications

Questions buyers ask

Which units come with a balcony?

Versions A1, B1 and C1 have a balcony, and versions A2, B2 and C2 do not. The size stays the same either way. Pick the version on the floor plan first, then choose your unit.

Is there space for two cars?

Every unit comes with parking for two cars. Types B and C come with 2 single bays. Type A comes with 2 single bays or 1 tandem bay, which fits two cars, one behind the other. The car park runs from Level B to Level 8.

Type B and Type C are the same size, so how are they different?

Both are approximately 947 sq ft 2+1 layouts with two bathrooms. Their rooms are arranged differently, and they sit in different spots on the floor. Type B starts at RM1,240,900 while Type C starts at RM1,243,900. Compare the two floor plans, then pick the one you prefer.

Which way do the units face?

Each unit faces either northwest, towards George Town, Bukit Dumbar and Jelutong, or southeast, towards the Penang Bridge and the mainland. Decide which view you want before you choose a unit.

Will the LRT Mutiara Line have a station at the Penang Waterfront?

Penang Waterfront, S15, and Gelugor, S14, are both stations on the planned LRT Mutiara Line. The line's planned stations also include KOMTAR, S20, and Penang International Airport, S03.

What is the price range for this project?

Type A, the approximately 700 sq ft 1+1 at this Gelugor project, runs from RM859,000 to RM1,032,300. Types B and C, both approximately 947 sq ft 2+1 layouts, run from RM1,240,900 to RM1,417,200.

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Where is this project?

The project is on the Gelugor waterfront in Penang, beside the Tun Dr Lim Chong Eu Expressway. The Penang Waterfront Convention Centre is an approximately 800 m walk away, and George Town city centre is approximately 10.3 km by road.

Is this project freehold or leasehold?

Units at this project are freehold, so the ownership has no lease that runs out. The developer has yet to announce the land title and the property type.

Who is the developer of this project?

The developer of this Gelugor project is EXSIM Group, which branched out from timber into property development in 2008. The group lists 37 developments completed and delivered, with 19,250 units handed over.

How many units does this project have, and what sizes?

All 596 units sit between Level 9 and Level 49 of the project's 52 storeys. There are 275 Type A units of approximately 700 sq ft, plus 200 Type B and 121 Type C units, both of approximately 947 sq ft.

When is this project completed, and how are units delivered?

The developer has yet to announce the completion date and the handover condition for this Gelugor project.

Is this project a good investment?

The project is sold as freehold units of 700 and 947 sq ft, from RM859,000. Fully furnished 2-bedroom units at two completed seafront condos in Gelugor were listed for rent at about RM2.50 to RM3.90 per sq ft a month (iProperty.com.my, checked 7 October 2026). It suits an investor or a buyer for own stay.

See the full price list.

We send the price list and the floor plans for all three types on WhatsApp.