Lightwater Residences suits luxury upsizers who want a low-density waterfront condo in The Light City, Gelugor, from RM2,055,000. It is a weaker fit for buyers under RM2 million and for anyone who wants low running costs.
The project is by IJM Land, with 262 units in two 34-level towers on 2.87 acres, five per floor. Layouts run from 1,152 to 1,690 sq ft. Completion is planned for 2029.
By Chan Wei Chao, REN 39846, IQI Realty Sdn. Bhd. Updated 12 November 2026. Prices are developer prices.
Lightwater Residences pros
- Five units per floor. Five passenger lifts per tower serve five homes per floor.
- Five-tier security. Each unit also gets two to four car parks and a private locker.
- Seafront address. Beside the Penang Waterfront Convention Centre, with Penang Bridge views.
- Residential title. Lightwater is on residential title with a 3 m ceiling. Pinnacle Bukit Gambier is on commercial title.
Lightwater Residences cons
- Highest entry price in Gelugor. RM2,055,000, against RM864,500 or less to start at the other four Gelugor projects we track.
- Running cost. The maintenance fee is RM0.53 psf plus a 10% sinking fund, about RM672 a month for 1,152 sq ft.
- Wait until 2029. Completion is planned for 2029.
- Penthouses not final. Penthouse details are still to be finalised.
Which unit should you choose?
Type A at RM2,055,000 gives 2 bedrooms + study in 1,152 sq ft. Type B at RM2,642,000 has three bedrooms in 1,410 sq ft. Type B1/B2 is RM2,935,000 for about 1,561 to 1,572 sq ft. Type C at RM3,154,000 is the largest, 1,690 sq ft with 3 bedrooms + study and four bathrooms.
Summary
Lightwater Residences fits buyers who want privacy and a waterfront setting and are comfortable with premium running costs. See Lightwater Residences prices and floor plans, or compare it side by side with The Lighthauz and Pinnacle Bukit Gambier.
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