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Ideal Venice Residency, Gelugor Insights

Developer:Ideal Property Group
Architect:
Main Contractor:
Land Size (sqm):
GFA (sqm):
Plot Ratio (Incl. Bonus):
Project Name:Ideal Venice Residency
Street Name:Lorong Lembah 1
Postal Code:11700
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District/Planning Area:Gelugor
Completion:N/A
Number of Landed Units:0 units
Number of Non Landed Units:0 units
Sold Price Range/Average*:RM 0 psf - RM 0 psf / RM 0 psf
Leased Rental Range/Average**:
Implied rental yield**:0%
Historical High:RM 0 psf in Apr 2025 for a 0-sqft unit
Indicative Average Price from Historical High:%
Historical Low:RM 0 psf in Apr 2025 for a 0-sqft unit
Buyer Profile by Residential Status:
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*Based on transactions in the last 48 months.
**Based on asking rental data in the last 12 months. May not be representative.

About This Project

Ideal Venice Residency, the second phase of PR1MA affordable housing development by Ideal Property Group at Island Glades. Strategically located near the intersection of Jalan Bukit Gambir and Jalan Lembah, next to Ideal Residency. It’s just a stone’s throw away from University Science Malaysia (USM), about 5 minutes drive to Penang Bridge.

This development comprises two blocks 46-storey residential towers, featuring 1,632 affordable housing units with six levels of car parking podiums and two levels of facilities. They are two different layout types with a standard built-up size of 850 sq.ft. Indicative price starts from RM300,000 onwards.

Sales Transaction of Ideal Venice Residency

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Price Comparison with Nearby Properties (UP to 50)

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