The Light Collection IV, Gelugor Insights

Developer	:Jelutong Development Sdn Bhd (a subsidiary of IJM Land Bhd)
Architect	:
Main Contractor	:
Land Size (sqm)	:
GFA (sqm)	:
Plot Ratio (Incl. Bonus)	:
Project Name	:The Light Collection IV
Street Name	:Suite 16-01, Menara IJM Land, 1 Lebuh Tunku Kudin 3, 11700, Penang
Postal Code	:11700
Property Type	:Condominium/Apartment,Detached House
Tenure	:
District/Planning Area	:Gelugor
Completion	:N/A
Number of Landed Units	:19 units
Number of Non Landed Units	:79 units
Sold Price Range/Average*	:RM 752 psf - RM 986 psf / RM 966 psf
Leased Rental Range/Average**	:
Implied rental yield**	:3.05%
Historical High	:RM 980 psf in Sep 2021 for a 2,551-sqft unit
Indicative Average Price from Historical High	:%
Historical Low	:RM 551 psf in Aug 2022 for a 2,540-sqft unit
Buyer Profile by Residential Status	:
Buyer Profile by Purchaser Address	:

*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

**##Review##** The Light Collection IV is the final phase of The Light Collection Waterfront development on Penang Island. It comprises of three 6-storey luxury residential blocks housing 79 quayside condominiums and 19 water villas. These homes are designed with nautical concepts in mind. The built ups of these homes range between 1,991 sq. ft. and 7,147 sq. ft. with prices starting from RM1.6 million. The residents of this luxury and exclusive low-density development will be able to enjoy the waterfront facilities located on one of the residential blocks, N3. These facilities include a swimming pool, a wading pool, gym and several function rooms. Apart from being a gated and guarded development and abiding by the green building regulations (GBI certified), this development is also a pet-friendly development. The Light Collection IV has recently been completed in March 2017. **##Our Verdict##** Setting its appeal to the top 5% of the population, The Light Collection IV offers unprecedented views of the strait between Penang Island and the mainland. Its strategic location close to the Penang Bridge and along the Tun Dr Lim Chong Eu Expressway gives the grand and exclusive development a sight worthy of its name and price point while still providing the privacy and a safe environment for its residents.

Sales Transaction of The Light Collection IV

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Price Comparison with Nearby Properties (UP to 50)

Note: Excludes properties with no transactions in the past 4 years. *Prices and rentals are based on data in the past 4 years.

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Price Comparison with Nearby Properties

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Note: Excludes properties with no transactions in the past 4 years. *Prices and rentals are based on data in the past 4 years.

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