Queens Residences Q3 @ Queens Waterfront, Bayan Lepas: Freehold Seafront Condominium

Queens Residences Q3 is the third phase of the Queens Residences development within the larger Queens Waterfront master plan in Bayan Lepas, Penang. Developed by Ideal Property Group, the freehold condominium is positioned on reclaimed seafront land directly opposite Queensbay Mall, combining waterfront views with access to one of Penang Island’s major commercial and employment hubs. Q3 comprises 532 residential units in a 25-storey tower, with built-up areas ranging from 950 sq ft to 1,400 sq ft. The project is currently under construction, with completion targeted for the fourth quarter of 2027.

Location & connectivity

Located along Persiaran Bayan Indah, Queens Residences Q3 benefits from a strategic position within the established Bayan Lepas corridor. Queensbay Mall is directly opposite the development, while the Tun Dr Lim Chong Eu Expressway provides connectivity towards George Town and the Bayan Lepas industrial corridor. Penang Bridge is approximately 3km away, while the Second Penang Bridge is around 8km away. The Sungai Nibong Bus Terminal is about 1.4km away and Penang International Airport is approximately 9km from the project.

The location is particularly relevant for residents working in Bayan Lepas’ Free Industrial Zone, while access towards George Town and other parts of the island makes the development suitable for both owner-occupiers and investors.

Nearby amenities

Healthcare

• Pantai Hospital Penang – approximately 3.5km
• Evercare Medical Care Centre – within the wider Bayan Lepas area
• Evercare Medical Care Centre (Formerly H Medical Centre) – Bayan Lepas

Education

• Fairview International School, Penang Campus – Bukit Jambul
• Straits International School Penang
• SJK(C) Kwang Hwa
• SJK(C) Chong Cheng
• Universiti Sains Malaysia (USM)

Retail

• Queensbay Mall – directly opposite / within walking distance
• Queens Waterfront Shoppes
• Summerton Shoppes
• Bukit Jambul Complex
• Sunshine Square
• SPICE and its surrounding commercial amenities

Project details

• Developer Ideal Property Group
• Land size Approximately 2.9 acres
• Total units 532 units (a 25 storeys condominium)
• Unit sizes 950 – 1,400 sq ft
• Tenure Freehold
• Target completion 2027

Key project highlights

One of the main attractions of Queens Residences Q3 is its seafront positioning, with views towards the Penang Strait and Pulau Jerejak. Larger units are positioned to capture broader waterfront and Penang Bridge views. The project also adopts a resort-inspired concept, with its facilities organised into dedicated lifestyle zones.

Another notable feature is the integration of commercial spaces within the development, allowing residents to enjoy dining and lifestyle conveniences close to home. The project also incorporates separate commercial and residential access together with a three-tier security system.

Facilities

Queens Residences Q3 offers a broad range of resort-style facilities divided into the OLA, TIERRA and ACTIVA zones. The OLA Zone focuses on water-based recreation and includes a tranquil infinity pool, Jacuzzi Aqua Cove, sunken seating, Balearic Pavilion, feature pool bar, sea-view sunbed area, wading pool and pool deck.

The TIERRA Zone is more focused on wellness, social activities and indoor recreation, featuring a Wellness Club, Flamenco Dance & Yoga Studio, Soiree Room, sound studio, BBQ seating, Kids’ Playpen, sports lounge, interactive games room, DIY workshop, co-working lounge, residence lounge and function facilities.

The ACTIVA Zone caters more towards families and outdoor activities, with a Family Lounge, Kids Playtopia Park, outdoor sand play area, Chill Out Pavilion and BBQ Garden Pavilion.

Build & spec

Q3 is planned as a 25-storey freehold residential development comprising 532 units, with residential units located above the podium levels. The project combines contemporary condominium planning with a resort-style common area and waterfront-oriented design.

Unit sizes range from 950 sq ft to 1,400 sq ft, providing options from more compact layouts to larger three-bedroom homes. Type A is particularly distinctive as a dual-key concept, while the larger layouts are aimed more towards families seeking additional living space.

A three-tier security system and separate access arrangements for the residential and commercial components further support the project's positioning as a lifestyle-focused urban residence.

Pricing & availability

Current asking prices indicate that Queens Residences Q3 is generally positioned from around RM890,000, with the broader available asking range extending to approximately RM2 million, depending on unit size, floor, orientation and view. Current listings show asking prices ranging from roughly RM937 to RM1,560 psf. These are asking prices rather than confirmed transaction prices, so buyers should verify the latest developer package, rebates and available units before making a purchase decision.

Layouts

• Type A – 950 sq ft: Dual-key concept, 2 bedrooms + study, 2 bathrooms
• Type B – 1,000 sq ft: 3 bedrooms, 2 bathrooms
• Type B1 – 1,000 sq ft: 3 bedrooms, 2 bathrooms
• Type C – 1,280 sq ft: 3 bedrooms, 2 bathrooms
• Type D – 1,400 sq ft: 3 bedrooms, 2 bathrooms

The combination of dual-key and conventional three-bedroom layouts gives Q3 a relatively broad appeal. The smaller Type A can be considered by buyers looking for flexibility between own-stay and rental use, while the 1,280 sq ft and 1,400 sq ft layouts are better suited to families seeking more generous living areas.

Market positioning

Queens Residences Q3 sits within the upper-mid to premium segment of Bayan Lepas’ condominium market, with its freehold tenure, seafront setting, proximity to Queensbay Mall and resort-style facilities forming its main differentiators. It also benefits from being part of the established Queens Waterfront master plan rather than being an isolated residential project.

The development is particularly positioned towards buyers who value lifestyle and waterfront views but still require convenient access to employment centres, retail facilities and major transport routes. Its 532-unit scale provides a balance between a sizeable residential community and the more exclusive positioning associated with a seafront development.

Market insights

From an investment perspective, Q3 benefits from several characteristics that support long-term demand: its location within the established Bayan Lepas employment corridor, proximity to Queensbay Mall, accessibility to the Penang Bridge and airport, and freehold tenure. The presence of the Bayan Lepas industrial and commercial ecosystem provides a substantial underlying tenant pool, particularly among professionals working within the southern Penang employment belt.

The main consideration is entry pricing. Current asking prices can already exceed RM1,000 psf for some units, meaning buyers should assess the actual purchase price against unit orientation, floor level and view rather than relying solely on the project's waterfront branding. The development's investment case is therefore stronger for buyers taking a longer-term view of Bayan Lepas and Queens Waterfront's wider transformation.

Lifestyle & community

Q3 is designed around a waterfront resort lifestyle, with extensive facilities covering swimming, wellness, fitness, recreation, family activities, social gatherings and co-working. This creates a more community-oriented environment than a basic condominium development.

Its location opposite Queensbay Mall further strengthens the lifestyle proposition. Residents have access to shopping, dining, entertainment and everyday conveniences within a short distance, while the waterfront setting provides a more relaxed residential environment away from the intensity of the main commercial areas.

Conclusion

Queens Residences Q3 stands out as a freehold seafront condominium that combines waterfront living with the practical advantages of Bayan Lepas. Its 532 units, five layout options, extensive resort-style facilities and direct proximity to Queensbay Mall make it appealing to both owner-occupiers and investors seeking a premium residential address in southern Penang.

For own-stay buyers, the larger layouts and extensive family facilities provide a strong lifestyle proposition. For investors, the project's proximity to the Bayan Lepas employment corridor and established retail amenities offers a potential rental-demand base. However, with current asking prices already reaching premium levels, careful unit selection and price assessment will be important in determining the project's long-term investment value.