My Property Deals by Scott Seow

My Property Deals

Lucerne Residence – Ideal Property Group

lucerne residence facilities

Lucerne Residence

You’ll find: Video (coming soon), Layout, floor plan, facilities and details of this properties, including prices for sale & rent and most importantly our review for Lucerne Residence.

Table of Contents

Lucerne Residence LOCATION

Bayan Lepas new project 2022

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Who is the developer? – Ideal Property Group

Ideal Property Group

Lucerne Residences, a new project in Ideal Vision Park by Ideal Property Group in Bayan Lepas, Penang launched in year 2022. It is located along Jalan Tun Dr. Awang, adjacent to The Amarene condominium. It is just a short drive to Penang International Airport and Straits International School.

Property Type

Residential condominium

Tenure

Lucerne Residence at Ideal Vision Park, Sungai Ara, Penang by Ideal Property Group is a FREEHOLD property

Developer

Ideal Property Group

Maintenance Fees of Lucerne Residence

TBU

Built up / Size

2 main size from 1,100 sq ft to 1,200 sq ft

Date of completion

estimated 2026-2027

Total Units

Total 2 towers
Total level: 38
Total Unit: 480

This upcoming development will see two blocks of 36-storey condominium featuring a European living concept. It will offer 480 residential units with a 5-storey parking podium. The layout / size of Lucerne Residence consist of built-up size from 1,100 sqft & 1,200 sq ft., with an indicative selling price of RM663,000 onwards. There will also be 87 units of shop offices.

Lucerne Residence Facilities

lucern residence facilities floor plan
lucerne residences bayan lepas

Lucerne Residence Floor plan

lucern residence floor plan

Lucerne Residence layout

lucerne layout plan

Type B 1,100 square feet

3+1 bedrooms

RM 660k onward

lucerne residence layout

Type A @ 1,200 Sq Ft

3 bedrooms

Dual Key Concept 

approx. RM 720k onwards

Lucerne Residence unit for sale

Type B

1,100 sq ft
RM 660,000+
  • 3+1 Bedrooms
  • 2 Bathrooms
  • Balcony
  • FREE S&P Legal Fees
  • FREE Loan Legal Fees
Popular

Type A

1,200 sq ft
RM 720,000+
  • 3 Bedrooms
  • 2 Bathrooms
  • Dual Key Concept
  • Balcony
  • FREE S&P Legal Fees
  • FREE Loan Legal Fees

Get e-Brochure for Lucerne Residence

Lucerne Residence Review

Our Analysis / Opinion

Lucerne Residence is a good location if you’re already get used to Bayan Lepas or you’re working at Bayan Lepas area. Plenty of amenities are around. Of course Bayan Lepas is still quite cheap compared to other area of Penang Island.

Quality wise based on past project of developer I would say average. Ideal is really good in spending money to create facilities & landscape that is widely acceptable which is not so good and not so bad. (I can’t say luxury quality nor low quality, if you get what I mean) 

A big no if you’re planning to buy and flip here in Sungai Ara. This area no longer suitable for buy and flip strategy, not at least within these 3 to 5 years. (Personal estimation)

Not saying this is a bad project, it is not suitable if you plan to buy and flip upon VP.

Rental return in terms of ROI would be just around 2% +/- based on comparison to surrounding condominium as at June 2022. (kinda low, yes i know)

Since the ROI in terms of rental is about 2% +/- , you do the math and you’ll know if this is a great location if you 

I have to say it is getting harder and harder to own a property now due to inflation. No doubt Malaysia Boleh which is a fact that we already know. So please don’t complain why so expensive bla bla bla unless end of the world otherwise new project is almost impossible getting cheaper and cheaper.

Overall my conclusion for this project is that if you’re looking only for a brand new house at Bayan Lepas and your budget is 600k to 700k, this is it, not much choices for you.

Showroom photo

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Scott Seow

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