Mezzo Penang @ The Light City
Mezzo Penang @ The Light for sale & for rent
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 Mezzo Penang @ The Light.
Table of Contents
Mezzo Penang @ The Light City LOCATION
- 6km to Penang Lotus E-gate (formerly known as Tesco)
- 1km to Penang Bridge
- 5km to Georgetown
- 7km to Penang Ferry Terminal / Penang Hill
- 8km to Bayan Lepas Free Industrial Zone FIZ
- 9km to Gurney Drive / Botanical Gardens
- 11km to Penang International Airport
Who is the developer? – IJM Land
Mezzo Penang @ The Light City, the first residential project at phase 2 of The Light City. In addition, this is a large-scale 32.76 acre with integrated mixed-use waterfront development by IJM Perennial Development at the Light City, Gelugor, Penang.
Mezzo Penang @ The Light City is strategically located next to The Light Collection with a mere minutes drive from Penang Bridge & George Town. Furthermore, this residential project comes with two 34-storey residential towers and offering 456 sea view condominium units with 2 main built-up sizes 1,033 square foot and 1,292 square foot.
Key Features / Summary of Mezzo Penang @ The Light
More About Mezzo Penang @ The Light City
Mezzo Penang @ The Light City, the latest phase (2021) of The Light Waterfront Penang will be another flagship component of The Light City at Gelugor, Penang.
The Light City will complete with a dynamic mix of commercial and residential components which consist of retail mall, hotels, an office tower, luxurious high-rise residences and a convention centre.
The Light City is therefore expected to emerge as one of Penang’s most prominent waterfront destinations for world-class shopping, hospitality, business, lifestyle, events and etc.
Mezzo Penang Facilities & Floorplan
- Swimming Pool
- Wading Pool
- Aqua Gym
- Yoga Pavilion
- Steam Room
- Children’s Play Area
- Landscape Garden
- BBQ Pit
- Community Hall
- Games Room
- Reading Room
- Fitness Station
- Function Room
Mezzo Penang @ The Light City features 2 towers of aesthetically designed seafront condominiums optimally positioned to maximize views of the stunning Penang Straits at the same time ensuring privacy for every unit. As a key component of The Light City, Mezzo residents also enjoy unprecedented access to the project’s other components as well as its surrounding amenities.
Like Cycling / Jogging ? No problem
Besides the existing lane of the Light for cycling and jogging lane, phase 3 of development will be 7 acres of seafront park.
To be honest, I like the environment here compared to Quayside @ Tanjung Tokong by E&O.
(If you talk about Gurney side, to be honest I don’t know what’s the feeling to be like jogging or cycling there but definitely I will choose the Light over Quayside-personal preferences)
(feel free to drop a healthy discussion at the comment box at the bottom of the page, tell us you like Gurney, Tanjung Tokong or The Light @ Gelugor.)
Mezzo Penang @ The Light layout
Type A @ 1,033 sq ft
Type B @ 1,292 Sq Ft
1 Utility Room
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Mezzo Penang @ The Light for sale
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1,292 sq ftType B
1 Utility Room
FREE S&P Legal Fees
FREE Loan Legal Fees
RM 4,310 @ 35 years
RM 4,720 @ 30 years
RM 5,320 @ 25 years
RM 6,220 @ 20 years
#Assume Interest rate @ 3%
1,033 sq ftType A
FREE S&P Legal Fees
FREE Loan Legal Fees
RM 3,150 @ 35 years
RM 3,450 @ 30 years
RM 3,880 @ 25 years
RM 4,550 @ 20 years
#Assume Interest rate @ 3%
Mezzo Penang @ The Light Review
Our Analysis / Opinion
Firstly, it depends on personal preferences, if you prefer quiet place, fresh air, you should go for the Light Collection series. In short, means to say, good side of Mezzo? Next to shopping mall ; bad side of Mezzo? Also next to shopping mall.
For me, I pretty much like the concept living next to a shopping mall that is just within walking distance (more entertainment)
Some people would just say crowded, traffic jam (traffic congestion). Hello……. can you tell me which part of Penang not congested? Even Balik Pulau also now i heard congested. But of course not recent 2 years due to Covid-19 lockdown.
However, gotta admit that I missed the old days during lockdown, travel from place to place without traffic congestion. Damn, miss the days. (don’t get it wrong, I miss the lockdown but I don’t miss Covid-19)
The reason I’m not giving 5 stars is I don’t want people come back and “Bomb” or bite me, said u rated 5 stars and after I buy it, the value doesn’t increase. (“Yalo , economy not ok ma”, SOUNDS FAMILIAR FROM THOSE OVER-PROMISING AGENT?)
If you’re going for a “FLIP” strategy (buy and sell after you get vacant possession / keys) , I would say the market doesn’t act like last decade anymore. During the past decades, literally what you buy will always go up. Now? No longer that way.
In another words, you can easily earn a capital gain for the past decades after the building is completed. So, if your property investment strategy is buy and flip, then you should go to sub-sale/ secondary market or auction market now.
For long term investment, yes you can consider Mezzo because it’s only 456 units. Finish the reading and you’ll know why.
If you’ve already owned a few properties, you should know that the current Return on Investment (ROI) in terms of rental is just 2% to 3% annually. Meanings? Buy RM1 million property but rental rate is RM 2,000+ per month. If you don’t know the current ROI for rental rate, well, you do now. (Well, at least better than FD….hahaha…)
How about ROI for capital gain? I’m glad to tell you, I don’t know. Because I don’t do over-promising. When I heard other agents selling other Seafront projects, said you can easily secure the rental rate at RM 3,000 and above, I really laughed so hard.
Just so you know, some seafront projects now renting at RM 2,000+ with fully furnished……. if you’re the owners of those property, you get what I mean.
But again for the long term, I do believe that Mezzo and the Light Collection series will prove its value when the economy is recovering and the Convention Centre and Mall is ready. Just need some patience
As I mentioned at previous section, existing rental rate of the Light Collection of about the same size is RM 2,000 to RM 3,000.
Furthermore, as at 20/7/2021 I had an agent told me there’s a fully furnished unit at the Light Collection 1 for rent @ RM 2,300.
However, please do not misunderstand or twist my word, I’m showing this to let you aware of the worst case scenario, as I said, I don’t over-promise, if you’re ok for the rental rate of RM 2,000, feel free to proceed for the investment.
If you have extra cash don’t mind to leave it vacant/ empty, or refuse to rent @ lower rate to spoil your unit, for sure you can leave it vacant. I have plenty of owners leave their unit vacant as well.
For instance, take the cheapest unit of Mezzo around RM 800k, monthly installment around RM 3,000 @ 3% interest rate, 35 years. Meanings? if rental rate at RM 2,000, you can accept or your financial status is allowable with a cash outflow of (RM 1,000)
I would say direct competitor would be Waterside Residence, because just next to Mezzo.
Waterside Residence is having 256 units in total while Mezzo 456 units in total. Currently selling price of Waterside Residence as at 21/7/2021 around RM 9xxK – RM 1.4m +/-.
So, want to sell faster after taking the vacant possession / keys? Of course you have to match the prices or lower than Waterside Residence.
Wanna sell for profit ? Be patience lah. Not that easy but not that hard too because it’s not that high density until 1,000+ units when potential purchaser appear you have to fight prices with other owners.
Good part ? Mezzo is blocking Waterside Residence, but not completely blocking the view. Tower A of Waterside Residence i.e. the tallest tower should be least affected by Mezzo.
Estimate completion on 2024- 2025, newer than Waterside Residences and I would say slight advantage compare to Waterside Residence
- Reclaimed land ah? Aiyo Feng Shui cannot la.
- If cannot accept then let me know lo I have other projects not reclaimed land. Quayside @ Tanjung Tokong, Queensbay Mall, E-gate there all reclaimed for your information. Developers still want reclaim at these area, you tell me, if no demand why developer build. Sohai meh = =.
- What if Tsunami comes ?
- Logical part?
- IJM is building the Convention Centre, Mall and office tower there, if you ask me foundation strong or not, will collapse or not? My answer is if collapse, what do you think gonna happen to IJM ? (I have no idea and I can’t answer that)
- Overall, I like the environment right now regardless Mezzo or the Light Collection but it could have some traffic there once the Mall and Convention Centre complete.
There’s good and bad side of every development, human beings not even perfect, so don’t think too much. Let me know what’s your thought and I propose you some potential options.
Mezzo will block some view of Waterside Residence
The same things come around, the Convention Centre, Mall and office tower will block some view of Mezzo.
So if view is not important for you, just ignore it because beautiful view also comes with beautiful prices.
99.99% of my clients are happy !
Let’s arrange for a visit to SMezzo
Interested with any of the project you saw here in our website ? Just click on the “Message” / “WhatsApp” button and let us know.
We’ll send you detailed info & invite you to the showroom / sales gallery / actual site.
You can also reach us at +6018-466 8066
We’ll assist you throughout the process, if you’re happy, just pick up a unit, we have ready bankers & lawyers to assist your loan application & sales & purchase process.
However, if you think our proposal is not able to suit your criteria, do feel free to let us know please don’t say “I’ll consider and come back to you”. We know you wont come back so just let us know so we can help you with our best. Again, we promise, no hard-selling.
Voilà, congratulations, u can sign relevant documents now if everything approves / goes well. Sit back and relax to wait for your keys / vacant possession.
What if loan rejected ? No worry, fully refundable for your booking fees. We’ll let you what could be the potential reason your loan is rejected, and then we start from there to build your profile again ! (Don’t be disappointed, it happens to some of our clients sometimes)
Frequently Asked Questions (FAQs) about Mezzo Penang @ The Light City
Mezzo Related Questions:
As state above, Mezzo will be completed around 2024 – 2025
Certain levels and units of Mezzo will be blocked by the future convention centre and part of the Light Collection series.
Mezzo’s sales packages come with free legal fee for loan and sales and purchase agreement (S&P)
Qualify for Home Ownership Campaign (HOC) 2020-2021 to waive & save stamp duty for loan & stamp duty for Memorandum of Transfer (MOT)
IJM does not offer any furnishing or renovation package for Mezzo.
The prices listed here are all after the so called rebate / discount or whatever you name it.
Rest assured, the price are transparent and will be the same no matter which agency or developer selling.
You might be thinking well then why should I buy from you since it’s the same with developer? Well, good thing is we are real estate negotiator, if you’re an investor, I’m here for you after the completion for your rental / letting services and you can definitely rely on us to secure a tenant or even some extra benefits.
Benefits like what ? Well, talk to us and you’ll know.
Yes you can. However, if it is a new project / under-constructions / developer’s unit , developers are giving free legal fees ya.
Developers would be happy if you help them save cost
Yes you can. As long as I’m awake I will answer your call & reply your message.
Rest assured. We are here to help & provide solution. We promise no hard selling or pushing. Tell us what’s in your mind and we’ll try our best to help
Yes you can. Please contact us via 011-1098 4066 to visit and get more information!
Yes you can, please don’t hesitate to contact us for more details.
Can i take loan with local banks? Yes you can but there’s certain criteria you have to fulfill in order to apply loan from the local banks. Talk to us and we’ll help you with our best.
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About My Property Deals - Scott Seow
Real Estate Negotiator (on the way to Real Estate Agent)
I'm an detailed & transparent person, what I know will definitely be what you know. No body likes hidden fact when it comes to decision-making.
Therefore, I'm dedicated to serve your needs & assist you throughout your property hunting journey with 100% guaranteed no misleading and hiding of info.
FYI, I type "C" person if you know what is the DISC personality test.
Mezzo Penang @ The Light City's update
Construction stage @ July 2021
Piling for the mall & convention centre is completed
Piling stage for Mezzo’s turn