PROJECT DETAILS
Maldives Residences at a glance
Maldives Residences is a condominium project in Ideal Vision Park, Bayan Lepas, Penang. The published tenure is freehold, with 850–930 sq ft and 3 bedrooms, 2 bathrooms; selected dual-key configuration. The indicative starting SPA price is RM 470,000; current packages and available units need confirmation. The published completion reference is Expected Q2 2027. Maldives Residences is a freehold condominium at Ideal Vision Park, Bayan Lepas, with four towers and 1,665 homes. Compare the exact site, usable layout, total purchase cost and monthly commitment before deciding. Ask for layout details, maintenance charges and management rules, and confirm the delivery terms for your selected property.
- Entry priceFrom RM 470,000
- TenureFreehold
- Published sizes850–930 sq ft
- CompletionExpected Q2 2027
- Matched entry PSF≈ RM505.376/sq ft · reference
- Parking entitlementTo enlighten
- Maintenance feeTo enlighten
Developer, scale and bedrooms
- Developer
- Solaris Prestasi Sdn Bhd / Ideal Property Group
- Total homes / units
- 1,665
- Bedrooms / layouts
- 3 bedrooms, 2 bathrooms; selected dual-key configuration
Disclaimer: Gross price for reference purpose only. Consult us for the applicable promotional package.
LAYOUT & PRICE
Unit layout and indicative price summary
Use this summary to shortlist a configuration, then request the latest layouts and price information.
Start with the published 850–930 sq ft and 3 bedrooms, 2 bathrooms; selected dual-key configuration. Compare each plan’s usable space, access, orientation and furniture placement. Use the layout-specific price below where available; the lowest project entry price may apply to a different configuration.
| Unit type | Size | Bedrooms | Indicative SPA price |
|---|---|---|---|
| Type A1 — State unit (1 CP) | 900 sq ft | 3 bedrooms | RM 428,000 |
| Type B — Dual-key unit | 930 sq ft | 3 bedrooms / dual-key | RM 470,000–RM550,000 |
| Type C — Public unit | 928 sq ft | 3 bedrooms | RM 550,000 |
Disclaimer: Gross price for reference purpose only. Consult us for the applicable promotional package.
Type A1 — 900 sq ft
Indicative price from RM 428,000
Type B — 930 sq ft
Indicative price from RM 470,000–RM550,000
Type C — 928 sq ft
Indicative price from RM 550,000
Tower layout
REGISTER YOUR INTEREST
Interested in Maldives Residences?
Choose a layout and tell Willy what you’d like to know. We’ll help you take the next step.
COMPARE THREE PROJECTS · OR FIVE
Compare 3 or 5 Penang projects
Choose a three-project or five-project comparison, then select the other developments you want to review.
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PROPIN TAKE
Why could Maldives Residences deserve a place on your shortlist?
What stands out
Maldives Residences is a freehold condominium at Ideal Vision Park, Bayan Lepas, with four towers and 1,665 homes.
What we’d watch
Its listed reference points include Penang International Airport and Bayan Lepas Free Industrial Zone. Assess everyday routes to work, shops, schools and healthcare, alongside nearby anchor businesses and future supply. For rental use, consider the likely tenant profile and competing homes; amenity proximity alone does not establish occupancy intake.
Who we’d shortlist for
The published 850–930 sq ft provides a starting point for comparing layout choice and household fit. Shortlist it where the location and layout match the buyer’s daily priorities. Visit at different times to understand traffic and the surrounding environment.
Read the full assessment
These observations interpret the referenced project facts and surrounding location. They are desk-research opinions, not a claim of a site visit, measured occupancy or guaranteed returns.
PropIn editorial interpretation · Project reference 2026-09-25. Where these details come from ↓
More on buyer suitability
BUYER FIT
Is Maldives Residences suitable for you?
May suit you if:
- You want a home or investment property in Ideal Vision Park, Bayan Lepas.
- The published 3 bedrooms, 2 bathrooms; selected dual-key configuration and 850–930 sq ft fit your space needs.
- The freehold tenure and property format suit your priorities.
- The purchase price, maintenance and financing fit your budget.
Compare other projects if:
- You need a different location for your regular commute.
- You require a different layout or more usable internal space.
- You prefer another property category or tenure.
- Your budget or move-in date requires an alternative.
LOCATION
Where is Maldives Residences?
Maldives Residences is listed at Jalan Sungai Tiram 6, Bayan Lepas, Penang. Nearby reference points include Penang International Airport, Bayan Lepas Free Industrial Zone, Pantai Hospital Penang. Check the mapped reference, actual entrance and peak-hour route; nearby does not imply walking distance.
- AddressJalan Sungai Tiram 6, Bayan Lepas, Penang
- DistrictSouthwest Penang Island District (DBD)
- Near toPenang International Airport
- Near toBayan Lepas Free Industrial Zone
- Near toPantai Hospital Penang
Exact project-site coordinate supplied in the PropIn Project Reference workbook and applied on 2026-09-20. Driving times depend on traffic, route and the confirmed project entrance.
More on the project setting
WHY THIS PROJECT?
Why consider Maldives Residences?
Maldives Residences is a freehold condominium at Ideal Vision Park, Bayan Lepas, with four towers and 1,665 homes. The supplied Type A1, B and C plans have an 850 sq ft core plus an accessory area, giving approximately 900–930 sq ft in total. State, dual-key and public releases carry different indicative gross prices and conditions.
- Ideal Vision Park, Bayan Lepas locationMaldives Residences is in Ideal Vision Park, Bayan Lepas, Penang, near Penang International Airport and Bayan Lepas Free Industrial Zone.
- Property formatFreehold Condominium, with 1,665 homes or units.
- Layouts for comparison3 bedrooms, 2 bathrooms; selected dual-key configuration across published built-up sizes of 850–930 sq ft.
- Project highlightsResort-style swimming pools · Clubhouse and fitness facilities · Children’s and outdoor recreation areas
Check these features against your intended use, daily route, budget and the approved project documents.
Ask Willy about this project ↗Historical price context
PRICE CONTEXT
How should you assess the price of Maldives Residences?
The published entry reference is RM 470,000. Compare total price with the selected unit’s size, floor, condition, tenure and package. A smaller entry price does not establish better value; confirm the latest price information before comparing.
Maldives Residences
Ideal Vision Park, Bayan Lepas
- Indicative entry
- From RM 470,000
- Published sizes
- 850–930 sq ft
- Tenure
- Freehold
Goodwood Residences
Jalan Tun Dr Awang
- Indicative entry
- From RM 797,000
- Published sizes
- 1,075–1,250 sq ft main parcel
- Tenure
- Freehold
Valencia Residence
Jalan Bukit Belah, Teluk Kumbar
- Indicative entry
- From RM 1,391,300
- Published sizes
- 2,110–2,670 sq ft
- Tenure
- Freehold
Reference figures may come from different dates and unit releases. These are shortlist comparisons, not valuations. Match the price to its actual unit area before calculating price per square foot.
FACILITIES
Explore the shared spaces
Move through the facility cards with the arrows or dots. Select any card to enlarge it.
Browse nearby projects
NEARBY PROJECT COMPARISON
Compare with nearby projects
Compare projects within 5 km of Maldives Residences first, followed by relevant options in Southwest Penang Island District (DBD). Distances are straight-line estimates from the mapped project coordinates.
Convert price and area units
BUYER CONVERSION TOOL
View price and built-up in familiar units
Placed beside the layout and price decision point, this indicative tool converts Malaysian Ringgit and the published built-up size. Live exchange rates are requested when available.
Estimate a monthly loan payment
PROPERTY LOAN CALCULATOR
Estimate your monthly property loan
Adjust the property price, financing margin, interest rate and tenure to see an indicative repayment.
This is an illustrative estimate. Bank approval, effective rates, lock-in terms, mortgage insurance, legal fees and other costs may change the actual repayment.
Full buyer checks
THINGS TO CONSIDER
What should you check before choosing Maldives Residences?
Price and package
Confirm the current gross SPA price, package and availability.
Financing and costs
Test repayment at a higher rate and include legal fees, insurance, furnishing or fit-out, and ongoing charges.
Delivery and condition
The published completion reference is indicative. Confirm delivery obligations in the signed SPA.
Location and future supply
Check actual routes in Ideal Vision Park, Bayan Lepas, surrounding development and competing supply for your intended use.
Layout and maintenance
Check usable internal space, accessory parcels, service charges, sinking fund and management rules.
Rental and household fit
Assess your household needs and competing rental options; rental income and future resale values remain uncertain.
QUICK ANSWERS
Frequently asked questions about Maldives Residences, Penang
Direct answers based on the latest reviewed project information.
What is Maldives Residences in Penang?
Maldives Residences is a freehold condominium development in Ideal Vision Park, Bayan Lepas, Penang, by Solaris Prestasi Sdn Bhd / Ideal Property Group. Its condominium format can be compared through residential title, density, layout efficiency, facilities and maintenance.
Where exactly is Maldives Residences located?
Maldives Residences is located at Jalan Sungai Tiram 6, Bayan Lepas, Penang. Exact project-site coordinate supplied in the PropIn Project Reference workbook and applied on 2026-09-20.
What is the indicative price for Maldives Residences?
The current reference starts from RM 470,000. Indicative gross SPA prices: Type A1 state unit (900 sq ft, 1 car park) from RM428,000; Type B dual-key (930 sq ft) approximately RM470,000–RM550,000 depending on release; Type C public unit (928 sq ft) from RM550,000. State units have separate eligibility requirements.. Ask for the latest approved price list because availability and pricing can change.
What unit sizes and bedrooms are available at Maldives Residences?
Published information lists 3 bedrooms, 2 bathrooms; selected dual-key configuration across built-up sizes of 850–930 sq ft. Confirm the precise internal area and accessory parcels on the selected plan.
When will Maldives Residences be completed?
Expected Q2 2027. The signed SPA is the controlling document for the applicable delivery timeline.
What facilities does Maldives Residences provide?
Published highlights include Resort-style swimming pools, Clubhouse and fitness facilities, Children’s and outdoor recreation areas. Final facilities, specifications and operating rules should be checked against approved project documents.
What is distinctive about Maldives Residences for a Penang property shortlist?
Maldives Residences is a freehold condominium at Ideal Vision Park, Bayan Lepas, with four towers and 1,665 homes. The supplied Type A1, B and C plans have an 850 sq ft core plus an accessory area, giving approximately 900–930 sq ft in total. State, dual-key and public releases carry different indicative gross prices and conditions. Its condominium format can be compared through residential title, density, layout efficiency, facilities and maintenance.
Which district is Maldives Residences in?
Maldives Residences is grouped under Southwest Penang Island District (DBD), around Ideal Vision Park, Bayan Lepas. Nearby reference points include Penang International Airport, Bayan Lepas Free Industrial Zone, Pantai Hospital Penang.
How can I compare Maldives Residences with other Penang new launches?
Compare the actual location, tenure, built-up size, bedroom configuration, indicative SPA price and completion timing. Select two other projects below and send the comparison list to Willy Saw, REN 30641.
Who is Maldives Residences best suited for?
Buyers comparing condominium property in Ideal Vision Park, Bayan Lepas whose space needs, tenure preference, budget and timeline fit the published facts. Review the buyer-fit section and selected plan before deciding.
How much is the monthly instalment for Maldives Residences?
Use the loan calculator on this page with the selected property price, financing margin, interest rate and tenure. It produces an illustrative monthly repayment; bank approval and other purchase costs require confirmation.
Is the published size at Maldives Residences suitable for my needs?
The published size reference is 850–930 sq ft. Check dimensions, usable internal space, circulation and furniture and household requirements on the published layout; area alone does not establish suitability.
Prefer to send a written enquiry?
PROJECT REGISTRATION
Request current information for Maldives Residences
Send your contact details and questions to Willy Saw. Your enquiry will be sent securely to PropIn.
Where these details come from
WHERE THESE DETAILS COME FROM
Reviewed project information
Research method and author
PropIn brings together project references and editorial comparisons. Contact: Willy Saw, REN 30641, IQI Realty / Bricksmen. Check current registration ↗. Profile details are supplied by Willy; desk research is distinguished from dated site observations.
- Project reference
- Source date: 2026-09-25. Current price and availability require confirmation.
- Parking entitlement
- To enlighten
- Maintenance fee
- To enlighten
- APDL / HDA
- Pending clarification — to enlighten through Willy
A developer licence and advertising and sales permit are separate records. Match the developer and project phase using KPKT / TEDUH ↗. Commercial title alone does not establish HDA applicability. Recorded research is not a guarantee of current permit validity, short-stay permission or investment returns. KPKT legislation reference ↗.
Project reference reviewed 2026-09-25. Comparison research checked 2026-10-07. A source review is not a current available-unit quotation or a whole-project verification.
APDL status: Pending verification
Maldives Residences: reference typology Condominium; developer Solaris Prestasi Sdn Bhd / Ideal Property Group. Housing/accommodation component: matching current licence, permit, phase and validity not independently established. Commercial land title alone does not exempt housing. Identity source: https://www.idealproperty.com.my/project/maldives-residences/. Legal reference: https://ehome.kpkt.gov.my/index.php/pages/view/29?mid=148 | https://www.kpkt.gov.my/index.php/pages/view/88 | Register: https://teduh.kpkt.gov.my/semakan-lesen-permit
Price, parking and maintenance evidence
- Price status
- Historical reference
- Price checked
- Reference price; ask for latest availability
- Price basis
- Indicative gross SPA prices: Type A1 state unit (900 sq ft, 1 car park) from RM428,000; Type B dual-key (930 sq ft) approximately RM470,000–RM550,000 depending on release; Type C public unit (928 sq ft) from RM550,000. State units have separate eligibility requirements.
- Parking
- To enlighten
- Furnishing
- Confirm specification
- Maintenance
- To enlighten
- Maintenance basis
- To enlighten
The RM428,000 state-unit reference requires eligibility and includes one car park in the supplied layout row. Confirm the selected release, approved floor plan, parking allocation, current gross SPA price and completion date.
APDL verification is limited to the documented register match and date. It does not establish short-stay permission, investment returns, current stock or construction progress. Owner-supplied records remain identified as such; private documents are not published here.
PROPIN PENANG PROPERTY
Understand the project before choosing the unit.
PropIn Consultancy organises Penang new-launch information by location, layout, price and delivery timing. Willy Saw, REN 30641, provides project comparisons through IQI Realty and IQI Bricksmen.
About PropIn and Willy Saw ↗