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Project Memo

Lumina Residence @ Pykett, George Town Investment Memo

George Town, Penang · From RM1,030,000

Tenure

Freehold

Size

1206 - 1518 sqft

Developer

VST Group

Completion

Q1 2028

Total units

596

Type

Condominium

Entry and holding

From RM1,030,000. Check nett price, package, maintenance, furnishing and vacancy buffer before booking.

Tenant and exit

Likely target audience: local own-stay families, upgraders or practical renters in the surrounding area. Before booking, compare entry price against nearby completed projects so the resale gap is clear. For rental planning, check realistic furnished rental, maintenance fee and vacancy buffer instead of only gross yield.

Risk notes

Traffic and actual travel time should be checked during weekday peak hour. Final package, rebate, car park allocation and legal fee support can change without notice. Rental estimate should be checked against current completed supply nearby. Construction timeline and VP date should be reconfirmed with the developer.

Cash buffer guide

SPA / legal buffer: RM 10,300

Stamp duty buffer: RM 30,900

Loan agreement buffer: RM 5,150

Renovation / move-in buffer: RM 25,750

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