The following analysis references market insights derived from EPIQ by EdgeProp.my, which aggregates historical rental and sales transactions sourced from NAPIC, alongside prevailing market observations within Gelugor — one of Penang Island’s emerging coastal urban precincts.

As of December 2025, rental rates within the broader Gelugor vicinity generally range between RM1.20 to RM2.10 per sq ft, reflecting a spectrum of property age, specification, and proximity to the seafront. Notably, premium outliers have been recorded along Jalan Pantai Sinaran, with rental rates reaching up to RM3.30 per sq ft, associated with newer or well-positioned developments offering strong sea views, lower density, or pronounced lifestyle branding. This spread indicates that while mainstream rental opportunities remain moderate, there is elasticity for higher rents when supported by design, location, and tenant appeal.

Against this backdrop, The Lighthauz’s rental feasibility sits within the upper-mid to premium segment of the Gelugor market. With its waterfront positioning, comprehensive facilities, and connectivity to the upcoming “The Light” LRT station, the development can reasonably target rents above the median for the area. However, achieving top-tier rental rates would depend on unit orientation, floor level, view corridors, and overall tenant demand upon completion. Investors are encouraged to assess rental potential carefully in line with local benchmarks, as yields may be constrained if acquisition prices significantly outpace achievable rents in the immediate post-completion period.

On the sales side, The Lighthauz’s unit prices currently range from approximately RM86X,XXX to RM1,1XX,XXX, depending on size, floor level, and orientation. This translates to around RM1,180 per sq ft, situating the project at a notable premium relative to broader Gelugor transaction benchmarks. Available EPIQ data indicates that most nearby transacted properties fall within the RM300 to RM600 per sq ft range, with rare outliers such as Middleton Condo achieving close to RM900 per sq ft. The Lighthauz therefore enters the market as a premium offering, reflecting its positioning above historical averages due to seafront location and premium amenities.

From a product and planning perspective, The Lighthauz comprises approximately 671 residential units across a 57-storey tower, with about 15 units per floor served by six passenger lifts and one service lift. While functional and within standard norms for a high-rise of this scale, buyers may note that the combination of unit density and vertical circulation reflects standard high-rise density for waterfront developments. Car park allocation, generally two bays per unit, is aligned with market expectations.

Facility offerings at The Lighthauz are designed to enhance the coastal living experience, featuring sky-level lifestyle decks with an infinity pool and panoramic sea and Penang Bridge views, a sky lounge, fitness areas, children’s play zones, landscaped communal spaces, and 24-hour security with controlled access. Combined with the upcoming “The Light” LRT station within walking distance, these amenities provide both lifestyle and functional convenience for residents, positioning the project competitively within Penang’s waterfront segment.

With an estimated completion targeted for Q4 2030, The Lighthauz represents a long-term lifestyle investment in Penang’s evolving skyline. Its appeal is anchored in freehold tenure, seafront positioning, comprehensive connectivity, and practical amenities suitable for young professionals, families, and investors seeking a balance of coastal living and urban access. For own-stay buyers, the development offers a compelling option for sea-view living combined with modern conveniences. For investors, the premium pricing relative to historical Gelugor benchmarks warrants careful consideration, as future capital appreciation and rental performance will depend on sustained demand for waterfront properties and broader market dynamics.

Disclaimer: The insights provided are based on the Editor’s personal knowledge and experience in the real estate industry and should be treated as a reference only, not as financial or investment advice.