Compact freehold suites and dual-key units beside the Lim Chong Eu Expressway
Keeperz Suites Gelugor
Keeperz Suites @ Gelugor, Penang
Seksyen 8, George Town (Gelugor), Penang island
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Project Details
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Development
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Keeperz Suites @ Gelugor, Penang
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Developer
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EXSIM Waterfront Sdn Bhd
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Land Title
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Commercial title under the Housing Development Act
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Land Area
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2.14 acres
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Tenure
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Freehold
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No. of Towers
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2 Towers
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Total Units
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493 Units
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Total Floors
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21
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Total Unit Per Floor
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Tower A: about 21 (Levels 5-10), about 11 (Levels 11-20); Tower B: about 23 (Levels 5-8), about 15 (Levels 9-19)
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Lifts Per Floor
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3 passenger lifts + 1 service lift per tower
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Unit Size
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Type A1 / A1a / A1b | 484 sq.ft. | 2 Bedroom
Type B1 / B1a (Dual Key) | 581 sq.ft. | 2 Bedroom |
What You Get at Keeperz Suites
Two Compact Layouts Only
Choose between three Type A variants (A1, A1a, A1b), all 484 sq ft with two bedrooms and two bathrooms, and two dual-key Type B variants (B1, B1a) of 581 sq ft. Mirrored plans exist for each.
How the Dual-Key Unit Works
Behind the Type B front door is a small foyer with two inner doors. Each side holds a bedroom, a pantry and a bathroom, so two occupants keep separate spaces inside a single unit.
Two Towers, Two Densities
Lower floors are busier: Tower A carries about 21 homes per level from Level 5 to 10, then about 11; Tower B carries about 23 from Level 5 to 8, then about 15. Three passenger lifts and one service lift serve each tower.
Pools and Gym on Level 21
The top of Tower B holds a sky pool, a wading pool, a jacuzzi and a lounge; the top of Tower A has the sky gym, a game room and a co-working space. Level 5 has a playground, a BBQ spot and a herb garden.
Upkeep and Parking
The full maintenance charge, sinking fund included, is RM0.94 psf; for the first two years owners pay RM0.48 psf. The 364 car parks include five for disabled drivers. That is fewer bays than the 493 homes, so confirm a bay before you book.
Bridge View or Hill View
Units on the southeast side look towards Penang Bridge and the mainland, while units on the northwest side face Bukit Dumbar. Choose your side before you choose your floor.
Keeperz Suites Layout Plans
Type
Seksyen 8, George Town (Gelugor), beside the Lim Chong Eu Expressway
Ask About Keeperz Suites
What Keeperz Suites @ Gelugor, Penang costs to own
Worked from the published figures on this page.
| Starting price | RM820,100 |
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| Roughly per square foot, at the smallest layout | RM1,694 |
| Stamp duty on the transfer, Malaysian buyer | RM18,603 |
| Stamp duty on the transfer, foreign buyer (flat 8%) | RM65,608 |
| Stamp duty on the loan agreement | 0.5% of your loan amount |
Transfer stamp duty for a Malaysian buyer is 1% on the first RM100,000, 2% on the next RM400,000, 3% on the next RM500,000 and 4% above RM1 million. Foreign individuals and companies pay a flat 8% from 1 January 2026.
How dense it is
| Units per floor | Tower A: about 21 (Levels 5-10), about 11 (Levels 11-20); Tower B: about 23 (Levels 5-8), about 15 (Levels 9-19) |
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Who it suits
- Singles and couples, and landlords letting to them. Layouts start at 484 sq ft, which is a one or two person home rather than a family one.
- Buyers who can wait. Completion is expected in 2030 (vacant possession estimated Q4 2030), so budget for rent until then.
- Malaysian buyers. Penang sets RM1,000,000 as the minimum for a foreign buyer of a strata home on Penang island, so the lower-priced units here are for local buyers; a foreign buyer needs a unit priced at RM1,000,000 or more, with State Authority approval applied for through a lawyer.
Who it may not suit
- You need to move in before 2030. Completion is expected in 2030, about 4 years after signing this year, so plan to rent or stay where you are until then.
- You want low monthly costs. The service charge is RM0.94 psf, about 2.4 times the RM0.40 psf median of the projects on this site. For the smallest 484 sq ft unit, that is about RM455 a month.
What to confirm before you sign
- The service charge per square foot. It is the cost you carry every month for as long as you own, and it varies several times over between buildings.
- Car park allocation in writing. Some city projects allocate none; you rent a bay monthly instead.
- It sits on a Commercial title under the Housing Development Act. That changes utility tariffs and assessment rates compared with a residential title — ask for the figures before you budget.
- The delivery date in the sale and purchase agreement, not the one in the brochure.
Prices are gross and change with unit and floor. Last checked .
Holding Keeperz Suites month to month
For the starting-price unit of Keeperz Suites, at RM820,100, a 90% loan of RM738,090 repaid over 35 years at 4% a year, my example rate, costs about RM3,268 a month. The entry unit here, 484 sq ft, carries a service charge of about RM455 a month, sinking fund included. Budget roughly RM3,723 a month, not yet counting assessment tax or quit rent.
Tell me which unit you are considering on WhatsApp, +60 17-880 2526, and I will work it out for that unit.
The 4% is an example rate rather than a quote, and what you sign for is priced unit by unit and floor by floor. For a different loan, scale it up or down with the table below.
Your monthly bill in parts
| Part | Each month | Where it comes from |
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| Instalment on a 90% loan of RM738,090 | RM3,268 | 90% of RM820,100, 35 years at 4% a year |
| Service charge | RM455 | RM0.94 on each of 484 square feet |
| Sinking fund | Already included | 10% of the service charge, the legal minimum |
| Assessment tax | Two bills a year | Your local council sets it on the annual value |
| Quit rent | One bill a year | Due every 1 January |
| Total a month | RM3,723 | Instalment and service charge |
Work out your own instalment
The bank's formula is monthly payment = P × r ÷ [1 − (1 + r)−n]. P is the amount borrowed, r is the yearly rate ÷ 12, and n is the number of monthly payments: 420 over 35 years.
Most new home loans float. The rate is the Standardised Base Rate (SBR) plus a spread the bank sets for you, and the SBR tracks the Overnight Policy Rate, which Bank Negara has held at 2.75% from 9 July 2025. At 4.5% instead of 4%, that RM738,090 loan costs about RM225 more a month, and a 30-year term instead of 35 adds about RM256. If this would be your third or later home loan, the bank can lend at most 70% of the property's value.
| For each RM100,000, at a rate of | Repaid over 35 years | Repaid over 30 years |
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| 4.0% a year | RM443 a month | RM477 a month |
| 4.5% a year | RM473 a month | RM507 a month |
| 5.0% a year | RM505 a month | RM537 a month |
For a RM650,000 loan at 4% over 35 years, take 6.5 × RM443: about RM2,880 a month.
Service charge and sinking fund
The service charge at Keeperz Suites is RM0.94 a month for each square foot, and that already counts the sinking fund. Under the Strata Management Act 2013, the sinking fund is at least 10% of the service charge and is kept for major repairs.
Across the 125 high-rise projects I track, the middle figure is RM0.40 per sq ft. Keeperz Suites is above it, about RM261 a month more on the smallest unit than a building charging the middle figure.
Frequently asked questions
Where is Keeperz Suites?
Keeperz Suites is in Seksyen 8, George Town (Gelugor), Penang island.
Is Keeperz Suites freehold or leasehold?
Keeperz Suites is freehold. Land title: Commercial title under the Housing Development Act.
How much does a unit at Keeperz Suites cost?
Prices start from RM820,100 (gross) and vary with the unit type, floor and facing.
What layouts are available at Keeperz Suites?
Sizes range from 484 to 581 sq ft, with 2 bedrooms.
How many units are there at Keeperz Suites?
493 units in 2 towers of 21 storeys.
Who is the developer of Keeperz Suites?
Keeperz Suites is developed by EXSIM Waterfront Sdn Bhd.
When will Keeperz Suites be completed?
Completion is expected in 2030 (vacant possession estimated Q4 2030).
Can a foreigner buy at Keeperz Suites?
Only units priced at RM1,000,000 or more. Penang sets RM1,000,000 as the minimum price for a foreign buyer of a strata home on Penang island; Keeperz Suites starts at RM820,100 and the highest price here is RM1,005,900. The purchase is applied for through a lawyer and needs approval by the State Authority. The application fee is RM20,000 per title (commercial title). The levy is 1.5% of the price (Penang island strata homes priced RM1,000,000 to RM1,500,000), payable within 30 days of approval, and a foreign owner may not sell within 3 years of the sale and purchase agreement. Every state's minimum price for foreign buyers →
Where to look next
Other projects I would put beside this one before deciding: similar budget, size or area.