TheLume Price List 2026
Freehold luxury from RM 2.2 million on Andaman Island, Penang. Explore unit pricing, per-square-foot analysis, and flexible payment plans for all four layout types.
RM 2.2M
Starting Price
261
Freehold Units
1,722–2,874
Sqft Range
RM 1,010
From PSF
Unit Pricing Overview
TheLume at Andaman by Eastern & Oriental Berhad (E&O) offers 261 freehold luxury condominium units across four thoughtfully designed layouts. Situated on the prestigious Andaman Island in Tanjung Tokong, Penang, the development delivers an exceptional living experience with prices starting from RM 2,200,000.
Every unit features generous proportions — the smallest Type A spans 1,722 sqft while the flagship Type D offers a commanding 2,874 sqft of living space. With a price-per-square-foot range of RM 1,010 to RM 1,278, TheLume presents compelling value within Penang's premium freehold condominium market, especially considering the E&O brand pedigree and island-front setting.
All units come with high-end finishes, branded appliances, and access to resort-grade amenities including an infinity pool, sky terrace on Level 49, gymnasium, and function rooms. The freehold tenure ensures long-term ownership security — a key consideration for both families and property investors. Use the payment calculator to estimate your monthly commitment.
Detailed Price Breakdown by Unit Type
All prices are indicative starting prices and subject to floor level, facing, and prevailing developer promotions. Contact our sales team for the latest availability.
| Type A | Type B | Type C | Type D | |
|---|---|---|---|---|
| Configuration | 3 Bedroom | 3+1 Bedroom | 4 BR + Utility | 4 BR + Utility |
| Built-Up Area | 1,722 sqft | 2,164 sqft | 2,476 sqft | 2,874 sqft |
| Starting Price | RM 2,200,000 | RM 2,200,000 | RM 2,500,000 | RM 3,200,000 |
| Price PSF | RM 1,278/psf | RM 1,017/psf | RM 1,010/psf | RM 1,113/psf |
| Bathrooms | 2 | 3 | 3 | 4 |
| Tenure | Freehold | Freehold | Freehold | Freehold |
Price Per Square Foot Analysis
Understanding price per square foot (PSF) is essential when evaluating luxury condominiums in Penang. TheLume's PSF range of RM 1,010–1,278 positions it competitively against comparable freehold developments along the northern coastline.
Type C at RM 1,010/psf offers the most attractive entry point per square foot. Its 2,476 sqft layout with 4 bedrooms and a utility room delivers the best space-to-cost ratio — ideal for families who prioritise generous living areas without stretching to the premium Type D tier.
Type B at RM 1,017/psf closely follows, providing a 3+1 bedroom configuration across 2,164 sqft. The additional room functions perfectly as a home office, maid room, or nursery, adding flexibility at a marginal PSF premium.
Type D at RM 1,113/psf commands a higher PSF reflective of its flagship status — 2,874 sqft of expansive living with 4 bedrooms, a utility room, and premium corner positioning on most floors.
Type A at RM 1,278/psf carries the highest per-square-foot price, typical for compact luxury units. At 1,722 sqft with 3 bedrooms, it appeals to couples, downsizers, and investors seeking lower absolute price points with strong rental yield potential.
Payment Schedule & Financing Options
TheLume follows a standard progressive payment scheme regulated under the Housing Development (Control and Licensing) Act 1966 (Schedule H). This protects buyers by linking payments directly to verified construction milestones.
Booking & SPA Signing
Pay a 10% deposit upon signing the Sales and Purchase Agreement. This secures your chosen unit, floor, and facing.
Progressive Billing
Subsequent payments are billed progressively as construction milestones are certified — foundations, structural frame, roofing, wiring, and internal finishes.
Loan Disbursement
For financed purchases, your bank releases funds directly to the developer in line with the progress billing schedule. Interest during construction (IDS) may apply.
Vacant Possession
The final balance is settled upon completion and handover of keys. Defect liability period of 24 months commences from this date.
Financing & Stamp Duty
Malaysian citizens are eligible for up to 90% bank financing for their first two residential properties. Major banks including Maybank, CIMB, Public Bank, and Hong Leong Bank offer competitive home loan packages with tenure up to 35 years (subject to age cap).
Stamp duty estimates: For a RM 2,200,000 property, the Memorandum of Transfer (MOT) stamp duty is approximately RM 61,000 under the standard tiered rate (1%–4%). The loan agreement stamp duty is 0.5% of the loan amount. First-time homebuyers may qualify for stamp duty exemptions on properties up to RM 500,000 — though TheLume units exceed this threshold, partial relief may apply under prevailing government incentives.
International buyers (including MM2H visa holders and Singaporean purchasers) should note the minimum property purchase threshold for foreign ownership in Penang is RM 2,000,000. All TheLume units meet this requirement. A state consent fee applies, and financing options may differ — consult our advisory team for guidance.
How TheLume Compares to Nearby Developments
Benchmark pricing against other luxury condominiums in Tanjung Tokong and the greater Gurney–Tanjung Bungah corridor.
| TheLume at Andaman | Shorefront Residence | The Tamarind | Mezzo (Gurney) | |
|---|---|---|---|---|
| Developer | E&O Berhad | PLB Group | E&O Berhad | Hunza Properties |
| Tenure | Freehold | Freehold | Freehold | Freehold |
| PSF Range | RM 1,010–1,278 | RM 900–1,100 | RM 800–1,000 | RM 1,200–1,500 |
| Unit Sizes | 1,722–2,874 sqft | 1,600–2,400 sqft | 1,400–2,600 sqft | 1,200–2,800 sqft |
| Completion | 2028 (est.) | Completed | Completed | 2027 (est.) |
| Island Setting | Yes | No | No | No |
TheLume's unique positioning on Andaman Island — a master-planned enclave by E&O — sets it apart from mainland developments. The combination of freehold tenure, island living, and reputable developer branding underpins strong capital appreciation potential.
Frequently Asked Questions
Common questions about TheLume pricing, payment plans, and financing.
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