Laguna Bay Residences @ Teluk Kumbar

The project we went to look at this time is Laguna Bay Residences, tucked into the southwest corner of Penang island in Teluk Kumbar, a small place that still carries a fishing village feel. It is affordable housing, a 5-minute walk from Lexis Suites, and most units look straight out onto the Strait of Malacca. Affordable housing has been getting more and more attention in recent years, but the PN1 and PN4 codes inside these schemes throw a lot of people the first time they run into them. This piece tries to make them clear.

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Source from Laguna Bay Residences

▎Location

➜ A fishing village in Penang island's southwest corner, now in transition

Teluk Kumbar sits on the southwest coast of Penang island. It used to be a fishing village, and as development has spread through the area it has slowly been turning into an emerging residential district. The site is about 1 acre (4,116 sqm), roughly a 5-minute walk from the Lexis Suites resort hotel and under 10 minutes' drive to Penang International Airport. The Second Penang Bridge, the Free Trade Zone, Queensbay Mall and Pantai Hospital are all in the wider area, and amenities keep filling in. Nearby communities include Taman Emas Flat, Sunway Aspera, Cascara 88 and Vanilla Bay Villa.

➜ The sea view is real, but the commute is yours to weigh up

The project leads with low density and sea views: a single 31-storey residential tower, with most units facing the Strait of Malacca. Worth noting is that Teluk Kumbar sits on the fringe relative to Penang island's built-up areas. The official site mentions that the main road will eventually be widened from two lanes to four, but for now getting to George Town or the Penang Bridge area still takes a fair drive. It suits buyers who do not mind the commute and who value the sea view and low-density living.

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Source from Laguna Bay Residences

▎Project Specs

➜ The developer

The developer Laguna Bay Residences is built by Kobay SB Sdn Bhd, a subsidiary of the listed Kobay Technology Berhad.

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Source from Laguna Bay Residences

➜ Layouts and scale

The project is a single 31-storey residential tower sitting on a 9-storey car park podium, with 3 facility floors at different levels and 19 residential floors in total. There are 342 units, split into Type A (247 units) and Type B (95 units). Both types are 900 sqft built-up; the difference is mainly orientation (hill view or sea view) and internal layout. Tenure is freehold, residential use.

➜ Price

Current prices sit a fair bit above the launch price published in 2023. The latest internal figures (updated June 2026) put the range at RM378,000 to RM434,000. The "from RM300,000" in Penang Property Talk's 2023 article was the launch price at the time and has been revised upward since. If you are still budgeting off the 2023 number, update it to the current range, and treat the sales gallery's quote on the day as final.

➜ PN1 and PN4: work out which one you are buying first

This project falls under Penang's "Rumah Mutiaraku" affordable housing scheme. Eligibility includes being a Malaysian citizen, being over 21 on the day you apply, and your voter status (Penang voter or non-Penang voter, with different quotas). Internal materials show that IQI can currently only sell PN4, the upgraded tier within the affordable housing scheme. PN1 and PN4 share facilities but are positioned differently, so confirm with the sales gallery exactly which category the unit you are viewing belongs to, and what the price and conditions are for each. Do not treat them as interchangeable. Also note there is a 5-year resale moratorium once the SPA is signed, so this is not for buyers planning a short-term flip.

➜ Construction progress

Internal materials show progress at "Stage 2A completed" as of August 2024, with completion expected in Q1 2027. Penang Property Talk also published fresh site photos in June 2026, but the captions did not state the current stage. This article uses the internal figure. We would suggest checking the latest progress directly with the sales gallery, since the internal construction data was updated earlier than the pricing data.

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Source from Laguna Bay Residences

▎Facilities

➜ Facilities spread across three floors

L23A: reading area, viewing deck, foot reflexology corner, gym and yoga area, tai chi corner;

L11: outdoor fitness area, playground, community hall;

L10: swimming pool, children's pool, jacuzzi, pool deck, water deck, landscaped garden, prayer room (Surau), management office

Spreading the facilities over three separate floors is a reasonable amount for an affordable housing project. Do note that units are handed over bare (Bare Unit), with no ceiling finishes, so set aside a renovation budget before you move in.

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▎Project Fact Sheet

Project name: Laguna Bay Residences

Developer: Kobay SB Sdn Bhd (a subsidiary of Kobay Technology Berhad)

Address: Teluk Kumbar, Penang

Tenure: Freehold, Residential Title

Property type: Single 31-storey residential tower (342 units, Type A and B both 900 sqft)

Price range: From RM378,000 (sales gallery's latest quote applies)

Construction progress: Stage 2A completed, expected completion Q1 2027

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Laguna Bay Residences location

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