GEORGE TOWN, January 18 — Ideal Property Group marked a significant milestone with the completion of its Ideal Venice Residency in Island Glades, celebrating the achievement with a key handover ceremony for homeowners.
A total of 20 homeowners received their keys from the Minister of Housing and Local Government, YB Tuan Nga Kor Ming, together with Penang Chief Minister YAB Chow Kon Yeow, symbolising the start of a new chapter for families moving into the Venetian-inspired development.
Executive Chairman Tan Sri Datuk Alex Ooi said the project reflects the group’s commitment to creating a lasting legacy by delivering high-quality, affordable homes without compromising on design or construction excellence.
Ideal Venice Residency is the group’s fifth affordable housing project in Penang, offering 1,632 condominium units priced at RM300,000, each featuring three bedrooms, two bathrooms and a private balcony, designed to provide practical yet refined living for modern families.
Inspired by the timeless charm of Venice, the development features iconic architectural elements such as replicas of the Rialto Bridge, St Mark’s Campanile and gondolas, alongside a San Polo-inspired pool area and extensive lifestyle amenities.
Strategically located near Universiti Sains Malaysia and the Penang Bridge, the project combines tranquil surroundings with excellent connectivity, reinforcing Ideal Property Group’s role in expanding accessible homeownership while enhancing community living in Penang.
