Capstone Corporate Suites

395 strata office units and 17 retail lots in one 36-storey tower, according to the developer’s fact sheet and press reports from the launch.

Offices occupy Levels 12 to 35 above a nine-level car park podium; retail sits on the ground floor, Level 1, the Level 11 Sky Plaza and the Level 35 rooftop.

Leasehold: 99 years, expiring on 27 September 2116, with strata title, as stated in the developer’s brochure.

The land carries a restriction in interest — no transfer, charge or lease without State Authority consent — so every sale and every mortgage needs consent. Your solicitor handles this, but it adds weeks to a resale.

The fact sheet lists 27 office types from 1,238 to 3,316 sq ft, plus 12 types with a private terrace from 2,616 to 4,917 sq ft including the terrace.

The smallest is Type D1 at 1,238 sq ft; the largest single unit drawn is N1 on Level 32 — 3,995 sq ft of office plus a 569 sq ft terrace. Adjoining units can be combined.

Possibly, with State consent. Penang’s published minimums for Seberang Perai — RM500,000 for strata bought by a foreign individual, RM1 million for landed — are written for residential property, and this is commercial office space, so do not assume they apply unchanged.

Commercial purchases by foreigners go through the Penang Land Office for consent, and the flat 8% stamp duty introduced on 1 January 2026 is a residential measure. Send me your nationality and whether you are buying personally or through a company, and I will have the current position checked before you commit.

The developer’s June 2026 fact sheet targets the Certificate of Completion and Compliance in Q2 2028, with a construction period of 42 months from the SPA date.

The earlier brochure’s statutory notice says 48 months from SPA. Offices fall outside the Housing Development Act, so there is no Schedule H to fall back on — the delivery and late-delivery clauses in your own SPA are what count.

For letting, the 1,238–1,544 sq ft Standard units on Levels 12–29 are the easiest size for small firms to lease. For owner-occupiers who may grow, pick adjoining units now — combining later depends on neighbours selling.

For a head office, the upper floors are different: private terraces from Level 30, higher ceilings on 33A (4.0 m) and 35 (4.5 m), and fewer units per floor.

There is no government permit price band for this project, because offices are not registered with KPKT. I do not repeat figures circulating online.

For the current price list, the units still open and the maintenance fee and sinking fund in writing, message me and I will send what applies today.

They answer different questions. Anggun Residences is a completed residential development 100 m away — you can inspect it and let it now. Capstone is an office under construction, aimed at the business tenants the surrounding industrial parks create.

A home is a residential loan and residential rules; an office is a commercial loan, commercial tariffs and a business tenant. Many investors in Batu Kawan hold one of each.

The developer’s case is the industrial parks around it — Batu Kawan Industrial Park at 2.1 km and Bandar Cassia Technology Park at 1.7 km — and their suppliers, consultants and shared-service teams, who today often rent in Bayan Lepas.

That demand is a projection, not a lease. Capstone is the first Grade A office stock in the area, so there is no rental track record yet. Ask me for the assumptions behind any yield figure you are shown.