Penang Island
Tanjung Bungah
Penang Island's beachfront residential area
Condo PSF
RM 460–1050
Active projects
1
What is the average PSF in Tanjung Bungah in 2026?
Most condos in Tanjung Bungah are priced at roughly RM460–1050 per sq ft in 2026, based on asking and launch prices across the condo projects we track in the area. These are asking prices, not transacted prices.
- Condo PSF rangeRM 460–1050
Character
Laid-back beachfront suburb with a strong family feel. A step back from the Gurney Drive premium but with direct beach access and a slower pace. Popular with long-term expats who prefer space over proximity to the CBD.
Lifestyle scorecard
Zac's honest 1–10 rating across the dimensions buyers care about most.
✅ Pros
- Direct beach access — rare on Penang Island
- More affordable than Tanjung Tokong / Gurney Drive
- Strong family-oriented community
- Mix of freehold landed and condos available
- Quieter, less congested
⚠️ Cons
- Further from Georgetown CBD
- Fewer mall options — Gurney Drive requires a drive
- Some older condo stock needs renovation
Transaction benchmark
April 2024 - March 2025 (trailing 12 months)Condo PSF (low)
RM 380
Condo PSF (high)
RM 880
Sample
Brickz aggregate for Tanjung Bungah non-landed residential; project anchors include By The Sea (RM700-880/sf premium beachfront), Birch Plaza Tanjung Bungah (~RM450/sf), Sunny Ville (older walk-up ~RM380-420/sf).
Tanjung Bungah covers a wide PSF band — premium beachfront condos (By The Sea, Quayside-adjacent stock) sit at the top of the range, while older walk-ups inland and on hillside roads anchor the lower end. NAPIC publishes only district-level (Timur Laut); Brickz is the closest verifiable public source.
Sources
For unit-by-unit recent transactions on any specific Tanjung Bungah project, ask Zac for the latest →
📈 What to watch over the next 3 years
Verifiable upcoming events from named, dated announcements — not price speculation.
- Tanjung Bungah is NOT served by the funded Mutiara LRT alignment (line runs island-south to Penang Sentral). A potential coastal extension from Tanjung Tokong is discussed in Wikipedia commentary but unfunded — net effect over the next 3 years: relative transit access lags Bayan Lepas / KOMTAR area.
- Ascott Residences beachfront luxury project (99 units) is slated to open by 2028 on the Tanjung Tokong–Tanjung Bungah coastal stretch, reinforcing branded/serviced positioning for the strip and competing with existing premium condo resale.
- Mount Erskine Underpass (RM330m, Budget 2026 approved, Q4 2026 start) will reshape feeder traffic into Tanjung Bungah from Pulau Tikus — 18-month utility-relocation phase precedes flow benefit, so 2027–2028 are disruption years on the inbound area.
- Limited new condo launches in-suburb (versus active Tanjung Tokong pipeline of Eight & Eight, Dua Tanjung, Crown Penang) means resale stock here faces less new-supply competition than its northern neighbour.
Every project in Tanjung Bungah, priced
All 16 tracked projects — 1 selling, 15 trading sub-sale. Rendered from our project records, so a correction updates this table everywhere it appears.
Tanjung Bungah is a sub-sale market, not a launch market — only 1 of 16 tracked projects are selling. Buying here this year means buying from an owner, not a developer.
Selling now
| Project | Price | PSF | Tenure | Land title | Built | Status |
|---|---|---|---|---|---|---|
| Waterstone | RM1.29M | — | Freehold | Residential | 2028 | selling |
Sub-sale — 15 projects
| Project | Price | PSF | Tenure | Land title | Built | Status |
|---|---|---|---|---|---|---|
| Granito @ Permai | RM435K–RM550K | 500–640 | Freehold | Residential | 2019 | sub-sale |
| Grand Ocean | RM540K–RM1.6M | 520–700 | Freehold | Residential | 2000 | sub-sale |
| Surin Condominium | RM618K–RM1.4M | 459–650 | Freehold | confirm | 2011 | sub-sale |
| The Straits Regency | RM680K–RM930K | 444–599 | Freehold | confirm | 2006 | sub-sale |
| Alila Horizons | RM700K–RM900K | 516–643 | Freehold | Residential | 2008 | sub-sale |
| Pearl View Condominium | RM758K–RM1.5M | 540–580 | Freehold | Residential | 1998 | sub-sale |
| Mira Residence | RM850K–RM2.15M | 734–979 | Freehold | Residential | 2016 | sub-sale |
| Horizon Tower | RM1.1M–RM1.6M | 480–660 | Freehold | Residential | 1988 | sub-sale |
| Alila 2 | RM1.68M–RM3.08M | 880–1150 | Freehold | Residential | 2018 | sub-sale |
| Infinity Beachfront | RM2.3M–RM6.9M | 681–1089 | Freehold | Residential | 2010 | sub-sale |
| Nineten | RM2.5M–RM3.95M | 762–854 | Freehold | confirm | 2013 | sub-sale |
| The Cove Condominium | RM2.7M–RM4.99M | 450–832 | Freehold | Residential | 2008 | sub-sale |
| 1 Tanjong | RM2.8M–RM7.8M | 847–1049 | Freehold | confirm | 2015 | sub-sale |
| Springtide Residences | RM3.8M–RM6.2M | 920–1053 | Freehold | Residential | 2009 | sub-sale |
| Skyhome | RM4.7M–RM8M | 760–825 | Freehold | confirm | 2010 | sub-sale |
Price bands
Foreign buyers
13 of 16 have at least one unit clearing the island minimum (RM1M strata, RM3M landed). 3 do not: Granito @ Permai, Alila Horizons, The Straits Regency. The threshold depends on property type, not title class.
Title & tenure
- 5 have no land title on record. Confirm it in writing before committing — it changes your financing.
Narrow it down
Filtered views of Tanjung Bungah stock — each one a live list, not a static page.
Projects in Tanjung Bungah
1 selling · 0 upcoming · 15 completed
Selling now & under construction
More on Tanjung Bungah
Guides and comparisons specific to this area.
Hero photo: Wikimedia Commons contributor · CC-BY-SA-4.0
Sources & data gaps (1)
Honest list of what couldn't be verified from public sources for this area (research completed 2026-06-24). These need Zac's direct input.
- •Condo PSF band is the range of PROJECT MEDIAN asking PSF across 7 verified sub-sale projects (Aug 2026) — a typical-unit band, not the absolute min-max of every listing, so it stays usable for area-vs-area comparison.