Penang Island
Tanjung Bungah
Penang Island's beachfront residential corridor
Condo PSF
RM 513–1065
Avg Yield
4.5%
Avg Rent (condo)
RM 2,200
Active projects
1
What is the average PSF in Tanjung Bungah in 2026?
The average condo PSF in Tanjung Bungah is roughly RM513–1065 as of 2026, based on NAPIC/Brickz-checked benchmarks for the area.
- Condo PSF rangeRM 513–1065
- Gross rental yield4.5%
- Avg. condo rentRM 2,200/mo
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 corridor.
- 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 corridor.
- 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 15 tracked projects — 1 selling, 14 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 15 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 — 14 projects
| Project | Price | PSF | Tenure | Land title | Built | Status |
|---|---|---|---|---|---|---|
| Granito @ Permai | RM397K–RM560K | 461–648 | Freehold | Residential | 2024 | sub-sale |
| Grand Ocean | RM550K | 590–700 | Freehold | Residential | — | sub-sale |
| Surin Condominium | RM600K–RM1.4M | 459–650 | Freehold | confirm | 2011 | sub-sale |
| Alila Horizons | RM700K–RM900K | 516–643 | Freehold | Residential | 2008 | sub-sale |
| Pearl View Condominium | RM780K–RM810K | 560 | Freehold | Residential | 1998 | sub-sale |
| Mira Residence | RM1.07M–RM1.8M | 734–979 | Freehold | Residential | 2016 | sub-sale |
| Horizon Tower | RM1.1M–RM1.58M | 480–660 | Freehold | Residential | 1988 | sub-sale |
| Alila 2 | RM1.68M–RM4M | 863–1250 | Freehold | Residential | 2018 | 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 |
| Infinity Beachfront | RM2.7M–RM6.9M | 681–1089 | Freehold | Residential | 2010 | sub-sale |
| 1 Tanjong | RM3.6M | 847–1049 | Freehold | confirm | 2015 | sub-sale |
| Springtide Residences | RM3.8M–RM4.98M | 920–1053 | Freehold | Residential | 2009 | sub-sale |
| Skyhome | RM4.39M–RM16M | 640–800 | Freehold | confirm | 2010 | sub-sale |
Price bands
Foreign buyers
11 of 15 have at least one unit clearing the RM1M island minimum. 3 do not: Granito @ Permai, Alila Horizons, Pearl View Condominium. One has no recorded ceiling and an entry below the floor — confirm whether a larger unit qualifies: Grand Ocean. The threshold never varies by title class.
Title & tenure
- 4 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 · 14 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.