How much does an apartment at Grand Ocean cost?

Standard three-bedroom homes of about 1,033–1,248 sq ft were listed at roughly RM540,000–730,000 in 2026, around RM520–700 per sq ft depending on size and floor. The penthouses, of about 5,100 sq ft, run higher, up to about RM1.6M.

What is the rent at Grand Ocean?

Furnished three-bedroom homes typically ask about RM1,700–2,300 a month, depending on the floor, the view and the condition of the unit.

When was Grand Ocean completed?

In 2000. It's a single tower of 96 homes, including a few penthouses, freehold on residential title.

Grand Ocean Tanjung Bungah Review 2026: Price, Rent, Catch

Q: Can foreigners buy at Grand Ocean?

Generally not the standard units, which are priced below Penang Island's RM1M minimum for foreign buyers of condos. The penthouses may clear it, depending on the asking price.

The verdict

4.4/ 5

Standard units are below the RM1M foreign-buyer minimum; only the penthouses may clear it.

Price: RM540K–RM1.60M
Tenure: Freehold
Land title: Residential
Completion: 2000

Full Grand Ocean data, floor plans and current pricing →

Zac’s own rating, not user reviews.

Zac’s own rating, not an average of user reviews. It reflects one licensed agent’s assessment of this project against others he tracks in Penang.

Is there anywhere in Tanjung Bungah with a proper sea view that doesn't cost a million ringgit? Grand Ocean is one of the few honest answers. It's a single freehold tower on Jalan Tanjung Bungah, finished in 2000, where a three-bedroom home with a sea-facing balcony lists for well under RM750,000.

The catch, as with any building this age, is in the details. Here's what's good, what to check, and how it compares with its neighbours.

What you're buying

Grand Ocean is a low-density tower of 96 homes, a few of them penthouses, freehold on residential title. Standard homes are three bedrooms and two bathrooms, about 1,033 to 1,248 sq ft, most with balconies looking out to sea. The penthouses are much larger, around 5,100 sq ft with five bedrooms.

It's on the coast road, with the Tanjung Bungah shops, Straits Quay and the Tenby and Dalat international schools all a short drive away (distances below).

Prices and rents in 2026

Standard homes were listed at roughly RM540,000 to RM730,000, about RM520–700 per sq ft depending on size and floor, which is low for a sea-view building on this stretch. Penthouses run up to about RM1.6M.

Furnished three-bedroom homes let for about RM1,700–2,300 a month. On a RM600,000 purchase, RM2,000 a month works out at roughly 4% gross before costs. Tenants tend to be families and professionals who want Tanjung Bungah at a lower rent than the newer buildings.

What to check before you buy

The building's age. At 26 years old, lifts, pipes, waterproofing and the façade all need attention at some point. Ask the management for its latest accounts, the sinking fund balance (the savings pot for major repairs) and whether any special levies have been raised or planned. A healthy fund matters more here than in a new building.

The unit itself. Many homes have been renovated, and some haven't. Price a dated unit with the cost of a new kitchen, bathrooms and wiring in mind.

The view and the noise. Higher floors get the best sea views. Being on the coast road, it's worth visiting at rush hour to hear the traffic from the unit you like.

Foreign buyers. The standard homes are below Penang Island's RM1M minimum for foreign buyers of condos, so this is mainly a building for Malaysian buyers. Short-term holiday letting isn't allowed in island condos under the 2026 homestay by-law.

Getting around

Measured road distances at free-flow speeds (school-run and rush-hour traffic is slower):

Dalat and Tenby international schools: about 1.3 km each, 2 minutes.
Straits Quay: about 4.3 km, 5 minutes.
Uplands (Batu Ferringhi): about 6.3 km, 7 minutes.
Gurney Plaza: about 7 km, 9 minutes.
Gleneagles: about 9 km, 10 minutes.

How it compares

Horizon Tower, also on the Tanjung Bungah seafront, is older still (1988) but offers much bigger homes of about 2,300–2,400 sq ft at RM1.1–1.6M, and every unit is open to foreign buyers. Surin Condominium, completed in 2011, is newer and similarly priced but sits on a hillside set back from the coast: higher floors see the bay, but it isn't on the water like Grand Ocean. And if you can stretch further, the best condos in Tanjung Bungah guide covers everything from Mira Residence to the big seafront towers.

For rents across the area, see renting in Tanjung Bungah.

Zac’s Take

Zac Ong

Grand Ocean is the building I'd show a first-time buyer who wants to wake up to the sea in Tanjung Bungah without stretching to RM1M. The price per square foot is low because the building is 26 years old, so the real homework is the management accounts and the condition of the unit. Get those right and it's a lovely, practical home.

Average response: under 1 hour, 9am–7pm Mon–Sat.

📲 Get current Grand Ocean listings

Current details and listings are on the Grand Ocean project page.

Sources: Building details from portal building pages (iProperty, EdgeProp) and current listings. Asking prices and rents from PropertyGuru, iProperty and Mudah listings in 2026. Foreign-buyer rules from the Penang state schedule; short-term rental rules from Penang's Private Homestay By-Law 2026. Road distances measured on OpenStreetMap routing. Prices change with every listing, so check the figure for the exact unit you're considering.

Grand Ocean Review 2026 — A Sea View in Tanjung Bungah for Under RM750,000