Mira Residence Review 2026 — A Finished, Family-Sized Condo in Tanjung Bungah

Looking at the whole of Tanjung Bungah? My Tanjung Bungah buyer's guide compares every building in the area. This review looks at Mira Residence in detail.

Six homes per floor, ten-foot ceilings and a 1,635 sq ft family layout for well under RM1.5M: that's the short case for Mira Residence. It's a finished building, ten years old this year, in the quiet Lembah Permai part of Tanjung Bungah, and for many families it's the sensible middle ground between the bigger, pricier Alila 2 nearby and the Waterstone launch you'd wait until 2028 for.

This review covers what you get, what it costs, who it suits and the things to check before you buy.

Key takeaways: Mira Residence is BSG Property's freehold condo in Tanjung Bungah, completed in 2016, with two 32-storey towers. Homes run from 1,352 to about 3,642 sq ft, and listings in late 2026 ranged from about RM850,000 to RM2.15M. It suits families and long-stay residents who want space and calm without paying Alila 2 prices. Foreign buyers need a unit at RM1M or more.

What you get

Mira Residence has two towers of 32 storeys, with six homes per floor and five lifts in each tower. That ratio is a big part of daily life here: you rarely wait for a lift, and corridors stay quiet.

The homes feel more generous than the floor area suggests, thanks to ceilings of about 10 ft. Layouts include:

• about 1,352 sq ft and 1,512 sq ft homes with three bedrooms plus a study;
• the 1,635 sq ft three-plus-one layout, which most families end up choosing;
• four-bedroom homes of about 1,980 and 2,203 sq ft;
• duplexes of about 3,482 to 3,642 sq ft, usually sold bare, so budget for fitting them out.

Parking is in a multi-level car park, with two bays for most homes and 40 visitor bays, and the building has three levels of security and facilities on an upper level. It's freehold on residential title, which keeps utility bills and bank loans on ordinary household terms. Service charges are about RM0.30 per sq ft a month, roughly RM490 for a 1,635 sq ft home.

What it costs

Listings in September and October 2026 ran from about RM850,000 to RM2.15M. As a rough guide, the smaller three-bedroom homes sit at the lower end, the 1,635 sq ft homes in the middle, and the four-bedroom units and duplexes at the top. In pounds, that's roughly £156,000 to £395,000 at RM5.45 to the pound.

The view makes a big difference to price. Some homes see the sea clearly to the north-east; others look across to the hills or neighbouring buildings. Two units of the same size can differ by a lot, so stand in the room before you agree a price.

Renting it out

If you let the home, September 2026 listings ranged from about RM3,500 a month for an unfurnished 1,352 sq ft unit to around RM4,500–4,800 for a furnished 1,635 sq ft home, with a few larger homes higher. On current prices that's a gross return of roughly 3.5–4.5%.

Tenants are mostly families, many with children at Tenby or Dalat, both in Tanjung Bungah, plus long-stay professionals. Short-term holiday letting isn't an option: under Penang's 2026 homestay by-law, condos on the island can't be licensed for short stays.

Who Mira suits

Families who need three or four bedrooms and a short school run to Tenby or Dalat.

Retirees and second-home owners who want a quiet, finished building with room for visiting family, and who are happy to drive.

Foreign buyers who want Tanjung Bungah at a lower price than Alila 2, as long as they choose a unit priced at RM1M or more. Units between RM1M and RM1.5M also pay a reduced 1.5% state levy, rather than the 3% charged above that.

Who should look elsewhere

People who want to walk to restaurants, the beach or the shops. Like most of Tanjung Bungah's hillside, this is a driving location.

Anyone who wants landscaped grounds to rival a resort. Alila 2 is the one for that, with nearly half its site under gardens.

Buyers who want something brand new. The same developer's Waterstone launch, due in 2028, starts at about RM1.29M.

How it compares

If you're choosing between Mira and the same developer's new launch, see Waterstone vs Mira Residence. For rents across the area, see renting in Tanjung Bungah. For the full three-way decision, see Alila 2 vs Waterstone vs Mira Residence, and for the two finished buildings side by side, Mira Residence vs Alila 2.

Before you buy

Ask for the management's latest accounts and the sinking fund balance (the savings pot for major repairs). At ten years old, the building should have a clear maintenance record, and the accounts tell you whether bigger works are coming.

Check the view at the time of day you'll use the home most. And if you're a foreign buyer, confirm the agreed price is at RM1M or more before you sign anything; the whole process, from offer to keys, is set out in the UK buyer's guide, and the steps are the same for any nationality.

Sources: Building details from BSG Property material and portal building pages; asking prices and rents from PropertyGuru, EdgeProp, iProperty and Mudah listings in September–October 2026. Foreign-buyer rules from the Penang state schedule and Budget 2026; short-term rental rules from Penang's Private Homestay By-Law 2026. Prices change with each listing, so check the figure for the exact unit you're considering.