Horizon Tower
Tanjung Bungah seafront
From
RM 1M
RM 478–543 PSF · Completion 1988
Tenure
freehold
Title
residential
Total Units
56
Completion
1988
- From
- RM 1M
- PSF
- RM 478–543
- Tenure
- freehold
- Total units
- 56
- Status
- completed
- Completion
- 1988
Zac’s Take
Zac Ong
Horizon Tower is a low-density freehold seafront building in Tanjung Bungah — just 56 units, with very large layouts (roughly 1,900 to 2,360 sqft). It's a mature block (completed 1988), so you're buying position and space rather than new-build shine.
My honest take: for a buyer who wants a big freehold sea-facing unit to renovate on a quiet stretch, the value is real — transactions sit around RM1.0M to RM1.28M at a modest RM478-543 psf. Check the sinking fund and maintenance carefully given the age. Ask me what's listing.
Monthly Instalment Calculator
Monthly Instalment
RM 4,039
Total Interest
RM 796,437
Total Outlay
RM 1,796,437
Tanjung Bungah — area snapshot
Full area guide →Tanjung Bungah offers seafront living with relatively more space than Gurney Drive. It attracts buyers who want proximity to the beach corridor without being in the dense city fringe.
Price range
RM 488K – RM 4.7M
asking prices in area
Active projects
2
selling or under construction
Subsale condos
14
completed projects
Total tracked
18
properties in this area
Total Cost Breakdown
Every cost you'll pay — stamp duty, legal fees, loan documentation, foreign levy. Real Penang numbers, not generic Malaysia estimates.
| Downpayment | RM 100,000 |
| SPA stamp duty | RM 24,000 |
| SPA legal fee | RM 11,250 |
| MOT stamp duty (at VP) Tiered 1–4% on transfer value. Paid at Vacant Possession stage. Buyer's cost — rarely absorbed by developer. | RM 24,000 |
| Loan stamp duty (0.5%) | RM 4,500 |
| Loan agreement legal fee | RM 4,500 |
| Valuation fee | RM 2,000 |
| Search, admin, misc | RM 1,000 |
| Gross upfront total | RM 171,250 |
New launch — typical developer savings
Toggle what the developer is absorbing. Confirm the actual package before signing.
Net upfront (after savings)
Based on typical 2026 new launch package
Estimates based on 2026 Penang state rules. Actual costs vary by bank, lawyer, and case complexity. Confirm exact figures with Zac →
Frequently asked questions
Is Horizon Tower freehold?
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How big are the units at Horizon Tower?
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What are subsale prices at Horizon Tower?
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Can foreigners buy at Horizon Tower?
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Substitutes worth comparing
Open full comparison →Same area family, same property type, similar price band — what most buyers actually cross-shop.
From
RM 1.0M
Horizon Tower