Palmex Industries (IOI Group)
Pearl View Condominium
Tanjung Bungah hillside
From
RM 798K
Tenure
freehold
Title
residential
Total Units
90
Completion
1998
- From
- RM 798K
- PSF
- —
- Tenure
- freehold
- Total units
- 90
- Status
- completed
- Completion
- 1998
Zac’s Take
Zac Ong
Pearl View is a low-density freehold hillside condo in Tanjung Bungah — 90 units, completed 1998 (IOI Group's Palmex), known for large 1,400 to 3,500 sqft layouts and sea views.
My honest take: this is a space-buyer's older building — you get big freehold units and a quiet hillside setting at a sensible price (from around RM798K, larger units RM1.5M-plus). It's a mature block, so check the maintenance and sinking fund before committing. For a family wanting square footage over new-build shine, it's a sought-after address. Ask me what's listing.
Monthly Instalment Calculator
Monthly Instalment
RM 3,223
Total Interest
RM 635,557
Total Outlay
RM 1,433,557
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 79,800 |
| SPA stamp duty | RM 17,940 |
| SPA legal fee | RM 9,230 |
| MOT stamp duty (at VP) Tiered 1–4% on transfer value. Paid at Vacant Possession stage. Buyer's cost — rarely absorbed by developer. | RM 17,940 |
| Loan stamp duty (0.5%) | RM 3,591 |
| Loan agreement legal fee | RM 3,591 |
| Valuation fee | RM 2,000 |
| Search, admin, misc | RM 1,000 |
| Gross upfront total | RM 135,092 |
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 Pearl View freehold?
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What are subsale prices at Pearl View?
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How big are Pearl View units?
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Can foreigners buy at Pearl View?
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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 798K
Pearl View Condominium