CompletedfreeholdEst. 1998

Taman Ratu

Ratu Mutiara

Name: Ratu Mutiara
Brand: Taman Ratu
Availability: Discontinued

Tanjung Bungah

From

RM 2.38M

RM 393–567 PSF · Completion 1998

Get Brochure + Price List

📲 Price list 📲 Floor plans 📅 Site visit

Tenure

freehold

Title

TBC

Total Units

Completion

1998

From: RM 2.4M
PSF: RM 393–567
Tenure: freehold
Total units: 20
Status: completed
Completion: 1998

Project Tracking

We're tracking Ratu Mutiara — not yet personally reviewed by Zac

This project is in our database from public sources (3 sources) from Taman Ratu. Full pricing, floor plans, unit availability and Zac's honest take are available on direct request — most developers update pricing weekly and we share the current numbers immediately.

📋 Latest price list & available unit types
🏗️ Current construction stage and photos
💬 Zac's honest assessment for your situation
📞 Direct introduction to the developer if you want to view

📲 Get Ratu Mutiara details on WhatsApp

Facilities

Swimming PoolWading PoolGymnasiumTennis CourtBBQ AreaPlaygroundJogging TrackFunction Hall24-Hour SecurityCCTVCovered Parking

What's nearby

🏥 Healthcare

Gleneagles Hospital Penang6.0km
Penang Adventist Hospital7.0km
Penang General Hospital8.0km

🎓 Schools

SK Tanjung Bungah1.5km
SMK Tanjung Bungah2.0km
Uplands International School4.0km

🛍 Shopping

Tesco Extra Tanjung Bungah1.0km
Straits Quay4.0km
Gurney Plaza5.0km

💎 Premium tier — what actually matters

At this price tier, buyers care about a different set of numbers

Most Ratu Mutiara buyers pay cash or use private banking — so monthly instalments aren't the metric. The questions Zac gets asked are:

· Resale liquidity — how long to find a buyer in 5 years
· Capital appreciation — what the area has done over 3, 5, 10 years
· Carrying cost — maintenance + tax + utilities, not loan
· Estate planning — title structure, inheritance handling
· Foreign buyer levy & consent — true total cost basis
· Lawyer / private banker network — who handles transactions well

Run the ROI / exit strategy calc instead →

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

selling or under construction

Subsale condos

completed projects

Total tracked

properties in this area

Other projects in Tanjung Bungah

1 Tanjong · RM 3.6M Alila 2 · RM 1.9M Blossom Suites · RM 733K Granito @ Permai · RM 488K Mira Residence · RM 1.4M Mirage @ Tanjung Bungah Nineten · RM 3.2M Skyhome · RM 4.7M +9 more →

Total Cost Breakdown

Every cost you'll pay — stamp duty, legal fees, loan documentation, foreign levy. Real Penang numbers, not generic Malaysia estimates.

Purchase price (RM)

Downpayment (%)

First-time buyerForeign buyer

Downpayment	RM 238,000
SPA stamp duty	RM 79,200
SPA legal fee	RM 22,290
MOT stamp duty (at VP) Tiered 1–4% on transfer value. Paid at Vacant Possession stage. Buyer's cost — rarely absorbed by developer.	RM 79,200
Loan stamp duty (0.5%)	RM 10,710
Loan agreement legal fee	RM 10,710
Valuation fee	RM 3,500
Search, admin, misc	RM 1,000
Gross upfront total	RM 444,610

New launch — typical developer savings

Toggle what the developer is absorbing. Confirm the actual package before signing.

SPA legal fee absorbed

Panel lawyer provided by developer

− RM 22,290

Loan stamp duty absorbed

0.5% on loan amount

− RM 10,710

Loan legal fee absorbed

Loan documentation fees

− RM 10,710

MOT stamp duty absorbed

Rare — confirm with developer

—

Cash rebate3% = RM 71,400

0%5%10%

Total developer savings− RM 115,110

Net upfront (after savings)

Based on typical 2026 new launch package

RM 329,500

Estimates based on 2026 Penang state rules. Actual costs vary by bank, lawyer, and case complexity. Confirm exact figures with Zac →

Frequently asked questions

How much is Ratu Mutiara?

Units at Ratu Mutiara start from RM 2.38M (around RM 393–567 psf). WhatsApp Zac for the current price list and any unit-specific promotions — pricing changes frequently as stock moves.

Is Ratu Mutiara freehold or leasehold?

Ratu Mutiara is freehold — you own the land in perpetuity, no expiry date, no renewal fees. Freehold residential title remains genuinely scarce in central Penang Island.

When is the expected completion / VP?

Expected Vacant Possession is 1998, subject to developer execution. Defects liability period typically runs 24 months from VP. New launch buyers should budget for transaction costs at SPA and again at VP (MOT stamp duty).

Can foreigners buy Ratu Mutiara?

Yes — Ratu Mutiara meets the Penang state foreign-buyer minimum (RM1M stratified on Penang Island, RM600K mainland). Foreigners pay a 3% state levy (island) plus state consent fees on top of standard transaction costs. Full walkthrough: see the Penang foreign buyer guide or message Zac directly.

Who is the developer of Ratu Mutiara?

Ratu Mutiara is developed by Taman Ratu. For Zac's honest read on the developer's track record and what to expect on delivery quality, WhatsApp directly.

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Open full comparison →

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From

RM 2.4M

Ratu Mutiara

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