Coronation Springs Sdn Bhd
Springtide Residences
Tanjung Bungah seafront
From
RM 2.80M
RM 740–1000 PSF · Completion 2009
Tenure
freehold
Title
residential
Total Units
77
Completion
2009
- From
- RM 2.8M
- PSF
- RM 740–1000
- Tenure
- freehold
- Total units
- 77
- Status
- completed
- Completion
- 2009
Zac’s Take
Zac Ong
Springtide is one of the landmark seafront luxury addresses on the Tanjung Bungah coast — freehold, just 77 units (74 apartments plus 3 villas), completed 2009, with full sea-view layouts that run very large.
My honest take: this is a trophy own-stay or a blue-chip hold. Asking runs about RM740–1,000 psf, from around RM2.8M into the RM4M-plus range. Low unit count means it rarely lists and the right stack matters. Tell me your size and floor and I'll watch for it.
💎 Premium tier — what actually matters
At this price tier, buyers care about a different set of numbers
Most Springtide Residences 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
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 280,000 |
| SPA stamp duty | RM 96,000 |
| SPA legal fee | RM 25,650 |
| MOT stamp duty (at VP) Tiered 1–4% on transfer value. Paid at Vacant Possession stage. Buyer's cost — rarely absorbed by developer. | RM 96,000 |
| Loan stamp duty (0.5%) | RM 12,600 |
| Loan agreement legal fee | RM 12,600 |
| Valuation fee | RM 3,500 |
| Search, admin, misc | RM 1,000 |
| Gross upfront total | RM 527,350 |
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 Springtide Residences freehold?
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What are subsale prices at Springtide Residences?
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How many units does Springtide have?
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Can foreigners buy at Springtide Residences?
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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 2.8M
Springtide Residences