City Associates Group
The Cove Condominium
Tanjung Bungah seafront
From
RM 1.60M
Tenure
freehold
Title
residential
Total Units
160
Completion
2008
- From
- RM 1.6M
- PSF
- —
- Tenure
- freehold
- Total units
- 160
- Status
- completed
- Completion
- 2008
Zac’s Take
Zac Ong
The Cove is one of the most exclusive seafront buildings in Tanjung Bungah — freehold, one full unit per floor (roughly 5,800 sqft), completed 2008 by City Associates. Total privacy, enormous layouts.
My honest take: this is a trophy own-stay for a buyer who wants a whole floor on the water. Asking runs about RM1.6M to RM4.2M. Units almost never list. Check the maintenance and sinking fund given the age. Tell me your brief and I'll watch for it.
Monthly Instalment Calculator
Monthly Instalment
RM 6,463
Total Interest
RM 1,274,299
Total Outlay
RM 2,874,299
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 160,000 |
| SPA stamp duty | RM 48,000 |
| SPA legal fee | RM 16,050 |
| MOT stamp duty (at VP) Tiered 1–4% on transfer value. Paid at Vacant Possession stage. Buyer's cost — rarely absorbed by developer. | RM 48,000 |
| Loan stamp duty (0.5%) | RM 7,200 |
| Loan agreement legal fee | RM 7,200 |
| Valuation fee | RM 3,500 |
| Search, admin, misc | RM 1,000 |
| Gross upfront total | RM 290,950 |
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 The Cove Condominium freehold?
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How big are The Cove units?
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What are subsale prices at The Cove?
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Can foreigners buy at The Cove?
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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 1.6M
The Cove Condominium