Is Waterstone freehold or leasehold?

Waterstone is freehold, on a residential title. Those are two separate facts and only the first usually appears in marketing.

Can a foreigner buy at Waterstone?

Yes. Penang Island sets a RM1,000,000 minimum for foreign buyers. Add a state levy, a flat 8% stamp duty, and 3–4 months for state consent.

When was Waterstone completed?

Waterstone is expected to complete in 2028, developed by BSG Property. Read that as the developer's target — what binds is the vacant possession date in your SPA, 36 months from signing for a strata title under the Housing Development Act.

How big are the units at Waterstone?

Built-ups run 1,334 to 2,195 sq ft. There are 365 units in total.

Waterstone — condominium, Jalan Loh Poh Heng, Tanjung Bungah

Selling NowfreeholdresidentialEst. 2028

BSG Property

Waterstone

Name: Waterstone
Brand: BSG Property
Availability: InStock

Jalan Loh Poh Heng, Tanjung Bungah

From

RM 1.29M

Completion 2028

Get Brochure + Price List

📲 Price list 📲 Floor plans 📅 Site visit

Tenure

freehold

Title

residential

Total Units

365

Completion

2028

From: RM 1.3M
PSF: —
Tenure: freehold
Total units: 365
Status: selling
Completion: 2028

Price at a glance

Prices as at September 2026 — Developer prices basis. Last checked 2026-07-29. The project has not completed — no resale market yet.

Unit type	Size (sqft)	Price from	PSF from
3BR	1,334–1,800	RM1.287M	~RM715
4BR	1,800–2,195	RM1.8M	~RM820

Zac’s Take

Zac Ong

Waterstone is a 365-unit freehold condominium in Tanjung Bungah, selling from RM1.287M. Tanjung Bungah sits between Tanjung Tokong and Batu Ferringhi — quieter than Gurney, with beach access and good sea views from higher floors. Freehold at RM1.287M in Tanjung Bungah is reasonable for sea-view product here. 365 units is mid-sized — not boutique but not oversupplied either. The neighbourhood is popular with expat families for the international school access (Uplands International, Dalat International, Sri Utama). This is a good-value proposition for buyers who want the northern beach strip without the Batu Ferringhi remoteness and the Gurney Drive price premium. Ask me for current floor availability and view orientations.

Waterstone price list 2026

2 of 2 unit types have a published price · entry from RM1.287M · completing 2028

Type	Size (sqft)	Price from	PSF (derived)	Units	Foreign buyer
3BR	1,334–1,800	RM1.287M	~715	—	Eligible
4BR	1,800–2,195	RM1.8M	~820	—	Eligible

PSF is derived, not quoted — each row divides that type's price by its own square footage. Developers do not always state whether a published size is built-up or nett, and the two can differ by 20%. Ask for both in writing before you sign.

Developer price — the project has not completed, so there is no resale market to compare against, last checked 2026-07-29. Developers reprice between phases — confirm the current list before committing.

Foreign buyers must clear RM1M per unit (Penang island floor), then pay a state levy and a flat 8% stamp duty on top. See the true cost of buying as a foreigner.

Waterstone completion date

Waterstone is expected to complete in 2028.

Read that as the developer's target, not a guarantee. What matters contractually is the vacant possession date in your SPA — 36 months from the sale and purchase agreement for a strata title under the Housing Development Act, with liquidated damages payable if the developer misses it. A launch year quoted in marketing and the VP date you can enforce are different things, so check the SPA schedule before you plan a move-in or a tenancy.

Building specifications

Blocks: 2
Floors: 45
Total units: 365

Facilities

Olympic Lap PoolJacuzziIndoor GymOutdoor Fitness AreaBBQ PavilionChildren's PlaygroundTea HouseWiFi LoungeReading Area24-Hour Security with 3-tier CCTV

What's nearby

🏥 Healthcare

Gleneagles Hospital Penang5.0km
Penang Adventist Hospital6.0km

🎓 Schools

Dalat International School1.0km
POWIIS Tanjung Bungah1.5km
Tenby Schools Penang2.0km

🛍 Shopping

Straits Quay3.0km
Gurney Plaza4.5km

Monthly Instalment Calculator

Property Price (RM)Down Payment (%)Loan Tenure (years)Interest Rate (%)

Monthly Instalment

RM 5,198

Total Interest

RM 1,025,014

Total Outlay

RM 2,312,014

Estimates only — not an offer, quotation, or representation of the developer's actual pricing or package. Actual instalments depend on the bank's approved rate, tenure and margin of financing.

📲 Discuss financing options with Zac

Other projects in tanjung bungah

All 14 others we track here, cheapest first — all trading sub-sale.

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 397K – RM 4.4M

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 1.7M Granito @ Permai · RM 397K Mira Residence · RM 1.1M Nineten · RM 2.5M Skyhome · RM 4.4M Surin Condominium · RM 600K Springtide Residences · RM 3.8M +6 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 128,700
SPA stamp duty (tiered 1–4%)	RM 35,480
SPA legal fee	RM 13,546
MOT stamp duty (at VP) Tiered 1–4% on transfer value. Paid at Vacant Possession stage. Buyer's cost — rarely absorbed by developer.	RM 35,480
Loan stamp duty (0.5%)	RM 5,792
Loan agreement legal fee	RM 5,792
Valuation fee	RM 2,000
Search, admin, misc	RM 1,000
Gross upfront total	RM 227,789

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 13,546

Loan stamp duty absorbed

0.5% on loan amount

− RM 5,792

Loan legal fee absorbed

Loan documentation fees

− RM 5,792

MOT stamp duty absorbed

Rare — confirm with developer

—

Cash rebate3% = RM 38,610

0%5%10%

Total developer savings− RM 63,739

Net upfront (after savings)

Based on typical 2026 new launch package

RM 164,050

Estimates only, based on 2026 Penang state rules — not an offer, quotation, or representation of the developer's actual package. Actual costs vary by bank, lawyer, and case complexity. Confirm exact figures with Zac →

Frequently asked questions

Is Waterstone freehold?

Yes — freehold with residential title (confirmed via EdgeProp), developed by BSG Property in Tanjung Bungah.

When will Waterstone be completed?

Completion is targeted for 2028. It is currently selling.

What is the price range at Waterstone?

Pricing starts from about RM1.287M, at around RM810–999 psf depending on floor and facing. Ask Zac for the current price list and floor plans.

How many units does Waterstone have?

There are 365 units across two 39-storey towers, at 6 units per floor — a relatively low corridor density.

Can foreigners buy at Waterstone?

Yes. At these prices, units clear Penang Island's RM1,000,000 minimum for foreign buyers of strata property. State consent (typically 3–4 months) applies, and MM2H holders follow the same property rules. Zac can confirm eligibility for your situation.

Substitutes worth comparing

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Same area family, same property type, similar price band — what most buyers actually cross-shop.

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From RM 800K

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From RM 704K

From

RM 1.3M

Waterstone

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