BSG Property
Waterstone
Jalan Loh Poh Heng, Tanjung Bungah
From
RM 1.29M
Completion 2028
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 November 2026 — Developer prices basis. Last checked 2026-10-09. The project has not completed — no resale market yet.
| Unit type | Size (sqft) | Price from | PSF from |
|---|---|---|---|
| 3BR | 1,334–1,800 | RM1.287M | ~RM965 |
| 4BR | 1,800–2,195 | RM1.8M | ~RM1,000 |
Zac’s Take
Zac Ong
Waterstone is BSG Property's freehold condominium on the hillside off Jalan Loh Poh Heng in Tanjung Bungah: two 45-storey towers with 365 homes and only six homes per floor, due in 2028.
Homes are family-sized at about 1,334 to 2,195 sq ft, priced from about RM1.287M for a three-bedroom. The higher floors look out to sea.
It suits families who want a new, low-density home near the international schools in Tanjung Bungah, at a lower price per sq ft than the seafront towers in Gurney. Foreign buyers can buy every unit, since the entry price clears the RM1M island minimum, and units from RM1M to RM1.5M carry the lower 1.5% state levy. The trade-off is the wait for completion and the drive into George Town.
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 2026-10-09. 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
What's nearby
🏥 Healthcare
- Gleneagles Hospital Penang
- Penang Adventist Hospital
🎓 Schools
- Dalat International School
- Tenby International School Penang
🛍 Shopping
- Straits Quay
- Gurney Plaza
Monthly Instalment Calculator
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 ZacOther projects in tanjung bungah
All 15 others we track here, cheapest first — all trading sub-sale.
- Granito @ PermaiRM435K
- Grand OceanRM540K
- Surin CondominiumRM618K
- The Straits RegencyRM680K
- Alila HorizonsRM700K
- Pearl View CondominiumRM758K
- Mira ResidenceRM850K
- Horizon TowerRM1.1M
- Alila 2RM1.68M
- Infinity BeachfrontRM2.3M
- NinetenRM2.5M
- The Cove CondominiumRM2.7M
- 1 TanjongRM2.8M
- Springtide ResidencesRM3.8M
- SkyhomeRM4.7M
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 435K – RM 4.7M
asking prices in area
Active projects
0
selling or under construction
Subsale condos
15
completed projects
Total tracked
16
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 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.
Net upfront (after savings)
Based on typical 2026 new launch package
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
What is the price of Waterstone?
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Is Waterstone freehold or leasehold?
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Can a foreigner buy at Waterstone?
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When will Waterstone be completed?
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How big are the homes at Waterstone?
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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 1.3M
Waterstone