Tanjung Bungah · Subsale Market
Alila 2 Subsale — Tanjung Bungah, Penang
Current asking prices, Zac's honest take, and what to check before you buy. Ask for the current shortlist on WhatsApp.
Alila 2 is a completed freehold condominium in Tanjung Bungah, Penang, completed in 2018 by Nilai Arif Sdn. Bhd. (Hunza Group). It has 270 units. Subsale asking prices currently run about RM880–1150 per sq ft, with the typical unit asking around RM 2.25M (from roughly RM 1.68M).
Price at a glance
Prices as at November 2026 — Subsale asking prices basis. Last checked 2026-10-04.
| Unit type | Size (sqft) | Price from | PSF from |
|---|---|---|---|
| All units | 1,900–5,789 | RM1.68M | RM880 |
Zac’s Take
Zac Ong
Alila 2 is the Hunza group's freehold condominium on a 9.8-acre hillside in Lembah Permai, Tanjung Bungah, about 223 ft above sea level. The developer says 47% of the site is trees and gardens and that over RM12 million went into the landscaping, and it shows: this is one of the greenest condo sites on Penang Island, with sea views on one side and hill views on the other.
Homes are large, from 1,905 sq ft up to duplex penthouses, across 270 units in two towers of 33 and 34 storeys. Asking prices in late 2026 start around RM1.68M. It suits UK and other foreign buyers, retirees and Tenby or Dalat families who want space, quiet and greenery.
The catch is the hill: it's a driving location, not one where you walk to the beach or the shops. And not every 'sea view' unit sees the sea cleanly, so ask me which units have the open view before you shortlist.
Reviews and comparisons
- Alila 2 Review 2026 — Tanjung Bungah's Garden Condo with Sea and Hill Views
- Alila 2 vs Waterstone vs Mira Residence 2026 — Choosing a Tanjung Bungah Hillside Condo
- Mira Residence vs Alila 2 (2026) — Two Finished Hillside Condos in Tanjung Bungah
- Renting in Tanjung Bungah 2026 — What Alila 2, Mira and the Seafront Condos Actually Let For
- Waterstone vs Mira Residence 2026 — New or Finished, from the Same Developer in Tanjung Bungah
- Best Condos in Tanjung Bungah 2026 — A Friendly Guide for Foreign Buyers and Families
Available Listings
No listings currently on file. Zac may have off-market units available.
Ask Zac about availabilityWhy buy an Alila 2 subsale (vs a new launch elsewhere)
Immediate occupancy
Move in within months, not years. Most resales complete in four to six months, a little longer if you need state consent as a foreign buyer.
Verified surroundings
Tanjung Bungah's noise levels, traffic, neighbour mix, and JMC quality are known quantities at Alila 2.
Established maintenance
The building has a track record. Ask for the management accounts, sinking fund balance and recent meeting minutes before you commit.
How Alila 2 is priced within Tanjung Bungah
At roughly RM880 psf, Alila 2 prices toward the upper end of Tanjung Bungah's condo band (RM460–1050 psf). Expect to justify that with something concrete: sea view, low density, branded management, or a genuinely superior position within the area.
vs NAPIC median
+73%
Area median RM510 psf (all residential)
Building age
8 years
Completed 2018
PSF bands are area-level indicative ranges from our own tracking, cross-checked against NAPIC/JPPH and Brickz transaction data — see the Penang Price Index. Unit-level pricing varies with floor, view and renovation; ask Zac for the actual transacted comparables in this building.
The Alila 2 pre-purchase checklist
- 1.Remaining lease (if leasehold) — Ask for the exact expiry year. Banks tighten lending as the remaining term shortens, which affects both your loan and your future buyer's.
- 2.Outstanding charges and caveats — Your lawyer should run a full land search for caveats, charges or restrictions in interest before you release any deposit.
- 3.Genuine transacted comparables — Ask for recent transacted prices in the same block, not asking prices. Asking prices tell you what sellers hope for, not what the market pays.
- 4.Exit tax position — Model your RPGT before you buy, not when you sell. Holding period changes the maths substantially, especially for foreign owners.
- 5.Vacant possession terms — Agree in writing what stays — air-conditioners, built-ins, curtains, lights. Fixture disputes at handover are entirely avoidable.
Alila 2 price 2026
What Alila 2 trades at on the sub-sale market, last checked 2026-10-04.
| Asking from | RM1.68M – RM3.08M |
| PSF | RM880 – 1150 |
| Built-up | 1,900 – 5,789 sqft |
| Completed | 2018 |
| Units | 270 |
Verified sub-sale asking prices. Asking is not transacted — expect movement between the two.
The building is 8 years old. Still young. The defects liability period has long expired, so anything outstanding is now the management corporation’s problem and, through the sinking fund, partly yours. Check what was actually rectified.
A foreign buyer can purchase here — the RM1M minimum is cleared. Add the state levy, a flat 8% stamp duty and 3–4 months for state consent.
Selling rather than buying? The RPGT rates and the 21B retention decide what you keep — and if you are near the five-to-six-year line, the date matters more than the price.
Alila 2 for sale & for rent
Asking rents at Alila 2 ran from about RM6,000–8,200 a month in September–October 2026, mostly furnished homes of 1,905–2,397 sq ft. Rents depend on the floor, view and furnishing, so message Zac for what is actually available to buy or rent today.
Alila 2 key facts
- Developer
- Nilai Arif Sdn. Bhd. (Hunza Group)
- Area
- Tanjung Bungah, Penang
- Type
- condominium
- Tenure
- freehold · residential
- Completed
- 2018
- Total units
- 270
- Asking PSF
- RM880–1150
- Price from
- RM 1.68M
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
1
selling or under construction
Subsale condos
14
completed projects
Total tracked
16
properties in this area
Other projects in Tanjung Bungah
All 15 others we track here, cheapest first — 1 of them still selling.
- Granito @ PermaiRM435K
- Grand OceanRM540K
- Surin CondominiumRM618K
- The Straits RegencyRM680K
- Alila HorizonsRM700K
- Pearl View CondominiumRM758K
- Mira ResidenceRM850K
- Horizon TowerRM1.1M
- WaterstoneRM1.29M
- Infinity BeachfrontRM2.3M
- NinetenRM2.5M
- The Cove CondominiumRM2.7M
- 1 TanjongRM2.8M
- Springtide ResidencesRM3.8M
- SkyhomeRM4.7M
Alila 2 subsale — common questions
What is the price of Alila 2?
Alila 2 runs RM1,680,000 to RM3,080,000. These are verified sub-sale asking prices, not transacted figures — expect movement between the two. That works out to about RM880–1,150 per square foot. Checked 2026-10-04.
Is Alila 2 freehold or leasehold?
Alila 2 is freehold, on a residential title. Those are two separate facts and only the first usually appears in marketing.
Can a foreigner buy at Alila 2?
Yes. Penang Island sets a RM1,000,000 minimum for foreign buyers of strata property. Add the state levy, a flat 8% stamp duty, and 3–4 months for state consent.
How much is the rent at Alila 2?
Asking rents ran from RM6,000 to RM8,200 a month in September–October 2026, mostly furnished homes of 1,905–2,397 sq ft. These are asking rents on the main property portals, not signed leases. Short-term holiday letting isn't allowed in condos on Penang Island, so think in one- or two-year tenancies.
When was Alila 2 completed?
Alila 2 was completed in 2018 by Nilai Arif Sdn. Bhd. (Hunza Group), so homes here are bought from existing owners.
How big are the homes at Alila 2?
Homes range from about 1,900 to 5,789 sq ft. There are 270 homes in total.
Is Alila 2 a good investment?
It's best as a long-term home rather than a short-term profit play. Furnished homes let for roughly RM6,000–8,200 a month, around 4–5% gross on current prices, mainly to families at the nearby international schools. It's a hillside location, so expect to drive rather than walk to the beach and shops, and short-term holiday letting isn't allowed in condos on Penang Island.
More on the neighbourhood:
Tanjung Bungah area guide — schools, transport, PSF, lifestyle scorecard →Substitutes worth comparing
Open full comparison →Same area family, same property type, similar price band — what most buyers actually cross-shop.