Tanjung Bungah · Subsale Market
Alila Horizons 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 Horizons is a completed freehold condominium in Tanjung Bungah, Penang, completed in 2008 by Hunza Properties Berhad. It has 256 units. Subsale asking prices currently run about RM516–643 per sq ft, with the typical unit asking around RM 825K (from roughly RM 700K).
Price at a glance
Prices as at November 2026 — Subsale asking prices basis. Last checked 2026-10-12.
| Unit type | Size (sqft) | Price from | PSF from |
|---|---|---|---|
| All units | 1,356–1,450 | RM700,000 | RM516 |
Zac’s Take
Zac Ong
Nobody buys Alila Horizons for the address or the view — they buy it because the rental maths works, which in Tanjung Bungah is rarer than it sounds. The area yields about 4.5% gross on roughly RM2,200 monthly rents, but most stock here asks RM1.45M to RM4.75M, where that yield is theoretical because rent does not scale with price. At a typical RM825,000 for 1,356–1,450 sqft, it does apply. Expect 3–3.5% net after fees and vacancy, not 4.5%. The tenant base is families, local professionals and long-stay expatriates rather than tourists — twelve-month leases instead of Batu Ferringhi's seasonal short-let. Boring, and that is the point. The catch is age. Completed 2008, so lifts, waterproofing and façade are live questions across 256 units. Hunza manages reasonably, but ask for the sinking fund balance and any special levy history before you commit. Also note every unit sits below the RM1,000,000 foreign threshold — this is a domestic-buyer building.
Reviews and comparisons
Available Listings
No listings currently on file. Zac may have off-market units available.
Ask Zac about availabilityWhy buy an Alila Horizons 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 Horizons.
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 Horizons is priced within Tanjung Bungah
At roughly RM516 psf, Alila Horizons sits toward the value end of Tanjung Bungah's condo band (RM460–1050 psf). That usually reflects building age, floor level, or distance from the area's prime frontage — worth checking which, because the first two are negotiable and the third is not.
vs NAPIC median
+1%
Area median RM510 psf (all residential)
Building age
18 years
Completed 2008
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.
What to inspect before you commit at Alila Horizons
- 1.Internal pipes and electrical — For buildings past the ten-year mark, ask for a recent plumbing inspection. Full repiping is a five-figure cost you do not want to discover after VP.
- 2.Waterproofing and ceiling stains — Check bathroom floors, balcony thresholds and the ceiling directly under any upstairs wet area. Old stains that were painted over will reappear.
- 3.Lift modernisation status — Lifts have a service life. Ask whether modernisation has been done or is being planned — it is one of the largest special assessments a JMB can raise.
- 4.Original vs renovated layout — Confirm any structural alteration by a previous owner was approved. Unapproved hacking can complicate financing and your own future resale.
- 5.Actual unit orientation — Visit at the time of day you would normally be home. Afternoon west sun in Penang changes both comfort and your electricity bill.
Alila Horizons price 2026
What Alila Horizons trades at on the sub-sale market, last checked 2026-10-12.
| Asking from | RM700,000 – RM900,000 |
| PSF | RM516 – 643 |
| Built-up | 1,356 – 1,450 sqft |
| Completed | 2008 |
| Units | 256 |
Verified sub-sale asking prices. Asking is not transacted — expect movement between the two.
The building is 18 years old. Old enough that the sinking fund and the state of common property matter more than the finishes. Ask for the MC accounts and the last AGM minutes — arrears across the building are the number that predicts your future maintenance bill.
Every unit here sits below the RM1M foreign-buyer minimum, so this building is open to Malaysian and PR buyers only.
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 Horizons for sale & for rent
Asking rents at Alila Horizons ran from about RM2,000–3,000 a month in September–October 2026, for homes of 1,356–1,450 sq ft. Rents depend on the floor, view and furnishing, so message Zac for what is actually available to buy or rent today.
Alila Horizons key facts
- Developer
- Hunza Properties Berhad
- Area
- Tanjung Bungah, Penang
- Type
- condominium
- Tenure
- freehold · residential
- Completed
- 2008
- Total units
- 256
- Asking PSF
- RM516–643
- Price from
- RM 700K
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
- Pearl View CondominiumRM758K
- Mira ResidenceRM850K
- Horizon TowerRM1.1M
- WaterstoneRM1.29M
- Alila 2RM1.68M
- Infinity BeachfrontRM2.3M
- NinetenRM2.5M
- The Cove CondominiumRM2.7M
- 1 TanjongRM2.8M
- Springtide ResidencesRM3.8M
- SkyhomeRM4.7M
Alila Horizons subsale — common questions
What is the price of Alila Horizons?
Alila Horizons runs RM700,000 to RM900,000. These are verified sub-sale asking prices, not transacted figures — expect movement between the two. That works out to about RM516–643 per square foot. Checked 2026-10-12.
Is Alila Horizons freehold or leasehold?
Alila Horizons 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 Horizons?
Yes, if you are on MM2H. MM2H participants can buy residential property in Penang from RM500,000 (up to two homes), and Alila Horizons is priced above that. Other foreign buyers need RM1,000,000 for strata property on the island, which homes here do not reach. Add the state levy, a flat 8% stamp duty, and 3–4 months for state consent.
How much is the rent at Alila Horizons?
Asking rents ran from RM2,000 to RM3,000 a month in September–October 2026, for homes of 1,356–1,450 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 Horizons completed?
Alila Horizons was completed in 2008 by Hunza Properties Berhad, so homes here are bought from existing owners.
How big are the homes at Alila Horizons?
Homes range from about 1,356 to 1,450 sq ft. There are 256 homes in total.
Is Alila Horizons good for rental?
Yes — it has consistent expat and long-stay rental demand, and Hunza buildings are generally well managed, making it a reliable yield play.
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.