Tanjung Bungah · Subsale Market
Grand Ocean 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.
Grand Ocean is a completed freehold condominium in Tanjung Bungah, Penang, completed in 2000 by Taman Ratu Sdn Bhd. It has 96 units. Subsale asking prices currently run about RM520–700 per sq ft (from roughly RM 540K).
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 | 1,033–5,100 | RM540,000 | RM520 |
Zac’s Take
Zac Ong
Grand Ocean is a freehold seafront condominium on Jalan Tanjung Bungah, completed in 2000: a single tower of 96 homes, with standard units of about 1,033–1,248 sq ft and penthouses of around 5,100 sq ft.
Standard homes were listed at roughly RM540,000–730,000 in 2026, around RM520–560 per sq ft, which is low for a building on the water. Penthouses run higher, up to about RM1.6M.
It suits buyers who want a sea view in Tanjung Bungah on a modest budget, and are happy with an older building. At 26 years old, ask for the management accounts and the sinking fund balance before you buy. Standard units are below the RM1M foreign-buyer minimum; only the penthouses may clear it.
Reviews and comparisons
Available Listings
No listings currently on file. Zac may have off-market units available.
Ask Zac about availabilityWhy buy a Grand Ocean 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 Grand Ocean.
Established maintenance
The building has a track record. Ask for the management accounts, sinking fund balance and recent meeting minutes before you commit.
How Grand Ocean is priced within Tanjung Bungah
At roughly RM520 psf, Grand Ocean 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
+2%
Area median RM510 psf (all residential)
Building age
26 years
Completed 2000
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.
5 things to check before signing the Grand Ocean SPA
- 1.Sinking fund health — Confirm the current balance and whether any special assessment is pending in the next 12 months. A thin sinking fund on an ageing building means you inherit the bill.
- 2.Last 3 maintenance billings — Verify payment is up to date and no dues are outstanding from the seller — arrears transfer with the unit, not the person.
- 3.JMC minutes (last 12 months) — Look for recurring complaints, structural concerns, or planned major works. This is the single most revealing document most buyers never ask for.
- 4.Common-area condition — Physically walk the pool deck, lifts, lobbies, gym and parking ramps. Photograph anything concerning — it is negotiation leverage.
- 5.Management track record — Ask who manages the building and how long they have held the contract. Frequent turnover of managing agents usually signals a difficult JMB.
Grand Ocean price 2026
What Grand Ocean trades at on the sub-sale market, last checked 2026-10-04.
| Asking from | RM540,000 – RM1.6M |
| PSF | RM520 – 700 |
| Built-up | 1,033 – 5,100 sqft |
| Completed | 2000 |
| Units | 96 |
Verified sub-sale asking prices. Asking is not transacted — expect movement between the two.
The building is 26 years old. At this age the questions are the sinking fund, whether the management corporation has done a major refurbishment, and how much lift and waterproofing work is still ahead. Ask for two years of MC accounts before you offer.
A foreign buyer can purchase here — the RM1M minimum is cleared by the larger units, though not at the entry price. 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.
Grand Ocean for sale & for rent
Asking rents at Grand Ocean ran from about RM1,700–2,300 a month in September–October 2026, for furnished three-bedroom homes of about 1,033–1,248 sq ft. Rents depend on the floor, view and furnishing, so message Zac for what is actually available to buy or rent today.
Grand Ocean key facts
- Developer
- Taman Ratu Sdn Bhd
- Area
- Tanjung Bungah, Penang
- Type
- condominium
- Tenure
- freehold · residential
- Completed
- 2000
- Total units
- 96
- Asking PSF
- RM520–700
- Price from
- RM 540K
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
- Surin CondominiumRM618K
- The Straits RegencyRM680K
- Alila HorizonsRM700K
- 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
Grand Ocean subsale — common questions
What is the price of Grand Ocean?
Grand Ocean runs RM540,000 to RM1,600,000. These are verified sub-sale asking prices, not transacted figures — expect movement between the two. That works out to about RM520–700 per square foot. Checked 2026-10-04.
Is Grand Ocean freehold or leasehold?
Grand Ocean is freehold, on a residential title. Those are two separate facts and only the first usually appears in marketing.
Can a foreigner buy at Grand Ocean?
Yes, on the larger units. Penang Island sets a RM1,000,000 minimum for foreign buyers of strata property, which the entry price does not clear. MM2H participants have a lower minimum of RM500,000 (residential, up to two homes), which opens the cheaper units too. Add the state levy, a flat 8% stamp duty, and 3–4 months for state consent.
How much is the rent at Grand Ocean?
Asking rents ran from RM1,700 to RM2,300 a month in September–October 2026, for furnished three-bedroom homes of about 1,033–1,248 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 Grand Ocean completed?
Grand Ocean was completed in 2000 by Taman Ratu Sdn Bhd, so homes here are bought from existing owners.
How big are the homes at Grand Ocean?
Homes range from about 1,033 to 5,100 sq ft. There are 96 homes in total.
Is Grand Ocean good for rental?
Its low density and sea-view position give it solid rental appeal in Tanjung Bungah — a reliable own-stay or 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.