Tanjung Bungah · Subsale Market
Horizon Tower 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.
Horizon Tower is a completed freehold condominium in Tanjung Bungah, Penang, completed in 1988. It has 56 units. Subsale asking prices currently run about RM480–660 per sq ft (from roughly RM 1.10M).
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 | 2,300–2,400 | RM1.1M | RM480 |
Zac’s Take
Zac Ong
Horizon Tower is a low-density freehold seafront building in Tanjung Bungah — just 56 units, with very large layouts (roughly 2,300 to 2,400 sq ft). It's a mature block (completed 1988), so you're buying position and space rather than new-build shine.
My take: for a buyer who wants a big freehold sea-facing unit to renovate on a quiet stretch, the value is real — transactions sit around RM1.0M to RM1.28M at a modest RM478-543 psf. Check the sinking fund and maintenance carefully given the age. Ask me what's listing.
Reviews and comparisons
- Horizon Tower Review 2026 — 2,300 Sq Ft on the Tanjung Bungah Seafront, Two Homes a Floor
- Renting in Tanjung Bungah 2026 — What Alila 2, Mira and the Seafront Condos Actually Let For
- Grand Ocean Review 2026 — A Sea View in Tanjung Bungah for Under RM750,000
- Pearl View Review 2026 — 1,400 Sq Ft of Freehold Tanjung Bungah for Under RM810K
Available Listings
No listings currently on file. Zac may have off-market units available.
Ask Zac about availabilityWhy buy a Horizon Tower 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 Horizon Tower.
Established maintenance
The building has a track record. Ask for the management accounts, sinking fund balance and recent meeting minutes before you commit.
How Horizon Tower is priced within Tanjung Bungah
At roughly RM480 psf, Horizon Tower 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
-6%
Area median RM510 psf (all residential)
Building age
38 years
Completed 1988
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 Horizon Tower 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.
Horizon Tower price 2026
What Horizon Tower trades at on the sub-sale market, last checked 2026-10-04.
| Asking from | RM1.1M – RM1.6M |
| PSF | RM480 – 660 |
| Built-up | 2,300 – 2,400 sqft |
| Completed | 1988 |
| Units | 56 |
Verified sub-sale asking prices. Asking is not transacted — expect movement between the two.
Recent prices. Asking RM1,100,000–1,580,000. Median RM480 psf on the 2,300 sqft layout and RM660 psf on the 2,400 — the larger unit carries the higher rate, which is unusual and worth asking about.
The building is 38 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. 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.
Horizon Tower for sale & for rent
Asking rents at Horizon Tower ran from about RM3,200–5,000 a month in September–October 2026, for homes of about 2,300 sq ft. Rents depend on the floor, view and furnishing, so message Zac for what is actually available to buy or rent today.
Horizon Tower key facts
- Area
- Tanjung Bungah, Penang
- Type
- condominium
- Tenure
- freehold · residential
- Completed
- 1988
- Total units
- 56
- Asking PSF
- RM480–660
- Price from
- RM 1.10M
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
- WaterstoneRM1.29M
- Alila 2RM1.68M
- Infinity BeachfrontRM2.3M
- NinetenRM2.5M
- The Cove CondominiumRM2.7M
- 1 TanjongRM2.8M
- Springtide ResidencesRM3.8M
- SkyhomeRM4.7M
Horizon Tower subsale — common questions
What is the price of Horizon Tower?
Asking RM1,100,000–1,580,000. Median RM480 psf on the 2,300 sqft layout and RM660 psf on the 2,400 — the larger unit carries the higher rate, which is unusual and worth asking about.
Is Horizon Tower freehold or leasehold?
Horizon Tower is freehold, on a residential title. Those are two separate facts and only the first usually appears in marketing.
Can a foreigner buy at Horizon Tower?
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 Horizon Tower?
Asking rents ran from RM3,200 to RM5,000 a month in September–October 2026, for homes of about 2,300 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 Horizon Tower completed?
Horizon Tower was completed in 1988, so homes here are bought from existing owners.
How big are the homes at Horizon Tower?
Homes range from about 2,300 to 2,400 sq ft. There are 56 homes in total.
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.