Tanjung Bungah Β· Subsale Market
Horizon Tower Subsale β Tanjung Bungah, Penang
Current asking prices, floor plans, and what to inspect before signing the SPA. Live subsale shortlist sent direct to your 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 RM480β660 per sq ft (from roughly RM 1.10M).
Price at a glance
Prices as at September 2026 β Subsale asking prices basis. Last checked 2026-08-11.
| Unit type | Size (sqft) | Price from | PSF from |
|---|---|---|---|
| All units | 2,300β2,400 | RM1.1M | RM480 |
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 3 months of SPA. No 36-month construction wait.
Verified surroundings
Tanjung Bungah's noise levels, traffic, neighbour mix, and JMC quality are known quantities at Horizon Tower.
Established maintenance
Sinking fund history is visible. You can read the last 12 months of JMC minutes before committing.
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 (RM513β1065 psf). That usually reflects building age, floor level, or distance from the area's prime frontage β worth checking which, because the first two are negotiable and the third is not.
vs NAPIC median
-6%
Area median RM510 psf (all residential)
Area gross yield
~4.5%
Typical for Tanjung Bungah condos
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 β 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 β 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 β Verify payment is up to date and no dues are outstanding from the seller β arrears transfer with the unit, not the person.
- 3.JMC minutes (last 12 months) β 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 β Physically walk the pool deck, lifts, lobbies, gym and parking ramps. Photograph anything concerning β it is negotiation leverage.
- 5.Management track record β 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 2026-08-11.
| Asking from | RM1.1M β RM1.58M |
| PSF | RM480 β 660 |
| Built-up | 2,300 β 2,400 sqft |
| Completed | 1988 |
| Units | 56 |
Verified sub-sale asking prices. Asking is not transacted β expect movement between the two.
What it actually sold for. Asking RM1,100,000β1,580,000. Median RM480 psf on the 2,300 sqft layout and RM660 psf on the 2,400 β 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 β the RM1M minimum is cleared. Add the state levy, a flat 8% stamp duty and 3β4 months for state consent.
Selling rather than buying? The RPGT rates and the 21B retention decide what you keep β and if you are near the five-to-six-year line, the date matters more than the price.
Horizon Tower for sale & for rent
Looking to buy or rent a unit in Horizon Tower? Asking prices and rents move with the market and with the specific unit β floor, facing, condition β so rather than quote a stale number, message Zac for the current listings and a straight read on what is realistic today.
Horizon Tower key facts
- Area
- Tanjung Bungah, Penang
- Type
- condominium
- Tenure
- freehold Β· residential
- Completed
- 1988
- Total units
- 56
- Asking PSF
- RM480β660
- Price from
- RM 1.10M
Need the full project profile? Specifications, floor plans, nearby amenities, and Zac's take on Horizon Tower:
View full Horizon Tower profile βTanjung Bungah β area snapshot
Full area guide βTanjung 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 397K β RM 4.4M
asking prices in area
Active projects
1
selling or under construction
Subsale condos
13
completed projects
Total tracked
15
properties in this area
Other projects in Tanjung Bungah
All 14 others we track here, cheapest first β 1 of them still selling.
- Granito @ PermaiRM397K
- Grand OceanRM550K
- Surin CondominiumRM600K
- Alila HorizonsRM700K
- Pearl View CondominiumRM780K
- Mira ResidenceRM1.07M
- WaterstoneRM1.29M
- Alila 2RM1.68M
- NinetenRM2.5M
- The Cove CondominiumRM2.7M
- Infinity BeachfrontRM2.7M
- 1 TanjongRM3.6M
- Springtide ResidencesRM3.8M
- SkyhomeRM4.39M
Horizon Tower subsale β common questions
What is the price of Horizon Tower?
Asking RM1,100,000β1,580,000. Median RM480 psf on the 2,300 sqft layout and RM660 psf on the 2,400 β 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. Add a state levy, a flat 8% stamp duty, and 3β4 months for state consent.
When was Horizon Tower completed?
Horizon Tower completed in 1988. Units here trade sub-sale.
How big are the units at Horizon Tower?
Built-ups run 2,300 to 2,400 sq ft. There are 56 units in total.
More on the neighbourhood:
Tanjung Bungah area guide β schools, transport, PSF, lifestyle scorecard βSubstitutes worth comparing
Open full comparison βSame area family, same property type, similar price band β what most buyers actually cross-shop.