Tanjung Bungah · Subsale Market
Mira Residence 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.
Mira Residence is a completed freehold condominium in Tanjung Bungah, Penang, completed in 2016 by BSG Property. Subsale asking prices currently run about RM734–979 per sq ft, with the typical unit asking around RM 1.40M (from roughly RM 850K).
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 | 1,352–3,642 | RM850,000 | RM734 |
Zac’s Take
Zac Ong
Mira Residence is BSG Property's completed pair of 32-storey towers in the Permai Village part of Tanjung Bungah, finished in 2016: 376 freehold homes on residential title, with just six homes per floor, five lifts per tower and 10 ft ceilings.
Layouts run from about 1,352 sq ft three-bedroom-plus-study homes up to duplexes of about 3,642 sq ft, and listings in late 2026 ranged from about RM850,000 to RM2.15M. The 1,635 sq ft layout is the sweet spot for most families. Service charges are about RM0.30 per sq ft.
It's the finished, more affordable alternative to Alila 2 nearby and to the Waterstone launch by the same developer. Foreign buyers need a unit priced at RM1M or more, which rules out some of the smaller homes. The duplexes usually come bare, so budget for fitting them out, and ask me which units have the clearest sea view, because facing makes a big difference here.
Reviews and comparisons
- Mira Residence Review 2026 — A Finished, Family-Sized Condo in Tanjung Bungah
- Waterstone vs Mira Residence 2026 — New or Finished, from the Same Developer in Tanjung Bungah
- 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
- Alila 2 vs Waterstone vs Mira Residence 2026 — Choosing a Tanjung Bungah Hillside Condo
- 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 a Mira Residence 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 Mira Residence.
Established maintenance
The building has a track record. Ask for the management accounts, sinking fund balance and recent meeting minutes before you commit.
How Mira Residence is priced within Tanjung Bungah
At roughly RM734 psf, Mira Residence sits mid-band for Tanjung Bungah (RM460–1050 psf). This is the range where unit-specific factors — floor, view, renovation, facing — matter more than the address itself when you negotiate.
vs NAPIC median
+44%
Area median RM510 psf (all residential)
Building age
10 years
Completed 2016
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 Mira Residence
- 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.
Mira Residence price 2026
What Mira Residence trades at on the sub-sale market, last checked 2026-10-12.
| Asking from | RM850,000 – RM2.15M |
| PSF | RM734 – 979 |
| Built-up | 1,352 – 3,642 sqft |
| Completed | 2016 |
Verified sub-sale asking prices. Asking is not transacted — expect movement between the two.
The building is 10 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.
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.
Mira Residence for sale & for rent
Asking rents at Mira Residence ran from about RM3,500–4,800 a month in September–October 2026, for homes of 1,352–1,635 sq ft, furnished at the upper end. Rents depend on the floor, view and furnishing, so message Zac for what is actually available to buy or rent today.
Mira Residence key facts
- Developer
- BSG Property
- Area
- Tanjung Bungah, Penang
- Type
- condominium
- Tenure
- freehold · residential
- Completed
- 2016
- Asking PSF
- RM734–979
- Price from
- RM 850K
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
- 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
Mira Residence subsale — common questions
What is the price of Mira Residence?
Mira Residence runs RM850,000 to RM2,150,000. These are verified sub-sale asking prices, not transacted figures — expect movement between the two. That works out to about RM734–979 per square foot. Checked 2026-10-12.
Is Mira Residence freehold or leasehold?
Mira Residence is freehold, on a residential title. Those are two separate facts and only the first usually appears in marketing.
Can a foreigner buy at Mira Residence?
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 Mira Residence?
Asking rents ran from RM3,500 to RM4,800 a month in September–October 2026, for homes of 1,352–1,635 sq ft, furnished at the upper end. 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 Mira Residence completed?
Mira Residence was completed in 2016 by BSG Property, so homes here are bought from existing owners.
How big are the homes at Mira Residence?
Homes range from about 1,352 to 3,642 sq ft.
Are the duplex units fitted out?
The duplexes typically come bare, so budget RM200K or more for renovation if you are looking at those units.
What makes Mira Residence low-density?
Only 6 units per floor across two 32-storey towers, with 10ft ceilings — noticeably lower area density than mass-market towers.
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.