Tanjung Bungah · Subsale Market
Pearl View Condominium 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.
Pearl View Condominium is a completed freehold condominium in Tanjung Bungah, Penang, completed in 1998 by Palmex Industries (IOI Group). It has 90 units. Subsale asking prices currently run about RM540–580 per sq ft (from roughly RM 758K).
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 |
|---|---|---|---|
| 3 Bedroom · 3-Bedroom — 1,400-1,450 sqft | 1,400–1,450 | RM780,000 | ~RM557 |
Zac’s Take
Zac Ong
Pearl View is a low-density freehold hillside condo in Tanjung Bungah — 90 units, completed 1998 (IOI Group's Palmex), known for 1,400 to 2,000 sq ft layouts and sea views.
My take: this is a space-buyer's older building — you get big freehold units and a quiet hillside setting at a sensible price (from around RM798K, larger units RM1.5M-plus). It's a mature block, so check the maintenance and sinking fund before committing. For a family wanting square footage over new-build shine, it's a sought-after address. Ask me what's listing.
Reviews and comparisons
- Pearl View Review 2026 — 1,400 Sq Ft of Freehold Tanjung Bungah for Under RM810K
- Surin Condominium Review 2026 — Freehold Tanjung Bungah Family Homes, Four Minutes From Dalat and Tenby
- Granito Tanjung Bungah Review 2026 — The Area's Cheapest Freehold Three-Bedroom
- Horizon Tower Review 2026 — 2,300 Sq Ft on the Tanjung Bungah Seafront, Two Homes a Floor
Available Listings
No listings currently on file. Zac may have off-market units available.
Ask Zac about availabilityWhy buy a Pearl View Condominium 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 Pearl View Condominium.
Established maintenance
The building has a track record. Ask for the management accounts, sinking fund balance and recent meeting minutes before you commit.
How Pearl View Condominium is priced within Tanjung Bungah
At roughly RM540 psf, Pearl View Condominium 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
28 years
Completed 1998
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 Pearl View Condominium
- 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.
Pearl View Condominium price 2026
What Pearl View Condominium trades at on the sub-sale market, last checked 2026-10-04.
| Asking from | RM758,000 – RM1.5M |
| PSF | RM540 – 580 |
| Built-up | 1,400 – 2,024 sqft |
| Completed | 1998 |
| Units | 90 |
Verified sub-sale asking prices. Asking is not transacted — expect movement between the two.
Recent prices. 2026 asking about RM758,000–810,000 for 1,400 sq ft homes and about RM1M–1.5M for larger homes; 90 homes (84 standard, 6 penthouses) on 3.5 acres.
The building is 28 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.
Pearl View Condominium for sale & for rent
Asking rents at Pearl View Condominium ran from about RM1,800–3,000 a month in September–October 2026, for homes of about 1,400–1,900 sq ft. Rents depend on the floor, view and furnishing, so message Zac for what is actually available to buy or rent today.
Pearl View Condominium key facts
- Developer
- Palmex Industries (IOI Group)
- Area
- Tanjung Bungah, Penang
- Type
- condominium
- Tenure
- freehold · residential
- Completed
- 1998
- Total units
- 90
- Asking PSF
- RM540–580
- Price from
- RM 758K
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
- 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
Pearl View Condominium subsale — common questions
What is the price of Pearl View Condominium?
2026 asking about RM758,000–810,000 for 1,400 sq ft homes and about RM1M–1.5M for larger homes; 90 homes (84 standard, 6 penthouses) on 3.5 acres.
Is Pearl View Condominium freehold or leasehold?
Pearl View Condominium is freehold, on a residential title. Those are two separate facts and only the first usually appears in marketing.
Can a foreigner buy at Pearl View Condominium?
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 Pearl View Condominium?
Asking rents ran from RM1,800 to RM3,000 a month in September–October 2026, for homes of about 1,400–1,900 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 Pearl View Condominium completed?
Pearl View Condominium was completed in 1998 by Palmex Industries (IOI Group), so homes here are bought from existing owners.
How big are the homes at Pearl View Condominium?
Homes range from about 1,400 to 2,024 sq ft. There are 90 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.