Tanjung Bungah · Subsale Market
Ratu Mutiara Subsale — Tanjung Bungah, Penang
Current asking prices, floor plans, and what to inspect before signing the SPA. Live subsale shortlist sent direct to your WhatsApp.
Ratu Mutiara is a completed freehold landed development in Tanjung Bungah, Penang, completed in 1998 by Taman Ratu. It has 20 units. Subsale asking prices currently run about RM393–567 per sq ft (from roughly RM 2.38M).
Available Listings
No listings currently on file. Zac may have off-market units available.
Ask Zac about availabilityWhy buy a Ratu Mutiara 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 Ratu Mutiara.
Established maintenance
Sinking fund history is visible. You can read the last 12 months of JMC minutes before committing.
5 things to check before signing the Ratu Mutiara SPA
- 1.Sinking fund health — confirm the current balance and whether any special assessment is pending in the next 12 months.
- 2.Last 3 maintenance billings — verify payment is up to date and there are no outstanding dues from the seller.
- 3.JMC minutes (last 12 months) — look for recurring complaints, structural concerns, or planned major works.
- 4.Common-area condition — physically walk the pool deck, lifts, lobbies, gym, and parking ramps. Photo anything concerning for negotiation leverage.
- 5.Internal pipes + electrical — for buildings 10+ years old, ask for a recent plumbing inspection report. Pipe replacement is a five-figure capex you don't want to discover post-VP.
Ratu Mutiara key facts
- Developer
- Taman Ratu
- Area
- Tanjung Bungah, Penang
- Type
- landed
- Tenure
- freehold
- Completed
- 1998
- Total units
- 20
- Asking PSF
- RM393–567
- Price from
- RM 2.38M
Need the full project profile? Specifications, floor plans, nearby amenities, and Zac's take on Ratu Mutiara:
View full Ratu Mutiara profile →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 488K – RM 4.7M
asking prices in area
Active projects
2
selling or under construction
Subsale condos
14
completed projects
Total tracked
18
properties in this area
Ratu Mutiara subsale — common questions
Where is Ratu Mutiara located?
Ratu Mutiara is in Tanjung Bungah, Penang, developed by Taman Ratu and completed in 1998.
Is Ratu Mutiara freehold or leasehold?
Ratu Mutiara is freehold.
How much is a Ratu Mutiara unit?
Subsale asking prices at Ratu Mutiara start from roughly RM 2.38M (about RM393–567 psf), varying by floor, view and renovation. WhatsApp Zac for the current shortlist.
What's the typical asking price for a Ratu Mutiara subsale unit?
Subsale asking prices at Ratu Mutiara vary by unit floor, view, and renovation level. The most accurate current figures come from active listings — WhatsApp Zac for the live shortlist with prices and floor plans for available units.
Is Ratu Mutiara a good buy in the subsale market?
Ratu Mutiara in Tanjung Bungah is a completed building, which means immediate occupancy, verifiable neighbour quality, established maintenance fees, and a known JMC track record. The case for subsale here is no construction risk and a proven location — versus paying a new-launch premium for an unbuilt unit.
What should I check before signing a subsale SPA at Ratu Mutiara?
Five things to verify: (1) sinking fund health and any pending special assessments, (2) last 3 maintenance billings and how strict collection is, (3) JMC meeting minutes for the last 12 months, (4) common-area condition (pool, lifts, lobbies), (5) structural age of internal pipes (especially for buildings 10+ years old). Ask the listing agent to provide these as part of the offer process.
Can foreigners buy a Ratu Mutiara subsale unit?
Yes, subject to Penang state minimums (RM 1,000,000 for stratified properties on Penang Island; RM 600,000 on the mainland) and state consent (typically 2-4 months processing). MM2H holders are treated the same as other foreign buyers for property purchase rules.
How long does a subsale purchase at Ratu Mutiara take?
Typical timeline: 2-3 weeks from offer acceptance to SPA signing, then 3 months to completion (90-day SPA period). Faster than a new launch because no construction wait. Plan for stamp duty + legal fees (~3-4% of purchase price) at completion.
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.