Tanjung Bungah · Subsale Market
Skyhome 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.
Skyhome is a completed freehold condominium in Tanjung Bungah, Penang, completed in 2010 by Giant Resorts (Tanjung) Sdn. Bhd.. It has 52 units. Subsale asking prices currently run about RM760–825 per sq ft, with the typical unit asking around RM 4.80M (from roughly RM 4.70M).
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 | 6,300–12,600 | RM4.7M | RM760 |
Zac’s Take
Zac Ong
Skyhome is a boutique freehold tower in Tanjung Bungah — just 52 units (47 standard plus 5 penthouses), developed by Giant Resorts, completed in 2010. The units are enormous: standard layouts around 6,300 sqft, penthouses near 12,300 sqft.
That scale is why the psf reads low (about RM635–817) against a RM4.7M-plus entry — this is space-buying, not psf-buying. It's one of the larger-format luxury residences on the Tanjung Bungah stretch.
My take: Skyhome is for a buyer who wants sheer floor area and a low-neighbour-count building over a modern amenity deck. It's a mature building now, so check the maintenance and sinking fund carefully. For the right buyer wanting a very large sea-side home, few buildings offer this footprint. Ask me what's available and the JMC health.
Reviews and comparisons
Available Listings
No listings currently on file. Zac may have off-market units available.
Ask Zac about availabilityWhy buy a Skyhome 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 Skyhome.
Established maintenance
The building has a track record. Ask for the management accounts, sinking fund balance and recent meeting minutes before you commit.
How Skyhome is priced within Tanjung Bungah
At roughly RM760 psf, Skyhome 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
+49%
Area median RM510 psf (all residential)
Building age
16 years
Completed 2010
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 Skyhome
- 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.
Skyhome price 2026
What Skyhome trades at on the sub-sale market, last checked 2026-10-04.
| Asking from | RM4.7M – RM8M |
| PSF | RM760 – 825 |
| Built-up | 6,300 – 12,600 sqft |
| Completed | 2010 |
| Units | 52 |
Verified sub-sale asking prices. Asking is not transacted — expect movement between the two.
The building is 16 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. 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.
Skyhome for sale & for rent
Asking rents at Skyhome ran from about RM8,000–16,000 a month in September–October 2026, for homes of about 6,300 sq ft. Rents depend on the floor, view and furnishing, so message Zac for what is actually available to buy or rent today.
Skyhome key facts
- Developer
- Giant Resorts (Tanjung) Sdn. Bhd.
- Area
- Tanjung Bungah, Penang
- Type
- condominium
- Tenure
- freehold
- Completed
- 2010
- Total units
- 52
- Asking PSF
- RM760–825
- Price from
- RM 4.70M
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 3.8M
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
- Horizon TowerRM1.1M
- WaterstoneRM1.29M
- Alila 2RM1.68M
- Infinity BeachfrontRM2.3M
- NinetenRM2.5M
- The Cove CondominiumRM2.7M
- 1 TanjongRM2.8M
- Springtide ResidencesRM3.8M
Skyhome subsale — common questions
What is the price of Skyhome?
Skyhome runs RM4,700,000 to RM8,000,000. These are verified sub-sale asking prices, not transacted figures — expect movement between the two. That works out to about RM760–825 per square foot. Checked 2026-10-04.
Is Skyhome freehold or leasehold?
Skyhome is freehold. I have not been able to confirm the land title class — check it with the developer, because a commercial title changes your utility tariffs and loan margin.
Can a foreigner buy at Skyhome?
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 Skyhome?
Asking rents ran from RM8,000 to RM16,000 a month in September–October 2026, for homes of about 6,300 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 Skyhome completed?
Skyhome was completed in 2010 by Giant Resorts (Tanjung) Sdn. Bhd., so homes here are bought from existing owners.
How big are the homes at Skyhome?
Homes range from about 6,300 to 12,600 sq ft. There are 52 homes in total.
Why is the PSF low for a RM4.7M unit?
Because the units are very large — standard layouts around 6,300 sqft and penthouses near 12,300 sqft. You are paying for floor area, so the per-square-foot figure looks modest.
What should I check before buying at Skyhome?
As a building completed in 2010, verify the sinking fund health, maintenance track record, and common-area condition. Ask Zac to help review the JMC records.
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.