Tanjung Bungah · Subsale Market
Springtide Residences 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.
Springtide Residences is a completed freehold condominium in Tanjung Bungah, Penang, completed in 2009 by Coronation Springs Sdn Bhd. It has 77 units. Subsale asking prices currently run about RM920–1053 per sq ft (from roughly RM 3.80M).
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 |
|---|---|---|---|
| 4 Bedroom Sky Home · 4-Bedroom Sky Home — 4,112-4,500 sqft | 4,112–4,500 | RM3.8M | ~RM924 |
Zac’s Take
Zac Ong
Springtide is one of the landmark seafront luxury addresses on the Tanjung Bungah coast — freehold, just 77 units (74 apartments plus 3 villas), completed 2009, with full sea-view layouts that run very large.
My take: this is a trophy own-stay or a blue-chip hold. Asking runs about RM920–1,053 psf, from around RM3.8M into the RM4M-plus range. Low unit count means it rarely lists and the right stack matters. Tell me your size and floor and I'll watch for it.
Reviews and comparisons
- Springtide Residences Review 2026 — Freehold Seafront, 77 Units, and a 2009 Build at the Strip's Top PSF
- Best Condos in Tanjung Bungah 2026 — A Friendly Guide for Foreign Buyers and Families
- Nineten Review 2026 — Forty Freehold Bungalows in Permai Village, Tanjung Bungah
- The Cove Condominium Review 2026 — Why RM450 psf Isn't a Bargain
Available Listings
No listings currently on file. Zac may have off-market units available.
Ask Zac about availabilityWhy buy a Springtide Residences 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 Springtide Residences.
Established maintenance
The building has a track record. Ask for the management accounts, sinking fund balance and recent meeting minutes before you commit.
How Springtide Residences is priced within Tanjung Bungah
At roughly RM920 psf, Springtide Residences prices toward the upper end of Tanjung Bungah's condo band (RM460–1050 psf). Expect to justify that with something concrete: sea view, low density, branded management, or a genuinely superior position within the area.
vs NAPIC median
+80%
Area median RM510 psf (all residential)
Building age
17 years
Completed 2009
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.
5 things to check before signing the Springtide Residences SPA
- 1.Sinking fund health — 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 — Verify payment is up to date and no dues are outstanding from the seller — arrears transfer with the unit, not the person.
- 3.JMC minutes (last 12 months) — 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 — Physically walk the pool deck, lifts, lobbies, gym and parking ramps. Photograph anything concerning — it is negotiation leverage.
- 5.Management track record — Ask who manages the building and how long they have held the contract. Frequent turnover of managing agents usually signals a difficult JMB.
Springtide Residences price 2026
What Springtide Residences trades at on the sub-sale market, last checked 2026-10-12.
| Asking from | RM3.8M – RM6.2M |
| PSF | RM920 – 1053 |
| Built-up | 4,112 – 5,221 sqft |
| Completed | 2009 |
| Units | 77 |
Verified sub-sale asking prices. Asking is not transacted — expect movement between the two.
The building is 17 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.
Springtide Residences for sale & for rent
Asking rents at Springtide Residences ran from about RM8,500–13,000 a month in September–October 2026, for homes of 4,112–5,221 sq ft. Rents depend on the floor, view and furnishing, so message Zac for what is actually available to buy or rent today.
Springtide Residences key facts
- Developer
- Coronation Springs Sdn Bhd
- Area
- Tanjung Bungah, Penang
- Type
- condominium
- Tenure
- freehold · residential
- Completed
- 2009
- Total units
- 77
- Asking PSF
- RM920–1053
- Price from
- RM 3.80M
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
- Mira ResidenceRM850K
- Horizon TowerRM1.1M
- WaterstoneRM1.29M
- Alila 2RM1.68M
- Infinity BeachfrontRM2.3M
- NinetenRM2.5M
- The Cove CondominiumRM2.7M
- 1 TanjongRM2.8M
- SkyhomeRM4.7M
Springtide Residences subsale — common questions
What is the price of Springtide Residences?
Springtide Residences runs RM3,800,000 to RM6,200,000. These are verified sub-sale asking prices, not transacted figures — expect movement between the two. That works out to about RM920–1,053 per square foot. Checked 2026-10-12.
Is Springtide Residences freehold or leasehold?
Springtide Residences is freehold, on a residential title. Those are two separate facts and only the first usually appears in marketing.
Can a foreigner buy at Springtide Residences?
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 Springtide Residences?
Asking rents ran from RM8,500 to RM13,000 a month in September–October 2026, for homes of 4,112–5,221 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 Springtide Residences completed?
Springtide Residences was completed in 2009 by Coronation Springs Sdn Bhd, so homes here are bought from existing owners.
How big are the homes at Springtide Residences?
Homes range from about 4,112 to 5,221 sq ft. There are 77 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.