Tanjung Bungah · Subsale Market
The Straits Regency 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.
The Straits Regency is a completed freehold condominium in Tanjung Bungah, Penang, completed in 2006 by Taman Ratu Development Sdn Bhd. It has 104 units. Subsale asking prices currently run about RM444–599 per sq ft (from roughly RM 680K).
Price at a glance
Prices as at November 2026 — Subsale asking prices basis. Last checked 2026-10-13.
| Unit type | Size (sqft) | Price from | PSF from |
|---|---|---|---|
| All units | 1,530–1,670 | RM680,000 | RM444 |
Zac’s Take
Zac Ong
The Straits Regency is a small freehold condominium on the Tanjung Bungah hillside, off Persiaran Tanjung Bungah 3: one 26-storey block with 104 homes, about five per floor, completed in 2006 by the Taman Ratu group. Homes are about 1,530 to 1,670 sq ft, with three or four bedrooms.
Listings ran from about RM680,000 to RM930,000, and homes let for about RM2,500 to RM2,900 a month.
It suits a family that wants a low-density, full-sized home about four minutes from Tenby and Dalat at a price well below the newer hillside towers. At 20 years old, check the sinking fund and recent repairs before you commit.
Available Listings
No listings currently on file. Zac may have off-market units available.
Ask Zac about availabilityWhy buy a The Straits Regency 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 The Straits Regency.
Established maintenance
The building has a track record. Ask for the management accounts, sinking fund balance and recent meeting minutes before you commit.
How The Straits Regency is priced within Tanjung Bungah
At roughly RM444 psf, The Straits Regency 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
-13%
Area median RM510 psf (all residential)
Building age
20 years
Completed 2006
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 The Straits Regency
- 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.
The Straits Regency price 2026
What The Straits Regency trades at on the sub-sale market, last checked 2026-10-13.
| Asking from | RM680,000 – RM930,000 |
| PSF | RM444 – 599 |
| Built-up | 1,530 – 1,670 sqft |
| Completed | 2006 |
| Units | 104 |
Verified sub-sale asking prices. Asking is not transacted — expect movement between the two.
Recent prices. Late 2025–2026 listings about RM680,000–930,000 for 1,530–1,700 sq ft (PropertyGuru range; individual asks RM760,000–798,000). EdgeProp transaction median about RM465 psf over 48 months.
The building is 20 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.
Every unit here sits below the RM1M foreign-buyer minimum, so this building is open to Malaysian and PR buyers only.
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.
The Straits Regency for sale & for rent
Asking rents at The Straits Regency ran from about RM2,500–2,900 a month in October 2026, for homes of about 1,530–1,670 sq ft. Rents depend on the floor, view and furnishing, so message Zac for what is actually available to buy or rent today.
The Straits Regency key facts
- Developer
- Taman Ratu Development Sdn Bhd
- Area
- Tanjung Bungah, Penang
- Type
- condominium
- Tenure
- freehold
- Completed
- 2006
- Total units
- 104
- Asking PSF
- RM444–599
- Price from
- RM 680K
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
- 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
- SkyhomeRM4.7M
The Straits Regency subsale — common questions
What is the price of The Straits Regency?
Late 2025–2026 listings about RM680,000–930,000 for 1,530–1,700 sq ft (PropertyGuru range; individual asks RM760,000–798,000). EdgeProp transaction median about RM465 psf over 48 months.
Is The Straits Regency freehold or leasehold?
The Straits Regency 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 The Straits Regency?
Yes, if you are on MM2H. MM2H participants can buy residential property in Penang from RM500,000 (up to two homes), and The Straits Regency is priced above that. Other foreign buyers need RM1,000,000 for strata property on the island, which homes here do not reach. Add the state levy, a flat 8% stamp duty, and 3–4 months for state consent.
How much is the rent at The Straits Regency?
Asking rents ran from RM2,500 to RM2,900 a month in October 2026, for homes of about 1,530–1,670 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 The Straits Regency completed?
The Straits Regency was completed in 2006 by Taman Ratu Development Sdn Bhd, so homes here are bought from existing owners.
How big are the homes at The Straits Regency?
Homes range from about 1,530 to 1,670 sq ft. There are 104 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.