Tanjung Bungah Β· Subsale Market
The Cove Condominium Subsale β Tanjung Bungah, Penang
Current asking prices, floor plans, and what to inspect before signing the SPA. Live subsale shortlist sent direct to your WhatsApp.
The Cove Condominium is a completed freehold condominium in Tanjung Bungah, Penang, completed in 2008 by City Associates Group. It has 160 units. Subsale asking prices currently run about RM450β832 per sq ft (from roughly RM 2.70M).
Price at a glance
Prices as at September 2026 β Subsale asking prices basis. Last checked 2026-07-30.
| Unit type | Size (sqft) | Price from | PSF from |
|---|---|---|---|
| All units | 6,000 | RM2.699M | RM450 |
Available Listings
No listings currently on file. Zac may have off-market units available.
Ask Zac about availabilityWhy buy a The Cove Condominium 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 The Cove Condominium.
Established maintenance
Sinking fund history is visible. You can read the last 12 months of JMC minutes before committing.
How The Cove Condominium is priced within Tanjung Bungah
At roughly RM450 psf, The Cove Condominium sits toward the value end of Tanjung Bungah's condo band (RM513β1065 psf). That usually reflects building age, floor level, or distance from the area's prime frontage β worth checking which, because the first two are negotiable and the third is not.
vs NAPIC median
-12%
Area median RM510 psf (all residential)
Area gross yield
~4.5%
Typical for Tanjung Bungah condos
Building age
18 years
Completed 2008
PSF bands are area-level indicative ranges from our own tracking, cross-checked against NAPIC/JPPH and Brickz transaction data β 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 Cove Condominium
- 1.Internal pipes and electrical β 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 β 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 β Lifts have a service life. Ask whether modernisation has been done or is being planned β it is one of the largest special assessments a JMB can raise.
- 4.Original vs renovated layout β Confirm any structural alteration by a previous owner was approved. Unapproved hacking can complicate financing and your own future resale.
- 5.Actual unit orientation β Visit at the time of day you would normally be home. Afternoon west sun in Penang changes both comfort and your electricity bill.
The Cove Condominium price 2026
What The Cove Condominium trades at on the sub-sale market, last checked 2026-07-30.
| Asking from | RM2.7M β RM4.99M |
| PSF | RM450 β 832 |
| Built-up | 6,000 sqft |
| Completed | 2008 |
| Units | 160 |
Verified sub-sale asking prices. Asking is not transacted β expect movement between the two.
The building is 18 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 β arrears across the building are the number that predicts your future maintenance bill.
A foreign buyer can purchase here β the RM1M minimum is cleared. Add the state levy, a flat 8% stamp duty and 3β4 months for state consent.
Selling rather than buying? The RPGT rates and the 21B retention decide what you keep β and if you are near the five-to-six-year line, the date matters more than the price.
The Cove Condominium for sale & for rent
Looking to buy or rent a unit in The Cove Condominium? Asking prices and rents move with the market and with the specific unit β floor, facing, condition β so rather than quote a stale number, message Zac for the current listings and a straight read on what is realistic today.
The Cove Condominium key facts
- Developer
- City Associates Group
- Area
- Tanjung Bungah, Penang
- Type
- condominium
- Tenure
- freehold Β· residential
- Completed
- 2008
- Total units
- 160
- Asking PSF
- RM450β832
- Price from
- RM 2.70M
Need the full project profile? Specifications, floor plans, nearby amenities, and Zac's take on The Cove Condominium:
View full The Cove Condominium profile βTanjung Bungah β area snapshot
Full area guide βTanjung 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 397K β RM 4.4M
asking prices in area
Active projects
1
selling or under construction
Subsale condos
13
completed projects
Total tracked
15
properties in this area
Other projects in Tanjung Bungah
All 14 others we track here, cheapest first β 1 of them still selling.
- Granito @ PermaiRM397K
- Grand OceanRM550K
- Surin CondominiumRM600K
- Alila HorizonsRM700K
- Pearl View CondominiumRM780K
- Mira ResidenceRM1.07M
- Horizon TowerRM1.1M
- WaterstoneRM1.29M
- Alila 2RM1.68M
- NinetenRM2.5M
- Infinity BeachfrontRM2.7M
- 1 TanjongRM3.6M
- Springtide ResidencesRM3.8M
- SkyhomeRM4.39M
The Cove Condominium subsale β common questions
What is the price of The Cove Condominium?
The Cove Condominium runs RM2,699,000 to RM4,990,000. These are verified sub-sale asking prices, not transacted figures β expect movement between the two. That works out to about RM450β832 per square foot. Checked 2026-07-30.
Is The Cove Condominium freehold or leasehold?
The Cove 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 The Cove Condominium?
Yes. Penang Island sets a RM1,000,000 minimum for foreign buyers. Add a state levy, a flat 8% stamp duty, and 3β4 months for state consent.
When was The Cove Condominium completed?
The Cove Condominium completed in 2008, developed by City Associates Group. Units here trade sub-sale.
How big are the units at The Cove Condominium?
Built-ups run 6,000 sq ft. There are 160 units in total.
More on the neighbourhood:
Tanjung Bungah area guide β schools, transport, PSF, lifestyle scorecard βSubstitutes worth comparing
Open full comparison βSame area family, same property type, similar price band β what most buyers actually cross-shop.