Tanjung Bungah · Subsale Market
The Cove Condominium 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 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 RM450–832 per sq ft (from roughly RM 2.70M).
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 | 5,800–6,000 | RM2.699M | RM450 |
Zac’s Take
Zac Ong
The Cove is one of Tanjung Bungah's most exclusive seafront buildings: freehold, completed in 2008 by City Associates, with roughly one home per floor of about 5,800–6,000 sq ft and sea views on every side.
Asking prices run from about RM2.7M to RM5M. Rents are among the highest in the area, at about RM10,000–12,800 a month in late 2026, mostly for renovated, furnished homes.
It suits a buyer who wants the space and privacy of a house, on the water, without a garden to keep. The trade-offs are big running costs and a small pool of future buyers at this price, and at nearly 20 years old, the building's maintenance record matters. Every home is open to foreign buyers.
Reviews and comparisons
- The Cove Condominium Review 2026 — Why RM450 psf Isn't a Bargain
- Renting in Tanjung Bungah 2026 — What Alila 2, Mira and the Seafront Condos Actually Let For
- Horizon Tower Review 2026 — 2,300 Sq Ft on the Tanjung Bungah Seafront, Two Homes a Floor
- Nineten Review 2026 — Forty Freehold Bungalows in Permai Village, Tanjung Bungah
- Springtide Residences Review 2026 — Freehold Seafront, 77 Units, and a 2009 Build at the Strip's Top PSF
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 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 Cove Condominium.
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 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 (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
-12%
Area median RM510 psf (all residential)
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 — 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 — 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 Cove Condominium price 2026
What The Cove Condominium trades at on the sub-sale market, last checked 2026-10-04.
| Asking from | RM2.7M – RM4.99M |
| PSF | RM450 – 832 |
| Built-up | 5,800 – 6,000 sqft |
| Completed | 2008 |
| Units | 160 |
Verified sub-sale asking prices. Asking is not transacted — 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 — 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.
The Cove Condominium for sale & for rent
Asking rents at The Cove Condominium ran from about RM10,000–12,800 a month in September–October 2026, for homes of about 6,000 sq ft. Rents depend on the floor, view and furnishing, so message Zac for what is actually available to buy or rent today.
The Cove Condominium key facts
- Developer
- City Associates Group
- Area
- Tanjung Bungah, Penang
- Type
- condominium
- Tenure
- freehold · residential
- Completed
- 2008
- Total units
- 160
- Asking PSF
- RM450–832
- Price from
- RM 2.70M
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 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
- 1 TanjongRM2.8M
- Springtide ResidencesRM3.8M
- SkyhomeRM4.7M
The Cove Condominium subsale — 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 — expect movement between the two. That works out to about RM450–832 per square foot. Checked 2026-10-04.
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 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 The Cove Condominium?
Asking rents ran from RM10,000 to RM12,800 a month in September–October 2026, for homes of about 6,000 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 Cove Condominium completed?
The Cove Condominium was completed in 2008 by City Associates Group, so homes here are bought from existing owners.
How big are the homes at The Cove Condominium?
Homes range from about 5,800 to 6,000 sq ft. There are 160 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.