Waterstone Residence Tanjung Bungah, Penang Island

Waterstone Residence Tanjung Bungah starts from RM 1 million to RM 2.1 million, depending on unit type and floor level. Lower-floor Hill View units start at a more accessible entry point, while high-floor Sea View units command a premium for breathtaking Straits of Malacca panoramas. Register today and our sales team will share the latest confirmed pricing and available units.

The downpayment is only 3% of the purchase price upon SPA signing. Booking fee is RM 10,000. Our consultants can walk you through the full payment schedule, progressive billing milestones, and early bird packages. Register now and our team will assist you.

Yes, eligible Malaysian buyers may withdraw from EPF Account 2 to fund the purchase of Waterstone Residence, subject to EPF’s standard residential property withdrawal guidelines. Our sales team can arrange a free consultation to guide you through the process.

Waterstone Residence is situated in Tanjung Bungah, Penang Island — along Jalan Tanjung Bungah, between the beachfront strip and lush hills. It is minutes from Gurney Drive and Georgetown, while offering Sea View and Hill View unit orientations with panoramas of the Straits of Malacca and Pearl Hill.

Prince of Wales Island International School (POWIIS) is just 300m away. Tenby Schools Penang (1.5km) and Dalat International School (1km) are a short drive away. TAR University of Management and Technology is also nearby — making Waterstone Residence a top choice for expat and professional families.

Excellent connectivity via Jalan Tanjung Bungah with easy access to the Penang Bridge and PORR. Gurney Drive and Gurney Plaza is 10 minutes away while Georgetown is 15–20 minutes away. Penang International Airport is approximately 45 minutes via the expressway.

Waterstone Residence Tanjung Bungah holds a Freehold residential title — meaning ownership is permanent and can be passed to future generations without renewal or restrictions. In a premium location like Tanjung Bungah on Penang Island, freehold status significantly enhances long-term investment security.

Over 20 curated all-day facilities on Level 8: Infinity Pool, Hydrotherapy Pool, Wading Pool, Open Pool Deck, Sky Vista Gymnasium, Private Dining Room, Poolside Dining, Games Room, Kids’ Playground, Reading Room, Outdoor Gym, Yoga Deck, Tea House, Outdoor Tea Garden, Mizu Walkway, Zen Pavilion, BBQ Pavilion, and landscaped gardens.

Waterstone Residence Tanjung Bungah is expected to be completed and handed over in Q4 2028. Both 39-storeys towers are under construction and progressing on schedule. Register now for the latest construction updates.

Tanjung Bungah is one of Penang Island’s most supply-constrained coastal addresses. Freehold high-rise condominiums with sea views here have historically commanded strong capital appreciation. The presence of international schools, luxury hotels, and the Gurney Drive corridor ensures consistent rental demand.

Based on comparable luxury condominiums in the Tanjung Bungah and Gurney Drive corridor, estimated gross rental yields range from 3.5% to 5.5% per annum. The area’s large expat community — particularly families at international schools — creates consistent demand for quality furnished rentals.

Yes, Waterstone Residence is eligible for foreign buyers. In Penang, the minimum purchase price for foreigners is RM 1 million for high-rise residential properties. Our sales team can guide you through the full process and documentation requirements.

Waterstone Residence is eligible for purchase under the Malaysia My Second Home (MM2H) programme, subject to the applicant’s MM2H approval status and prevailing minimum purchase price for MM2H participants. Our team can connect you with a specialist for MM2H enquiries.

Waterstone Residence is developed by BSG Property, part of Boon Siew Group — a reputable Malaysian developer with 70+ years of experience delivering premium residential developments in Penang including Mira Residence (Tanjung Bungah), Middleton (Minden Heights), and Permai Village.

The maintenance fee included sinking fund is RM 0.35 per month, depending on unit size, confirmed by the Joint Management Body (JMB) upon completion. This covers all facilities upkeep, common area maintenance, 24-hour security, and building management.