Coastal Towers, Tanjung Bungah

Coastal Towers is a freehold condominium that is located in Tanjung Bungah, Penang Island. There are 312 units available at this condominium with built-up from 800 sf to 1,210 sf. It was developed by Malaysian Resources Corp Bhd (aka MRCB), and was completed around 2004.

Malaysian Resources Corp Bhd (aka MRCB) is a large real estate company listed on KLSE, and it has undertaken around 38 real estate projects in Malaysia. Other similar projects by the same developer are Marina Tower, Sentral Suites, Suasana Sentral Condominium, Suasana Sentral Loft, The Sentral Residences, The Waterfront, Tria Residences, Twin Towers, Vivo Residences and Wangsa Heights.

Property Type
Condominium
Land Tenure
Freehold
Built-up
800 sf - 1,210 sf
Market Price
RM450,000 - RM650,000
Total Units
312 Units
Completion Date
2004

The only amenities nearby this condominium are some schools. Few of the schools here are SJK (C) Poay Wah and SK Tanjung Bunga.

The current rental yield of Coastal Towers is around 3.37%, compared to 3.27% 2 years ago in Q3 2022. The highest rental yield ever recorded was 4.23% in Q2 2014; while the lowest one was 1.82% in Q4 2020. Meanwhile, the most common unit layouts and sizes available here are as follows:

The most popular layout and size (built-up) combination at Coastal Towers is 3-bedroom / 1,210 sf with a median price of RM540 psf. For price wise, the most expensive one is 2-bedroom / 806 sf with a median price of RM560 psf; while the cheapest one is 3-bedroom / 1,010 sf with a median price of RM540 psf.

Latest Coastal Towers sale listings:

DateProperty TypeBuilt-upPrice
26 May 2024Condominium806 sfRM450,000
13 May 2024Condominium1,010 sfRM550,000
7 May 2024Condominium1,010 sfRM550,000
3 May 2024Condominium820 sfRM448,000
3 May 2024Condominium1,210 sfRM598,000
2 May 2024Condominium1,210 sfRM598,000
2 May 2024Condominium880 sfRM558,000
30 Apr 2024Condominium1,210 sfRM630,000
22 Apr 2024Condominium850 sfRM500,000
22 Apr 2024Condominium850 sfRM480,000

Latest Coastal Towers rental listings:

DateProperty TypeBuilt-upRental
7 Jun 2024Condominium1,000 sfRM1,500
6 May 2024Condominium1,210 sfRM1,300
5 May 2024Condominium1,200 sfRM1,500
3 May 2024Condominium1,210 sfRM1,300
3 May 2024Condominium1,210 sfRM1,300
2 May 2024Condominium1,200 sfRM1,300
18 Apr 2024Condominium1,050 sfRM1,500
18 Apr 2024Condominium1,020 sfRM1,500
18 Apr 2024Condominium1,030 sfRM1,800
8 Mar 2024Condominium1,200 sfRM1,750
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