Coastal Towers, Tanjung Bungah

Coastal Towers is a freehold condominium located in Tanjung Bungah, Penang Island. There are 312 units available at this project with built-up from 800 sf to 1,210 sf. It was developed by Malaysian Resources Corp Bhd (aka MRCB), and was completed about 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
RM480,000 - RM650,000
Density
312 Units
Completed In
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 2.58%, compared to 3.0% 2 years ago in Q3 2021. The highest rental yield ever recorded was 4.36% in Q1 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 RM600 psf; while the cheapest one is 3-bedroom / 1,200 sf with a median price of RM540 psf.

Latest Coastal Towers sale listings:

DateTypeBuilt-upPrice
20 Dec 2022Condominium805 sfRM490,000
15 Dec 2022Condominium810 sfRM490,000
14 Jul 2022Condominium806 sfRM400,000
8 Jan 2022Condominium806 sfRM498,000
14 Dec 2021Condominium1,200 sfRM750,000
12 Dec 2021Condominium1,010 sfRM620,000
2 Dec 2021Condominium1,210 sfRM660,000
22 Nov 2021Condominium1,210 sfRM730,000
22 Nov 2021Condominium1,210 sfRM640,000
22 Nov 2021Condominium1,050 sfRM620,000

Latest Coastal Towers rental listings:

DateTypeBuilt-upRental
17 Dec 2022Condominium1,100 sfRM1,500
23 Sep 2022Condominium900 sfRM1,300
25 May 2022Condominium850 sfRM1,100
31 Dec 2021Low-Cost Flat850 sfRM1,000
30 Dec 2021Condominium1,000 sfRM1,000
30 Dec 2021Condominium853 sfRM1,000
29 Dec 2021Condominium853 sfRM1,000
29 Dec 2021Condominium853 sfRM1,000
28 Dec 2021Condominium1,260 sfRM1,500
28 Dec 2021Condominium1,200 sfRM1,500
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