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.
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:
| Date | Type | Built-up | Price |
|---|---|---|---|
| 20 Dec 2022 | Condominium | 805 sf | RM490,000 |
| 15 Dec 2022 | Condominium | 810 sf | RM490,000 |
| 14 Jul 2022 | Condominium | 806 sf | RM400,000 |
| 8 Jan 2022 | Condominium | 806 sf | RM498,000 |
| 14 Dec 2021 | Condominium | 1,200 sf | RM750,000 |
| 12 Dec 2021 | Condominium | 1,010 sf | RM620,000 |
| 2 Dec 2021 | Condominium | 1,210 sf | RM660,000 |
| 22 Nov 2021 | Condominium | 1,210 sf | RM730,000 |
| 22 Nov 2021 | Condominium | 1,210 sf | RM640,000 |
| 22 Nov 2021 | Condominium | 1,050 sf | RM620,000 |
Latest Coastal Towers rental listings:
| Date | Type | Built-up | Rental |
|---|---|---|---|
| 17 Dec 2022 | Condominium | 1,100 sf | RM1,500 |
| 23 Sep 2022 | Condominium | 900 sf | RM1,300 |
| 25 May 2022 | Condominium | 850 sf | RM1,100 |
| 31 Dec 2021 | Low-Cost Flat | 850 sf | RM1,000 |
| 30 Dec 2021 | Condominium | 1,000 sf | RM1,000 |
| 30 Dec 2021 | Condominium | 853 sf | RM1,000 |
| 29 Dec 2021 | Condominium | 853 sf | RM1,000 |
| 29 Dec 2021 | Condominium | 853 sf | RM1,000 |
| 28 Dec 2021 | Condominium | 1,260 sf | RM1,500 |
| 28 Dec 2021 | Condominium | 1,200 sf | RM1,500 |