Marina Tower, Tanjung Bungah

Marina Tower (also known as Ratu Mutiara Marina Tower) is a freehold apartment located in Tanjung Bungah, Penang. There are 208 units available at this project with built-up from 1,100 sf to 1,200 sf. It was developed by Malaysian Resources Corp Bhd (aka MRCB), and was completed in around 1995.

Malaysian Resources Corp Bhd (aka MRCB) is a big property developer listed on Bursa Malaysia, and it has built about 38 property projects in Malaysia. Other similar projects by the same developer are Coastal Towers, Sentral Suites, Suasana Sentral Condominium, Suasana Sentral Loft, The Sentral Residences, The Waterfront, Tria Residences, Twin Towers, Vivo Residences and Wangsa Heights.

Property Type
Apartment
Land Tenure
Freehold
Built-up
1,100 sf - 1,200 sf
Market Price
RM590,000 - RM660,000
Density
208 Units
Completed In
1995

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

The current rental yield of Marina Tower is around 3.01%, compared to 3.42% a year ago in Q1 2019. The highest rental yield ever recorded was 7.18% in Q1 2012; while the lowest one was 2.58% in Q2 2018. Meanwhile, the most common unit layouts and sizes available here are as follows:

The most popular layout and size combination at Marina Tower is 3-bedroom / 1,200 sf with a median price of RM550 psf. For price wise, the most expensive one is 3-bedroom / 1,200 sf with a median price of RM550 psf; while the cheapest one is 3-bedroom / 1,100 sf with a median price of RM540 psf.

Latest Marina Tower for sale listings:

DateTypeBuilt-upPrice
17 Nov 2020Condominium1,238 sfRM600,000
7 Nov 2020Condominium930 sfRM499,000
5 Nov 2020Condominium1,305 sfRM670,000
4 Nov 2020Condominium1,500 sfRM720,000
4 Nov 2020Condominium1,302 sfRM680,000
1 Nov 2020Condominium1,238 sfRM650,000
23 Oct 2020Condominium932 sfRM499,000
21 Oct 2020Condominium932 sfRM499,000
16 Oct 2020Condominium1,088 sfRM580,000
14 Oct 2020Condominium1,238 sfRM650,000

Latest Marina Tower for rent listings:

DateTypeBuilt-upRental
17 Nov 2020Condominium1,390 sfRM1,500
4 Nov 2020Condominium1,500 sfRM2,000
4 Nov 2020Condominium1,302 sfRM1,800
3 Nov 2020Condominium900 sfRM1,900
28 Oct 2020Condominium1,200 sfRM1,400
26 Oct 2020Condominium1,300 sfRM2,000
14 Oct 2020Condominium1,200 sfRM1,900
8 Oct 2020Condominium1,068 sfRM1,600
6 Oct 2020Condominium1,150 sfRM1,700
6 Oct 2020Condominium1,150 sfRM1,650
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