The Waterfront, Tanjung Bungah
The Waterfront is a freehold condominium located in Tanjung Bungah, Penang Island. There are 68 units available at this project with built-up from 1,475 sf to 2,960 sf. It was developed by Malaysian Resources Corp Bhd (aka MRCB) with a launch price at around RM220 psf, and was completed in about Dec 2009.
Malaysian Resources Corp Bhd (aka MRCB) is a big-scale real estate company listed on KLSE, and it has constructed around 38 real estate projects in Malaysia. Other similar projects by the same developer are Coastal Towers, Marina Tower, Sentral Suites, Suasana Sentral Condominium, Suasana Sentral Loft, The Sentral Residences, Tria Residences, Twin Towers, Vivo Residences and Wangsa Heights.
The only amenities nearby this condominium are some schools. Several of the schools here are SJK (C) Poay Wah and SK Tanjung Bunga.
The current rental yield of The Waterfront is around 3.62%, compared to 2.04% 2 years ago in Q2 2021. The highest rental yield ever recorded was 4.54% in Q1 2013; while the lowest one was 2.04% in Q2 2021. Meanwhile, the most common unit layouts and sizes available here are as follows:
The most popular layout and size (built-up) combination at The Waterfront is 4-bedroom / 2,950 sf with a median price of RM530 psf. For price wise, the most expensive one is 4-bedroom / 2,960 sf with a median price of RM530 psf; while the cheapest one is 3-bedroom / 1,475 sf with a median price of RM520 psf.
Latest The Waterfront sale listings:
| Date | Type | Built-up | Price |
|---|---|---|---|
| 19 Jul 2022 | Condominium | 2,950 sf | RM1,600,000 |
| 9 Jan 2022 | Condominium | 1,475 sf | RM850,000 |
| 28 Dec 2021 | Condominium | 2,950 sf | RM1,800,000 |
| 27 Dec 2021 | Condominium | 2,950 sf | RM1,430,000 |
| 27 Dec 2021 | Condominium | 1,500 sf | RM950,000 |
| 24 Dec 2021 | Condominium | 1,475 sf | RM888,000 |
| 23 Dec 2021 | Condominium | 1,475 sf | RM850,000 |
| 16 Dec 2021 | Condominium | 2,970 sf | RM1,700,000 |
| 7 Dec 2021 | Condominium | 2,950 sf | RM1,350,000 |
| 2 Dec 2021 | Condominium | 1,475 sf | RM888,000 |
Latest The Waterfront rental listings:
| Date | Type | Built-up | Rental |
|---|---|---|---|
| 25 May 2022 | Condominium | 2,850 sf | RM2,800 |
| 16 Jan 2022 | Condominium | 1,475 sf | RM2,000 |
| 14 Dec 2021 | Condominium | 1,475 sf | RM2,399 |
| 12 Dec 2021 | Condominium | 1,475 sf | RM2,200 |
| 9 Nov 2021 | Condominium | 1,475 sf | RM2,200 |
| 23 Sep 2021 | Condominium | 1,475 sf | RM2,200 |
| 23 Jul 2021 | Condominium | 1,500 sf | RM2,200 |
| 12 Jul 2021 | Condominium | 1,500 sf | RM2,200 |
| 21 Jun 2021 | Condominium | 1,500 sf | RM2,200 |
| 11 Jun 2021 | Condominium | 1,475 sf | RM2,200 |