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.

Property Type
Condominium
Land Tenure
Freehold
Built-up
1,475 sf - 2,960 sf
Market Price
RM770,000 - RM1,570,000
Density
68 Units
Completed In
Dec 2009
Launch Price
About RM220 psf

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:

DateTypeBuilt-upPrice
19 Jul 2022Condominium2,950 sfRM1,600,000
9 Jan 2022Condominium1,475 sfRM850,000
28 Dec 2021Condominium2,950 sfRM1,800,000
27 Dec 2021Condominium2,950 sfRM1,430,000
27 Dec 2021Condominium1,500 sfRM950,000
24 Dec 2021Condominium1,475 sfRM888,000
23 Dec 2021Condominium1,475 sfRM850,000
16 Dec 2021Condominium2,970 sfRM1,700,000
7 Dec 2021Condominium2,950 sfRM1,350,000
2 Dec 2021Condominium1,475 sfRM888,000

Latest The Waterfront rental listings:

DateTypeBuilt-upRental
25 May 2022Condominium2,850 sfRM2,800
16 Jan 2022Condominium1,475 sfRM2,000
14 Dec 2021Condominium1,475 sfRM2,399
12 Dec 2021Condominium1,475 sfRM2,200
9 Nov 2021Condominium1,475 sfRM2,200
23 Sep 2021Condominium1,475 sfRM2,200
23 Jul 2021Condominium1,500 sfRM2,200
12 Jul 2021Condominium1,500 sfRM2,200
21 Jun 2021Condominium1,500 sfRM2,200
11 Jun 2021Condominium1,475 sfRM2,200
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