Waterstone Tanjung Bungah, Penang
Luxury Freehold Coastal Residences for Sale in Tanjung Bungah, Penang for Foreign Buyers
Waterstone Penang
Key Property Information
From RM 969K / £178K / $239K USD
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Waterstone is a freehold residential condominium located in Tanjung Bungah along Penang’s northern coastline, positioned between George Town and Batu Ferringhi.
The development comprises two 40-storey residential towers with a low-density configuration of just six units per floor, designed to prioritise space, privacy, and long-term liveability.
Units are positioned within the larger-format segment of Penang’s residential market, with a focus on owner-occupiers, families, and longer-term residents, with layouts ranging from 1,334 sq ft to 2,195 sq ft.
The project is residential-titled and includes practical features such as multiple car parks per unit, gated and guarded security, and direct connectivity via Jalan Tanjung Bungah to the island’s key lifestyle and commercial districts.
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Waterstone offers a range of spacious 3- and 4-bedroom residences with both sea view and hillside-facing configurations.
Unit types include:
Type A (4-bedroom): approx. 2,152 – 2,195 sq ft
Type B (3-bedroom): approx. 1,636 – 1,722 sq ft
Type C (3-bedroom): approx. 1,388 – 1,463 sq ft
Type D (3-bedroom): approx. 1,334 – 1,410 sq ft
Type E (3-bedroom): approx. 1,334 – 1,399 sq ft
Selected layouts include balconies and open outlooks, with higher floors offering sea-facing orientations.
Pricing varies by unit type, floor level, orientation, and current developer incentives. Entry-level units are currently available from approximately RM969K after rebates, with larger sea view units exceeding RM2M.
As with many new developments, pricing may include developer incentives or rebates. The official transacted price for foreign purchasers must comply with Penang’s minimum purchase threshold at the time of transaction. Full details are confirmed as part of the formal quotation.
All residences are delivered semi-fitted, including kitchen cabinetry, built-in wardrobes, selected kitchen appliances, and air-conditioning in bedrooms.
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Waterstone is located in Tanjung Bungah, along Penang’s northern coastline, positioned between George Town and Batu Ferringhi.
Set within an established residential corridor, the development benefits from a coastal environment combined with close proximity to key lifestyle, retail, and employment hubs across the island.
The area is well known for its international schools, beachfront access, and established expat and residential community.
Approximate travel times:
Batu Ferringhi Beach: approx. 5–10 minutes
Gurney Drive / Gurney Plaza: approx. 15–20 minutes
George Town (UNESCO World Heritage Site): approx. 20–25 minutes
Penang International Airport: approx. 40–50 minutes
The location provides a balance between lifestyle living and accessibility, with direct road connections linking the northern coastal belt to central Penang.
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Waterstone is designed as a lifestyle-focused residential development, with facilities distributed across dedicated communal levels to support a range of daily and recreational uses.
Outdoor Facilities:
Swimming pool
Wading pool
Hydrotherapy pool
Open pool deck & recreation areas
BBQ pavilion
Outdoor gym
Yoga deck
Children’s playground
Landscaped gardens and communal areas
Indoor Facilities:
Gymnasium
Games room
Private dining room
Reading spaces
Tea house and indoor lounges
Male and female changing rooms with steam facilities
Management office
Facilities are designed to cater to residents across different lifestyles, with a mix of wellness, leisure, and social spaces integrated into the overall development.
Coastal Living, Spacious Layouts & Resort-Style Facilities
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Explore floorplans, design features, location information and key investment highlights, everything you need to understand what makes this development stand out.
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Property Video Tour
This short video walkthrough provides a visual overview of Waterstone Penang, highlighting its spacious residential layouts, extensive lifestyle facilities, and coastal setting in Tanjung Bungah with convenient access to Gurney Drive and George Town.
Buyer Information
Rental Yields
Waterstone is positioned within Tanjung Bungah’s established coastal residential area, supporting steady long-term rental demand rather than short-term tourism-driven volatility.
Larger 3 and 4-bedroom units are most aligned with family and expatriate tenants, with performance influenced by factors such as view, floor level and furnishing. Overall, the location favours stable, occupancy-led rental income.
Capital Growth & Exit Potential
New freehold developments in Tanjung Bungah are limited, particularly those offering larger, modern unit formats. Waterstone sits within this newer segment, differentiating from older surrounding stock.
Its coastal positioning between George Town and Batu Ferringhi, along with elevated views and lifestyle appeal, supports long-term demand. Resale performance will depend on unit specifics and wider market conditions.
Foreign Ownership
Foreign buyers are permitted to purchase units at Waterstone, subject to Penang state minimum purchase price thresholds in force at the time of transaction.
Pricing shown reflects developer rebates, with qualifying units structured to meet foreign ownership requirements despite headline pricing appearing below standard thresholds.
The development is freehold, allowing eligible buyers full ownership rights, including the ability to lease or resell the property in accordance with Malaysian property and strata regulations.
Legal Support
All purchases are completed through licensed Malaysian solicitors. Transactions follow Malaysia’s regulated conveyancing process, including:
Sale & Purchase Agreement (SPA) preparation
Title and strata documentation handling
Stamp duty and statutory disbursements
For completed units, transactions follow standard secondary market procedures. Buyer funds are managed through licensed legal firms in accordance with Malaysian property law.
Elevated Coastal Living in Tanjung Bungah
Foreign buyers are permitted to purchase units at Waterstone, subject to Penang state minimum purchase price thresholds in force at the time of transaction.
Pricing shown reflects developer rebates, with qualifying units structured to meet foreign ownership requirements despite headline pricing appearing below standard thresholds.
The development is freehold, allowing eligible buyers full ownership rights, including the ability to lease or resell the property in accordance with Malaysian property and strata regulations.
Own at Waterstone Tanjung Bungah
Speak to our team about available units, pricing, and in-person or virtual viewing tours.
Buying Property at Waterstone Penang: FAQs
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Waterstone offers a selection of spacious 3- and 4-bedroom residences. Unit sizes range from 1,334 sq ft to 2,195 sq ft, with a mix of sea view and hill view layouts.
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Pricing starts from approximately RM969K after rebates, with larger sea view units reaching over RM2M after rebates. Final pricing depends on unit type, floor level, orientation and applicable incentives.
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Yes. Foreign buyers can purchase eligible units at Waterstone, subject to Penang’s RM1 million minimum purchase threshold. Some quoted prices include developer rebates deducted after the formal purchase price, meaning qualifying units can still comply with foreign ownership requirements.
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Yes. Waterstone is a freehold development, offering full ownership rights to eligible buyers.
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Waterstone is located in Tanjung Bungah, along Penang’s northern coastline between Gurney Drive and Batu Ferringhi, within one of Penang Island’s established residential districts.
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Facilities include a swimming pool, wading pool, hydrotherapy pool, gymnasium, yoga deck, outdoor gym, landscaped gardens, children’s playground, BBQ pavilion, private dining room, games room and changing rooms with steam facilities.
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Waterstone is positioned within an established coastal residential area with steady long-term demand from families, expatriates and lifestyle-led residents seeking larger units in Tanjung Bungah.
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The development is scheduled for completion in Q4 2028.
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Yes. Both in-person and virtual viewing options are available depending on your location.
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You can request the full brochure, latest pricing and floor plans by enquiring through this page.
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Private viewing tours can be arranged in Penang at the sales gallery. For overseas buyers, guided virtual tours and detailed walkthroughs can be provided remotely.
Still have questions?
Reach out to our team at info@alestriaproperty.com or complete the form to request a brochure, enquire about viewing tours, or ask us a general question. No hard sell, no obligation.