
Waterstone
Waterstone | Tanjung Bungah, Penang | Freehold 3-4 Bedroom Sea View
In short
Waterstone is a high rise condominium in Tanjung Bungah, Penang by BSG Property. The development holds 365 units, 39 storeys, 3 to 4 bedroom layouts, built-ups from 1,334 to 2,152 sq ft. The land is freehold, completion is set for Q4 2028.
About Waterstone
In Tanjung Bungah, Penang, Waterstone is the current release, on a site of 2.4 acres. It is planned as 2 towers, 365 homes, 39 floors, 6 units to a floor.
There are 3 layouts on offer covering 3 to 4 bedrooms between 1,334 and 2,152 sq ft. It gives Waterstone a mix rather than a single repeated plan.
Waterstone is developed by BSG Property on freehold land. The land usage is classified as residential.
On paper the development reads as 39 floors at 6 units each, 5 lifts serving them, a site of 2.4 acres, a residential land title.
Unit types
Get the floor plans →Waterstone is released in 3 layouts from 1,334 to 2,152 sq ft. The entry plan is Type E2 at 1,334 sq ft with 3 bedrooms. The largest is Type A2 at 2,152 sq ft running to 4 bedrooms.
| Type | Built-up | Bedrooms | Bathrooms |
|---|---|---|---|
| A2 | 2,152 sq ft | 4 | 3 |
| B2 | 1,636 sq ft | 3 | 3 |
| E2 | 1,334 sq ft | 3 | 2 |
Floor plans
Ask for full resolution →Gallery
13 artist impressionsWhy buyers take it
Held on a residential title. Assessment and utility tariffs follow the residential schedule rather than the commercial one. On a monthly bill that gap is real, and a lot of new stock cannot offer it.
Layouts running to 4 bedrooms. Family-sized stock is a smaller pool than studios and twos, which cuts both ways: fewer competing units when you sell, and fewer comparables when a bank values it.
Completion set for Q4 2028. A published target gives the liquidated damages clause in the sale and purchase agreement something to bite on. Ask for the date in the agreement, which is the one that counts.
6 homes to a floor. A short plate means a short corridor, fewer doors between the lift and yours, and neighbours you will actually recognise. It is decided by the floor plan and cannot be changed afterwards.
Freehold. No lease to run down and no state consent needed on a future sale — which also means no lease-extension cost landing on a later owner.
Why some walk away
The smallest home here is 1,334 sq ft. Maintenance on a strata title is charged by share unit, which tracks area, so the monthly outgoings on any unit in this building sit well above a typical two-bedroom. Budget for that before the space wins you over.
No facility list is on record here. Ask for one in writing. What is shared decides a good part of the monthly charge, and a render of a pool is not a commitment to build one.
It is not built yet. What you are buying is a drawing and a delivery date. Completion is set for Q4 2028, and dates set by developers move. Read the sale and purchase agreement on the liquidated damages clause, not the brochure.
Every figure on this page comes from the developer. Unit counts, built-ups, distances and completion dates are as published by the developer or its appointed agents, and none of it is independently verified. Check anything you intend to rely on against the sale and purchase agreement.
Project details
| Developer | BSG Property |
|---|---|
| Location | Jalan Loh Poh Heng, Tanjung Bungah |
| State | Penang |
| Property Type | High Rise Condominium |
| Tenure | Freehold |
| Land Title | Residential |
| Land Area | 2.4 acres |
| Towers | 2 Towers |
| Total Units | 365 |
| Total Floors | 39 |
| Units per Floor | 6 |
| Lifts per Floor | 5 |
| Completion | Q4 2028 |
What it costs a month
Full calculator →Starting price RM 1,200,000, at a 90% margin over 35 years at 3.7%. Change any figure and the instalment follows.
An indication only. The starting price moves with each release, and a floating rate moves with the OPR.
Six Residences Per Floor
The number that defines this development is six. Six units per floor plate, served by four passenger lifts plus a dedicated service lift. On a 39-level tower that is a deliberately low count, and it is what separates Waterstone from the higher-density towers that dominate the Penang Island market.
The practical consequences show up in the everyday details. Lift waiting times stay short because fewer households share the core. The tower corridor runs around 6 feet wide, so it reads as a proper approach rather than a service passage. Ceiling height is approximately 10.5 feet, which is well above the standard for a Malaysian condominium and is immediately noticeable the moment you walk into a unit. Balconies run around 63 sq ft, with a water tap and a power socket already provided, so the outdoor space is usable rather than decorative.
Every unit comes with three car park bays — either one single plus one tandem, or three singles, depending on the unit — located across Levels 1 to 7. One EV charging point is provided. For a 1,334 sq ft home, three bays is generous by any standard on the island.
### Unit Types at Waterstone
The developer publishes three layouts. All three sit in the lower band, Levels 9 to 32, and share the same six-units-per-floor plate.
| Type | Size | Bedrooms | Bathrooms | |---|---|---|---| | Type A2 | 2,152 sq ft | 4 | 3 | | Type B2 | 1,636 sq ft | 3 | 3 | | Type E2 | 1,334 sq ft | 3 | 2 |
Across the whole development the developer states a built-up range of 1,334 to 2,195 sq ft, so larger layouts exist in the upper band. Those have not been released publicly yet — ask us and we will send the details as soon as the developer publishes them.
Facilities on Level 8
The whole facility deck sits on Level 8, with the link bridge at Level 9 connecting the two towers. Everything is on one level rather than scattered across a podium, which in practice means you use it more.
- **Water** — swimming pool, hydrotherapy pool, wading pool, open pool deck- **Fitness** — gymnasium, outdoor gym, yoga deck, two pickleball courts- **Social** — private dining room, poolside dining, BBQ pavilion, tea house, outdoor tea garden, recreation area, games room- **Family** — kids’ playground, reading space- **Support** — management office, male and female changing rooms with washroom and steam room, landscaped grounds
The tea house and outdoor tea garden are the part worth noticing. Most Penang developments put a generic lounge on the deck and stop there; a dedicated tea space with its own garden is a different kind of amenity, and it suits the hillside setting.
Security runs on three tiers — guard house, lobby, and lift access — in a gated and guarded community.
Semi-Fitted Handover
Units are handed over semi-fitted. What is included: kitchen cabinets, wardrobes in every bedroom, air conditioning in every bedroom, water heater, hood and hob, oven, microwave, induction cooker and fridge, digital lockset, the large bathroom mirrors and shower screens.
Note the timing: the furnishing package requires an additional three to six months of installation after vacant possession, or earlier where possible. Factor that into your moving-in plan rather than assuming handover and move-in are the same date.
Location & Connectivity
Tanjung Bungah — also written Tanjung Bunga — is the coastal stretch between George Town and Batu Ferringhi on the north shore of Penang Island. It is a settled address rather than a new frontier: the schools, the market, the cafés and the beach are all already there, which is the reason this side holds its appeal.
Schools are the strongest card. Tenby Schools Penang, Dalat International School and Prince of Wales Island International School are all in the immediate area, which is why the neighbourhood draws expatriate and returning-family households as consistently as it does.
Tanjung Bungah Beach is a short walk from the site. Daily needs are covered by Tanjung Bungah Fresh Market, with the retail and café clusters at Tree Square and Permai 32 within walking distance. Pearl Hill Park sits in the green belt behind the development.
Access is via Jalan Tanjung Bunga, the coastal road that runs east into George Town and west toward Batu Ferringhi. That single road is both the convenience and the constraint of this address — it puts the city about fifteen minutes away in ordinary traffic, and it is worth driving at your own commuting hour before you decide.
Developer Background
Waterstone is developed by BSG Property, a Penang-based developer with its sales gallery at Permai Galleria, Lot 10111, Jalan Lembah Permai, 11200 Tanjung Bungah. The development sits on approximately 2.4 acres of freehold land held on a residential title, comprising two towers of 39 levels with 365 units in total. Construction is at Stage 2A, and completion is targeted for Q4 2028. Viewings are by appointment.
Frequently Asked Questions
**Is Waterstone freehold?** Yes. The land is freehold and held on a residential title.
**What unit types are available at Waterstone?** Three layouts have been released so far — Type A2 at 2,152 sq ft (4 bedrooms), Type B2 at 1,636 sq ft (3 bedrooms) and Type E2 at 1,334 sq ft (3 bedrooms). The developer states a built-up range of 1,334 to 2,195 sq ft across the development, so further layouts exist but have not been published yet.
**How many units and floors does Waterstone have?** 365 units across two towers, Tower A1 and Tower A2, of 39 levels, with six residences on each floor plate.
**What is the difference between the Level 9–32 and Level 33–39 layouts?** They are the same plans, sized up. Each “1” series unit on Levels 33 to 39 is larger than its “2” series counterpart below — between 43 and 86 sq ft depending on the type — and sits higher in the tower.
**How many car parks come with each unit?** Three bays per unit, either one single plus one tandem or three singles depending on the unit, on Levels 1 to 7. One EV charging point is provided.
**What facilities does Waterstone have?** The facility floor is Level 8 and includes a swimming pool, hydrotherapy pool, wading pool, gymnasium, outdoor gym, yoga deck, two pickleball courts, a private dining room, poolside dining, BBQ pavilion, tea house and outdoor tea garden, games room, kids’ playground and reading space. The link bridge between the two towers is at Level 9.
**When will Waterstone be completed?** Completion is targeted for Q4 2028. Construction is currently at Stage 2A.
Want to know the price for Waterstone? PM us now — our consultant will contact you immediately.
Location
The address places Waterstone in Tanjung Bungah, Penang at Jalan Loh Poh Heng, Tanjung Bungah.
Developer: BSG Property
Waterstone is developed by BSG Property. See other projects by this developer →
Waterstone, answered
Is Waterstone freehold or leasehold?
Waterstone in Tanjung Bungah, Penang is held on a freehold title on a residential land title.
What unit types are available at Waterstone?
Waterstone offers 3 layouts from 1,334 to 2,152 sq ft — Type A2 at 2,152 sq ft, Type B2 at 1,636 sq ft, Type E2 at 1,334 sq ft.
How many units does Waterstone have?
Waterstone in Tanjung Bungah, Penang has 365 units across 39 floors at 6 units per floor.
When will Waterstone be completed?
Completion for Waterstone is scheduled for Q4 2028 Dates are set by the developer and can move.
Who is the developer of Waterstone?
Waterstone is developed by BSG Property.
Where exactly is Waterstone?
Waterstone is in Tanjung Bungah, Penang at Jalan Loh Poh Heng, Tanjung Bungah Malaysia.
How much is Waterstone?
Waterstone in Tanjung Bungah, Penang starts from RM1,200,000 as an indicative developer list price for built-ups from 1,334 sq ft. Ask us for the current price list, which moves with each release.
How do I get the floor plans for Waterstone?
Message us on WhatsApp and a licensed representative sends the floor plans, the current developer price list and unit availability for Waterstone. There is no fee to the buyer.
Is Waterstone freehold?
Yes. The land is freehold and held on a residential title.
How many units and floors does Waterstone have?
365 units across two towers, Tower A1 and Tower A2, of 39 levels, with six residences on each floor plate.
What is the difference between the Level 9–32 and Level 33–39 layouts?
They are the same plans, sized up. Each "1" series unit on Levels 33 to 39 is larger than its "2" series counterpart below — between 43 and 86 sq ft depending on the type — and sits higher in the tower.
How many car parks come with each unit?
Three bays per unit, either one single plus one tandem or three singles depending on the unit, on Levels 1 to 7. One EV charging point is provided.
What facilities does Waterstone have?
The facility floor is Level 8 and includes a swimming pool, hydrotherapy pool, wading pool, gymnasium, outdoor gym, yoga deck, two pickleball courts, a private dining room, poolside dining, BBQ pavilion, tea house and outdoor tea garden, games room, kids' playground and reading space. The link bridge between the two towers is at Level 9.
Something here not answered?Ask about Waterstone on WhatsApp →
Guides worth reading before you decide
Tanjung Bungah is the low-density corner of Penang, and one building proves it
The Tanjung Bungah market this sits in.
Freehold vs leasehold, and what it changes for you
Freehold on a residential title — the combination that costs least to run.
Penang island or mainland: the same budget, four times the floor area
What the same budget buys on the other side of the channel.
How much can you actually borrow?
Start from what you can borrow, not from the asking price.
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Floor plans, current price list, unit availability.
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