This projectWaterstone
Tanjung Bungah · High-rise
- Tenure
- Freehold
- Built-up
- 1,334 – 2,152 sq ft
- Bedrooms
- 3 – 4
- Completion
- Q4 2028
- Units
- 365
- From
- RM 1,100,000
Waterstone
Waterstone | Tanjung Bungah, Penang | Freehold 3-4 Bedroom Sea View
From RM 1,100,000around RM 4,200 a monthFreehold3 – 4 bed1,334 – 2,152 sq ft365 homesCompletion Q4 2028
Floor plans, price list, availabilityIn 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 storeys 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.
| Layout | Rooms | Size |
|---|---|---|
| A2 | 4 bed · 3 bath | 2,152 sq ft |
| B2 | 3 bed · 3 bath | 1,636 sq ft |
| E2 | 3 bed · 2 bath | 1,334 sq ft |
Floor plans
Ask for full resolution →Gallery
13 artist impressions
Why 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.
Our take
Which Waterstone layout fits most households?
Waterstone in Tanjung Bungah, Penang is, for most buyers, best taken as a Type B2, offering three bedrooms with three bathrooms across 1,636 sq ft, which is 302 sq ft beyond the two-bathroom Type E2. Type A2, at 2,152 sq ft, only makes sense if a fourth bedroom is needed.
- Why Type B2
- The plan gives the master its own bath and places Bedroom 3 next to Bath 2, while Bath 1 and Bedroom 2 are set on the kitchen side, apart from the other rooms. That works well for a parent or older child.
- Pick differently if
- Type E2, at 1,334 sq ft, if one bathroom can serve Bedrooms 2 and 3. Type A2, at 2,152 sq ft and the biggest plan released so far, adds a fourth bedroom.
- Check before you book
- Type B2 is limited to Levels 9 to 32. A larger version occupies Levels 33 to 39, and its plan has not been released, so request it before choosing a floor.
Shall we pull the Type B2 plan for the tower and level you prefer? Ask us on WhatsApp →
By the MyPropertyHub team · Our view, based on the floor plans the developer has released.
Project details
| Handover | Q4 2028 |
|---|---|
| Title | Freehold · Residential |
| Building | High Rise Condominium |
| Homes | 365 |
| Storeys | 39 |
| Blocks | 2 |
| Homes per floor | 6 |
| Lifts per floor | 5 |
| Site | 2.4 acres |
| Address | Jalan Loh Poh Heng, Tanjung Bungah |
| Built by | BSG Property |
What it costs a month
Full calculator →Starting price RM 1,100,000, at a 90% margin over 35 years at 3.7%. Change any figure and the instalment follows.
Monthly instalment—
Loan amount—
Down payment—
Total interest over the tenure—
Total repayment—
An indication only. The starting price moves with each release, and a floating rate moves with the OPR.
Location
The address places Waterstone in Tanjung Bungah, Penang at Jalan Loh Poh Heng, Tanjung Bungah.
Developer: BSG Property
Waterstone, answered
What is the land tenure of Waterstone?
Freehold — Waterstone sits on a residential land title.
Which layouts and sizes does Waterstone come in?
3 layouts, 1,334 to 2,152 sq ft: 2,152 sq ft (Type A2), 1,636 sq ft (Type B2), 1,334 sq ft (Type E2).
How many homes are there in Waterstone?
365 homes over 39 storeys, 6 to a floor.
When is Waterstone due to complete?
The developer's target is Q4 2028. Handover can move with construction progress, so check the date in the SPA.
Which developer is behind Waterstone?
It is a BSG Property project.
What is the address of Waterstone?
The address on record is Jalan Loh Poh Heng, Tanjung Bungah, Penang.
How much is Waterstone?
From RM1,100,000 for built-ups from 1,334 sq ft — the developer's indicative list price. Ask us for the current price list, which moves with each release.
How do I get the floor plans for Waterstone?
Ask on WhatsApp. We send every floor plan for Waterstone with the developer's current price list and the units still open, at no cost to you.
Something here not answered?Ask about Waterstone on WhatsApp →
Compare
Waterstone vs The Marin and Blossom Suites
The 2 closest new launches in Tanjung Bungah, side by side.
This project
The Marin
Tanjung Bungah · High-rise
- Tenure
- Freehold
- Built-up
- 1,750 – 1,850 sq ft
- Bedrooms
- 3+1
- Completion
- Completed (2018)
- Units
- 149
- From
- RM 1,300,000
vs Waterstone: RM 200,000 higher starting price · already completed · layouts from 1,750 sq ft
Blossom Suites
Tanjung Bungah · High-rise
- Tenure
- Freehold
- Built-up
- 506 – 2,852 sq ft
- Bedrooms
- 1 – 3
- Completion
- Q1 2030
- Units
- 402
- From
- RM 645,040
vs Waterstone: RM 454,960 lower starting price · keys 2 yrs later · layouts from 506 sq ft
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.
More in Tanjung Bungah and elsewhere in Penang
See all 5 in Tanjung Bungah →
Tanjung Bungah, Penang
Floor plans, current price list, unit availability.
Ask about Waterstone and it comes back the same day.