Waterstone Tanjung Bungah Review 2026 | Is This Penang’s Best Freehold Sea View Family Residence?
“Penang has no shortage of condominium projects.
What Penang lacks today are large, family-sized residences located near the sea, offered with freehold ownership and practical layouts designed for real living.
This is where Waterstone stands apart.”
Located in the heart of Tanjung Bungah, Waterstone is a premium freehold residential development by BSG Property featuring spacious layouts, panoramic sea views, low-density living and one of the most family-friendly configurations currently available on Penang Island.
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Why Waterstone Stands Out
Many Penang buyers today face a common problem.
Most new launches offer smaller layouts that may work for investors but not necessarily for families.
Waterstone takes a completely different approach.
What Makes Waterstone Special?
✅ Freehold Residential Title
✅ Prime Tanjung Bungah Address
✅ Sea View & Hill View Options
✅ Large Family Layouts
✅ Only 365 Units
✅ 6 Units Per Floor
✅ 3 Car Parks Per Unit
✅ EV Charging Point Included
✅ Semi-Furnished Package
✅ Suitable For Multi-Generational Living
Unlike many modern projects, Waterstone focuses on lifestyle, comfort and long-term ownership rather than chasing compact investment units.
The Real Story: Location Matters
Tanjung Bungah remains one of Penang’s most desirable residential locations.
The area sits between:
📍 Gurney Drive
📍 Tanjung Tokong
📍 Batu Ferringhi
📍 Georgetown
Residents enjoy the convenience of city access while maintaining a more relaxed seaside lifestyle.
For many Penang families, Tanjung Bungah represents the sweet spot between urban convenience and coastal living.
The aerial masterplan clearly shows Waterstone positioned close to the coastline while being surrounded by established residential neighbourhoods.
A Rare Low-Density Development
One of Waterstone’s strongest selling points is its low-density design.
Project Highlights:
🏢 2 Residential Towers
🏢 Only 365 Units
🏢 Just 6 Units Per Floor
🏢 4 Passenger Lifts + 1 Service Lift
🏢 3-Tier Security
Compared to many modern developments exceeding 800-1,500 units, Waterstone offers a more exclusive living environment.
Spacious Layouts Designed For Real Families
Most projects today offer 800-1,000 sq ft.
Waterstone starts where many projects finish.
Available Layouts
Level 9 – 32
Type A2
2,152 sq ft
4 Bedrooms + 3 Bathrooms
Type B2
1,636 sq ft
3 Bedrooms + 3 Bathrooms
Type C2
1,388 sq ft
3 Bedrooms + 2 Bathrooms
Type D2
1,334 sq ft
3 Bedrooms + 2 Bathrooms
Type E2
1,334 sq ft
3 Bedrooms + 2 Bathrooms
Level 33 – 39 Premium Collection
Type A1
2,195 sq ft
4 Bedrooms + 3 Bathrooms
Type B1
1,722 sq ft
3 Bedrooms + 3 Bathrooms
Type C1
1,463 sq ft
3 Bedrooms + 2 Bathrooms
Type D1
1,410 sq ft
3 Bedrooms + 2 Bathrooms
Type E1
1,399 sq ft
3 Bedrooms + 2 Bathrooms
These layouts are especially attractive to:
✔ Growing families
✔ Multi-generational households
✔ MM2H applicants
✔ Retirees seeking larger homes
✔ Buyers upgrading from landed properties
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3 Car Parks Included
This is one of Waterstone’s most underrated advantages.
Many new Penang developments provide only 1 or 2 car parks.
Waterstone offers:
🚗 3 Car Parks Per Unit
🚗 EV Charging Point Ready
For family buyers, this solves one of the most common practical challenges.
Semi-Furnished Package Saves Renovation Cost
Many buyers underestimate post-handover renovation expenses.
Waterstone includes:
✅ Kitchen Cabinets
✅ Wardrobes In All Bedrooms
✅ Air Conditioners
✅ Water Heaters
✅ Hood & Hob
✅ Oven
✅ Microwave
✅ Induction Cooker
✅ Refrigerator
✅ Digital Lockset
✅ Shower Screens
This can significantly reduce renovation costs and make moving in easier.
Why MM2H Buyers May Like Waterstone
Waterstone ticks many boxes frequently requested by overseas buyers.
✔ Freehold Ownership
✔ Sea View Environment
✔ Large Layouts
✔ Family-Oriented Community
✔ Low Density
✔ Premium Residential Address
✔ Suitable For Long-Term Living
Rather than functioning as a short-term investment asset, Waterstone feels more like a permanent family residence.
Estimated Monthly Repayment
RM1.1 million
≈ RM4,900/month
RM1.3 million
≈ RM5,800/month
RM1.5 million
≈ RM6,700/month
Based on 35-year tenure.
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Frequently Asked Questions
Is Waterstone freehold?
Yes. Waterstone is a freehold residential development in Tanjung Bungah.
How many units are there?
Only 365 units across two towers.
How many units per floor?
Only 6 units per floor.
What are the unit sizes?
From approximately 1,334 sq ft to 2,195 sq ft.
How many car parks are provided?
Three car parks per unit, depending on layout selection.
Are EV charging points available?
Yes. One EV charging point is provided.
Is Waterstone suitable for families?
Yes. Large layouts, low density and multiple car parks make it one of the more family-oriented developments in Penang.
When is completion expected?
Q4 2028.
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✅ Latest Price List
✅ Available Units
✅ Sea View Unit Selection
✅ Floor Plans
✅ Layout Comparison
✅ Loan Eligibility Assessment
✅ MM2H Property Guide
✅ Site Visit Arrangement
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