Independent comparison
Waterstone against the Tanjung Bungah corridor
Three freehold condominiums on the same stretch of coast. Mira Residence is the closest comparable — same developer family, same density, same road. Alila2 is the premium benchmark. The numbers below come from public transaction records and current listings, not asking prices alone.
Competitor figures last verified
The addresses
This project
New launch
- Status
- Expected Q4 2028
- Developer
- BSG Property
- Scale
- 365 units · 40 storeys · 6 per floor
- Tenure
- Freehold
- Built-up
- 1,334 – 2,195 sq ft
- Price per sq ft
- ~RM900 – 1,100
- Price
- From ~RM1.2m
Derived from the indicative SPA prices (RM1.2m – RM2.4m) across the built-up range
Mira Residence
Completed
- Status
- Completed 2016
- Developer
- BSG Property (Taman Sri Setia Sdn Bhd)
- Scale
- 376 units · 32 storeys · 6 per floor
- Tenure
- Freehold
- Built-up
- 1,352 – 3,642 sq ft
- Price per sq ft
- RM722 median
- Price
- RM850k – 2.15m asking
3 transactions, Sep – Nov 2024; median price RM1.18m
Alila2
Completed · premium
- Status
- Completed 2018
- Developer
- Hunza Group (Nilai Arif Sdn Bhd)
- Scale
- 270 units · 33–34 storeys · 5 per floor
- Tenure
- Freehold
- Built-up
- 1,905 – 4,782 sq ft
- Price per sq ft
- RM863 – 1,458
- Price
- RM1.68m – 6.5m asking
Listing range; from RM775 psf at launch
Waterstone vs Mira Residence
The head-to-head comparison that matters most: two BSG projects on the same road, nine years apart.
| Mira ResidenceCompleted | This projectNew launch | |
|---|---|---|
| Status | Completed 2016 — nine years on the secondary market | Under construction · completion expected Q4 2028 |
| Developer | BSG Property (Taman Sri Setia Sdn Bhd) | BSG Property |
| Scale | 376 units across 2 towers, 32 storeys, 6 per floor, 5 lifts per tower | 365 units across 2 towers, 40 storeys, 6 per floor, 5 lifts (4 passenger + 1 service) |
| Tenure | Freehold | Freehold |
| Built-up | 1,352 – 3,642 sq ft (3 and 4 bedrooms, duplex) | 1,334 – 2,195 sq ft (3 and 4 bedrooms) |
| Price | Asking RM850k – 2.15m · transacted median RM722 psf (3 transactions, Sep – Nov 2024; median RM1.18m) | Indicative from ~RM1.2m to ~RM2.4m, ~RM900 – 1,100 psf derived from indicative SPA prices |
| Specification | Bare unit | Semi-fitted — kitchen cabinet, wardrobes, air-conditioning, water heater, hood, hob, oven, microwave, fridge, solid timber flooring |
| Parking | 2 – 4 bays per unit | 3 bays per unit |
| Market signal | Established secondary market with active listings | Launch inventory, direct from developer |
What the numbers say
Reading the comparison
Mira Residence was BSG’s previous Tanjung Bungah project, completed in 2016. It transacts at a median of RM722 psf after nine years on the secondary market. Waterstone launches at an implied RM900 – 1,100 psf — but it comes semi-fitted where Mira was delivered bare, and with three car park bays against Mira’s two to four.
Alila2 is Hunza’s luxury offering on the same coast, completed in 2018. At RM863 – 1,458 psf in the listing market, it sets the upper bound for what Tanjung Bungah freehold can command. Waterstone sits below that band, in a corridor between the established BSG resale and the Hunza premium.
Waterstone’s semi-fitted handover — kitchen cabinet, wardrobes, air-conditioning, water heater, appliances and solid timber flooring — is a specification Mira buyers had to add themselves. That narrows the real gap between a RM722 psf resale and a RM900+ psf new launch.
This is an independent marketing page. It is not affiliated with, endorsed by, or the official site of the developer or any party named here. Figures are compiled from the developer’s layout document and the project fact sheet, and may change without notice; verify everything with the sales team and your own solicitor before any decision.