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Developed by Kobay SB Sdn Bhd, Laguna Bay Residences is a freehold high-rise residential project nestled in Teluk Kumbar, Penang. Rising 31 storeys high, this low-density seafront development offers just 342 units designed for urban island living combining coastal calm with city convenience.
With a practical 900 sq ft built-up and smart 3-bedroom layouts, every unit is crafted for modern lifestyles, offering value without compromise. Facing the southeast coastline of Penang Island, Laguna Bay Residences blends scenic views with access to transport links, lifestyle hubs and employment corridors.
As of August 2025, about 29% of the units have been sold, according to data from the Housing and Local Government Ministry (KPKT). This is referred to as the absorption rate, which shows how many units have been taken up by buyers so far. The average transacted price for non-landed homes around Laguna Bay is RM183,000 in 2024, with recent transactions ranging from RM111,537 to RM224,000. Laguna Bay's starting price of RM300,000 puts it at the upper end of the area’s market.
Laguna Bay's indicative price range of RM300,000 to RM569,000 for 900 sq ft apartments translates to a price per square foot (psf) of approximately RM333 to RM632. This is higher than the overall average psf of the other three projects, which all stand at RM324.
Specifically, Laguna Bay's entry-level price of RM333 psf is above the average price of its competitors and even exceeds the 75th percentile price of Taman Vanilla (RM320 psf). The higher end of Laguna Bay's pricing (RM632 psf) is significantly greater than the 75th percentile prices of Taman Emas (RM383 psf) and Taman Teluk Kumbar (RM367 psf).
This pricing strategy reflects Laguna Bay's market positioning, which is attributed to its seafront location and newer build.
The chart shows the distribution of prices for the 342 units at Laguna Bay Residences. A total of 150 units are priced in the RM250,000 to RM300,000 range, highlighting its entry-level market positioning.
Beyond this range, the number of units in each higher price bracket becomes progressively smaller, with only a handful of units in the RM500,001 to RM600,000 category.
Laguna Bay’s location offers seafront appeal, but buyers should be aware of a few considerations. The immediate area still lacks a vibrant mix of cafes, shops, and services within walking distance, which may not suit those who prioritise pedestrian-friendly living.
For purchasers under the PN1 affordable housing scheme, a 10-year resale restriction applies, limiting flexibility for early exit. Additionally, Jalan Teluk Kumbar, its main access route often experiences heavy traffic, with congestion during peak hours likely until road upgrades take place.
Project highlights:
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Tenure: Freehold
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Total units: 342
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Storeys: 31 (includes 9-storey parking podium, 3 levels of facilities)
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Layout: 900 sq ft | 3-bedroom apartments
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Developer: Kobay SB Sdn Bhd
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Location: Teluk Kumbar, Penang
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Indicative price range: RM 300,000 - RM 569,000
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Absorption rate: 29%
Nearby amenities:
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Shopping: Queensbay Mall, Sunshine Square
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Transport: Penang International Airport, Second Penang Bridge, Jalan Teluk Kumbar
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Employment: Free Trade Zone, Bayan Lepas Tech Park
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Healthcare: Pantai Hospital Penang, Klinik Kesihatan Balik Pulau
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Lifestyle: Local seafood spots, Teluk Kumbar town centre
Accessibility:
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Jalan Teluk Kumbar
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Tun Dr Lim Chong Eu Expressway
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Penang International Airport
Facilities:
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Swimming pool & jacuzzi
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Kid’s pool
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Outdoor gym
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Aerobics & yoga area
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Tai-Chi corner
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Reflexology path
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Viewing deck
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Reading area
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Landscaped garden zones
Lifestyle & community:
Laguna Bay Residences is ideal for young families, first-time buyers, or anyone dreaming of coastal living on Penang Island without the premium price tag. The low-density design ensures a peaceful retreat, while its strategic location connects you to everything that matters. It’s an entry point into beachfront living that doesn’t compromise on access or affordability.
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