3 Houses for Sale at MBF Tower
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MBF Tower is a beautifully designed and a unique freehold condominium development located in Jalan Sultan Ahmad Shah, Penang. The construction of this project was done by a famous development company and the development of this project was completed a long time ago in the year 1988. It is considered to be a great addition to the Penang property. The property is going to boom in the future, making it ideal from an investment perspective. MBF Tower is indeed a great place to live in. The development offers many great facilities and features that the residents of many new developments only dream of having. The residents of the development can enjoy a lounge area in the development where they can sit and enjoy their leisure time. There is a nursery in the development where the residents can enjoy some fresh environment in the development. The development company did not forget about the children and has developed a lovely children’s playground in the development where the children can enjoy while remaining in the development and without worrying the parents. MBF Tower was developed strategically keeping in mind the importance of accessibility of the location. The residents do not have to worry about moving to and from the location even if they do not have their own vehicles. The development is easily accessible via major roads and highways of the area. Public transportation is also available in the area and the residents can use taxis and buses to move to and from the location easily. Other than its strategic location, the area is surrounded with plenty of amenities. The residents do not have to worry about anything in the area because everything is easily available in the locality. Educational institutions such as Melody Kindyland, REAL Kids Georgetown, The One Academy Penang and SRJK © Perempuan Cina are just a short distance away from the development. There are many shopping spots as well near the development and few of the famous shopping spots near the development are namely 7-11, Penang Plaza, The Kean Sai Sdn Bhd and New World Part from where the residents can shop for almost anything they want. Furthermore, there are many eateries, mosques, petrol stations, churches and hospitals as well in the area, making sure that the residents of the development do not have to worry about anything. MBF Tower provides other facilities and features as well, such as a badminton hall where the residents can enjoy some sports activities while remaining in the development and enjoy a healthy lifestyle. The development also provides complete parking facility for its residents. Most importantly, the development is equipped with modern security gadgets and provides 24 hour security to its residents to make sure that the residents are protected from any kind of external threats while they are in the development. MBF Tower has a great design and consists of 28 floors. The built up area of the units in the development ranges between 1200 sq ft and 1400 sq ft. The buyers have the option to select from different designs as well. The buyers also have the option to rent out the units, making the development attractive from investment point of view as well. The development company of the MBF Tower made sure that there was no cost cutting done on the project. The development company went a step ahead to make sure that the residents do not have to face any kind of issue in the development. The starting selling price of the units in the development starts from RM 1,200,000 and rises accordingly to the view and the design of the unit. The rent of the units in the development starts from RM 2500 per month. The development company of the MBF Tower is considered to be an expert in the field of residential property development. They are known for developing excellent high quality buildings, houses, apartments and condominiums with the latest and innovative designs. They are professional and dedicated development company and have taken a strong interest in making MBF Tower up to date start of art project so that residents of the building can enjoy their life while living in the city. The development company made sure that the MBF Tower becomes a landmark for future developments and attracts people from all over the city. There are many other great developments in the area, making the area attractive and charming. Few of the great developments are namely 11 Gurney Drive, 12 Khaw Sim Bee, 25 Jalan Gemas, 25 Lebhhraya Scot and 28 Logan.
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Recent search data shows the project remains relevant to active buyer seekers in the area, according to PropertyGuru's 30-day search trends. This apartment development continues to draw buyer interest in the local market, maintaining its presence among current property listings.
Pricing by Unit Types:- 3-Bedroom Units:
- Avg Asking Price: RM 550K
- Avg PSF: RM 497 psf
- Available Units: 1
- NORTHAM HOTEL (78m, 1 min) — Ultra-convenient stop located just steps away for a quick daily commute.
- WAWASAN OPEN UNIVERSITY (281m, 3-4 mins) — Easy access to additional bus routes serving the university and coastal areas.
- ALLIANCE FRANCAISE DE PENANG (546m, 6-7 mins) — Renowned cultural and language center providing unique educational opportunities nearby.
- SMK WESTLANDS (573m, 6-7 mins) — Established secondary school within walking distance for local families.
- SJK (CINA) UNION (659m, 7-8 mins) — Highly regarded primary school offering quality education in the immediate neighbourhood.
- GLENEAGLES MEDICAL CENTRE PENANG (416m, 4-5 mins) — Top-tier private hospital providing comprehensive medical services and specialist care.
- OH EYE CLINIC & SURGERY (393m, 4-5 mins) — Specialized eye care facility located conveniently close for routine check-ups.
- KLINIK TROPIKA (363m, 4-5 mins) — Handy local clinic for immediate healthcare needs and general consultations.
- PENANG PLAZA (1046m, 12-13 mins) — Classic shopping destination for daily essentials, groceries, and retail services.
- FRANCE TAIPEI BRIDAL PENANG (696m, 8-9 mins) — Part of the vibrant local retail scene along the main thoroughfare.
- JADE PALACE DIM SUM RESTAURANT (173m, 2-3 mins) — Popular spot for traditional morning tea and Cantonese cuisine just a short stroll away.
- STARBUCKS (273m, 3-4 mins) — Familiar coffee house nearby, perfect for casual meetings or a quick caffeine fix.
- LE BRUNCH (258m, 3-4 mins) — Local eatery offering convenient dining options for residents who enjoy eating out.
MBF Tower exhibits a focused market profile with recent transaction data reflecting a period of price adjustment.
- PSF Appreciation: RM405.771 → RM362.832 over recent years (-10.58%) from 2024 - 2025.
- Transactions: 1 sale transaction in the last 12 months, showing limited sale activity.
- PG Pulse Insight: With a current median price of RM362.832 and limited sale activity, the project is currently navigating a phase of price correction.
Published date: August 3, 2026




