2 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, drawing on 30 days of PropertyGuru search activity. This apartment development continues to draw buyer interest in the local market, maintaining its presence among those exploring residential options.
Pricing by Unit Types:- 3-Bedroom Units:
- Avg Asking Price: RM 680K
- Avg PSF: RM 602 psf
- Available Units: 1
- NORTHAM HOTEL (78m, 1 min) — Just a few steps away, providing a very convenient way to hop on a bus for your daily commute.
- WAWASAN OPEN UNIVERSITY (281m, 3-4 mins) — Another nearby stop that adds more route options for getting around the city.
- ALLIANCE FRANCAISE DE PENANG (546m, 6-7 mins) — A reputable cultural and language centre located within a comfortable walking distance.
- SMK WESTLANDS (573m, 6-7 mins) — A nearby secondary school that makes the morning school run much simpler for families.
- SJK (CINA) UNION (659m, 7-8 mins) — A well-known primary school in the area, offering a great education option close to home.
- GLENEAGLES MEDICAL CENTRE PENANG (416m, 4-5 mins) — One of Penang's leading private hospitals is just a short walk away for top-tier medical care.
- KLINIK TROPIKA (363m, 4-5 mins) — A handy local clinic for quick medical consultations and general healthcare needs.
- OH EYE CLINIC & SURGERY (393m, 4-5 mins) — Specialized eye care services located conveniently close to the development.
- PENANG PLAZA (1046m, 12-13 mins) — A classic shopping spot nearby for your retail needs and essential services.
- GIANT (1163m, 13-14 mins) — A reliable supermarket for picking up your weekly groceries and household supplies.
- JADE PALACE DIM SUM RESTAURANT (173m, 2-3 mins) — A fantastic spot for traditional dim sum just around the corner from your doorstep.
- STARBUCKS (273m, 3-4 mins) — Perfect for a quick coffee fix or a casual meeting place very close to home.
- CHOK DEE THAI (363m, 4-5 mins) — A popular local choice for authentic Thai flavours within a short walking distance.
- CIMB (171m, 2-3 mins) — Extremely close by, making it very easy to handle your banking and ATM needs.
- UOB (479m, 5-6 mins) — Another major bank within walking distance for added financial convenience.
- MCKL COLLEGE (PENANG, PYKETT CAMPUS) (829m, 9-10 mins) — A reputable tertiary institution nearby, great for students living in the area.
- MYNEWS.COM (263m, 3-4 mins) — A handy spot for grabbing snacks, drinks, or daily essentials on the go.
- 7-ELEVEN (568m, 6-7 mins) — Always reliable for late-night needs or quick convenience shopping.
- BURMA ROAD GOSPEL HALL (402m, 4-5 mins) — A local place of worship located just a short walk away.
- SRI MUNISWARAN TEMPLE (415m, 4-5 mins) — Conveniently accessible for residents attending religious services.
- E-BRIDGE PRE SCHOOL (470m, 5-6 mins) — A quality early childhood education option located very close to the residence.
- HOMESTEAD (432m, 5-6 mins) — Part of the vibrant academic community in this part of Georgetown.
- WAWASAN OPEN UNIVERSITY (498m, 5-6 mins) — Provides excellent higher education opportunities within an easy walk.
Highly attractive for: Young Professionals, Investors, Families with Children, Retirees
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: July 2, 2026








