The WaterEdge Apartments @ Senibong Cove
Resale listings here run from RM398,000 to RM2,400,000 — a spread of RM2,002,000. Floor, facing and condition decide which end you pay. This page lays out price bands, rents, yields and risks across all 1 layouts.
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The WaterEdge Apartments @ Senibong Cove in 30 seconds
The WaterEdge Apartments @ Senibong Cove is a freehold condominium in Teluk Senibong, Masai, Johor Bahru, Malaysia, developed by Senibong Cove Development (the Malaysian project company of Australia's Walker Corporation) and completed in 2018. It comprises 1 block(s), 28 storeys and 585 units. Address: Persiaran Senibong, Teluk Senibong, Masai, 81750, Johor.
Layouts run 506 to 506 sq ft across 1 types. As at September 2026, resale listings range RM398,000 – RM2,400,000, with a mid-market level around RM1,399,000; transacted PSF sits at RM471–726 psf. Whole-unit rents are RM1,800 – RM8,500 a month, a gross yield of 4.7% – 4.7%. Maintenance: Not yet verified.
Transport position: about 19–21 km (estimated)
What kind of project is The WaterEdge Apartments @ Senibong Cove?
Every line below can be checked against the developer and official records. This is a completed 2018 project — you are buying a real unit you can walk into, not a rendering.
- Developer
- Senibong Cove Development (the Malaysian project company of Australia's Walker Corporation)Walker Corporation (Australia)
- Completed
- 2018Completed · resale stock
- Tenure
- FreeholdOpen to foreign buyers (min-price rules apply)
- Total units
- 5851 block(s) · 28 storeys
- Layouts
- 1See price table below
- Maintenance
- Not yet verifiedConfirm with the management office
- Transacted PSF
- RM471–726Recent resale range
- Gross yield
- 4.7–4.7%Whole-unit basis
Walker Corporation is a large Australian private property developer with several major integrated township projects in Australia. Senibong Cove is its flagship 208-acre waterfront township in Johor Bahru; planning is thorough and the reputation is good, though the pace of delivery has been steady rather than fast.
Teluk Senibong, Masai — what is around you
Full address: Persiaran Senibong, Teluk Senibong, Masai, 81750, Johor (81750). Location decides who rents from you — and how easily you resell.
🚉 Getting around
- 🚉 RTS / railabout 19–21 km (estimated)
- 🛂 Checkpoint (CIQ)about 18–20 km, roughly a 25–30 minute drive (estimated)
- 🚌 Other transportnot yet verified
🛍️ Malls & shopping
- 7-Eleven
- KSL City Mall
- Paradigm Mall Johor
- Johor Bahru City Square
🎓 Schools
- Smart Little Beans Early Reading Centre Permas Jaya
- SMK Permas Jaya 3
- SK Senibong
🏥 Hospitals
- not yet verified
1 layouts, from 506 to 506 sq ft
The table shows the current resale price band and rent band for each layout. Mid-market sits around RM1,399,000, the top of market reaches RM2,400,000 — within one layout the spread comes down to floor, facing and condition.
| Layout | Area | Bed / Bath | Resale price band | PSF | Monthly rent |
|---|---|---|---|---|---|
| Mix of multiple designs (1-3 bedrooms) | 506-1776 sf | TBC · — | RM398,000 – RM2,400,000 | RM787–4743 | RM1,800 – 8,500 |
Bands combine September 2026 listings with recent transactions; they are not live quotes. Actual prices depend on floor, facing, condition and negotiation.
Price range by layout
Bar spans the low to the high end of the market for that layout · in Ringgit
Rents: RM1,800 to RM8,500 a month
Whole-unit gross yield runs about 4.7% – 4.7%. That is gross — before maintenance, assessment, quit rent, insurance and vacancy. Net yield typically lands 0.8 to 1.2 percentage points below this.
Monthly rent by layout
Whole unit, unfurnished to basic furnishing · Ringgit per month
Who rents at The WaterEdge Apartments @ Senibong Cove, how long units sit empty, and who will buy from you later matter more than the yield figure. I can walk you through all three against your budget and purpose.
What actually gives The WaterEdge Apartments @ Senibong Cove its value
The Senibong Cove township is maturing and community amenities are gradually filling in, with scarce waterfront views
PSF is now clearly above older projects in the area, reflecting the brand premium
🏊 Facilities
- Multipurpose hall
- Childcare facilities
- Lounge
- Barbecue area
- Children's playground
- Badminton hall
- Fitness corner
- Jogging track
- Lap Pool
- Spa Pool
- Wading pool
- Swimming pool
- Gymnasium
- Aeroyoga room
- Landscaped garden
- Perimeter fencing
- Covered car park
- 24-hour security
Which kind of buyer are you?
Own-stay, investment, or a place for a child at school — the same project is judged on completely different things. Work out which one you are before you look at price.
Mid- to high-end owner-occupiers who want waterfront township living (a well-planned community with its own clubhouse and water frontage)
Investors who value the developer's long-term master plan and are prepared to hold
What I will not hide from you
Every project has weaknesses. An agent not mentioning them does not make them go away — it just means you find out after you have signed. Here is what is actually wrong with this one.
Data correction: public sources disagree on the total unit count (585 vs 1,168, the latter appearing to double-count Towers A and B); this site uses 585 units, so verify with the management office before purchase
The township is still under development and some amenities, such as a mall, are not yet in place
The total price range is very wide, so specific floor levels and orientations need careful screening
What else is there around Permas Jaya / Masai / Seri Alam?
Within one area, big price gaps usually have reasons: tenure, age, density, management. Compare across first, then decide which to look at closely.
| Project | Built | Tenure | Units | PSF | Price band | Yield |
|---|---|---|---|---|---|---|
| The WaterEdge Apartments @ Senibong Cove ← | 2018 | Freehold | 585 | RM471–726 | RM398,000 – RM2,400,000 | 4.7–4.7% |
| D'Ambience Residences (Pangsapuri Ikatan Flora) | 2014 | Freehold | 780 | RM333–527 | RM250,000 – RM600,000 | 4.0–4.0% |
| The Straits View Condominium | 2014 | Freehold | 120 | RM282–515 | RM300,000 – RM1,280,000 | 4.9–4.9% |
| Permas Ville Apartment (Block A / Block B) | — | Freehold | — | RM317–429 | RM350,000 – RM498,000 | 3.8–3.8% |
| Central Residences @ Permas Ville | — | Freehold | 291 | RM535–552 | — | — |
| Pan Vista Condominium | 1994 | Freehold | 315 | RM224–372 | RM250,000 – RM410,000 | 3.5–4.5% |
| Fair View Apartment | 2003 | Freehold | 164 | RM270–380 | RM278,000 – RM450,000 | 3.5–4.5% |
Full list on the Permas Jaya / Masai / Seri Alam area page.
What does buying here actually cost in 2026?
From 1 January 2026, stamp duty for foreign buyers of Malaysian residential property rose from 4% to 8%. Johor’s state consent levy rose from 2% to 3% (minimum RM30,000) from July 2025. Together with legal fees, this is the cash you need on top of the purchase price.
| Item | Basis | On RM1,000,000 |
|---|---|---|
| Purchase price | — | RM1,000,000 |
| Stamp duty (foreigner, 8%) | From 1 Jan 2026 | RM80,000 |
| Johor consent levy (3%) | Minimum RM30,000 | RM30,000 |
| Legal fees & disbursements (~1%) | — | ≈ RM10,000 |
| Total on top | — | ≈ RM120,000（12%） |
Johor sets a minimum purchase price for foreigners, and the rules differ between commercial title (serviced apartment / SOHO) and residential title. The WaterEdge Apartments @ Senibong Cove is Freehold — confirm with your lawyer which regime applies before you place a booking. Get this wrong and the transfer can fail. I can check the title category for this project first.
The 10 questions buyers ask me most
How much does The WaterEdge Apartments @ Senibong Cove cost on the resale market?
As at September 2026, The WaterEdge Apartments @ Senibong Cove resale listings run RM398,000 to RM2,400,000, with a mid-market level around RM1,399,000 and transacted PSF of RM471–726. By layout: Mix of multiple designs (1-3 bedrooms) (506-1776 sf) RM398,000–RM2,400,000. Within one layout the spread comes from floor, facing and condition — WhatsApp me for the live list.
What are rents and yields at The WaterEdge Apartments @ Senibong Cove?
Whole-unit rents run RM1,800 – RM8,500 a month, a gross yield of about 4.7% – 4.7%. That is gross: after maintenance, assessment, quit rent, insurance and vacancy, net yield is typically 0.8–1.2 points lower.
Is The WaterEdge Apartments @ Senibong Cove freehold, and can foreigners buy?
The WaterEdge Apartments @ Senibong Cove is Freehold. Foreigners may buy subject to Johor’s minimum purchase price for foreign buyers. Residential title and commercial title (serviced apartment / SOHO) fall under different rules — have your lawyer confirm which applies before booking. From 2026 foreign-buyer stamp duty is 8%, plus Johor’s 3% consent levy (minimum RM30,000).
When was The WaterEdge Apartments @ Senibong Cove completed and who built it?
The WaterEdge Apartments @ Senibong Cove was completed in 2018 and is occupied resale stock: 1 block(s), 28 storeys, 585 units. Developer: Senibong Cove Development (the Malaysian project company of Australia’s Walker Corporation). Walker Corporation is a large Australian private property developer with several major integrated township projects in Australia. Senibong Cove is its flagship 208-acre waterfront township in Johor Bahru; planning is thorough and the reputation is good, though the pace of delivery has been steady rather than fast.
How is transport at The WaterEdge Apartments @ Senibong Cove, and how far is the checkpoint?
about 19–21 km (estimated); about 18–20 km, roughly a 25–30 minute drive (estimated); not yet verified
What layouts does The WaterEdge Apartments @ Senibong Cove have?
1 layouts: Mix of multiple designs (1-3 bedrooms) 506-1776 sf (TBC). Areas run 506 to 506 sq ft. I can supply the developer’s official floor plans — WhatsApp me the layout you want to see.
What is the maintenance fee at The WaterEdge Apartments @ Senibong Cove, and what facilities are there?
Maintenance is about Not yet verified (confirm with the management office). Facilities include: Multipurpose hall, Childcare facilities, Lounge, Barbecue area, Children’s playground, Badminton hall, Fitness corner, Jogging track, Lap Pool, Spa Pool, Wading pool, Swimming pool, Gymnasium, Aeroyoga room.
Who is The WaterEdge Apartments @ Senibong Cove suitable for?
Mid- to high-end owner-occupiers who want waterfront township living (a well-planned community with its own clubhouse and water frontage); Investors who value the developer’s long-term master plan and are prepared to hold
What are the risks of buying at The WaterEdge Apartments @ Senibong Cove?
Data correction: public sources disagree on the total unit count (585 vs 1,168, the latter appearing to double-count Towers A and B); this site uses 585 units, so verify with the management office before purchase; The township is still under development and some amenities, such as a mall, are not yet in place; The total price range is very wide, so specific floor levels and orientations need careful screening
What malls, schools and hospitals are near The WaterEdge Apartments @ Senibong Cove?
Malls: 7-Eleven, KSL City Mall, Paradigm Mall Johor, Johor Bahru City Square. Schools: Smart Little Beans Early Reading Centre Permas Jaya, SMK Permas Jaya 3, SK Senibong. Hospitals: not yet verified.
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