Data-quality note: 4 fields on this guide are unverified or pending Zac's direct input — see "Sources & gaps" at the bottom of this page for the full list.
Penang Island
Tanjung Tokong
Northern Penang Island's most coveted address
Condo PSF
RM 650–1400
Avg Yield
4.2%
Avg Rent (condo)
RM 2,800
Active projects
2
Character
Coastal, low-density residential enclave mixing heritage bungalows with premium condominiums. The northern corridor's most desirable postcode — close to Gurney Drive's amenities without the congestion. Strong expat community anchored by Straits Quay.
Lifestyle scorecard
Zac's honest 1–10 rating across the dimensions buyers care about most.
✅ Pros
- Strong sea view availability in premium condos
- Dominant freehold land supply — rare on the island
- High expat rental demand = strong yields
- Close to Gurney Drive amenities without peak-hour gridlock
- Most new launches here are residential title
⚠️ Cons
- Premium pricing — entry above RM700K for most condos
- Jalan Tanjung Tokong traffic during morning peak hours
- Limited affordable options — not suitable for first-time buyers on tight budget
Transaction benchmark
April 2024 - March 2025 (trailing 12 months)Median PSF (all-residential)
RM 589
Median price
RM 720K
Sample
333 residential transactions across 58 projects/townships (all residential, not condo-only)
25th–75th percentile range: RM425,000 - RM1,360,000 (25th-75th percentile)
NAPIC does not publish locality-level (Tanjung Tokong) sub-sale condo PSF. Brickz aggregates JPPH transaction data and is the closest verifiable public source. Figure covers ALL residential (landed + non-landed) in the locality, not condo-only. Specific condo example: Tanjung Park Condominium median RM667.53/sq ft trailing 12 months.
Sources
For unit-by-unit recent transactions on any specific Tanjung Tokong project, ask Zac for the latest →
📈 What to watch over the next 3 years
Verifiable upcoming events from named, dated announcements — not price speculation.
- Tanjung Tokong is NOT served by the Mutiara LRT Line alignment (line runs island-south: Silicon Island - Airport - FIZ - Komtar - Penang Sentral). Wikipedia notes a potential future extension to Tanjung Bungah is under discussion but unfunded. Net effect over the next 3 years: relative transit accessibility advantage shifts toward Bayan Lepas and Komtar corridor, not Tg Tokong.
- Ascott Ltd and a local developer have announced a 99-unit luxury beachfront Ascott Residences in the Tanjung Tokong/Tanjung Bungah coastal stretch, slated to open by 2028 - signalling continued positioning of the strip as upscale serviced/branded residence territory.
- Active new-supply pipeline in the immediate area includes Eight & Eight (UDA Holdings) and Dua Tanjung along Jalan Desiran Tanjung, plus Crown Penang serviced residences (Ivory + Chin Hin JV) near Seri Tanjung Pinang - meaning sustained new-stock competition for resale units over the next 24-36 months.
Projects in Tanjung Tokong
2 selling · 1 upcoming · 25 completed
Selling now & under construction
🚀 Upcoming
- Dua Tanjung · UDA Land (North) Sdn Bhd
One of the most active foreign buyer corridors in Penang. Singapore, HK, Taiwan, and MM2H applicants all shop here regularly. Most projects clear the RM 1M minimum easily; state consent processing is well-understood by local conveyancing firms.
Foreign buyer guides →Hero photo: Wikimedia Commons contributor (verify exact uploader on file page) · CC-BY-SA-4.0 (verify on file page before use)
Sources & data gaps (4)
Honest list of what couldn't be verified from public sources for this area (research completed 2026-06-24). These need Zac's direct input.
- •No condo-only PSF figure for Tanjung Tokong - Brickz aggregates all residential; NAPIC publishes only district-level (Timur Laut), not locality.
- •No quantitative traffic/congestion index for the Tg Tokong arterial.
- •No expat density data at postcode/locality level; MM2H statistics are state-level only.
- •publicForumQuestions: no specific Reddit/Lowyat thread surfaced for Tanjung Tokong in the searches performed. Recommend manual scrape of PPT comment threads on Tg Tokong articles.