Looking at the wider area too? My Tanjung Tokong 2026 buyer's guide compares every building, what it costs, and who each one suits.
These two sit within a few minutes' walk of each other in Tanjung Tokong, both freehold, both completed, both squarely in the premium sub-sale tier — and buyers comparing Tanjung Tokong condos almost always end up weighing these two against each other at some point. Here's the honest breakdown.
Key takeaways:
- Andaman @ Quayside (E&O, complete by 2017, 338 homes in towers 1F and 1H, about 914–4,800 sqft) asks roughly RM1,090–1,950 PSF from ~RM1.28M; City of Dreams (Ewein Zenith, completed 2020, 572 units, 1,000–2,370 sqft) asks roughly RM970–1,500 PSF, from ~RM700K for its smallest units and ~RM1.15M for a three-bedroom.
- Andaman @ Quayside can't be licensed for short stays; City of Dreams can only with a 75% management-body vote and a council licence — plan both as long-term rental or owner-occupation unless that licence route is confirmed.
- Andaman @ Quayside's position within E&O's wider Quayside/Andaman masterplan and brand pull support a slightly wider, brand-aware resale buyer pool; City of Dreams's 572 units (all in one building) mean more listings active at any time.
- The PSF ranges overlap, so floor, view, and condition matter more than which building you pick — City of Dreams has the lower entry price, thanks to its small units, while Andaman @ Quayside offers a much larger top-tier unit option.
At a Glance
| Factor | Andaman @ Quayside | City of Dreams |
|---|---|---|
| Developer | E&O Property Development | Ewein Zenith Sdn. Bhd. |
| Tenure | Freehold | Freehold |
| Completed | by 2017 | 2020 |
| Total units | 338 (towers 1F and 1H) | 572 |
| Unit sizes | about 914 – 4,800 sqft | 1,000 – 2,370 sqft |
| Sub-sale asking from | ~RM1.28M | ~RM700K (3-bed ~RM1.15M) |
| PSF (asking) | ~RM1,090–1,950 | ~RM970–1,500 |
| Property type | Condominium | Serviced apartment |
| STR / Airbnb | Not licensable (residential condo) | Licensable type; needs 75% vote + council licence |
Developer and Positioning
Andaman @ Quayside carries the E&O name and sits within the broader Seri Tanjung Pinang masterplan, directly adjacent to Straits Quay. That positioning matters for buyers who value the marina lifestyle and the long-run reinvestment story behind the wider STP/Andaman Island estate — E&O continues actively developing this area, which supports the area's trajectory over the coming decade, not just the building itself. For context on the scale of that ongoing investment, see my E&O landed guide.
City of Dreams is developed by Ewein Zenith, a name with less brand recognition outside Penang than E&O, but the project itself is newer (2020 vs 2017 or earlier) and considerably larger at 572 units. Scale here cuts both ways — more day-to-day resale listing activity, but also a bigger pool of owners potentially selling at the same time.
Unit Sizes and Who They Suit
Andaman @ Quayside's range is wide — from a compact 914 sqft entry unit through to penthouses of about 4,800 sqft at the top end. That spread means it serves two quite different buyer profiles under one roof: smaller-household owner-occupiers and investors at the entry tier, and multi-generational or entertaining-focused buyers at the penthouse tier.
City of Dreams runs a tighter 1,000–2,370 sqft band. This makes it more consistently family-scale throughout the building, but it doesn't offer Andaman @ Quayside's very large upper-tier option for buyers wanting exceptional space.
If you know you want a large, statement-scale unit, Andaman @ Quayside is where you'll find it in this pair. If you want consistent mid-to-large family sizing without the extremes, City of Dreams's range is more uniform.
The STR Question — Read This Before You Buy for Rental
Buyers sometimes assume "serviced apartment" branding at City of Dreams means you can Airbnb. Not automatically. Under the 2026 homestay by-law it is a licensable type, but only after the management body passes a 75% special resolution and the unit is licensed by the council — ask for both in writing. Andaman @ Quayside, a residential condominium, can't be licensed at all.
If short-term rental income is central to your investment case, neither of these two projects is the right vehicle — look instead at Georgetown's suites-format launches or Jelutong's SOHO product. See my foreign buyer STR guide for what actually works for that strategy.
Both projects are better suited to long-term unfurnished or furnished rental to Tanjung Tokong's expat and professional tenant pool, or to owner-occupiers.
PSF and Value
The PSF ranges overlap — Andaman @ Quayside at roughly RM1,090–1,950 and City of Dreams at roughly RM970–1,500, so City of Dreams tends to be the cheaper per square foot. Neither project has a clear, structural PSF advantage over the other; the exact unit's floor, view, and condition matter more than which building it's in.
Where the practical difference shows up is entry price: City of Dreams starts from about RM700,000 for its smallest units of about 670 sq ft, and its three-bedrooms from about RM1.15M in 2026 listings, while Andaman @ Quayside starts from about RM1.28M. That reflects both City of Dreams' small units and its lower per-square-foot asking.
Resale Liquidity
Andaman @ Quayside's position within a larger, established E&O masterplan combined with the Seri Tanjung Pinang brand pull tends to support a slightly wider and more brand-aware resale buyer pool. City of Dreams's much larger unit count (572) means more listings are typically active at any given time — useful if you're the buyer searching for a unit, less useful if you're the seller competing against other owners in the same building.
Neither project has a liquidity problem in absolute terms — both sit in an established, actively-traded pocket of Tanjung Tokong sub-sale stock.
When to Pick Each
Pick Andaman @ Quayside if:
- You want the E&O/Seri Tanjung Pinang brand and its ongoing masterplan reinvestment story behind your purchase
- You want the option of a large unit at the top end of the size range
- You're comfortable with a smaller, lower-density building and the tighter community that implies
Pick City of Dreams if:
- You want a newer build (2020 vs 2017 or earlier) with correspondingly more current building systems and finishes
- Consistent family-scale sizing across the building matters more to you than a very-large top-tier option
- You're comfortable navigating a larger resale pool when it's your turn to sell
Zac’s Take
Zac Ong
I get asked to compare these two constantly because they sit in the same buyer consideration set — same area, same tenure, same rough price band. My view: if brand pedigree and long-term area trajectory matter to you, Andaman @ Quayside's E&O connection is worth something real, not just sentiment — it ties you to a developer actively reinvesting in the surrounding precinct for decades. If you just want a newer, well-specified unit at a fair PSF and don't need the brand story, City of Dreams does the job cleanly. Neither is the wrong answer. What I'd steer you away from is buying either one for Airbnb income — that case doesn't work at either address.
Sources: Developer, tenure, completion year and unit-count figures per each project's listing at Andaman @ Quayside and City of Dreams; PSF and asking-price ranges from our own Penang Price Index tracking, cross-checked against current sub-sale listings.
If you're actively comparing these two or want a specific unit shortlist across either building, reach out directly. For the wider area context, see my Tanjung Tokong guide.