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, completed 2018, 210 units, 877–4,813 sqft) asks roughly RM1,200–1,500 PSF from ~RM1.105M; City of Dreams (Ewein Zenith, completed 2021, 572 units, 1,000–2,350 sqft) asks roughly RM1,300–1,400 PSF from ~RM1.178M.
- Neither project permits short-term rental/Airbnb under house rules, despite City of Dreams's serviced-apartment classification — both suit long-term rental or owner-occupation instead.
- Andaman @ Quayside's smaller unit count (210) and E&O/Seri Tanjung Pinang brand pull support a slightly wider, brand-aware resale buyer pool; City of Dreams's 572 units mean more listings active at any time.
- The PSF ranges genuinely overlap, so floor, view, and condition matter more than which building you pick — Andaman @ Quayside's edge is a lower entry price and 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 | 2018 | 2021 |
| Total units | 210 | 572 |
| Unit sizes | 877 – 4,813 sqft | 1,000 – 2,350 sqft |
| Sub-sale asking from | ~RM1.105M | ~RM1.178M |
| PSF (asking) | ~RM1,200–1,500 | ~RM1,300–1,400 |
| Property type | Condominium | Serviced apartment |
| STR / Airbnb | Not house-rule permitted | Not permitted |
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 corridor, 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 (2021 vs 2018) 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 genuinely wide — from a compact 877 sqft entry unit through to 4,813 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 1,000–2,350 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 specifically 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 implies short-term rental flexibility. It doesn't. City of Dreams does not permit Airbnb or short-term rental under its house rules, regardless of the serviced-apartment classification on paper. Andaman @ Quayside, as a standard E&O condominium, is also not positioned or house-rule-permitted for STR.
If short-term rental income is central to your investment thesis, 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 genuinely overlap — Andaman @ Quayside at roughly RM1,200–1,500 and City of Dreams at roughly RM1,300–1,400. Neither project has a clear, structural PSF advantage over the other; the specific unit's floor, view, and condition matter more than which building it's in.
Where the practical difference shows up is entry price: Andaman @ Quayside's smaller units bring its overall entry point (from ~RM1.105M) slightly below City of Dreams (from ~RM1.178M), even though City of Dreams's minimum unit size (1,000 sqft) is larger than Andaman @ Quayside's minimum (877 sqft) — reflecting the PSF difference at the entry tier.
Resale Liquidity
Andaman @ Quayside's smaller unit count (210) combined with the E&O/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 genuinely large unit at the top end of the size range
- You're comfortable with a smaller total building (210 units) and the tighter community that implies
Pick City of Dreams if:
- You want a newer-build (2021 vs 2018) 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 genuinely sit in the same buyer consideration set — same area, same tenure, same rough price band. My honest read: 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 specifically for Airbnb income — that thesis 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.