Cantonment Residence Review 2026 — 2,009 sqft Floor, Pulau Tikus

Part of my Pulau Tikus 2026 buyer's guide. For the full corridor read — every project, PSF band, foreign-buyer angle and honest catch — start there. This piece drills into one specific decision within it.

Who actually buys a Pulau Tikus high-rise where the smallest unit is 2,009 sqft and the entry ticket is RM2.6 million? That is the right question about Cantonment Residence, BSG Property's upcoming freehold launch near the Penang Turf Club — 128 units across 34 storeys at roughly RM1,294 psf — because the answer rules most buyers out and tells the rest exactly why to look.

Housekeeping first, because it causes real confusion: this is not The Cantonment, the separate Malton (Melariang Sdn. Bhd.) building completed in 2015 with 71 units and sub-sale asking from roughly RM1,390,000. Same neighbourhood, near-identical name, about RM1.21M apart at entry — check which one a listing quotes.

Key takeaways:

• Two layouts, both large: Standard 2,009 sqft (3 bed, 3 bath) from RM2,600,000; Large 4,540 sqft (4 bed, 5 bath) from RM5,900,000.
• 128 units on 34 floors — low density for a tower this tall, and that is the amenity.
• ~RM1,294 psf is not the top of Pulau Tikus — The Anton goes higher. The size floor is what lifts the ticket.
• Completion is a soft 2028–2030, with sales not yet active as of mid-2026 — a multi-year commitment.
• Freehold, residential title, foreign-eligible — budget the ~RM78,000 levy on a RM2.6M unit.

The Buyer Is Space-First, Not Postcode-First

Most Penang launches keep shrinking floor plates to protect headline prices. Cantonment Residence does the opposite: its "Standard" 2,009 sqft three-bedder is what other towers would market as their largest layout, and the 4,540 sqft "Large" is a bungalow footprint in the sky — four bedrooms, five bathrooms, room for parents, adult children and live-in help under one freehold title.

So the buyer needs family-scale or multi-generational space in Pulau Tikus and is paying for square footage, not the cheapest way in. If your brief is a compact unit or a lower entry, Codrington Residence is the accessible Pulau Tikus new-build.

Not the Highest PSF in Pulau Tikus — Just the Biggest Floor

Read the psf column, not just the price column. At ~RM1,294 Cantonment Residence sits between Codrington and The Anton — upper-mid in Pulau Tikus, not ultra-prime. What makes the ticket RM2.6M is that you are buying a minimum of 2,009 feet of it. This is a "buy space" product, not a "buy the postcode cheaply" product.

Why the Hospital Cluster Is the Thesis, Not a Footnote

Pulau Tikus sits between George Town's heritage core and Gurney Drive's high-rise strip, with the island's densest private-hospital cluster — Gleneagles Penang, Island Hospital and Loh Guan Lye Specialists Centre — close by. For a retirement-minded buyer, or one planning around ageing parents, being minutes from that cluster is the reason to pay for this much space here rather than somewhere cheaper. My Penang retirement checklist explains why this pocket suits healthcare-priority buyers; the Pulau Tikus property guide covers the wider area. It is also the only new-build option in Pulau Tikus right now — the scarcity argument, or the reason to wait and watch how sales open.

BSG's Track Record Is Doing a Lot of Work Here

Nothing has traded yet, so there is no resale record to anchor an exit on; you are leaning on the developer and the area. BSG's Penang portfolio includes Marriott Residences on Gurney Drive (the first Marriott Residences in Southeast Asia), Nineten in Tanjung Bungah, Mira Residence and Middleton @ Minden Heights — delivered work, not a first-time outfit. My Waterstone review looks at BSG elsewhere.

Facilities are sized to the unit count: infinity pool, sky lounge, landscaped gardens, grand entrance and lobby, 24-hour security. With 128 homes on 34 floors — most towers this tall in Penang carry 300 to 600 — low density is the amenity. Current details are on the Cantonment Residence project page.

What Can Still Move Before You Sign

What is not locked yet:

• Completion. Estimates have floated around 2028–2030, and upcoming projects slip. Need a fixed date? A completed Pulau Tikus sub-sale is safer.
• Pricing, unit mix and finishes. All subject to change until the SPA. Get it in writing.
• Resale pool. A 2,009 sqft floor is a feature for the right owner and a liquidity constraint for the wrong one — fine on a long hold.
• Yield. Large-format units at this price do not optimise for rental percentage. This is a long-term family hold, not a cash-flow play.

None are dealbreakers — but an upcoming launch is never a like-for-like swap against a completed building.

Foreign Buyers and the Final Call

Cantonment Residence is freehold with residential land title and open to foreign buyers; every unit clears Penang Island's RM1 million minimum with room to spare, and the 3% state consent levy comes to roughly RM78,000 on a RM2.6M entry unit — budget it up front, not at the consent stage.

If you want serious freehold space in the healthcare corridor, trust BSG's record and can hold through a multi-year build, this is a genuinely interesting product. If you need a compact unit, a near-term move-in or a yield, it is not — decide that before the showflat does the persuading.

If you're seriously considering Cantonment Residence — or want to be sure you're comparing the right project against The Cantonment sub-sale — reach out directly.

Sources: Project pricing and PSF per developer listings and the Penang Price Index; comparables cross-checked against penangpropertytalk.com and EdgeProp listings.