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Caspian Review 2026 — E&O's Semi-D Villa at Seri Tanjung Pinang

Caspian review: E&O's freehold semi-D villa at Seri Tanjung Pinang, completed 2015, 5,000 sqft built-up on 5,000-5,886 sqft land, RM4.6M+ current asking. Honest read by Zac Ong REN 64593.

28 September 2026· 8 min read· By Zac Ong
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Caspian, Tanjung Tokong, Penang — project photo for my 2026 review | Penang Property by Zac Ong

The verdict

4.7/ 5

Caspian is E&O's semi-detached villa in Seri Tanjung Pinang from the 2015 phase: about 5,040 sq ft built-up over three storeys on lots of 5,000 to 5,886 sq ft.

Price
from RM4.60M
Tenure
Freehold
Land title
Residential
Completion
2015
Full Caspian data, floor plans and current pricing →

Zac’s own rating, not user reviews.

Caspian sits in the middle tier of Seri Tanjung Pinang's landed cluster — noticeably more than the accessible semi-D entries (Acacia, Avalon) and noticeably less than the top-tier Villas By-The-Sea (Abrezza, Skye, Martinique). Semi-D format on 5,000-5,886 sqft plots with 5,040 sqft built-up, freehold residential title, completed 2015 by E&O. Current asking starts around RM4.6M. It's a specific-buyer product for families who want proper semi-D scale on strata-precinct convenience but don't need — or want to pay for — the private-lift-and-pool premium of Cayman Super Semi-D at RM6.5M.

The essentials: E&O's freehold semi-D villa cluster at Seri Tanjung Pinang, residential land title. Land plots 5,000-5,886 sqft, built-up 5,040 sqft, semi-detached (one shared wall) three-storey format. Completed 2015. Current asking from around RM4.6M. Foreign-buyer eligible (landed minimum RM3M). Rating 4.7/5.

Because Caspian portal listing depth is thinner than at the higher-volume clusters, the sensible move is to be flagged for specific fit when a unit comes to market rather than shop active inventory only. WhatsApp me with your criteria.

Caspian at a glance

FeatureDetail
DeveloperE&O Property (Penang) Sdn. Bhd.
TenureFreehold
Land titleResidential
LocationSeri Tanjung Pinang, Tanjung Tokong
Property typeSemi-D villa (3-storey)
Land plot5,000 – 5,886 sqft
Built-up5,040 sqft
Completion2015
Current asking~RM4.6M+
Foreign-buyer eligibleYes (landed minimum RM3M)
Zac's rating4.7/5

Where Caspian sits in the E&O villa hierarchy

Seri Tanjung Pinang's landed cluster is easiest to understand as three tiers. Tier 1 top villa cluster is Abrezza, Martinique and Skye — villa format at roughly RM6.4M-7.5M with the "Villas By-The-Sea" positioning. Tier 3 accessible semi-D entry is Acacia and Avalon — around 4,000 sqft built-up at RM3.2M-4.5M. Tier 2 sits between: Caspian and Andorra Skyloft Terraces at roughly RM3.9M-5.5M with premium format upgrades over Tier 3 without the top-tier villa price.

Caspian is the semi-D villa at Tier 2. Its 5,040 sqft built-up is 25% larger than Acacia's ~4,000 sqft, and its 5,000-5,886 sqft plot is noticeably bigger than Acacia's 40x80 plots. What you don't get versus Cayman Super Semi-D at RM6.5M: standard private lift and standard private pool. What you save: roughly RM1.9M at entry.

The trade is genuine for a specific buyer. Families who value the semi-D format at proper villa scale but don't need the elevator or the private pool find Caspian at RM4.6M+ is the rational answer. Families who use lift or pool find Cayman at RM6.5M compresses noticeably over 15-year hold. Both are legitimate; the choice depends on how you actually live.

Before you commit

Listing frequency is thinner than at Acacia or Avalon. Caspian is a smaller cluster with lower turnover. Expect to wait 6-12 months for the right unit if you have specific plot orientation or renovation-state preferences. Buyers on a defined timeline may find Cayman (also thin) or Skye (thin too) more available in the same window.

Semi-D format still means one shared wall. For most families this is a non-issue; for buyers coming from a bungalow it can be a real adjustment. Walk the wall on the shared side — check acoustic performance and whether the neighbouring plot's setback affects your side garden.

2015 completion means most units are around 11 years old. First major maintenance cycles may be approaching depending on how the JMC has handled the estate-wide infrastructure. Individual house upkeep is your responsibility as landed. Budget 1-1.5% of purchase price annually for exterior and structural maintenance.

Portal search data for Caspian is limited. Get transacting-agent price confirmation before offering rather than relying on portal averages. The RM4.6M+ figure is directionally correct but unit-by-unit pricing may vary noticeably based on plot orientation, renovation state and corner-unit premium.

Z

Zac’s Take

Zac Ong

Caspian is E&O's Tier 2 semi-D villa at Seri Tanjung Pinang — freehold residential title, 5,040 sqft built-up on 5,000-5,886 sqft plots, completed 2015, current asking from around RM4.6M. My view: this is a specific mid-tier semi-D answer for families who want the STP villa cluster at meaningful step-down from the Cayman Super Semi-D RM6.5M ticket, without paying for private lift and pool they may not use. Best fit is the family who wants proper 5,000 sqft interior on a real semi-D plot inside E&O's precinct. Not the pick if you want the seafront Villas By-The-Sea (Abrezza, Skye, Martinique) or if you'd use the private-lift-and-pool spec (Cayman then). Portal listing data is thinner than at the volume clusters — private alert model works better than shopping active inventory.

Where to start

Send me on WhatsApp whether you'd actually use a private lift or private pool at home. That answer is the Caspian-versus-Cayman filter — if yes, Cayman; if no, Caspian gives you the same interior scale at RM1.9M less.

Broader reads: Seri Tanjung Pinang Landed Villas 2026 is the full 8-cluster ranked read, Cayman Super Semi-D review for the premium-spec alternative, Abrezza review and Martinique review for the Villas By-The-Sea at the top of the range. For foreign-buyer costs, see the foreign buyer guide.


Current details and listings are on the Caspian project page.

Sources: Caspian project spec, tenure, plot dimensions and asking checked against E&O Property Development materials and portal search September 2026. Caspian's portal listing depth is thinner than at higher-volume STP clusters — recommend agent-quoted unit-by-unit asking verification before offering.

Frequently Asked Questions

How much does Caspian cost in 2026?

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Current subsale asking starts around RM4,600,000. Portal listings suggest a broader range depending on renovation state and specific unit orientation, though listing data at this price is thinner than at the Tier 3 STP villas. Portal search visibility is limited for Caspian, so specific current asking is best verified with the transacting agent before offering.

Is Caspian freehold?

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Yes. Caspian is freehold on residential land title, developed by E&O Property (Penang) Sdn. Bhd. inside Seri Tanjung Pinang, completed 2015. Clean legal setup — standard TNB tariff, standard bank loan margins.

How large are Caspian villas?

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Land plots run 5,000 to 5,886 sqft with built-up of 5,040 sqft. Configured as a semi-D villa format — one shared wall, three-storey layout, generous interior spread across the levels. Positioned between the accessible Tier 3 semi-Ds (Acacia, Avalon at ~4,000 sqft built-up) and the top-tier Villas By-The-Sea (Abrezza and Skye at about 5,200–5,300 sqft, Martinique at about 9,043 sqft).

Can foreigners buy Caspian?

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Yes. Ordinary foreign buyers need RM3,000,000 for landed homes on Penang Island, and Caspian at about RM4.6M is above that. Foreign-buyer costs: 8% flat stamp duty from 1 January 2026, 3% state levy on landed property, the RM10,000 consent fee, 3-4 months for state consent, and usually 70% loan-to-value.

How does Caspian compare with Cayman?

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Same semi-D typology, different specification and price. Caspian at RM4.6M+ is a semi-D villa without private-lift/private-pool standard features. Cayman Super Semi-D at RM6.5M has private lift and private pool at spec — that's the roughly RM1.9M premium at similar built-up. If you value premium features, Cayman. If you value semi-D format at ~30% lower price, Caspian.