Fettes Residence Review 2026 — 2,000 sqft Freehold Near Gurney

Part of my Tanjung Tokong 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 2,000 sqft unit in a tower that was finished in 2011? That is the real question at Fettes Residence, and the answer tells you whether the building is for you before you look at a single listing.

The short version: IOI Properties built 195 units in a single 35-storey freehold tower on Fettes Road, on the edge where Tanjung Tokong meets Mount Erskine. Tracked entry is RM1,139,000, with psf running RM583 to RM988, and the standard layout is around 2,000 sqft — with larger plans going well past that. The buyer here is someone who has priced floor area per ringgit across the corridor and noticed that the newer towers charge far more for far less.

Key takeaways:

• Around 2,000 sqft as the standard unit, not the showpiece — this is a space-first building.
• RM583–988 psf is a wide band, and almost all of that spread is renovation state and floor level, not location.
• Freehold residential title, 195 units, completed 2011 — an established building with a visible resale record.
• Entry of RM1,139,000 clears the RM1,000,000 foreign minimum, so overseas buyers are eligible from the cheapest unit up.
• Not the building for a compact quantum or the newest M&E — the newer Tanjung Tokong stock wins on both.

The Spread From RM583 to RM988 Is a Condition Report

When one building's psf ranges by nearly 70%, the location is not what is moving. At Fettes Residence the low end is an original-condition unit on a lower floor; the top end is a fully renovated, higher-floor unit with a cleaner aspect. Same tower, same title, same management — very different product.

That has two practical consequences. First, the headline "from RM1,139,000" is the original-condition price, and you should read it that way. Second, a well-renovated unit here is not overpriced just because it asks RM300 a foot more than its neighbour — you are buying someone else's refit, and in a 2011 building that can be worth a lot of disruption avoided. Ask for the renovation history and the floor before you compare any two listings.

Two Thousand Square Feet as the Default

Most towers in this corridor sell a 2,000 sqft unit as the upper tier. Fettes Residence sells it as the ordinary unit, and then goes bigger. That single fact decides who should be on the shortlist.

If your priority is floor area — a family that needs real bedrooms, a home office that is not a corner of the living room, space for parents visiting for months rather than days — this is the building I point to first in Tanjung Tokong, because you get the square footage without paying new-launch money for it. If your priority is the smallest sensible ticket in a good address, every one of these units is more space, and more quantum, than you need.

Fettes Road: Close to Gurney and Straits Quay, Priced Like Neither

The address sits on the Tanjung Tokong / Mount Erskine edge, an easy run to both Gurney Drive and Straits Quay. What you are getting is proximity to both lifestyle corridors without committing to either one's entry prices — and without the mall-podium or seafront premiums baked into the towers that sit on them. The Tanjung Tokong area guide sets out how the corridor compares on price and daily convenience if you want the wider context.

What a 2011 Completion Gives You, and What It Takes Away

Fifteen years of occupation is a genuine asset in one sense: the maintenance record exists, the body corporate has history, and there are actual resale comparables rather than a developer's forecast. You are buying a known quantity.

The trade is visible age. Against a fresh launch the building will show its years in lifts, lobby and services, and an original-condition unit will need money spent. That is why the renovation history of the specific unit matters more here than it would in a uniform new tower — and why the 3% state levy and the usual foreign stamp duty are not the numbers that should decide this purchase for an overseas buyer. Eligibility is comfortable; condition is the diligence.

Who Ends Up Choosing Fettes Residence

In practice it is three kinds of buyer: families who want genuine floor area at a sensible psf and would rather spend the difference on a refit than on a developer's margin; buyers who are comfortable with an established building in exchange for a settled track record; and people who want Gurney and Straits Quay within reach without living on either strip at those strips' prices.

Buyers who want a compact quantum, or the latest building systems, should look at the newer stock along the corridor instead. Current listings and the full spec are on the Fettes Residence project page.

Sources: Project prices, PSF, sizes, unit counts, tenure, land title, developer and completion year from our tracked dataset, compiled from developer price lists, official project sites and public listings. Sub-sale asking verified from live portal listings using the median-anchored method, with bait listings and relisted units excluded. RPGT rates and the s.21B retention per the Real Property Gains Tax Act (LHDN). Stamp duty per the Stamp Act (LHDN) — a flat 8% for foreign buyers, tiered 1–4% for citizens. The foreign-buyer minimum purchase price, 3% island / 2% mainland state levy and state consent requirement per Penang state policy and s.433B of the National Land Code. Figures move with the market — confirm current details with the developer or your solicitor before committing.