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Martinique Review 2026 — The 12 Largest Seafront Villas at Seri Tanjung Pinang

Martinique review: the largest of E&O's Villas By-The-Sea at Seri Tanjung Pinang. 12 two-storey courtyard villas, 9,043 sq ft built-up on about 11,300–11,900 sq ft of land, RM6.7M–7.5M asking.

28 September 2026· 7 min read· By Zac Ong
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Martinique, Tanjung Tokong, Penang — project photo for my 2026 review | Penang Property by Zac Ong

The verdict

4.6/ 5

Martinique is the largest of E&O's three Villas By-The-Sea designs in Seri Tanjung Pinang, and there are only 12 of them.

Price
RM6.70M–RM7.50M
Tenure
Freehold
Land title
Residential
Completion
2013
Full Martinique data, floor plans and current pricing →

Zac’s own rating, not user reviews.

Martinique is the largest of E&O's three Villas By-The-Sea at Seri Tanjung Pinang, and there are only twelve of them. Each is a two-storey seafronting villa in a Caribbean style, built around an internal courtyard with its own pool: about 9,043 sq ft built-up on 11,275 to 11,860 sq ft of land, with five bedrooms plus a staff room. In 2026 they were asking about RM6.7M to RM7.5M.

Key takeaways: Martinique costs about the same as the other two Villas By-The-Sea, Abrezza and Skye, but gives you far more house and far more land. Only 12 exist, so the right one may take a long time to appear. Living is mostly on two levels around a courtyard, which suits families who prefer fewer stairs. The trade-offs are the upkeep of a very large home and a build that's now more than a decade old.

The biggest of the three seafront villas

E&O designed three villas for its seafront enclave: Abrezza, Skye and Martinique. Abrezza and Skye are three-storey villas of about 5,200 to 5,300 sq ft on 5,000 to 7,800 sq ft of land. Martinique is a different kind of home: it spreads across two storeys rather than stacking up, wraps around a private courtyard and pool, and is roughly 70% larger inside than the other two, on more land.

That's why it often wins on value. In 2026 all three asked roughly RM6.4M to RM7.5M, so per square foot of house or land, Martinique is the most generous.

Living around a courtyard

The courtyard is what makes Martinique feel like a private estate rather than a townhouse on a big scale. Rooms open onto the inner garden and pool, so the home looks inward for privacy, while the upper floor and the seaward side take in the water. With most of the living spread over two floors, it also suits older family members who'd rather not climb three storeys every day.

Who it suits

Martinique suits a family that wants a true large-plot seafront home in a guarded enclave, especially multi-generational households who need space for everyone without going vertical. It also suits second-home buyers from Hong Kong, Singapore or Taiwan whose idea of a family home is a big single-plot house with a pool.

It doesn't suit a buyer with a fixed move-in date, since with twelve villas the right one may not come up for a year or more, or anyone who wants a low-maintenance home: a 9,000 sq ft house with a courtyard and pool is a lot to look after.

What to check before you offer

Condition and renovation. The villas date from around 2013. Some have been renovated, others are largely original, and that accounts for much of the spread between RM6.7M and RM7.5M. Ask what was upgraded and when, and get photos before you view.

Upkeep is yours. Security and common landscaping are shared, but the roof, exterior, plumbing, pool and garden are the owner's. On a home this size, budget around 1% to 1.5% of the price each year.

Orientation and view. Not every villa has the same sea view. Walk the actual plot, check the view from the upper floor and the afternoon sun on the main living areas.

Reclaimed land. STP sits on E&O's reclaimed land. The ground has long settled, but at this price it's normal due diligence to have your lawyer review the geotechnical report.

Z

Zac’s Take

Zac Ong

Martinique is the one I point space-first buyers to. For roughly the same money as Abrezza or Skye you get a home about 70% larger on nearly double the land, built around a private courtyard and pool, mostly on two levels. The catch is scarcity: there are only twelve, so it's a waiting game rather than a shopping trip. If you can wait, it's the best value of the three seafront villa designs; if you can't, Abrezza or Skye will come up more often.

Next steps

Tell me on WhatsApp your family size, budget and how long you can wait. Because Martinique rarely comes up, I keep a short list of serious buyers and let them know when one does.

For the full picture, read all eight STP villa clusters compared and the Abrezza review. For foreign-buyer costs, see the foreign buyer guide.


Current details and listings are on the Martinique project page.

Sources: Villa type, storeys, built-up, land area and features from E&O's Seri Tanjung Pinang Villas By-The-Sea page; the 12-villa count from project listings. 2026 asking prices from portal listings in September 2026. Foreign-buyer rules from the Penang land office (PTG) guidelines updated 1 August 2024.

Frequently Asked Questions

How much does Martinique cost in 2026?

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Asking prices in September 2026 ran from about RM6.7M to RM7.5M. With only 12 villas, listings are rare, so expect to wait for the right one rather than choose from active stock.

How big are Martinique villas?

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E&O lists Martinique as a two-storey seafronting villa with an internal courtyard and a private swimming pool, built-up from about 9,043 sq ft on 11,275 to 11,860 sq ft of land, with five bedrooms plus a staff room. It's the largest of the three Villas By-The-Sea designs.

How many Martinique villas are there?

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Twelve. That makes it one of the scarcest landed products in Penang: at any time there are usually none or one on the market.

Is Martinique freehold?

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Yes, freehold on residential title, developed by E&O Property (Penang) Sdn. Bhd. in the Seri Tanjung Pinang masterplan and completed around 2013.

Can foreigners buy Martinique?

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Yes. Ordinary foreign buyers need RM3,000,000 for landed homes on Penang Island, and every Martinique is priced well above that. They also pay a flat 8% stamp duty, a 3% state levy on landed property and the RM10,000 consent fee; state consent takes about 3–4 months and banks usually lend up to 70%.

How does Martinique compare with Abrezza and Skye?

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All three are E&O's Villas By-The-Sea and ask roughly RM6.4M to RM7.5M. Abrezza and Skye are three-storey villas of about 5,200 to 5,300 sq ft on 5,000 to 7,800 sq ft of land. Martinique is bigger on both counts, about 9,043 sq ft over two storeys on roughly 11,300 to 11,900 sq ft, with a courtyard and pool, so on space it's the strongest value of the three.