The verdict
4.3/ 5The Cantonment is a 71-unit freehold block on Jalan Cantonment, Pulau Tikus, completed by Malton in 2015, with four layouts of about 1,000, 1,900, 2,150 and 5,500 sq ft.
- Tenure
- Freehold
- Land title
- Residential
- Completion
- 2015
Zac’s own rating, not user reviews.
Zac’s own rating, not an average of user reviews. It reflects one licensed agent’s assessment of this project against others he tracks in Penang.
Looking at the wider area too? My Pulau Tikus 2026 buyer's guide compares every building, what it costs, and who each one suits.
The most important number at The Cantonment is the gap between what sellers ask and what units actually sell for. EdgeProp's record of sales over the past four years shows a median of about RM784 per sq ft. A 2,009 sq ft unit listed in July 2026 asked about RM2.5M, roughly RM1,244 per sq ft. If you buy here, you negotiate from the first number, not the second.
Key takeaways:
- 71 freehold units in one 32-storey block on Jalan Cantonment, completed 2015 by Malton.
- Four layouts: about 1,000, 1,900, 2,150 and 5,500 sq ft.
- Recent sales median about RM784 per sq ft (range about RM554–1,161); asking prices run far higher.
- Low density, close to Gleneagles and the Pulau Tikus hospital belt.
- At eleven years old, the sinking fund matters.
Two products under one roof
The compact end, about 1,000 sq ft, is a Pulau Tikus apartment at the neighbourhood's entry level. Its competition is newer stock like Codrington Residence and the older resale buildings around Jalan Burma. The 1,900 and 2,150 sq ft layouts are family homes. The 5,500 sq ft Type C is a near-house, weighed against landed property elsewhere on the island.
Different sizes, different buyers, different resale pools. Always attach a floor area to any price you're quoted.
Asking versus selling
EdgeProp's four-year record shows sales from about RM554 to RM1,161 per sq ft, with a median around RM784, and a record high of about RM1,500 per sq ft in 2017. Asking prices today often sit well above that range. That doesn't mean nobody will pay more, but it does mean you should ask the agent for the building's recent transactions before you make an offer, and treat an asking price above about RM1,100 per sq ft as a starting point for negotiation, not a value.
Seventy-one owners share everything, including the bills
Facilities include a pool and wading pool, gym, sauna, barbecue area, playground, sun deck, rooftop terrace, community hall and a car-wash bay. Spread across 71 households, the pool is usually quiet and the gym rarely busy.
The flip side is cost. Lifts, façade repairs and waterproofing on an eleven-year-old building get split 71 ways instead of 400. Ask the management for the sinking-fund balance, what has been drawn in the past five years, any works planned in the next three, and the service charge per sq ft. On the 5,500 sq ft unit, multiply that rate out before you fall for the floor plan.
Three look-alike names
| Project | Road | Status | Units |
|---|---|---|---|
| The Cantonment | Jalan Cantonment | Completed 2015 | 71 |
| Cantonment Residence | Jalan Cantonment | Targeting 2030 | 128 |
| Codrington Residence | Lebuhraya Codrington | Completed 2026 | 198 |
The single question that settles any listing is the completion year. If the agent says 2015, you're looking at this building.
Foreign buyers
Penang Island's minimum for foreign buyers of condos is RM1M. The larger layouts clear it comfortably. The 1,000 sq ft units are borderline: at recent sale rates they may sell below RM1M, so confirm the exact price before you plan on buying one. The state levy is 1.5% between RM1M and RM1.5M and 3% above, plus the flat 8% foreign stamp duty.
Where I'd say no
- If you want new. Codrington completed in 2026; this building is from 2015 and shows it.
- If you're buying for yield. Pulau Tikus condos rent at roughly 3.5–4% gross on asking rents, and the large units rent for much less as a percentage.
- If a concentrated special levy would hurt. Seventy-one owners on a mid-life building is a small pool to absorb a big bill.
Where I'd say yes: space buyers who want 2,000 sq ft or more in Pulau Tikus without going landed, low-density buyers who've priced the shared-cost risk, and families anchored to the hospital and school belt.
Zac’s Take
Zac Ong
The Cantonment is a quiet, low-density freehold address in the heart of Pulau Tikus, with layouts from compact to near-house. The thing to get right is price: recent sales sit well below many asking prices, so negotiate from the transaction record. Read the sinking-fund statement too, because 71 owners share every major bill.
Current details and listings are on the Cantonment project page.
Sources: Storeys, units and layouts from StarProperty; four-year transaction range, median and 2017 high from EdgeProp's building page; July 2026 asking price from a PropertyGuru listing. Foreign-buyer threshold and levy per the Penang Land Office guideline (August 2024).
Tell me the square footage you're after and I'll tell you whether what's listed is worth taking, including when the honest answer is that the compact units are better value a few streets away.