The Landmark Review 2026 — Tanjung Tokong Freehold, Honestly

For the full picture of the neighbourhood, from prices to schools to the rules for foreign buyers, see my Tanjung Tokong 2026 buyer's guide. This post looks at one building in detail.

Yes, The Landmark is freehold — and no, the RM550,000 entry will not get a foreign buyer through the door. Both halves of that answer matter, because they describe two very different people looking at the same Tanjung Tokong tower.

Katana Development Sdn Bhd completed it in 2017: 290 units, layouts from 800 to 3,010 sqft, tracked entry RM550,000, psf running RM987 to RM1,154. Nine years on, it has the thing a new launch cannot offer — a resale history you can actually read.

Key takeaways:

• Freehold, 290 units, finished 2017 — an established address with real transaction evidence behind it.
• RM550,000 is the door price; RM987–1,154 is the per-foot reality. Do not mix the two when comparing.
• 800 to 3,010 sqft — nearly a fourfold spread, so the unit type decides the price.
• Foreign buyers only qualify on the larger, pricier layouts that cross RM1,000,000.
• Not the area's cheapest entry — Eight & Eight, City Residence and The Tamarind all undercut it on ticket.

Nine Years of Resale History Is the Selling Point

A building that completed in 2017 has been through its defect period, its first management committee, its first round of owners moving on. That record is why The Landmark trades where it does: buyers pay for the absence of delivery risk and for price discovery already having happened. If you are the kind of buyer who wants to see what units actually changed hands for before committing, an established tower like this is a better fit than a launch brochure.

What is on the market right now is listed on the Landmark sub-sale page; use it to check the floor and size behind any headline number.

800 sqft or 3,010 sqft — the Building Has Both

The size spread is unusually generous for one address. At the small end you have a compact unit an investor can hold; at the large end a family layout that competes with stock three times the entry price. Because psf and total price move differently across that range, anchoring to a single "Landmark price" will mislead you. Establish the square footage and the floor first, then ask whether the per-foot figure sits closer to RM987 or RM1,154 for that particular unit.

RM987 to RM1,154 psf Puts It Above the Area's Cheaper Freehold

Within Tanjung Tokong's established freehold stock, The Landmark is mid-to-premium on a per-foot basis. Buyers for whom the total ticket is the constraint should line it up against City Residence and The Tamarind, both of which sit lower on entry. For new-build alternatives in the wider area, Eight & Eight starts from RM691,000. None of those is automatically better — they are cheaper, which is a different thing — but if price is the filter, start there.

The Daily Radius From the Front Gate

Sekolah Kebangsaan Tanjung Tokong is close by, and Stonyhurst International School sits at Straits Quay, with Tenby and Dalat a short drive up the coast in Tanjung Bungah. Straits Quay is the nearby mall and marina, and the main private hospitals, Gleneagles Penang and Penang Adventist, are towards Pulau Tikus and George Town. That is a school-and-marina radius rather than a George Town heritage one, and it is the reason the area attracts families over weekend visitors. The Tanjung Tokong area guide sets out how the neighbourhood prices against Tanjung Bungah and Gurney.

What it rents for

Asking rents at The Landmark in the listings I tracked in September–October 2026 ran from about RM2,200 to RM4,500 a month, from studios of about 750–800 sq ft to 2,622 sq ft homes. Furnishing, floor and view move the number a lot, so treat this as a range to test against the specific unit, not a promise.

Foreign Eligibility Starts Well Above the RM550,000 Entry

Penang Island requires a foreign buyer to spend at least RM1,000,000 on strata property, plus a state levy of 1.5–3% — so at The Landmark only the larger, higher-priced layouts qualify. MM2H participants have more choice: they can buy from RM500,000 (residential, up to two homes). On exit, foreigners face RPGT of 30% in years one to five and 10% from year six; the RPGT calculator will show how much a longer hold changes the net.

Who this fits: buyers wanting an established, premium-tier freehold address with a multi-year track record; buyers who want to choose between compact and large-format within one building; foreign and MM2H buyers deliberately targeting a higher-tier unit to clear RM1M. Who it does not fit: anyone whose budget is anchored to the area's lowest entry price.

Sources: Zac Ong (REN 64593) verified this against developer records. Foreign-buyer minimum, state levy and stamp duty per Penang state and federal rules. Confirm current numbers before you sign anything. Asking rents from listings I track (September–October 2026).