The Penthouse @ Tanjung Tokong Review 2026 — 22 Units, One Per Floor, and the Price of That Privacy

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 lives in a 29-storey tower with only 22 front doors? That is the right first question for The Penthouse @ Tanjung Tokong, because the answer tells you whether this building is for you faster than any price list will. The people who buy here are not shopping for a Tanjung Tokong condo. They are shopping for a private house that happens to sit 20 floors up — about 5,058 sqft of it, on a whole floor to themselves, freehold, from RM3,460,000.

Tamarins Group, through Method 123 Sdn Bhd, completed the tower in 2017 on Jalan Bunga Hinai. PSF runs RM771 to RM890, and the duplex at the top stretches to roughly 9,000 sqft.

Key takeaways:

• One unit per floor, 22 units total, 29 storeys — the lift opens onto your own lobby, not a corridor.
• Standard units around 5,058 sqft, the duplex penthouse roughly 9,000 sqft — landed-house scale on a strata title.
• From RM3,460,000 at RM771–890 psf — the per-foot figure is ordinary for Tanjung Tokong; the quantum is not.
• Freehold, completed 2017, so you are buying a settled building, not a rendering.
• Not for: anyone who needs a liquid resale market or a compact entry ticket into the corridor.

Twenty-Two Front Doors in Twenty-Nine Storeys

Most Tanjung Tokong towers put four, six or eight households on every level. The Penthouse puts one. Practically, that means no shared corridor outside your door, no neighbour's cooking through the wall, no queuing for the lift with the rest of the floor at 8am, and a lobby on your level that belongs to you alone.

That is the entire proposition, and it is worth being honest that it is a lifestyle purchase rather than a financial one. You pay for privacy the way you would pay for a detached house on its own plot — except here the plot is a floor plate. If that idea does nothing for you, stop reading and look at the corridor's conventional stock. If it does, the rest of the numbers are easier to justify than they first appear.

5,058 Square Feet Is a House, Stacked

A standard unit here is around 5,058 sqft. For context, that is more floor area than most semi-detached houses on the island, and roughly three of the 3-bedroom layouts you would find in a typical Seri Tanjung Pinang tower put together.

Space like that changes how you use a home: a proper dining room rather than a dining corner, a study that is a room and not a desk, a family wing and a guest wing. The duplex penthouse at roughly 9,000 sqft takes that further still. Buyers comparing against landed property in Tanjung Bungah or Batu Ferringhi should note what you give up — no garden, no private gate — and what you gain: a single secure entry, building maintenance handled for you, and a high-floor outlook that no landed plot in the corridor can reproduce.

Cheap Per Foot, Expensive Per Key

Here is the number that confuses people. At RM771–890 psf, The Penthouse is not priced at a premium per square foot — plenty of newer, denser towers in Tanjung Tokong ask more per foot than this. What makes the building expensive is the multiplication: 5,058 sqft times even the low end of that range gets you past RM3.4M before you have chosen a floor.

So the way to read the price is not "is RM3.46M a lot for Tanjung Tokong?" (it is) but "what does RM771–890 psf buy me in a building where I own the whole floor?" On that framing it is fair value, arguably keen. On the first framing it is the top of the corridor. Both are true; decide which lens is yours.

For a foreign buyer, the RM3,460,000 entry clears Penang Island's RM1,000,000 strata minimum more than three times over, so eligibility is not a question — only the 3% state levy and the flat 8% foreign stamp duty need to be in the budget, and a 30% RPGT rate if you sell inside five years.

Resale Is Measured in Years, Not Weeks

Twenty-two units means twenty-two owners, and owners of 5,000 sqft freehold floors do not move often. On the buy side that means patience: a good unit may not come up for a year or more, and when one does you will not have three comparables from the same building to benchmark it against. On the sell side it cuts the other way — thin competition from within the tower, but a thin pool of buyers who want and can afford this format.

What this is not is a flip. Treat any purchase here as a decade-plus hold, and treat the tracked RM3,460,000 entry as a reference point to be confirmed against a live listing, not a price you can walk in and pay next month.

Jalan Bunga Hinai, and a 2017 Building

The tower sits on Jalan Bunga Hinai in the established residential part of Tanjung Tokong, a short drive from Straits Quay one way and Gurney Drive the other; the Tanjung Tokong area guide covers the corridor's day-to-day detail.

Completed in 2017, the building has had the better part of a decade to settle: management corporation in place, defects period long behind it, real service charges visible in the accounts. For a purchase at this scale that matters — you can inspect the actual building, the actual lobby and the actual floor you would own, rather than trusting a developer's brochure. Current availability, when there is any, sits on the Penthouse 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.