penangproperty

Arica @ Andaman Island

New LaunchfreeholdEst. 2027

Persada Mentari Sdn. Bhd. (Eastern & Oriental Berhad)

Arica @ Andaman Island

Andaman Island (Seri Tanjung Pinang Phase 2), Tanjung Tokong

From

RM 800K

RM 845+ PSF · Completion 2027

Sold out at launch (E&O and BERNAMA confirmed 100% take-up by November 2024). RM800,000 is the 2023 launch floor price, not a live asking price — anything available now is resale/sub-sale, and resale asks may sit above or below launch depending on the seller.

Tenure

freehold

Title

TBC

Total Units

380

Completion

2027

From
RM 800K
PSF
RM 845
Tenure
freehold
Total units
380
Status
under construction
Completion
2027

Price at a glance

Prices as at November 2026 — Developer launch prices basis. Last checked 2026-10-09. A negotiation floor, not what it trades at today.

Unit typeSize (sqft)Price fromPSF from
All units947–1,259RM800,000RM845
Z

Zac’s Take

Zac Ong

Arica is E&O's second launch on Andaman Island at Seri Tanjung Pinang: 380 serviced apartments in a 45-storey tower on a two-acre freehold parcel next to The Meg, due in 2027.

It's two- and three-bedroom homes only, about 947 to 1,259 sq ft, launched in 2023 from about RM800,000. It sold out by November 2024, with E&O reporting about 90% local buyers, so any unit now is a resale from an owner rather than from the developer.

It suits families and upgraders who want a home on the new island at a lower ticket than the landed homes nearby. Confirm the land title with your lawyer, since serviced apartments are often on commercial title, which changes utility rates and loan terms.

Arica @ Andaman Island price list 2026

0 of 2 unit types have a published price · completing 2027

TypeSize (sqft)Price fromPSF (derived)Units
2BR2 bedroom947–1,050On application——
3BR3 bedroom1,100–1,259On application——

PSF is derived, not quoted — each row divides that type's price by its own square footage. Developers do not always state whether a published size is built-up or nett, and the two can differ by 20%. Ask for both in writing before you sign.

Developer launch prices, last checked 2026-10-09. Developers reprice between phases — confirm the current list before committing.

No published unit type clears the RM1M foreign-buyer minimum, but 2 types are priced on application — those may qualify. Ask before ruling the project out.

2 unit types are priced on application

Usually the penthouses and duplexes — developers hold those back rather than publish them. I can get you the current figure and the floor plan directly.

📲 Ask for the current price list

⚠Serviced apartment on commercial land title, sold under the Housing Development Act — matching the pattern of The Meg on the same Andaman Island parcel. HDA cover means the statutory SPA, defect liability and developer licence apply as with a residential sale. The commercial TITLE changes your running costs: commercial utility and assessment tariffs, and a tighter loan margin at most banks. Confirm the exact title category on the SPA schedule before signing.

Arica @ Andaman Island completion date

Arica @ Andaman Island is expected to complete in 2027. It is under construction now.

Read that as the developer's target, not a guarantee. What matters contractually is the vacant possession date in your SPA — 36 months from the sale and purchase agreement for a strata title under the Housing Development Act, with liquidated damages payable if the developer misses it. A launch year quoted in marketing and the VP date you can enforce are different things, so check the SPA schedule before you plan a move-in or a tenancy.

Building specifications

Blocks
1
Floors
45
Total units
380

Facilities

Lap PoolChildren's Pool & Water PlayFamily JacuzziGarden SpaYoga LawnTerraced GardenPlaygroundBasketball Half-CourtSquash CourtsDance StudioGymnasiumEvent SpaceRooftop Lounges & DiningRooftop Event RoomBusiness LoungeConciergeDaycare

What's nearby

🏥 Healthcare

  • Gleneagles Hospital Penang
  • Island Hospital

🛍 Shopping

  • Straits Quay
  • Gurney Plaza
  • Gurney Paragon Mall

Monthly Instalment Calculator

Monthly Instalment

RM 3,231

Total Interest

RM 637,150

Total Outlay

RM 1,437,150

Estimates only — not an offer, quotation, or representation of the developer's actual pricing or package. Actual instalments depend on the bank's approved rate, tenure and margin of financing.

📲 Discuss financing options with Zac

Other projects in tanjung tokong

All 27 others we track here, cheapest first — 2 of them still selling.

Tanjung Tokong — area snapshot

Full area guide →

Tanjung Tokong is Penang Island's most active condo market, anchored by Straits Quay and home to a mix of expat and local upgrader demand. Low-density and ultra-luxury projects command significant premiums here.

Price range

RM 550K – RM 6.7M

asking prices in area

Active projects

2

selling or under construction

Subsale condos

25

completed projects

Total tracked

28

properties in this area

Total Cost Breakdown

Every cost you'll pay — stamp duty, legal fees, loan documentation, foreign levy. Real Penang numbers, not generic Malaysia estimates.

DownpaymentRM 80,000
SPA stamp duty (tiered 1–4%)RM 18,000
SPA legal feeRM 9,250
MOT stamp duty (at VP)

Tiered 1–4% on transfer value. Paid at Vacant Possession stage. Buyer's cost — rarely absorbed by developer.

RM 18,000
Loan stamp duty (0.5%)RM 3,600
Loan agreement legal feeRM 3,600
Valuation feeRM 2,000
Search, admin, miscRM 1,000
Gross upfront totalRM 135,450

New launch — typical developer savings

Toggle what the developer is absorbing. Confirm the actual package before signing.

Cash rebate3% = RM 24,000
0%5%10%
Total developer savings− RM 40,450

Net upfront (after savings)

Based on typical 2026 new launch package

RM 95,000

Estimates only, based on 2026 Penang state rules — not an offer, quotation, or representation of the developer's actual package. Actual costs vary by bank, lawyer, and case complexity. Confirm exact figures with Zac →

Frequently asked questions

What is the price of Arica @ Andaman Island?

+
Sold out at launch (E&O and BERNAMA confirmed 100% take-up by November 2024). RM800,000 is the 2023 launch floor price, not a live asking price — anything available now is resale/sub-sale, and resale asks may sit above or below launch depending on the seller.

Is Arica @ Andaman Island freehold or leasehold?

+
Arica @ Andaman Island is freehold. I have not been able to confirm the land title class — check it with the developer, because a commercial title changes your utility tariffs and loan margin.

Can a foreigner buy at Arica @ Andaman Island?

+
Possibly, on the larger units. Penang Island sets a RM1,000,000 minimum for foreign buyers of strata property, and the entry price is below it; ask for the price of the specific unit before you plan around it. Add the state levy, a flat 8% stamp duty, and 3–4 months for state consent.

When will Arica @ Andaman Island be completed?

+
Arica @ Andaman Island is expected to be completed in 2027, by Persada Mentari Sdn. Bhd. (Eastern & Oriental Berhad). That's the developer's target. The date that counts is the handover date in your sale agreement, which under Malaysian housing law is usually 36 months from signing.

How big are the homes at Arica @ Andaman Island?

+
Homes range from about 947 to 1,259 sq ft. There are 380 homes in total.

Can I still buy a unit at Arica @ Andaman Island from the developer?

+
No. Arica sold out — E&O and BERNAMA both confirmed 100% take-up back in November 2024. Anything available today is a resale or sub-sale from an existing owner, not a developer booking.

Who is the developer of Arica @ Andaman Island?

+
Persada Mentari Sdn. Bhd., a subsidiary of Eastern & Oriental Berhad (E&O) — the Penang heritage luxury developer behind Quayside, Andaman, Ariza, 18 East and the wider Seri Tanjung Pinang master-plan.

How does Arica compare to The Meg and Maris on Andaman Island?

+
Same island, three different products, all sold out from the developer. The Meg is the completed vertical high-rise, trading on the subsale market at roughly RM1,036-1,146 psf. Maris is E&O's residential-title condo next door. Arica is a single 45-storey tower, 380 larger 2- and 3-bedroom units, launch pricing from RM800,000 — the resale pool to watch if you want more space than The Meg's compact stock.

Substitutes worth comparing

Open full comparison →

Same area family, same property type, similar price band — what most buyers actually cross-shop.

From

RM 800K

Arica @ Andaman Island

Chat with Zac now