BSG Property and VST (joint venture)
Cantonment Residence
Pulau Tikus, near Penang Turf Club
From
RM 2.60M
RM 1294+ PSF · Completion 2030
Tenure
freehold
Title
residential
Total Units
128
Completion
2030
- From
- RM 2.6M
- PSF
- RM 1294
- Tenure
- freehold
- Total units
- 128
- Status
- upcoming
- Completion
- 2030
Price at a glance
Prices as at September 2026 — Developer prices basis. Last checked 2026-09-11. The project has not completed — no resale market yet.
| Unit type | Size (sqft) | Price from | PSF from |
|---|---|---|---|
| 3+1 Bedroom · 3+1 Bedroom — from 2,009 sqft | 2,009–2,400 | RM2.6M | ~RM1,083 |
Zac’s Take
Zac Ong
Cantonment Residence is BSG Property's boutique high-rise on Cantonment Road in Pulau Tikus — a single 34-storey tower of just 128 units, freehold, residential title, with completion around 2030.
Pricing opens from about RM2.6M (roughly RM1,294 psf). The pitch is a scarce Pulau Tikus address at low density, in one of the island's most walkable expat pockets. The trade-off is a long runway: at a ~2030 completion, this is for buyers comfortable holding through a multi-year build.
My honest take: the location and density are the assets here. If you want to lock a Pulau Tikus unit early and can wait out the construction period, it's worth a look. If you need something to move into soon, look at completed stock instead. Ask me for the current price list and payment schedule.
Unit Types
Standard
2009 sqft · 3 bed · 3 bath
RM 2.60M
📲 Register InterestLarge
4540 sqft · 4 bed · 5 bath
RM 5.90M
📲 Register InterestCantonment Residence price list 2026
1 of 3 unit types have a published price · entry from RM2.6M · completing 2030
| Type | Size (sqft) | Price from | PSF (derived) | Units | Foreign buyer |
|---|---|---|---|---|---|
| 3+1 Bedroom3+1 Bedroom — from 2,009 sqft | 2,009–2,400 | RM2.6M | ~1,083 | — | Eligible |
| 4+1 Bedroom4+1 Bedroom — approx 2,400-3,200 sqft | 2,400–3,200 | On application | — | — | Below RM1M |
| PenthousePenthouse — up to 4,540 sqft | 3,200–4,540 | On application | — | — | Below RM1M |
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 price — the project has not completed, so there is no resale market to compare against, last checked 2026-09-11. Developers reprice between phases — confirm the current list before committing.
Foreign buyers must clear RM1M per unit (Penang island floor), then pay a state levy and a flat 8% stamp duty on top. See the true cost of buying as a foreigner.
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 listCantonment Residence completion date
Cantonment Residence is expected to complete in 2030.
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.
Facilities
What's nearby
🏥 Healthcare
- Loh Guan Lye Specialist Centre1.0km
- Pantai Hospital Penang1.2km
- Island Hospital1.8km
- Gleneagles Penang2.0km
🎓 Schools
- Dalat International School1.5km
- Methodist Boys School Penang1.0km
- Penang Chinese Girls' High School1.0km
- Convent Pulau Tikus800m
🛍 Shopping
- Gurney Plaza1.5km
- Gurney Paragon1.5km
- Burmah Square500m
- Island Plaza3.0km
💎 Premium tier — what actually matters
At this price tier, buyers care about a different set of numbers
Most Cantonment Residence buyers pay cash or use private banking — so monthly instalments aren't the metric. The questions Zac gets asked are:
- · Resale liquidity — how long to find a buyer in 5 years
- · Capital appreciation — what the area has done over 3, 5, 10 years
- · Carrying cost — maintenance + tax + utilities, not loan
- · Estate planning — title structure, inheritance handling
- · Foreign buyer levy & consent — true total cost basis
- · Lawyer / private banker network — who handles transactions well
Other projects in pulau tikus
All 6 others we track here, cheapest first — all trading sub-sale.
- CascadiaRM800K
- ArcadiaRM850K
- The CantonmentRM1.23M
- Codrington ResidenceRM1.4M
- Moulmein RiseRM2.18M
- The AntonRM3.9M
Pulau Tikus — area snapshot
Full area guide →Pulau Tikus is a mature, low-rise residential neighbourhood favoured for its quiet streets and proximity to international schools. Low new supply makes completed units here relatively scarce.
Price range
RM 800K – RM 3.9M
asking prices in area
Active projects
0
selling or under construction
Subsale condos
6
completed projects
Total tracked
7
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.
| Downpayment | RM 260,000 |
| SPA stamp duty (tiered 1–4%) | RM 88,000 |
| SPA legal fee | RM 24,050 |
| MOT stamp duty (at VP) Tiered 1–4% on transfer value. Paid at Vacant Possession stage. Buyer's cost — rarely absorbed by developer. | RM 88,000 |
| Loan stamp duty (0.5%) | RM 11,700 |
| Loan agreement legal fee | RM 11,700 |
| Valuation fee | RM 3,500 |
| Search, admin, misc | RM 1,000 |
| Gross upfront total | RM 487,950 |
New launch — typical developer savings
Toggle what the developer is absorbing. Confirm the actual package before signing.
Net upfront (after savings)
Based on typical 2026 new launch package
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
Is Cantonment Residence freehold?
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When will Cantonment Residence be completed?
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How many units does Cantonment Residence have?
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What is the starting price?
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Can foreigners buy at Cantonment Residence?
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Substitutes worth comparing
Open full comparison →Same area family, same property type, similar price band — what most buyers actually cross-shop.
From
RM 2.6M
Cantonment Residence